Temex Resources Reports Significant Increase in Gold Resources, Yet Shares Slip 2%
Temex Resources Corp. (TME.V) dipped 2% early in the afternoon to $0.235, hitting day lows, even after announcing its updated resource estimate for the Juby Mesothermal Gold Project.
Ian Campbell, President and CEO, said: "We are extremely pleased with the significant increase in gold resources which is an important step forward on the Juby Project."
- Indicated resource is 934,645 ounces gold grading 1.30 g/t at 0.40 g/t cut-off
- Inferred resource is 905,621 ounces gold grading 1.00 g/t at 0.40 g/t cut-off
- Deposit remains open for expansion at depth and along strike
So far, 162,000 TME shares have changed hands.
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