[meteorite-list] Namex Completes 8 Diamond Drill Holes on its Sudbury Area Properties

From: Ron Baalke <baalke_at_meteoritecentral.com>
Date: Thu Nov 9 12:40:24 2006
Message-ID: <200611091740.JAA15212_at_zagami.jpl.nasa.gov>

http://www.marketwire.com/mw/release_html_b1?release_id=182344

Press Release

Namex Completes 8 Diamond Drill Holes on its Sudbury Area Properties
November 9, 2006

TORONTO, ONTARIO -- (MARKET WIRE) -- November 09, 2006 -- Namex (TSX
VENTURE: NME) is pleased to announce that it has completed 1,985 metres of
diamond drilling to test three first priority targets as identified from its
recently completed technical report.

Two holes were drilled to test a high intensity magnetic and
electromagnetic anomaly at Fraser Lake, on the Golden Pine property.
Drilling encountered highly brecciated banded iron formation, with
pyrite and calcite veinlets and some rocks best described as Sudbury
breccia. Namex was targeting iron formation hosted gold mineralization
common to Archean volcanic belts, such as the Geraldton-Longlac, Central
Patricia and Pickle Crow mines in northwestern Ontario. The proximity of
this anomaly to the Sudbury meteorite impact event was particularly
compelling.

On the Golden Pine East, Namex drilled four holes totaling 477 metres.
All holes were drilled from a singular location to try and determine the
strike, dip and extension to depth of the A-1 surface gold showing. Two
of these holes also tested high priority IP targets along the contact
between Huronian sediments on the north and felsic meta-volcanics to the
south. Historical surface channel sample returned a 7.22 foot width
(2.2m) running 1.302 ounces gold/ton (44.64 g/t). The main gold
mineralization here reportedly occurs as microscopic grains not visible
in hand specimen. Although gold mineralization appears to be associated
with sulphides and quartz veining no distinction is possible in hand
specimen or drill core between barren and mineralized rock. Fine
disseminated sulphides have been noted occurring sporadically in the
core in all four holes, however, logging and sampling is presently on
going.

The third area of drilling was on the Post Creek property, to test two
priority IP anomalies along the projection of the Whistle Offset. Two
holes totaling 775 metres tested Quantitative Section anomalies
identified by Matrix GeoTechnologies. The holes encountered extensive
zones of brecciated rock. The detailed core logging of these holes will
need to be completed (and possibly petrographic analyses) to determine
if these sections may be Sudbury or footwall breccias.

Complete assay results are expected by year end.

Oliver T. Maki, P.Geo, a qualified person, is responsible for the
technical content of this news release.

Namex is a Canadian junior that actively explores for platinum group
metals, nickel, copper, gold, silver, zinc and lead exclusively in North
America. For further information, see Namex's due diligence site:
www.namex-explorations.com .

This release was prepared by the Company's management who take full
responsibility for its contents. Some statements contained in this
release are forward-looking and, therefore, involve uncertainties or
risks that could cause actual results to differ materially. The company
disclaims any obligation to update forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.

------------------------------------------------------------------------

Contacts:
Namex Explorations Inc.
James W. Hess
President & C.E.O.
(514) 935-2445 or (514) 932-7712
(514) 935-8161 (FAX)
Email: info_at_otmining.com
Website: www.namex-explorations.com

SOURCE: Namex Explorations Inc.
Received on Thu 09 Nov 2006 12:40:13 PM PST