Namex’s property positioning ensures they’re poised for senior exploration

Canada, Montreal (SANEPR.com) July 2, 2008 -- Where do you find a new mine? The answer is simple, next to an old one.

In reality, it’s not that simple; however, experts know that locating a new mine in close proximity to a previously developed one is a good indicator. After all, a vein carrying mineral deposits doesn’t just shut off because of a property line.

Namex Explorations Inc. recently purchased the Huffman property, located northwest of Sudbury. This new property is on trend and some 8 kilometres east of the Jerome Gold Mine. In 1941 to 1943 the Jerome Gold Mine produced 56,878 ounces of gold, and 15,104 ounces of silver. Of great significance and as evidence of the importance of location, recent excavator work on the Huffman property has exposed mineralized porphyritic felsic bedrock in four trenches along a strike length of 240 metres.

“There are exciting things about to happen,” says Oliver Maki, Chief Geologist for Namex Explorations Inc., former Professor of Geology at Cambrian College, and director of the exploration program that discovered the three billion ton Los Pelambres copper deposit on the Chile-Argentina border. “The [Huffman property"> results of grab samples have been tremendous: the gold value is up over 2 ounces per ton and although confined to a somewhat narrow vein, it’s occurring within quartz felsic porphyry which is the host draw for most of the mines in that area. We’re optimistic of being able to locate an enlargement of it further down.”

In fact all of Namex’s properties are located in former or established mining camps, are part of former mines are adjoining, or adjacent to former mines, or are on trend and in very close proximity to known ore bodies. They also can be serviced by the existing infrastructure of skilled mine labor pools, good roads, power, cities and are in areas known to be friendly to mining.

Their Post Creek property is not only strategically located adjacent to FNX Mining's Podolsky North and Podolsky 2000 projects, but encompasses some 1,200 metres of the same Whistle Offset which hosts the Podolsky ore bodies. In August of last year, the Podolsky 2000 Deposit encountered massive copper, nickel, platinum, palladium and gold mineralization.

“The Post Creek rock type is correct, the geology is correct and it’s surrounded by proven producers – that’s what we base our excitement on,” says Oliver Maki.

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For further information or to schedule an interview contact:

Peter Turkington
Strategic Communications Solutions
ON BEHALF OF: Namex Explorations
Direct Phone: 905.901.9218
Email: pturkington@stratcommsolutions.ca