Temex Appoints Greg Gibson and Ron Goldsack to Board of Directors
June 12 2012 - 5:00PM
PR Newswire (Canada)
TORONTO, June 12, 2012 /CNW/ - Temex Resources Corp. (FWB: TQ1)
("Temex" or "the Company" or "the Corporation") is pleased to
announce the appointments of Mr. Greg Gibson and Mr. Ron Goldsack
to the Board of Directors of the Corporation effective immediately.
"I am delighted to welcome both Greg and Ron to the Board of
Directors of Temex," said Ian Campbell, President and CEO.
"Greg brings to Temex a wealth of experience in all aspects of
junior mining company operations and his contributions will be
invaluable as we take our Company to the next level. Ron's
vast experience in corporate finance greatly strengthens our team
and he will play an important role in accelerating our growth." Mr.
Gibson is a 30 year veteran of the mining industry having worked as
a mine manager in gold and copper mines in Australia, a nickel mine
in Timmins, Ontario and a gold mine in British Columbia. Mr.
Gibson has worked for JS Redpath in Canada and the USA, Dynatec
Mining Ltd. in Canada and the USA, Yilgarn Star Gold Mine in
Australia and Copper Mines of Tasmania in Australia. Mr.
Gibson is currently the President, CEO and a director of Trelawney
Mining and Exploration Inc. Mr. Goldsack has been active in the
investment business for decades and he has a long successful
history in corporate finance. He was a Vice President of Wood
Gundy and Co. Inc. in Toronto and New York where he helped build
their research department and was also active in institutional
sales, trading and corporate finance. He then became a
co-founder, Vice Chairman and Director of Gordon Capital for
approximately 28 years after which he was a partner at Griffiths
McBurney and Partners ("GMP") for 3 years. Mr. Goldsack also
served as a director of Goldcorp Inc. He currently acts as a
consultant to companies regarding corporate finance and M&A
advice to public and private companies. Concurrent with the new
appointments, Mr. Nelson Baker and Mr. Angus Footman have retired
from the Board of Directors of the Corporation. Mr. Footman
has served as a Director since 2003 and has contributed in many
ways including acting on all committees and as Chairman of the
Board for lengthy periods of time. Mr. Baker joined Temex in
2005 as a Director and has been instrumental in the development of
Temex's gold asset portfolio and will now be focusing on other
professional commitments. "On behalf of all of us at Temex, I want
to recognize the efforts of both Angus and Nelson and thank them
for their tremendous and consistent contributions to the success of
our company. I am pleased they will continue to assist the company
and we also wish them all the best in their future endeavors,"
expressed Ian Campbell, President and CEO. Effective with the
appointments, Mr Gibson and Mr. Goldsack have each been granted
options to purchase 500,000 common shares of Temex Resources
Corp. Each such option may be exercised at a price of $0.20
per share for a period of 5 years. On behalf of the Board of
Directors, "Ian Campbell" Ian Campbell President and CEO About
Temex Resources Corp. Temex is a Canadian based exploration company
focusing on its portfolio of precious metals properties in
northeastern Ontario, a world class mining district. Temex is
exploring its Timmins Whitney Property, in partnership with
Goldcorp, and its Juby Gold Project. The Juby Main Zone has
NI 43-101 compliant resources of 22.3 million tonnes at a grade of
1.30 g/t gold for 934,645 ounces of gold in the Indicated category
and 28.2 million tonnes at a grade of 1.00 g/t gold for 905,621
ounces of gold in the Inferred category, both at a cut-off grade of
0.40 g/t gold (Note 1). Temex also has a NI 43-101 compliant
resource for tailings material on its Gowganda Silver Project (Note
2). The tailings piles contain a NI 43-101 compliant resource
of 1.94 million tonnes grading 47.5 g/t silver for a contained
resource of 2.96 million ounces of silver in the Indicated
category. Notes: 1. Information regarding the mineral resource
estimate on the Juby Main Zone is in the Company's news release
dated January 16, 2012 and the technical report filed on SEDAR
February 28, 2012. The Mineral Resource Statement was prepared for
Temex by GeoVector Management Inc., Ottawa, Ontario according to
the "CIM Standards on Mineral Resources and Reserves: Definition
and Guidelines" (December, 2005), by Joe Campbell, BSc, P.Geo.,
Alan Sexton, MSc, P.Geol., and Allan Armitage, PhD, P.Geol.,
"independent qualified persons" as defined by NI 43-101. 2.
Information regarding the mineral resource estimate in the tailings
piles located on the Gowganda Silver Project is in the Company's
news release dated June 8, 2011 and the technical report filed on
SEDAR July 21, 2011. The Mineral Resource Statement was prepared
for Temex by GeoVector Management Inc., Ottawa, Ontario according
to the "CIM Standards on Mineral Resources and Reserves: Definition
and Guidelines" (December, 2005), by Allan Armitage, PhD, P.Geol.,
Alan Sexton, MSc, P.Geo. and Joe Campbell, BSc, P.Geo.,
"independent qualified persons" as defined by NI 43-101. Forward
Looking Statements: This news release includes certain
"forward-looking statements". Such forward-looking statements
involve risks and uncertainties. The results or events
predicted in these forward-looking statements may differ materially
from actual results or events. The Company disclaims any
intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Temex Resources Corp. CONTACT: please
visit www.temexcorp.com or email: info@temexcorp.com
orphone:416-862-2246 toll free: 866-373-6287
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