- Tempus executes an Exploration Agreement with the Stswecem'c Xgat'tem First Nation for future exploration work at the Blackdome Gold Mine
PERTH, AUSTRALIA / ACCESSWIRE / March 23, 2022 / Tempus Resources Ltd ("Tempus" or the "Company") (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce the signing of a key exploration agreement with the Stswecem'c Xgat'tem First Nation ("SXFN") in relation to the Blackdome Gold Mine ( "Blackdome Mine"), in southwestern British Columbia, Canada (the "Exploration Agreement").
Tempus President and CEO, 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 km north northwest of Vancouver and 30 km north of Tempus' Elizabeth Project. The Blackdome Mine produced approximately 230,000 oz of gold at an average mill head grade of 22 grams gold per tonne during the period from 1985 to 1991 (see Figure 1).
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%) processing both Blackdome and Elizabeth mineralised material (see Tempus announcement 19 July 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 was restricted to the upper portion of the paleo epithermal system and there is strong potential for identifying additional mineralisation below historic mined stopes and to the west of known vein sets. (see Tempus announcement of 23 August 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 Nations 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 ongoing exploration program at the Elizabeth Gold Project.
Figure 1 - Location of Blackdome Gold Mine and Elizabeth Project
This announcement has been authorised by the Board of Directors of Tempus Resources Limited.
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Sonny Bernales, who is a Member of the Association of Engineers and Geoscientists of the Province of BC (EGBC), a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Bernales has sufficient experience which is relevant to the style of mineralisation 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 NI43-101. Mr. Bernales consents to the inclusion of the data in the form and context in which it appears.
For further information:
TEMPUS RESOURCES LTD
Melanie Ross - Director/Company Secretary Phone: +61 8 6188 8181
About the Stswecem'c Xgat'tem First Nation
Stswecem'c Xgat'tem is Secwepemc community located in a semi-remote area on the Fraser River, approximately 85 kilometers southwest of Williams Lake. There are currently 745 registered members with a shared vision of becoming an economically and politically self-sustaining community living Secwepemc culture, language and traditions in a healthy and safe environment.
About Tempus Resources Ltd
Tempus Resources Ltd ("Tempus") is a growth orientated gold exploration company listed on ASX ("TMR") and TSX.V ("TMRR") and OTCQB ("TMRFF") stock exchanges. 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 NI43-101/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.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading "Risk and Uncertainties" in the Company's Management's Discussion & Analysis for the quarter and half-year ended December 31, 2021 dated February 14, 2022 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tempus Resources Ltd
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