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Tempus Resources Ltd
Symbol TMRR
Shares Issued 98,744,613
Close 2022-07-07 C$ 0.05
Recent Sedar Documents

Tempus Resources identifies visible Au at Elizabeth

2022-07-07 09:50 ET - News Release

Mr. Jason Bahnsen reports

ELIZABETH BLUE VEIN DRILLING - MORE VISIBLE GOLD

Visible gold has been observed in diamond drill hole EZ-22-09 at Tempus Resources Ltd.'s Elizabeth gold project in Southern British Columbia, Canada.

Highlights

The 2022 drilling program at Elizabeth continues to show strength of the Blue vein:

  • Multiple flecks of visible gold observed in drill hole EZ-22-09 drill hole over a quartz vein of approximately one metre;
  • Approximately 2,200 metres of drilling completed over nine holes targeting the Blue vein since drilling commenced on May 30, with visible gold reported today in drill hole EZ-22-09 and previously in EZ-22-03;
  • Results are pending with assays for drill holes EZ-22-01 through EZ-22-03 expected shortly.

This is the second time during this 2022 drilling season that visible gold has been encountered within the Blue vein (see Tempus Resources' DDH EZ-22-03 announcement June 20, 2022).

DDH EZ-22-09 intersected the Blue vein structure from 105.17 to 106.21 (1.04 m zone) metres that shows the presence of visible gold (VG) within a three-centimetre quartz stringer, within the one-metre quartz vein structure. Grains of visible gold have been observed in the uncut core at the hangingwall side of the vein structure plus an additional grain of VG observed at 106 m.

Tempus Resources president and chief executive officer Jason Bahnsen commented: "Drilling at the Elizabeth project is off to a great start this season. We have now completed the first nine holes of the program that have been focused on extending the Blue vein gold mineralization. The repeated observation of visible gold in drill holes bodes well for assays, which are expected to be received within the next few weeks for the first few drill holes."

With reference to the AIG 2015 guidance for visual reporting of massive sulphide mineralization, the company reports it has not encountered any massive sulphide mineralization in drill hole EZ-22-09. While it is not possible to accurately estimate the percentage of visual gold present throughout the drill core, the company suggests that the percentage would be less than the 0.01 per cent. 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 Blue vein was discovered in 2021 (EZ-21-12 including one m at 33.7 grams per tonne Au) 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), 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 down dip. The 2022 drilling is testing Blue vein gold mineralization over a total strike length of approximately 400 metres.

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-orientated gold exploration company listed on the Australian Securities Exchange (TMR), the 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 NI 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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