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Tempus Resources Ltd
Symbol TMRR
Shares Issued 135,592,569
Close 2022-09-23 C$ 0.05
Recent Sedar Documents

Tempus Resources drills more visible gold at Elizabeth

2022-09-26 08:40 ET - News Release

Mr. Jason Bahnsen reports

TEMPUS DRILLS MORE VISIBLE GOLD AT NO9 VEIN -- ELIZABETH PROJECT

Tempus Resources Ltd. has intersected quartz veining containing visible gold in drill hole EZ-22-28, targeting the No. 9 vein at the Elizabeth gold project in Southern British Columbia, Canada.

Highlights:

  • Drilling has identified visible gold in several locations in quartz veining over a length of approximately two metres in drill hole EZ-22-28.
  • Tempus has completed nine holes targeting the No. 9 vein, with visible gold identified in three holes (EZ-22-19, EZ-22-20 and EZ-22-28). Assays are pending.

Tempus Resources president and chief executive officer Jason Bahnsen commented: "We now have nine drill holes into the No. 9 vein, located 120 metres northwest of the Blue vein. This is the third drill hole reporting visible gold in the core. We are encouraged by the wide zones of mineralization we are seeing in the previously unexplored No. 9 vein. Assays are pending for all nine holes."

The No. 9 vein is a previously mapped vein located approximately 120 metres northwest of the Blue vein. Some limited exploration had been performed on the No. 9 vein in the 1940s and 1950s.

Diamond drill hole EZ-22-28

EZ-22-28 intersected the No. 9 vein approximately 100 m to the north of previously announced drill holes EZ-22-19 and EZ-22-20, which contained wide zones of quartz with visible gold.

EZ-22-28 intersected quartz veining over approximately two metres from 117.5 m depth that contained multiple specks of visible gold. Nine drill holes targeting the No. 9 vein have been completed. Visible gold has been reported in three of the nine drill holes completed to date. Assays are pending on all holes.

With reference to the AIG 2015 guidance for visual reporting of massive sulphide mineralization, the company has not encountered any massive sulphide mineralization in drill hole EZ-22-28. 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 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.

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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