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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."

Highlights:

- 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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