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Tempus Resources Ltd
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Tempus Res drills 2.11 m of 86.99 g/t gold at Elizabeth

2022-11-10 11:31 ET - News Release

Mr. Jason Bahnsen reports


Tempus Resources Ltd. has released Elizabeth gold project assay results for the first hole drilled at the No. 9 vein (EZ-22-19) and for drill holes EZ-22-14 through EZ-22-16 that targeted the Blue vein.


  • Tempus' first drill-hole into No. 9 vein, EZ-22-19, hit bonanza grades, with intersections of two zones of quartz veining, including 87 g/t (grams per tonne) gold over 2.11 metres from 135.67 metres, which included a subsection grading 184.9 g/t gold over 0.7 metre from 136.79 metres.
  • Assay results have also been received for drill holes EZ-22-14 through EZ-22-16 targeting the Blue vein, with EZ-22-16 intersecting multiple zones of quartz veining with anomalous gold mineralization over approximately 155 metres from 80 metres, with more notable intersections including:
    • 1.96 g/t gold over 0.58 metre from 197.1 metres;
    • 0.76 g/t gold over 1.25 metre from 223.20 metres;
    • Including 1.58 g/t gold over 0.28 metre from 223.42 metres.
  • EZ-22-15 intersected multiple zones of quartz veining with anomalous gold mineralization over approximately 141 metres from 93 metres, with more notable results including:
    • 0.21 g/t gold over 1.07 metres from 128.11 metres;
    • 0.89 g/t gold over 0.46 metre from 146.00 metres;
    • Including 1.39 g/t gold over 0.29 metre from 146.00 metres;
    • 1.35 g/t gold over 0.55 metre from 186.30 metres;
    • 1.93 g/t gold over 0.23 metre from 224.55 metres.
  • Assays for 19 drill holes from the 2022 program at Elizabeth remain pending, including holes where visible gold has been reported.

Tempus Resources president and chief executive officer Jason Bahnsen commented: "EZ-22-19 as our first hole on No. 9 vein come in with a bonanza intersection of 87 g/t gold over 2.11 m. Other holes on No. 9 vein showed interesting structure, including the highly anticipated EZ-22-20, which contained visible gold over 26 metres of continuous quartz veining that we're still waiting for. Overall, No. 9 vein has joined the Blue vein as a priority target to continue to extend the known mineralized envelope at Elizabeth."

No. 9 vein

The No. 9 vein is a vein for which its northeastern extent was mapped and initially explored by an underground adit in the early 1940s and was subject to a limited amount of historic drilling in the 1980s.

During the 2022 drill program, Tempus completed 10 drill holes targeting potential No. 9 vein mineralization along strike of the historical works to the southwest. Several of the No. 9 vein drill holes intersected wide zones of quartz veining, including three drill holes reporting the presence of visible gold.

EZ-22-19 being reported today effectively confirms the discovery of a previously unknown high-grade southwestern extension of No. 9 vein. It intersected two zones of quartz veining, including a 2.11-metre zone containing visible gold occurrences from 135.67 metres with assays of 86.99 g/t gold over 2.11 metres from 136.11 metres (as being reported today) and a second zone of quartz veining over 0.5 metre from 162.92 metres.

Two other drill holes targeting the No. 9 vein with assays pending also encountered visible gold, including:

  • EZ-22-20 intersected multiple zones of quartz veining, including a 25.75-metre zone of sheeted quartz with multiple occurrences of visible gold from 94.8 metres and second zone of quartz veining over 2.25 metres from 206.45 metres. Assays remain pending for this exciting hole.
  • EZ-20-28, located approximately 100 metres along strike from EZ-22-19 and EZ-22-20, intersected quartz veining over approximately two metres from 117.50 metres containing multiple occurrences of visible gold. Assays remain pending.

Blue vein

Drill holes EZ-22-14, EZ-22-25 and EZ-22-16 reported in this release targeted the Blue vein. Drill holes 14 through 16 are located mid point between two high-grade shoots in the Blue vein. Assay results showed multiple zones of sheeted quartz with anomalous gold values in drill holes EZ-22-15 and EZ-22-16 over zones of over vertical 80 metres of continuous quartz veining.

In addition, visible gold has been observed in drill-hole EZ-22-36 drilled at the southern extension of the Blue vein. The grains of visible gold were observed within a narrow quartz vein of approximately 0.25 metre in thickness from a depth of 188.38 metres. This observation of visible gold extends the southern extension of the Blue vein by approximately 80 metres, bringing the total strike length of high-grade gold zones to approximately 300 metres.

This announcement has been authorised by the board of directors of Tempus Resources.

Competent persons 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); Mr. Bernales is 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 (NI) 43-101. Mr. Bernales consents to the inclusion of the data in the form and context in which it appears.

About Tempus Resources Ltd.

Tempus Resources is a growth oriented gold exploration company listed on the ASX (Australian Stock Exchange), TSX-V (TSX Venture Exchange) and OTCQB 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 NI 43-101/JORC (Joint Ore Reserves Committee) 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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