19:48:19 EST Tue 29 Nov 2022
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Tempus Resources Ltd
Symbol TMRR
Shares Issued 98,744,613
Close 2021-11-24 C$ 0.13
Recent Sedar Documents

Tempus drills 1.5 m of 4.25 g/t Au at Elizabeth

2021-11-24 07:46 ET - News Release

Mr. Jason Bahnsen reports

FURTHER DRILL RESULTS HIGHLIGHT BLUE VEIN POTENTIAL

Tempus Resources Ltd. has released further assay results from drill holes from its Elizabeth gold project in British Columbia, Canada. Drill holes being reported in this release are EZ-21-15, EZ-21-16, EZ-21-17, EZ-21-18 and EZ-21-19. The drill holes targeted the SW vein at a vertical depth below 200 metres and the Blue vein (EZ-21-19).

Highlights:

  • Assays received for the first follow-up drill hole on the Blue vein (drill hole EZ-21-19) in the vicinity of the bonanza-grade discovery hole (drill hole EZ-21-12, announced on Oct. 21) demonstrate high-grade mineralization continues downdip.
  • Multiple high-grade intersections were encountered in drill hole EZ-21-19:
    • 0.50 metre at 4.52 grams per tonne gold from 127.50 m;
    • 1.50 m at 4.25 g/t Au from 129.00 m;
    • 0.90 m at 6.14 g/t Au from 167.80 m.
  • Assay results have now been received for three drill holes that intersected the Blue vein located approximately 150 metres northwest of the SW vein (EZ-21-09, EZ-21-12 and EZ-21-19). The results to date show continuity of the Blue vein over a strike length of at least 380 metres and demonstrates continuity downdip.
  • The results from EZ-21-19 indicate the potential for the Blue vein to be a source of new mineral resources at Elizabeth gold project.
  • More broadly, the discovery of the Blue vein and continued success in demonstrating its mineralized content, highlight the potential for multiple vein sets at the Elizabeth project. Multiple identified veins are yet to be drilled (No. 9 vein, Main vein and West vein) and there is great potential for additional new vein discoveries.
  • Tempus has suspended drilling at Elizabeth for the season, pending the approval of the notice of work amendment for extension of the lower portal adit access for underground drilling. A total of 28 drill holes over approximately 7,740 metres were completed during 2021. Assays are pending for nine drill holes from the 2021 drill program, including four drill holes that intersected the Blue vein (EZ-21-24, EZ-21-25, EZ-21-26 and EZ-21-27), which are expected to be received in tranches over the next 12 weeks.

Tempus president and chief executive officer Jason Bahnsen commented: "The assay results for drill hole EZ-21-19 show continued high-grade gold mineralization downdip of the previously reported bonanza-grade intersection at the newly discovered Blue vein. Assays have now been received for three out of the seven drill holes that have intersected the Blue vein. With the historic resource at Elizabeth largely centred on the SW vein, the Blue vein holds significant potential for expanding the current resource base for the project."

Blue vein results

Tempus discovered the new Blue vein with drill hole EZ-21-12 with an 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 seven drill holes (EZ-21-09, EZ-21-12, EZ-21-19, EZ-21-24, EZ-21-25, EZ-21-26 and EZ-21-27) demonstrating an initial strike length of 380 metres, with four of those drill holes pending assay results.

Drill hole EZ-21-12 (see announcement dated Oct. 26, 2021) included high-grade gold intersections with assays of including 33.7 g/t gold over 1.0 metre from 117.8 metres, 26.4 g/t gold over 0.5 m from 130.7 metres, and 8.4 g/t gold over 0.5 m from 163.9 metres. EZ-21-19 was drilled at a steeper angle than EZ-21-12 and demonstrates continuity of the Blue vein downdip.

Results from EZ-21-24 to EZ-21-27, which specifically target the Blue vein, were all successful in intersecting the quartz vein and are currently in the lab with assays pending. See the associated table for Blue vein drill results received to date.

                 ELIZABETH GOLD PROJECT BLUE VEIN DRILL INTERSECTIONS

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

EZ-21-09           58.60          59.10           0.50                  0.43           0.31
EZ-21-12          117.80         118.80           1.00                  0.85           47.6
and               130.70         131.20           0.50                  0.43           26.4
and               163.90         164.40           0.50                  0.43           5.50
EZ-21-19          127.50         128.00           0.50                  0.43           4.52
and               129.00         130.50           1.50                  1.28           4.25
and               167.80         168.70           0.90                  0.76           4.50
EZ-21-24         pending
EZ-21-25         pending
EZ-21-26         pending
EZ-21-27         pending

* True thickness is estimated using a multiplier of 0.85.

SW vein results

Each of drill holes being reported today has successfully intersected the SW vein and continues to indicate significant mineralization and anomalous gold values. Mineralized intervals are consistent with mesothermal/orogenic gold veins and contain highly elevated values in arsenic, antimony, silver and mercury. Drill holes EZ-21-15, EZ-21-16, EZ-21-17, EZ-21-18 and EZ-21-19 targeted the southern portion of the SW vein at depths below 200 m vertical.

Tempus has now completed exploration drilling at Elizabeth for 2021. A total of 28 drill holes have been completed at Elizabeth for approximately 7,740 metres. Combined with the 11 drill holes completed in 2020, Tempus has now completed 39 drill holes for a total of approximately 9,750 metres at Elizabeth since Tempus began drilling in November, 2020. There are currently nine drill holes pending assay results.

The underground development permit for the Elizabeth lower portal exploration drift is still pending (see announcement dated Sept. 13, 2021).

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
                   (m)       (m)           (m)                (m)          (g/t)

EZ-21-01         94.00     96.60          2.60               2.21           4.60
and              83.50     84.00          0.50               0.43          20.50
EZ-21-02        102.40    109.00          6.60               5.61           8.40
including       105.40    106.50          1.10               0.93          46.30
EZ-21-03         88.60     95.00          6.40               5.44           7.22
including        89.30     91.90          2.60               2.21          11.80
and              90.00     91.30          1.30               1.11          19.80
and              34.70     35.20          0.50               0.43           3.15
EZ-21-04        122.00    126.00          4.00               3.40          31.20
including       123.00    124.50          1.50               1.28          52.10
including       124.00    124.50          0.50               0.43          72.00
EZ-21-05        134.00    135.00          1.00               0.85           1.38
                217.55    218.25          0.70               0.59           1.74
and             256.00    256.50          0.50               0.43           1.03
and             554.85    555.35          0.50               0.43           0.24
EZ-21-06        134.50    136.00          1.50               1.28           1.10
and             245.00    246.00          1.00               0.85           2.05
EZ-21-07                                                               hole lost
EZ-21-07B        40.10     41.10          1.00               0.85           4.88
and              51.50     52.20          0.70               0.60           9.06
and             160.00    165.75          5.75               4.89           0.53
EZ-21-08        196.25    202.40          6.15               5.23           0.65
and             226.60    227.10          0.50               0.43           1.54
EZ-21-09         58.60     59.10          0.50               0.43           0.31
and             270.90    272.90          2.00               1.70           2.56
and             355.88    357.00          1.12               0.95           0.85
EZ-21-10        223.00    223.50          0.50               0.43           4.04
and             347.70    349.20          1.50               1.28           0.22
EZ-21-11        326.90    327.40          0.50               0.43           0.55

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

EZ-21-12        117.80    118.80          1.00               0.85           47.6
and             130.70    131.20          0.50               0.43           26.4
and             163.90    164.40          0.50               0.43           5.50
and             344.90    347.00          2.10               1.79           0.78
EZ-21-13        230.70    232.60          1.90               1.62           0.76
EZ-21-14        224.00    224.90          0.90               0.77           1.63
EZ-21-15        318.40    320.80          2.40               2.04           0.31
including       320.30    320.80          0.50               0.43           1.14
EZ-21-16        305.00    306.90          1.90               1.61           0.55
EZ-21-17        171.00    171.50          0.50               0.43           0.14
and             204.00    204.60          0.60               0.51           0.53
and             254.60    256.85          2.25               1.91           1.40
and             350.13    350.75          0.62               0.53           1.01
and             379.47    382.00          2.53               2.15           0.63
EZ-21-18        299.50    299.90          0.40               0.34           1.53
EZ-21-19        127.50    128.00          0.50               0.43           4.52
and             129.00    130.50          1.50               1.28           4.25
and             167.80    168.70          0.90               0.76           4.50
and             351.80    354.90          3.10               2.63           0.34

* True thickness is estimated using a multiplier of 0.85.

We seek Safe Harbor.

© 2022 Canjex Publishing Ltd. All rights reserved.