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Tempus Resources Ltd
Symbol TMRR
Shares Issued 98,744,613
Close 2022-02-07 C$ 0.10
Recent Sedar Documents

Tempus drills 1.4 m of 14.3 g/t Au at Elizabeth

2022-02-08 07:27 ET - News Release

Mr. Jason Bahnsen reports

ELIZABETH GOLD - MORE HIGH-GRADE GOLD IN BLUE VEIN ASSAYS

Tempus Resources Ltd. has released the final assay results from drilling completed at the Elizabeth gold project during 2021. The drill holes released in this announcement are EZ-21-20, EZ21-21, EZ -21-26, EZ-21-27 and EZ-21-28. Drill collar information can be seen on the company's website.

Tempus president and chief executive officer Jason Bahnsen commented: "These results from late 2021 drilling at Elizabeth gold project continue to extend the scope of the high-grade mineralized zone of the Blue vein. We now have a strike length of over 80 metres, established with multiple bonanza-grade results. The 2022 exploration drilling program at Elizabeth will focus further expansion of the Blue vein along strike and downdip."

Elizabeth gold project -- phase 1 drilling program

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 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 a period of more than 70 years (from approximately 1900 to 1971).

A total of 28 drill diamond core drill holes (approximately 7,820 metres) were completed at the Elizabeth gold project in 2021. Combined with drilling completed in 2020, Tempus has now completed 39 drill holes (approximately 9,826 metres) in total on the Elizabeth gold project.

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 gold). Apart from a few infill drill holes intended to convert inferred resources to the indicated category, the majority of the drill holes completed by Tempus to intersect the gold vein structures are outside of the 2009 resource block model.

Blue vein drilling

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. The Blue vein structure has been intercepted to approximately 100 m depth and remains open along strike and down dip.

The two drill holes released in this announcement (EZ-21-26 and EZ-21-27) intersected the Blue vein approximately 40 metres to the southwest of the Blue vein discovery hole, EZ-21-12:

  • Drill hole EZ-21-26 intersected 9.13 grams per tonne gold over 1.25 metres from 121.45 metres, including 45.1 g/t gold over 0.25 metre from 121.45 metres.
  • Drill hole EZ-21-27 intersected 14.3 g/t gold over 1.40 metres from 152.20 metres, including 19.2 g/t gold over 1.00 metre from 152.20 metres.

These latest results from the Blue vein are in addition to:

  • The Blue vein discovery drill hole EZ-21-12 with an intersection of visible gold returning 33.7 g/t gold over 1.0 metre from 117.8 metres (announced Sept. 27, 2021);
  • Drill hole EZ-21-25 with an intersection of quartz veining that assayed 13.4 g/t gold over 2.70 metres from 111.0 metres including 71.3 g/t gold over 0.50 metre from 111.50 metres.

The strike distance of high-grade results from the Blue vein between drill holes EZ-21-27 and EZ-21-25 is approximately 80 metres and encompasses the discovery hole EZ-21-12 and EZ-21-26. Assay grades for these for holes range from 9.13 g/t gold to 71.3 g/t gold over widths ranging from 0.50 m to 2.70 metres. These results show the continuity of the high grades within the Blue vein over a strike distance of more than 80 metres. The Blue vein structure has been identified over a total strike length of 380 metres.

Drilling in 2022 will focus on expanding the identified gold mineralization of the Blue vein along strike and at depth.

SW vein drilling

The final 2021 drill holes reported in the SW vein are from EZ2-21-20, EZ2-21-22 and EZ2-21-23. The later two 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 at 1.83 g/t gold from 145.00 m with an intersection of 4.98 g/t gold over 0.70 m from 147.50 m.
  • EZ-21-20 was a 200 m stepout to the southwest of previous Tempus drilling and did not intersect any significant gold values.

Drilling of the SW vein is showing a consistent structure. Tempus has drilled deeper at Elizabeth than any of the historic drilling completed on the project. The deep intersections of the SW vein are encouraging and geologically very significant as the vein continues at depth, as does the alteration and associated mineralization as 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.

Of interest is a distinctively different set of veining at Elizabeth that is anomalous in silver, lead and bismuth. This vein set tends to be more of a brecciated zone that is consistently intersected in nearly every hole on the project. These vein sets have been overlooked in the past as they are low in gold grades at high elevations; however, they may represent shallow mineralization of a separate mineralizing event at Elizabeth.

Significant intersections from the SW vein include:

  • EZ-21-04: 31.2 g/t gold over 4.00 m from 122.00 m, including:
    • 52.1 g/t gold over 1.50 m from 123.00 m and including:
      • 72.0 g/t gold over 0.50 m from 124.00 m;
  • EZ-20-06: 61.3 g/t gold over 5.0 m at from 116.5 m, including:
    • 186.0 g/t gold over 1.5 m from 118.0 m;
  • EZ-20-10: 28.1 g/t gold over 3.2 m from 184.0 m, including:
    • 178.0 g/t gold over 0.5 m from 184.5 m.

Other target veins

Drill hole EZ-21-21 was an exploration hole that followed up on quartz veining identified from 2003 trenching in the Ella zone. This is the first drill hole in this target and results are very encouraging. Assay results returned up to 1.03 g/t gold over 2.00 m from 184.00 m within a 4.0 m veining zone. The geochemistry supports a mesothermal-style mineralized vein with assay results returning highly anomalous arsenic and antimony. Tempus technical staff will continue to review these results.

The Elizabeth project is a multivein epithermal/orogenic system with historic bonanza-grade intercepts in drill core and surface trenching.

Historic trenching at Elizabeth on the West vein (above the West vein underground drift) in 2003 returned 55.1 g/t gold over a strike length of 20.00 m and 14.2 g/t gold over a strike length of 20.00 m and from the Main vein (above the Main vein underground drift). Historic 2003 trenching also exposed anomalous quartz vein mineralization in the Ella vein zone where Tempus targeted with EZ-21-21. Historic trenching results are historic in nature and are not compliant with National Instrument 43-101 standards and should not be relied upon. Historic results are used only as a reference.

The West, Main, Ella veins are largely underexplored and no drilling has been conducted to the southern extension. Drill hole EZ-21-05 intersected the West vein at 554.85 m downhole depth with mesothermal-type mineralization and anomalous gold. EZ-21-05 was a sizable about 450 m stepout to the southwest, along strike from any previous drilling on the West vein.

Tempus completed a high-resolution airborne geophysics survey in 2021 (see announcement on Aug. 13, 2021), which interpreted the Blue Creek porphyry intrusion, which hosts the high-grade gold mineralization at Elizabeth, likely covering an area greater than four times its previously known extent. This is a significant outcome for Tempus as it greatly expands the area of exploration with a higher probability of discovering new mineralized quartz veins.

Tempus will continue to evaluate the potential on these veins with drill testing in 2022.

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-21-20                                                                                 NSI**
EZ-21-21              184.00       186.00           2.00                 1.70             1.03
and                   263.45       264.30           0.85                 0.72             1.34
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
EZ-21-26              121.45       122.70           1.25                 1.06             9.13
including             121.45       121.70           0.25                 0.21             45.1
and                   159.06       160.25           1.19                 1.01             1.35
EZ-21-27              152.20       153.60           1.40                 1.19             12.1
including             152.20       153.20           1.00                 0.85             16.3
and                   157.00       157.40           0.40                 0.34             1.27
EZ-21-28              245.60       246.85           1.25                 1.06             0.67

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

We seek Safe Harbor.

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