Ms. Melanie Ross reports
UPDATE TO ELIZABETH BLUE VEIN DRILLING - VISIBLE GOLD OBSERVED
Tempus Resources Ltd. has provided a further update on the visible gold observed in drill hole EZ-22-03 at the Elizabeth gold project in Southern British Columbia, Canada.
As reported on 14 June 2022, drill hole EZ-22-03, intersected two zones of quartz veining that show the presence of visible gold ("VG") at a down-hole depth of approximately 96.9 to 97.3 metres and with a second observation of visible gold around 124.0 to 124.1 metres. See Image 1.
Following the cutting of the core in preparation for assay, several more grains of visible gold have been observed on the inside of the cut core at the down-hole depth of approximately 96.9 to 97.3 metres. See Image 2.
With reference to the AIG 2015 guidance for visual reporting of massive sulphide mineralisation, the Company reports it has not encountered any massive sulphide mineralisation in drill hole EZ-22-03. While it is not possible to accurately estimate the percentage of visual gold present though out the drill core, the Company suggests that the percentage would be less than the 0.01%. The Company cautions that visual observations of visible gold are not a proxy or substitute for laboratory analysis. Laboratory assays and analysis will be required to confirm the visual interpretations presented in this news release.
The core from the first three drill holes is being prepared for transport to SGS Laboratories in Vancouver, Canada for assay. Assay results will be released when received and are will be received in approximately 1 to 2 months from the time the core is received by the lab.
The Blue Vein was discovered in 2021 (EZ21-12 including 1.0m at 33.7g/t Au) with a total of 7 holes intersecting the vein to date (including three holes with bonanza-grade intersections, i.e., greater than 1oz per tonne), high-grade gold mineralisation was identified over a strike length of over 80 metres in 2021. Approximately fifteen (15) holes have been planned this year to target the expansion of the Blue Vein high-grade gold mineralisation along strike and down dip. The drilling will test the Blue Vein gold mineralisation over a total strike length of approximately 400 metres.
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 Engineers and Geoscientists British Columbia (EGBC), which is 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.
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 south east 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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