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Tempus Resources Ltd
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Tempus drills 2.3 m of 11.75 g/t Au at Elizabeth

2022-09-22 13:27 ET - News Release

Mr. Jason Bahnsen reports


Tempus Resources Ltd. has released assay results for drill holes EZ-22-11, EZ-22-12 and EZ-22-13 completed at the Elizabeth gold project. All seven holes reported today targeted the extension of the Blue Vein gold mineralization.


  • Assay results have been received for drill holes EZ-22-11, EZ-22-12 and EZ-22-13 targeting the Blue Vein at the Elizabeth Gold Project - all three drill-holes intersected wide zones of quartz veining with gold mineralization
  • Drill-hole EZ-22-11 intersected multiple layered zones of quartz veining over approximately 96 metres from 102.50 metres to 193.82 metres that included a "Bonanza" grade intersection of:11.75g/t gold over 2.30 metres from 102.45 metres including85.20g/t gold over 0.30 meter from 103.15 meters
  • The results in EZ-22-11 extend the interpreted high and 'bonanza' grade strike length for Blue Vein by 80 metres to approximately 180 metres, comparing very favourably to the strike extent of the high-grade chutes on Southwest Vein of approximately 80 metres combined, which contained almost 70% of the historical mineral resource for Elizabeth
  • EZ-22-12 intersected multiple zones of quartz veining with anomalous gold mineralization over approximately 75 metres from 137.0 metres with more notable intersections that included 1.26 g/t gold over 1.68 metres from 137.65 metres
  • EZ-22-13 intersected multiple zones of quartz veining with a combination of anomalous and high-grade gold mineralization throughout
  • 1.62g/t gold over 0.25 metres from 108.50 metres, and
  • 1.03g/t gold over 0.27 metres from 111.00 metres, and
  • 15.30g/t gold over 0.11 metres from 112.34 meters, and1.49g/t gold over 0.18 metres from 196.42 metres, and
  • 1.95g/t gold over 0.17 metres from 215.83 metres
  • Based on the outstanding results received to date, Tempus has extended the 2022 drilling program and now expects to complete up to 40 drill-holes for approximately 2,000 extra metres (vs. 30-hole program originally announced in May)

Tempus Resources, President and CEO, Jason Bahnsen, commented "Today we announce results for three more drill holes from the Blue Vein. Each of the holes intersected wide zones of sheared quartz veining with individual high-grade intersections of up to 85g/t gold. The high-grade Blue Vein gold mineralization zone has now been extended to approximately 180 metres strike length with the overall thickness of the quartz vein structure increasing in apparent thickness as the drilling moves north east."

Drilling to date shows that the Blue Vein is not a single structure. Each of the drill-holes being reported today (EZ-22-11, EZ-22-12, EZ-22-13) successfully hit Blue Vein gold mineralization in multiple sub parallel closely spaced intersections continuing to demonstrate the potential for multiple stacked high-grade gold vein mineralization within a wider Blue Vein structure.

The Blue Vein was discovered in late-2021 (EZ-21-12 including 1.0m at 33.7g/t gold), with assay results now received for 13 holes in 2022 plus 7 holes in 2021 for a total of 20 drill-holes intersecting the Blue Vein to date (including seven holes with 'bonanza' grade intersections, i.e., greater than 1oz per tonne), high-grade gold mineralization has now been defined over a strike length of over 200 metres and a vertical distance of up to 15 metres, with a high and 'bonanza' grade chute interpreted over the first 180 metres of that strike length. The 2022 drilling program has been upsized and continues to test the Blue Vein structure over a total strike length of approximately 400 metres.

As of the date of this news release, Tempus has completed 30 drill holes for a total of 7,260 metres at the Elizabeth Project so far during the 2022 field season. Tempus is planning to continue drilling until the end of October, targeting an additional 10 drill holes (approximately 2,000 metres) to be completed this season. The drilling data from this season and the 2021 drill season (28 drill holes) will contribute to a new Mineral Resource estimate, which depending on the timing of assay receipts is expected to be complete around Q1 2023.

Figure 1 - Elizabeth plan view showing 2022 drill-hole locationsFigure 2 - Elizabeth Blue Vein long section (looking northwest)

This announcement has been authorised by the Board of Directors of Tempus Resources Limited.

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 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 NI43-101. Mr. Bernales consents to the inclusion of the data in the form and context in which it appears.

For further information:

TEMPUS RESOURCES LTD Melanie Ross - Director/Company Secretary Phone: +61 8 6188 8181

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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