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Tempus Resources Ltd
Symbol TMRR
Shares Issued 135,592,569
Close 2022-09-16 C$ 0.05
Recent Sedar Documents

Tempus Res drills 0.2 m of 1,572 g/t Au at Elizabeth

2022-09-19 10:12 ET - News Release

Mr. Jason Bahnsen reports

TEMPUS INTERSECTS UP TO 1,572 G/T GOLD AT ELIZABETH PROJECT

Tempus Resources Ltd. has released assay results for drill holes EZ-22-04 to EZ-22-10, completed at the Elizabeth gold project in early June. All seven holes reported today targeted the extension of the Blue vein gold mineralization.

Highlights:

  • Assay results have been received for the next seven drill holes of the 2022 drilling campaign at the Elizabeth gold project (drill holes EZ-22-04 through EZ-22-10).
  • Drill hole EZ-22-09 returned bonanza grades, including the best intersection ever encountered at the Elizabeth gold project, with high-grade assays over widths of up to 1.05 metres in multiple intersections, including:
    • 310.72 grams per tonne gold over 1.05 metres from 105.12 metres, including:
      • 1,572 g/t gold over 0.2 metre from 105.12 metres.
  • Drill hole EZ-22-07 also returned a bonanza-grade intersection of 48.6 g/t gold over 0.23 m from 170.17 metres.
  • Drill hole EZ-22-09 intersected the Blue vein approximately 15 metres below previously reported hole EZ-22-03 (containing multiple high-grade zones, including 523 g/t over 0.42 m, 32.7 g/t over 0.45 m and 7.4 g/t over 1.73 m), showing continuity of the high-grade zone vertically.
  • All seven drill holes intersected Blue vein gold mineralization multiple times, demonstrating the potential for stacked, high-grade vein mineralization within the wider Blue vein structure.
  • These holes also confirm the known high grades and bonanza grades for the Blue vein along a strike length of 100 metres, comparing very favourably with the strike extent of the high-grade chutes on the southwest vein of approximately 80 metres combined, which contained almost 70 per cent of the historical mineral resource for Elizabeth.
  • Thirty drill holes have been completed under this program since drilling commenced in late May, with 20 holes currently pending assay.

Tempus Resources president and chief executive officer Jason Bahnsen commented: "Assays announced today confirm the presence of more high- and bonanza-grade gold in the Blue vein. The visible gold observed in the core for drill hole No. 9, as reported on July 7, has assayed approximately 50 ounces of gold per tonne over 0.2 m, our highest-grade intersection from the project to date. This drill hole intersected the vein approximately 15 metres below the previously announced EZ-22-03 drill hole, showing vertical continuity of the high-grade zone. All seven drill holes reported today intersected the Blue vein at multiple points, further supporting the model for stacked vein mineralization throughout the Blue vein structure."

Drilling to date shows that the Blue vein is not a single structure. Each of the drill holes being reported today (EZ-22-04 to EZ-22-10) successfully hit Blue vein gold mineralization in multiple subparallel, closely spaced intersections, demonstrating the potential for stacked, high-grade gold vein mineralization within a wider Blue vein structure.

The Blue vein was discovered in late 2021 (EZ-21-12, including one m at 33.7 g/t gold), with assay results now received for 10 holes in 2022 plus seven holes in 2021, for a total of 17 drill holes intersecting the Blue vein to date (including six holes with bonanza-grade intersections). High-grade gold mineralization has now been defined over a strike length of over 100 metres and a vertical distance of up to 15 metres. The 2022 drilling is testing the Blue vein structure over a total strike length of approximately 400 metres.

The location of the EZ-22-09 drill hole is approximately 15 metres vertically below previously reported drill hole EZ-22-03. The Blue vein intersection contained very-high-grade zones over widths of up to 1.7 metres in multiple intersections, including: 523 g/t gold over 0.42 m from 96.91 metres; 32.7 g/t gold over 0.45 m from 124.02 metres (including 133 g/t gold over 0.11 m from 124.02 metres); and 7.4 g/t gold over 1.73 metres from 164.41 metres (including 17.4 g/t gold over 0.73 m from 165.41 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 Engineers and Geoscientists British Columbia, which is a recognized professional organization, and an employee of Tempus Resources. Mr. Bernales has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration as well as to the activity that 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 Blackdome-Elizabeth project, a high-grade, past-producing gold 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 includes 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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