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Tempus Resources Ltd
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Tempus Resources begins phase 2 exploration at Valle

2022-01-12 10:21 ET - News Release

Ms. Melanie Ross reports


Tempus Resources Ltd. has commenced the phase 2 exploration program at its Valle del Tigre project (VdT) located in southeastern Ecuador. The phase 2 program is a larger scale follow-up to the initial reconnaissance work conducted during February, 2021, where areas with anomalous gold and copper were discovered (see Tempus announcement dated March 25, 2021).

Phase 2 exploration will include a mobile metals ion (MMI) geochemistry sampling program over an area of focus of approximately 12.5 square kilometres, where approximately 1,100 MMI samples will be taken. Sample spacing is planned at 200 metres by 50 m. Where possible, stream sediment and grab samples will also be collected. The phase 2 program will overlap phase 1 and cover the airborne geophysics chargeability anomaly identified by Tempus in 2019 (see Tempus announcement dated Dec. 16, 2019). Trends identified by the geophysics coincide with known regional structures important to mineralization in the area. The geophysics highlights the north-northwest-to-south-southeast structure bound by northeast-to-southwest structures at VdT, which is similar to the controlling structures present at Fruta del Norte.

Results from the initial phase 1 sampling program confirmed the presence of gold and copper mineralization at Valle del Tigre. Mobile metal ion (MMI) analysis used for the soil samples successfully demonstrated trends of over two kilometres that are anomalous in gold and copper, bismuth, molybdenum and nickel. MMI analysis is proving to be very effective as a vectoring tool for gold, copper and other pathfinder elements in the Rio Zarza (RZ) and VdT area.

Tempus' president and chief executive officer, Jason Bahnsen, commented: "The phase 2 exploration program at Valle del Tigre will provide a comprehensive expansion of the survey of mineralized areas identified in 2021 soil sampling and 2019 geophysics. With the prolific mineralization in the region, we are looking for something of significant scale."

The Valle del Tigre project is an early-stage, exploration project in the highly prospective Cordillera del Condor mineral belt of southeast Ecuador. VdT's licence boundary is situated approximately 2.5 km northwest of Lundin Mining's Fruta del Norte (FdN), epithermal gold-silver mine and approximately 15 km southwest of the Mirador copper-gold porphyry deposit, owned by CRCC-Tongguan Investment Co. The property is underlain by the same sedimentary and volcanic rock formations and lies within the same rift faulting corridor as Fruta del Norte and the Jurassic mineral belt.

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 it appears.

About Tempus Resources Ltd.

Tempus Resources is a growth-orientated gold exploration company listed on the Australian Stock Exchange and TSX Venture Exchange and OTCQB market. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Elizabeth-Blackdome project, a high-grade gold past-producing project located in Southern British Columbia. Tempus is currently mid-way through a drill program at Elizabeth-Blackdome that will form the basis of an updated NI 43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.

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