Monday, 30th June 2008 (403 views)

Namex Explorations has announced the purchase of a new mine in Ontario.

The new mine is located on the Huffman property which covers 624 hectares and has four claims.

Oliver Maki, chief geologist for Namex Explorations, said: "The Huffman property results of grab samples have been tremendous: the gold value is up over two ounces per ton and ... it's occurring within quartz felsic porphyry which is the host draw for most of the mines in that area."

Grab samples at the site have produced mineralisation results of 54.2 g/t of gold.

Huffman is eight kilometres from the Jerome gold mine.

Production at the Jerome gold mine lasted between 1941 and 1943 and produced 56,878 ounces of gold.

Namex Explorations is a Canadian exploration company. Along with the Huffman property, the company has three other sites in Ontario and three properties in Quebec.

The Clinton project in Quebec covers 1,397 hectares.

 

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