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Tempus Resources Ltd
Symbol TMRR
Shares Issued 98,744,613
Close 2022-01-25 C$ 0.115
Recent Sedar Documents

Tempus drills 2.7 m of 13.4 g/t Au at Elizabeth

2022-01-27 07:22 ET - News Release

Mr. Jason Bahnsen reports

BLUE VEIN DISCOVERY EXPANDS WITH 2ND BONANZA GRADE GOLD HIT

Tempus Resources Ltd. has released four drill hole assay results from the phase 1 drill program at its Elizabeth-Blackdome gold project in Southern British Columbia. A total of 39 drill holes (9,826 metres) were completed in the phase 1 drill program, starting from November, 2020. In the 2021 drill season, 28 drill holes were completed totalling 7,820 metres and there were 11 drill holes completed in November and December, 2020, totalling 2,006 metres. Drill collar information can be seen in a table on the company's website.

Tempus president and chief executive officer Jason Bahnsen commented: "EZ-21-25 being reported today shows high-grade continuity of the newly discovered Blue vein, including a bonanza-grade subintersection. We're very excited to have this result approximately 40 metres along strike from the Blue vein discovery hole (EZ-21-12) that we announced four months ago, which was also bonanza grade. We are also delighted with the mineralized intersection in EZ-21-23, which continues to develop the mineralized package at the SW vein. We are now awaiting for assay results for five additional drill holes from the 2021 drilling program including two that targeted the Blue vein."

Blue vein drilling

The Blue vein was discovered with drill hole EZ-21-12 (announced Sept. 27, 2021), with an intersection of visible gold returning 33.7 grams per tonne gold over 1.0 metre from 117.8 metres.

The drill assay results released today include drill holes EZ-21-24 and EZ-21-25 targeting the Blue vein.

EZ-21-25 intersected a 2.70-metre quartz vein zone grading 13.4 grams per tonne gold from 111.00 metres, including 71.3 grams per tonne gold over 0.50 m from a drill depth of 111.50 metres. The EZ-21-25 result expands the known high-grade gold mineralization at Blue vein approximately 40 metres along strike from the discovery hole.

EZ-21-24 intersected the Blue vein structure at a drill depth of 139.8 metres and 181.7 metres with assays in the range of 0.58 to 0.84 gram per tonne gold.

The Blue vein is located approximately 150 metres to the northwest, near vertical in dip 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, two drill holes are pending assay results. The Blue vein structure has been intercepted to approximately 100 m depth and remains open along strike and down plunge.

SW vein drilling

The latest drill holes reported in the SW vein are from EZ-21-22 and EZ-21-23. These two drill holes are stepouts from the northern ore shoot and were successful in intersecting the SW vein in a previously undrilled zone of the SW vein and extending mineralization by approximately 80 m along strike to the northeast.

EZ-21-23 intersected a 4.10 m quartz vein zone 1.83 g/t gold from 145.0 m, including 4.98 g/t gold over 0.70 m from 147.50 m.

EZ-21-22 intersected a 1.15 m quartz vein zone from 175.55 m averaging 2.50 g/t gold.

Drilling at the SW vein is proving to be within a very consistent structure and has been successfully intersected in each of the drill holes targeting the SW vein. Tempus has drilled deeper at Elizabeth than any drilling in the past. The deep intersections of the SW vein are encouraging and geologically very significant as the vein continues at depth, so does the alteration and associated mineralization as is identified in other high-grade intercepts from the SW vein. This mineralization at depth is consistent with typical mesothermal/orogenic gold deposits, such as the Bralorne-Pioneer gold mine 30 km to the south of Elizabeth and is confirmed with the ICP-OES (inductively coupled plasma optical emission spectroscopy) assay analysis, which indicates elevated arsenic, antimony, silver and mercury when intersecting the SW vein at depth.

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 that range in true width from 0.5 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 south), which was mined to a depth of approximately 2,000 metres and produced more than four million ounces of gold over more than 70 years (from approximately 1900 to 1971).

This announcement has been authorised by the board of directors of Tempus Resources.

Competent person 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 that is relevant to the style of mineralization and type of deposit under consideration and to the activity that 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/JORC (Joint Ore Reserves Committee) resource estimate. The second key group of projects for Tempus is the Rio Zarza and Valle del Tigre projects located in southeastern Ecuador.

                             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
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

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

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
EZ-21-22           175.55      176.70          1.15               0.98           1.60
EZ-21-23           145.00      149.10          4.10               3.48           1.11
including          147.50      148.20          0.70               0.59           1.08
EZ-21-24           139.80      141.00          1.20               1.02           0.58
and                181.70      182.65          0.95               0.81           0.85
EZ-21-25           111.00      113.70          2.70               2.30           13.4
including          111.50      112.00          0.50               0.43           71.3

* True thickness is estimated using a multiplier of 0.85.
** No significant intervals.

We seek Safe Harbor.

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