TEREX INTERSECTS 1.73% COPPER IN STEPOUT HOLE ON MASSEY PROJECT
Toronto, ON February 13, 2006
FSC / Press Release
TEREX INTERSECTS 1.73% COPPER IN STEPOUT HOLE ON MASSEY PROJECT
Toronto, Ontario CANADA, February 13, 2006 /FSC/ - Terex Resources Inc. (TSX - VX: TRR), is pleased to announce that the best copper grades of the recently completed drilling campaign came from drillhole MM-05-12 which assayed 1.73% Cu over a 6.1 metre (20 feet) core length.
In late 2005, Terex Resources carried out a 1,429 metre drill program on its Massey property located about 80 km west of Sudbury, Ontario. Terex has shown by the results of previous work programs that this area has many characteristics in common with a class of ore deposits called iron oxide - copper - gold deposits (IOCG). One of the largest known deposits of this type is the Olympic Dam deposit in Australia that contains 2.3 billion tonnes grading 1.3 % Cu, 0.5 g/t Au and 0.4 kg/t U3O8.
A seven hole program was designed to test I.P. conductivity anomalies and mineralized showings at several locations on the property. The results of the drill program are summarized in the table below:
------------------------------------------------------------------- Hole # From (m) To (m) Interval (m) Cu %
------------------------------------------------------------------- MM-05-07 25.4 35.02 8.62 0.30
------------------------------------------------------------------- MM-05-07 39.92 48.92 9.0 0.16
------------------------------------------------------------------- MM-05-10 91.42 97.55 6.13 0.25
------------------------------------------------------------------- MM-05-12 57.55 63.68 6.13 1.73 -------------------------------------------------------------------
Hole MM-05-12 was a 100 metre stepout along strike from holes MM-04-01 and MM-04-04 that intersected 0.11 % Cu over 32.4 metres and 0.9 % Cu over 11 metres respectively (see presentation on www.terexresources.com). Mineralization in hole 12 consists of disseminated chalcopyrite and pyrite hosted by foliated and altered (sericite, hematite) quartzite.
Hole MM-05-06 intersected disseminated pyrite mineralization while holes MM-05-08, 09 and 11 cut mafic rocks with disseminated magnetite (no significant copper mineralization was intersected in these drill holes).
Hole MM-05-07 was drilled under a series of mineralized old pits and trenches in an area where Terex had not conducted any previous geophysical surveys. This area is located in the northwestern corner of the property near the site of the old Hermina copper mine that operated from 1903 to 1909. The mineralization intersected in this hole is considered to be significant in that it is contained within a 125 metre wide section of brecciated and tectonized granite and diabase.
Hole MM-05-10 tested a 400 metre long I.P. anomaly that was discovered during a geophysical survey carried out by Terex earlier in 2005. All core was analyzed at Actlabs of Ancaster, Ontario, an ISO 17025 and CAN-P-1579 qualified laboratory. Copper values were determined by a four acid digestion followed by ICP analysis. Values higher than 10,000ppm Cu were then assayed.
During the drill program some promising I.P. targets were not tested due to excessive overburden cover that caused some technical problems with two holes. These important targets will be drill tested in the next phase of drilling. The significant cataclastic/deformation zone near the old Hermina mine merits additional I.P. surveying and diamond drilling to define its limits.
In other news, Terex has also completed a 4 hole diamond drilling program of approximately 1,000 metres on its Mishi gold property located 60 km northwest of Wawa, Ontario. Split drill core has been sent for assaying and assay results are pending.
Don Hawke, Professional Geologist, Qualified Person and President of Terex has reviewed and approved this press release.
For further information contact:
Wayne J. O'Connor, Chairman 416-364-6957, ext. 103 email: wayne@terexresources.com
Don Hawke, President 705-385-0465 email: hawke@vianet.ca
Shares issued: 45,224,662
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
TEREX RESOURCES INC.120 Adelaide Street West, Suite 512, Toronto, Ontario, Canada M5H 1T1Tel: 416-364-6957 Fax: 416-364-5400 www.terexresources.com
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