07:52:23 EST Wed 07 Dec 2022
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Tempus Resources Ltd
Symbol TMRR
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Close 2022-06-13 C$ 0.06
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Tempus Resources finds visible gold at Elizabeth

2022-06-13 18:54 ET - News Release

Mr. Jason Bahnsen reports


Tempus Resources Ltd. has provided an update on the drilling program at its Elizabeth gold project in Southern British Columbia, Canada.

The 2022 drilling campaign began on May 31 at the downdip extension of the Blue vein. Three diamond drill holes have been completed to date, targeting the Blue vein, for a total of 645 metres. Drill hole EZ-22-03 has intersected two zones of quartz veining that show the presence of visible gold (VG). Grains of visible gold have been observed in the uncut core at a downhole depth around 96.9 to 97.3 metres, with a second observation of visible gold around 124.0 to 124.1 metres. In both cases, the gold was observed in the quartz ground mass.

Tempus Resources chief executive officer Jason Bahnsen commented: "Drilling at Elizabeth is off to a great start this year. We have completed three drill holes, targeting the southern extension of the Blue vein. VG observed in drill hole EZ22-03 is an encouraging indicator that the Blue vein structure and gold mineralization extends along strike to the south of last year's discovery drill hole, EZ21-12. The core from the first three drill holes is currently being cut with samples to be dispatched to the lab this week."

The Blue vein was discovered in 2021 (EZ21-12 including 1.0 metre at 33.7 grams per tonne gold) with a total of seven holes intersecting the vein to date (including three holes with bonanza grade intersections -- that is, greater than one ounce per tonne), and high-grade gold mineralization was identified over a strike length of over 80 metres in 2021. Approximately 15 holes have been planned this year to target the expansion of the Blue vein high-grade gold mineralization along strike and downdip. The drilling will test the Blue vein gold mineralization over a total strike length of approximately 300 metres and down to approximately 150 metres.

The high-grade quartz veins encountered at Elizabeth in the 2020 and 2021 drilling show close geological similarities to the nearby Bralorne mesothermal vein system, which has been mined to a depth of approximately 2,000 metres from surface and suggests there is strong potential to extend the mineralization down plunge from the current deepest intersections that are approximately 200 metres below surface.

Tempus Resources technical staff is in the process of logging and sampling the core in preparation for analysis at SGS laboratories in Vancouver, B.C. Assay results will be reported as they are made available.

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 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-oriented gold exploration company listed on the Australian Securities Exchange (TMR), the TSX Venture Exchange (TMRR) and the OTCQB (TMRFF). Tempus Resources is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus Resources is the Blackdome-Elizabeth project, a high-grade-gold past-producing project located in Southern British Columbia. Tempus Resources is currently midway through a drill program at Blackdome-Elizabeth 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 Resources is 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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