Temex Resources Corp. (CVE:TME) unveiled Thursday the first batch of results from a resource definition drilling program targeting the Upper Hallnor Mine Zone, which is on the eastern portion of the company's Whitney gold project in northeastern Ontario.
Highlights included 2.83 grams per tonne (g/t) gold over 11.5 metres, including 11.60 g/t gold over 1.00 metre in hole TW11-164, and 6.10 g/t gold over 4.00 metres, including 11.05 g/t gold over 1.17 metres in hole TW11-166.
Independent research firm eResearch has initiated coverage on Papuan Precious Metals (CVE:PAU) with a "speculative buy" rating and $0.30 target price.
In a research note, eResearch analyst Yuri Belinsky said: "We expect that Papuan will be able to delineate mineralizations at the Mt. Suckling and New Hanover projects in 2012-2013, and that one, or both, projects will obtain a resource estimate by 2014.
www.proactiveinvestors.com.au/companies/...and-more-25926.html
Highlights included 2.83 grams per tonne (g/t) gold over 11.5 metres, including 11.60 g/t gold over 1.00 metre in hole TW11-164, and 6.10 g/t gold over 4.00 metres, including 11.05 g/t gold over 1.17 metres in hole TW11-166.
Independent research firm eResearch has initiated coverage on Papuan Precious Metals (CVE:PAU) with a "speculative buy" rating and $0.30 target price.
In a research note, eResearch analyst Yuri Belinsky said: "We expect that Papuan will be able to delineate mineralizations at the Mt. Suckling and New Hanover projects in 2012-2013, and that one, or both, projects will obtain a resource estimate by 2014.
www.proactiveinvestors.com.au/companies/...and-more-25926.html
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