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Tempus Resources Ltd
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Tempus Resources begins drilling at Elizabeth

2022-05-31 09:24 ET - News Release

Mr. Jason Bahnsen reports


Drilling for Tempus Resources Ltd.'s 2022 exploration program has commenced at the Elizabeth gold project in Southern British Columbia, Canada.

The 2022 exploration program officially began on May 30, with the start of diamond drill hole EZ-22-01 that targets the extension to the high-grade Blue vein that was discovered last year.

President and chief executive officer Jason Bahnsen commented: "It is great to have the drills turning at Elizabeth again. The focus this season is the expansion of the high-grade Blue vein, as well as the extensions to the Main and West veins. The overall target of the program this year is to increase the historic resource at Elizabeth to support the development of a high-grade mine that will utilize the existing fully permitted mill infrastructure at Blackdome, approximately 30 kilometres to the north of the Elizabeth project. Tempus is planning to complete an updated NI 43-101 resource estimate for the Elizabeth project following the completion of the 2022 program."

The 2022 exploration program builds on the success of initial 39 drill holes (9,826 metres) of diamond core drilling completed by Tempus at the Elizabeth project since exploration began in November, 2020. For 2022, Tempus plans to drill up to 30 drill holes (approximately 8,500 metres) at Elizabeth. Key targets include:

  • Blue vein: The Blue vein was discovered in 2021 (EZ21-12 -- including one metre (m) at 33.7 grams per tonne (g/t) gold (Au)), with a total of seven holes intersecting the vein to date (including three holes with bonanza-grade intersections (greater than one ounce per tonne)), with high-grade gold mineralization identified over a strike length of over 80 metres:
    • Approximately 15 holes have been planned to target the expansion of the Blue vein high-grade gold mineralization along strike and depth. The drilling will test the Blue vein gold mineralization over a total strike length of approximately 300 metres and to a depth of approximately 150 metres.
    • Several of the Blue vein drill holes will be extended to intersect the SW vein at depth to test the continuation of high-grade gold below the depth of current drilling.
  • Main and West veins: The West and Main veins have minimal historic drilling and high-grade gold mineralization was identified in surface trenching completed in 2003 (West vein -- 55 g/t Au over 20 metres; and Main vein -- 14 g/t over 20 metres):
    • Approximately 10 holes have been planned to target the potential extension of the of the Main and West veins to the south of the surface trenching. Drilling will test the potential veins to a depth of approximately 200 metres.
  • Ella zone (identified by trenching completed in 2003): Tempus completed one drill hole in 2021 (EZ21-21 intersected one g/t gold mineralization over two metres within a four-metre vein system):
    • Three holes have been planned to test the Ella zone.
  • Exploration holes: An additional two to five holes have been planned to test for the discovery of additional vein sets:
    • There is potential for new vein discoveries northeast of the Blue vein and in the unexplored zone between the South West vein and the West vein.

See the March 29, 2022, announcement for full details on the planned exploration program at Elizabeth.

Competent persons statement

Information in this report relating to exploration results is based on information reviewed by Sonny Bernales, who is a member of the Engineers and Geoscientists British Columbia (EGBC), which is 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 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 past-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 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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