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Tempus Resources Ltd
Symbol TMRR
Shares Issued 98,744,613
Close 2021-10-25 C$ 0.15
Recent Sedar Documents

Tempus drills one m of 33.7 g/t Au at Elizabeth

2021-10-26 07:21 ET - News Release

Mr. Jason Bahnsen reports

'BONANZA' GOLD FROM NEWLY DISCOVERED VEIN AT ELIZABETH

Tempus Resources Ltd. has released bonanza-grade gold assay results from the newly discovered Blue vein from drill hole EZ-21-12 with 33.7 grams per tonne gold over 1.0 metre from 117.8 metres and 26.4 g/t gold over 0.5 m from 130.7 metres. Drill holes being reported in this release are EZ-21-09, EZ-21-10, EZ-21-11, EZ-21-12, EZ-21-13 and EZ-21-14 from the continuing 2021 drilling program at its Elizabeth gold project in Southern British Columbia, Canada.

Highlights:

  • The newly discovered vein to the northwest of SW vein, now named the Blue vein, initially intersected by drill hole EZ-21-12, has now been extended with five additional intersections over an initial strike length of 380 metres with indicated vein structural widths ranging from 0.5 to 2.0 metres;
  • Assays for Blue vein discovery drill hole EZ-21-12, which include a bonanza-grade intersection, report:
    • 33.7 grams per tonne gold over 1.0 metre from 117.8 metres;
    • 26.4 g/t gold over 0.5 m from 130.7 metres;
    • 8.4 g/t gold over 0.5 m from 163.9 metres;
  • 26 drill holes (for 7,280 metres) now completed so far at Elizabeth in 2021 with multiple assays pending:
    • Assays for first 14 holes have been received (12 from SW vein and two from new Blue vein);
    • Another 12 holes are at the lab, including assays submitted as far back as August;
  • Diamond drilling continues to demonstrate the SW vein and the Blue vein extend downdip and along strike -- all extensional holes drilled appear to intersect quartz veining.

Tempus president and chief executive officer Jason Bahnsen commented: "It is exciting to see the newly discovered Blue vein develop along strike parallel to the SW vein with six drill intersections to date. Initial results show strong grades of up to 33.7 grams gold per tonne with widths of over one metre and an initial strike length of 380 metres."

Tempus discovered the new Blue vein with drill hole EZ-21-12 with the intersection of visible gold in the drill core, as announced on Sept. 27, 2021. The Blue vein is located approximately 150 metres to the northwest of and parallel to the SW vein. This previously unknown vein has now been intersected by six drill holes (EZ-21-09, EZ-21-12, EZ-21-24, EZ-21-25, EZ-21-26 and EZ-21-27) demonstrating an initial strike length of 380 metres. The assay results from Blue vein intersections in drill holes EZ-21-12 and EZ-21-09 and reported in this release. The Blue vein remains open at depth and along strike.

EZ-21-09, approximately 380 metres north of EZ-21-12 drill hole, intersected the Blue vein at 58.6 m downhole near the upper contact of the ultramafic/diorite. A 0.5 m quartz vein returned anomalous values in gold, silver, arsenic and mercury.

Drill holes EZ-21-10 and EZ-21-11 intersected similar alteration associated with the Blue vein in hole EZ-21-12; however, the alignment of the drill hole was slightly above the ultramafic/diorite contact and did not show any appreciable quartz veining as ultramafic rocks at Elizabeth are not favourable host rocks for mineralization.

All reported drill holes also intersected the SW vein at depth and were successful in identifying the SW vein/structure with anomalous gold, silver, arsenic, mercury and antimony. The results are indicative of mesothermal/orogenic mineralization and are consistent with the high-grade gold zones from previously reported drill holes EZ-20-06 (5.0 m at 61.3 g/t gold from 116.5 m, including 1.5 m at 186.0 g/t gold from 118.0 m) and EZ-21-04 (4.0 m at 31.2 g/t gold from 122.0 m, including 1.5 m at 52.1 g/t gold from 123.0 m and 0.5 m at 72.0 g/t gold from 124.0 m).

Highlights from the assay results of the six drill holes reported in this announcement are shown below (see significant interval table for details). Note, the results for each hole include intercepts of the Blue vein, SW vein and other veins as indicated:

  • Drill hole EZ-21-12:
    • 33.7 g/t gold over 1.0 m from 117.8 m (Blue vein);
    • 26.4 g/t gold over 0.5 m from 130.7 m (Blue vein);
    • 8.4 g/t gold over 0.5 m from 163.9 m (Blue vein);
    • 1.2 g/t gold over 2.1 m from 344.9 m (SW vein);
  • Drill hole EZ-21-09:
    • 0.3 g/t gold over 0.5 m from 130.7 m (Blue vein);
    • 2.6 g/t gold over 2.0 m from 270.9 m (SW vein);
  • Drill hole EZ-21-10:
    • 4.0 g/t gold over 0.5 m from 223.00 m (7 vein).

Tempus technical staff continue to be encouraged by the consistent and continuous nature of the SW vein structure and the Blue vein structure as it continues at depth and along strike.

The Elizabeth gold project is the flagship project for Tempus and is located in the Bralorne-Pioneer gold district of Southern British Columbia. The 115-square-kilometre project is a relatively underexplored high-grade mesothermal gold project with mineralization presenting itself in vein sets, which range in true width from one m to 6.5 metres. The high-grade quartz veins encountered in the drilling at Elizabeth show close geological similarities to the Bralorne-Pioneer mesothermal vein system (approximately 30 km away), which was mined to a depth of approximately 2,000 metres and produced more than four million ounces of gold over a period of more than 70 years (from approximately 1900 to 1971).

The overall exploration drilling strategy for the Elizabeth project is focused on increasing the size and confidence level of the historic inferred resource of approximately 206,139 ounces of contained gold (522,843 tonnes at 12.26 g/t Au -- SRK 2009). Apart from a few infill drill holes intended to convert inferred resources to indicated, the majority of the drill holes were completed and planned by Tempus intersected gold vein structures outside of the 2009 resource block model.

To date, Tempus has completed approximately 9,300 metres of drilling (of the total announced phase 1 drill program of 12,000 metres) since the program started in November, 2020. In total, Tempus has completed 37 diamond drill holes at Elizabeth (11 holes completed in 2020, 26 holes completed in 2021 to date). There are currently 12 drill holes pending assay results.

Competent persons statement

Information in this report relating to exploration results is based on information reviewed by Kevin Piepgrass, who is a member of the Association of Professional Engineers and Geoscientists of the province of B.C. (APEGBC), which is a recognized professional organization (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity, which he is undertaking to qualify as a competent person as defined by the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a qualified person for the purposes of National Instrument 43-101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which they appear.

About Tempus Resources Ltd.

Tempus Resources is a growth-orientated gold exploration company. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Elizabeth-Blackdome project, a high-grade gold formerly producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Elizabeth-Blackdome that will form the basis of an updated NI 43-101/Joint Ore Reserves Committee resource estimate.

                                       SIGNIFICANT INTERVAL TABLE

Hole ID        From         To     Interval      True thickness      Gold grade       Met screen grade
                (m)        (m)          (m)                 (m)        (g/t Au)               (g/t Au)

EZ-21-01      94.00      96.60         2.60                2.21            4.60                   5.12
and           83.50      84.00         0.50                0.43           20.50                pending
EZ-21-02     102.40     109.00         6.60                5.61            8.40                pending
including    105.40     106.50         1.10                0.93           46.30                pending
EZ-21-03      88.60      95.00         6.40                5.44            7.22                pending
including     89.30      91.90         2.60                2.21           11.80                pending
and           90.00      91.30         1.30                1.11           19.80                pending
and           34.70      35.20         0.50                0.43            3.15                pending
EZ-21-04     122.00     126.00         4.00                3.40           31.20                  34.40
including    123.00     124.50         1.50                1.28           52.10                  68.30
including    124.00     124.50         0.50                0.43           72.00                  87.30
EZ-21-05     134.00     135.00         1.00                0.85            1.38          not performed
and          217.55     218.25         0.70                0.59            1.74                   1.67
and          256.00     256.50         0.50                0.43            1.03                   0.89
and          554.85     555.35         0.50                0.43            0.24          not performed
EZ-21-06     134.50     136.00         1.50                1.28            1.10                   1.71
and          245.00     246.00         1.00                0.85            2.05                   2.45
EZ-21-07                                                                                     hole lost
EZ-21-07B     40.10      41.10         1.00                0.85            4.88          not performed
and           51.50      52.20         0.70                0.60            9.06          not performed
and          160.00     165.75         5.75                4.89            0.53                   0.70
EZ-21-08     196.25     202.40         6.15                5.23            0.65                   0.66
and          226.60     227.10         0.50                0.43            1.54                   1.85
EZ-21-09      58.60      59.10         0.50                0.43            0.31
and          270.90     272.90         2.00                1.70            2.56          not performed
and          355.88     357.00         1.12                0.95            0.85          not performed
EZ-21-10     223.00     223.50         0.50                0.43            4.04          not performed
and          347.70     349.20         1.50                1.28            0.22                   0.21
EZ-21-11     326.90     327.40         0.50                0.43            0.55                   0.44
EZ-21-12     117.80     118.80         1.00                0.85            47.6                   33.7
and          130.70     131.20         0.50                0.43            26.4          not performed
and          163.90     164.40         0.50                0.43            5.50                   8.41
and          344.90     347.00         2.10                1.79            0.78                   1.22
EZ-21-13     230.70     232.60         1.90                1.62            0.76                   0.71
EZ-21-14     224.00     224.90         0.90                0.77            1.63                   1.15

* True thickness is estimated using a multiplier of 0.85.

We seek Safe Harbor.

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