NAMEX EXPLORATIONS INC.

New to Company/PropertyMine?

Start here »

Featured Company

Type: Public
Classification: Monitor

Stock Quote: TSX-V:NME

Complete Report
- All Offices
- Corporate Summary
- Name History
- Company News
- President/Directors
- Major Shareholders
- Major Shareholdings
- Performance Summary
- Past Performance
- Stock Information
- Mineral Property Interests
  (Links to complete reports)
- All Documents
  (Searchable)

View full size in Google Maps »

4333 STE. CATHERINE STREET WEST, SUITE 610
MONTREAL
Quebec
Canada, H3Z 1P9
Phone: +1 (514) 935-2445
Fax: +1 (514) 935-8161

Comparable Companies

June 30, 2008

Namex Explorations Inc., a junior Canadian exploration company, is traded on the TSX Venture Exchange under the symbol NME.

There are 28,010,021 common shares issued and outstanding, fully diluted common shares: 34,790,871.

Mission Statement: Namex's mission is to add value for its shareholders by acquiring, exploring for, discovering and defining, in North America, mineral resources of sufficient quality to warrant their development. Once mineral resources are sufficiently defined, it intends to sell the properties to major mining companies. Exploration of the properties is conducted under the direction of the technical team, which originally selected them.

Company Profile:

Namex is aggressively exploring for large significant ore deposits of precious and base metals.

The company has properties around the Sudbury Basin and close to Timmins in Ontario as well as in the Eastern Townships of Quebec and northwestern Quebec.

The Properties:

The Huffman - Timmins Area of Ontario:

In September of 2006, Namex optioned an extremely exciting property, The Huffman. Located about 110 kilometres from Timmins and 200 kilometres from Sudbury in the Swayze Gold Belt, The Huffman is comprised of 4 un-patented mining claims totalling 1,560 acres/624 hectares situated in Huffman and Potier townships.

Namex's technical team, headed by Oliver T. Maki, Namex Director and Chief Geologist, conducted an aggressive exploration program on the project this past field season. A field base camp was set up and the following exploration activities were conducted: mapping and prospecting, excavator overburden stripping and trenching, a Mobil Metal Ions (MMI) geochemical survey plus a magnetometer survey and diamond saw cut channel sampling. Diamond drilling was started but had to be curtailed with the advent of winter conditions.

Grab samples taken late in 2006 from a narrow blue-grey quartz vein within a porphyry intrusive, returned spectacular assay grades of up to 54.2 grams or 1.92 ounces of gold, 1,620 grams or 57 ounces of silver, 8.63% copper, 12.6% lead, 2.3% zinc and 5.94% antimony per ton. These samples were derived from intersections of the narrow quartz vein within four trenches and defined a strike length of some 240 metres. It is of prime importance to determine the source of this mineralization. (See December 14, 2006 news release). A subsequent Mobil Metal Ions (MMI) geochemical survey identified a highly anomalous mineralized zone measuring 300 x 200 meters (1,000 x 650 feet) that is open to the east and to the west. In addition to the base and precious metals assayed, molybdenum, tantalum, tungsten and uranium mineralization has been identified by MMI. The shallow depth of overburden over the mineralized zone allowed for rapid testing by excavation and surface sampling. The channel sampling of the intrusive porphyry up to 40m to 50m wide, shows that the gold grade is increasing within the porphyry as one goes from east to west. In addition to the 300 metre strike length of highly anomalous MMI indications, the 2007 MMI sampling has now extended the potential zone by another 600 metres to the east. Since the gold appears to be associated with the sulphides, it has been decided that an IP survey will be the most effective method to outline potential drill target areas. The source of the high grade mineralization remains a priority target. Management is excited about the indicated size and economic potential of The Huffman.

The Sudbury Properties:

The company has established a significant ground position of 12,400 acres in the prolific Sudbury mining camp where the value of ore mined and currently in reserve has recently been estimated at $300 billion Canadian. All Namex Sudbury properties abut and are totally surrounded by claims held by INCO - recently acquired by Companhia Vale do Rio Doce ("VALE"), Falconbridge - acquired by Xstrata, Wallbridge, FNX, Ursa Major and Champion Bear.

1. The Golden Pine

The Golden Pine property is a 7,520 acre/3,008 hectare package located 40 kilometres (25 miles) northeast of Sudbury within Parkin and Hutton townships, and is situated west of Namex's Post Creek property. The property is unique in that it hosts a wide variety of types of mineralization. In addition to historical drill hole assays, attention is immediately drawn to the 2006 multi-ounce channel sample results that resemble those of Goldcorp's Red Lake Gold Mine, the richest gold mine in the world. Namex's grab and channel samples returned grades of up to 182 grams or 5.2 ounces of gold and 122 grams or 4.3 ounces of silver per ton.

A recent MMI survey has identified a large anomalous gold target area with results of more than 1,000 times background. Additional MMI surveys are planned and will be followed by diamond drilling.

Favourable Huronian basal conglomerates, underlying the northwestern area of the claims, will also be prospected for uranium, as part of the company's program.

2. The Post Creek

The Post Creek property is located 35 kilometres (22 miles) east of Sudbury in Norman and Parkin townships. This 1,720 acre/688 hectare property is strategically located on strike with the Whistle Offset Dyke structure, which hosts FNX's Podolsky nickel, copper and P.G.M. discovery. The Podolsky discovery, located approximately 1.5 km (1 mile) from the Namex property boundary, is presently undergoing a $42 million development program that includes the construction of a decline ramp complete with drilling stations.

Its indicated reserves are in excess of 3 million tonnes, grading 3.3% copper, 0.30% nickel and 6.78 g/t total precious metals. Recent news, see FNX Sept. 5, 2007 news release - "This bore hole intersected 60 feet grading 25.6% copper, 1.6% nickel and 0.6 ounce per ton platinum, palladium and gold". This bore hole is within 2,000 feet of the FNX/Namex property line. Namex has established that the Whistle Offset structure extends some 1,800 feet across the Post Creek property and contains anomalous nickel, copper, PGM's and gold mineralization.

Exploratory drilling has proven that the extension of the Whistle Offset structure crosses the Post Creek Property. Namex intends to explore additional targets along the Whistle Offset structure this year with geological mapping, overburden excavation and MMI geochemical surveys.

Elsewhere on the property a grid has been established for an MMI survey covering a large area of historic high-grade zinc and copper mineralization originally outlined by Oliver T. Maki, Namex's Chief Geologist, in the early 1960's. Assays of up to 9.72% zinc, 3.72% copper and 0.69 g/t gold were obtained from outcrop rock samples.

3. The Woods Creek

This 3,160 acre/1,264 hectare property is located 50 kilometres (30 miles) west of Sudbury in Hyman township. Namex's Woods Creek property abuts the Ursa Major property on the western and southern boundaries and Wallbridge to the east and north. Namex has been exploring for nickel, copper, cobalt and PGM's within Nipissing Diabase rocks that are similar to the rocks that host Ursa Major's nickel, copper, PGM mineralization at its Shakespeare deposit. This deposit is located 15 kilometers southwest of Woods Creek and contains 7,301,000 tons grading 0.37% nickel, 0.39% copper, 0.024% cobalt, 0.37 g/t platinum, 0.40 g/t palladium and 0.20 g/t gold. Drilling by Namex in 2002, testing below a surface showing of sulphide mineralization assaying 1.22% copper and 0.95% nickel, encountered 7.0 metres (23 feet) of anomalous sulphide mineralization with up to 0.37% copper, 1.09% nickel and anomalous PGM's and gold. Namex intends to conduct an additional follow up drilling program this year.

Namex also has uranium showings on its property and intends to explore the possibility of uranium bearing formations dipping onto the northern portion of the property from the adjacent former Agnew Lake Uranium Mine's property.

Quebec Properties:

Namex also has several base and precious metal properties in the Eastern Townships of Quebec and in northwestern Quebec. Exploration programs are not scheduled for 2008.

Management Team:

James W. Hess: President

Mr. Hess began his career in 1962 in the Los Angeles Research Department of a major NYSE member firm becoming a specialist in emerging high technology and natural resources. In 1985 he joined Ms. Rosemary Christensen and Douglas Parent (P. Eng) to develop Namex's original Quebec exploration properties. Mr. Hess is also a Founder, President and Director of The O.T. Mining Corporation, which owns approximately 17% of Namex Explorations Inc.

Rosemary L. Christensen, B.C.L.: Founder

Ms. Christensen founded the Somerville House Corporation and its affiliated companies that have been involved in the investment business since 1972. She pioneered motion picture syndication in Canada, created tax incentive investments and expanded the company to include the metal mining industry.

Arild Stockinger: Treasurer and Director

Mr. Stockinger is President of Canbulk Ship Management, a ship broker and shipping consultant.

Arthur Seligman: Director

Since 1984, Mr. Seligman has been Director of Sales and Marketing for the Petroleum Development Company (PDC). During his tenure, the company has grown to become the largest distributor of public hydrocarbon drilling programs in the United States. Its Investor Relations Department, which he established, receives annual praise from the broker/dealer community as the best in the business.

Senior Technical Team:

Oliver T. Maki: Director and Chief Geologist

Mr. Maki began his career in 1945 working in Latin and North America in all facets of the mining industry for such companies as Gulf Sulphur where he was responsible for its Mexican sulphur operations, as general superintendent for the American Zinc Company in the U.S., as an economic geologist for the United Nations Development Program in Chile and as an economic geologist for the Organization of American States, Washington, D.C. Mr. Maki, in 1969-70, directed and carried out the exploration program on which his third drill hole was the discovery hole for one of the largest open pit copper mines in the world, the three billion ton Los Pelambres copper mine on the border of Chile and Argentina. Mr. Maki was born in Sudbury, worked and made discoveries in the Sudbury Camp and was a Professor of Geology at Sudbury's Cambrian College from 1970 to 1990. Mr. Maki became a consultant to Namex and The O.T. Mining Corporation in 1988 and is now with these companies full time.

Dr. Mark Fedikow: HBSc., M.Sc., Ph.D., P.Eng., P.Geo., C.P.G., Vice-President Exploration and Director

Dr. Fedikow has 30 years of industry and government experience as an exploration geochemist and mineral deposits geologist. In 2001 he was the recipient of the Provincial Geologists Medal, a Canadian national award for outstanding geoscientific achievement. As an exploration geochemist and mineral deposit geologist, he has published numerous articles on mineral deposits and their geochemical expressions in rock, soil and vegetation sample media. Specifically, he has applied the Mobile Metal Ions Process (MMI) in exploration programs for lode gold, base metal massive sulphides, platinum group metals, magmatic nickel-copper, epithermal gold-silver and porphyry copper deposits in a variety of geological and overburden environments. Dr. Fedikow is a Fellow of the Association of Applied Geochemists.

Contact Information:

Address	Contact
Namex Explorations Inc. 4333 Ste. Catherine St. West Suite 610 Montreal, Quebec, H3Z 1P9 Canada	James W. Hess, President Tel: (514) 935-2445 or (514) 932-7712 Fax: (514) 935-8161 Email: info@namex-explorations.com Website: www.namex-explorations.com.