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Tempus Resources Ltd
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Close 2022-03-22 C$ 0.09
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Tempus signs exploration deal with Stswecem'c Xgat'tem

2022-03-23 11:07 ET - News Release

Mr. Jason Bahnsen reports


Tempus Resources Ltd. has signed a key exploration agreement with the Stswecem'c Xgat'tem First Nation (SXFN) in relation to the Blackdome gold mine in southwestern British Columbia, Canada.

Tempus president and chief executive officer Jason Bahnsen commented: "The recognition of the traditional territories and rights of first nations is paramount to the success of our mineral exploration projects. Tempus is delighted to have executed this important agreement that provides certainty for the company, and a variety of cultural heritage and environmental protections, as well as commercial benefits for the Stswecem'c Xgat'tem people."

The Blackdome gold mine is located within SXFN traditional territory approximately 230 kilometres north-northwest of Vancouver and 30 kilometres north of Tempus's Elizabeth project. The Blackdome mine produced approximately 230,000 ounces of gold at an average mill head grade of 22 grams gold per tonne during the period from 1985 to 1991.

The Blackdome gold mine includes a permitted 200-tonne-per-day process plant and associated tailings storage facility. A metallurgical review completed by Tempus has shown that the Blackdome process plant will achieve high recoveries (up to approximately 95 per cent) processing both Blackdome and Elizabeth mineralized material (see Tempus announcement July 19, 2021, for further information).

In 2020, Tempus completed an initial 5,000-metre exploration drilling program at the Blackdome mine. An alteration study completed in August, 2021, has indicated that historical mining and previous exploration drilling were restricted to the upper portion of the paleo epithermal system, and there is strong potential for identifying additional mineralization below historic mined stopes and to the west of known vein sets (see Tempus announcement of Aug. 23, 2021, for further details).

Tempus is planning on doing further exploration work at Blackdome. The exploration agreement executed by Tempus and SXFN will ensure that all exploration activities at Blackdome are conducted for the mutual benefit of the Stswecem'c Xgat'tem First Nation and Tempus shareholders, while recognizing the importance of the environment and cultural heritage within the Stswecem'c Xgat'tem traditional territory. The exploration agreement includes business, employment and training opportunities for Stswecem'c Xgat'tem members.

In 2020, Tempus executed an exploration agreement with the Xwisten First Nation in relation to the continuing exploration program at the Elizabeth gold project.

Competent person statement

Information in this report relating to exploration results is based on information reviewed by Sonny Bernales, who is a member of the Association of Engineers and Geoscientists of the Province of B.C. (EGBC), a recognized professional organization (RPO), and an employee of Tempus Resources. Mr. Bernales 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. Bernales consents to the inclusion of the datum 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 Securities Exchange (TMR), TSX Venture Exchange (TMRR) and OTCQB (TMRFF). Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth project, a high-grade gold past-producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated National Instrument 43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in southeast 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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