PERTH, AUSTRALIA / ACCESSWIRE / June 13, 2022 / Tempus Resources Ltd ("Tempus" or "the Company") (ASX:TMR)(TSXV:TMRR)(OTC PINK:TMRFF) is pleased to provide an update on the drilling program at its Elizabeth Gold Project in Southern BC, Canada.
The 2022 drilling campaign began on May 31st at the down-dip extension of the Blue Vein. Three diamond drill holes have been completed to date, targeting the Blue Vein, for a total of 645 metres. Drill hole EZ-22-03, has intersected two zones of quartz veining that show the presence of visible gold ("VG"). Grains of visible gold have been observed in the uncut core at a down-hole depth around 96.9 to 97.3 metres and with a second observation of visible gold around 124.0 to 124.1 metres. In both cases the gold was observed in the quartz groundmass.
Tempus Resources CEO, Jason Bahnsen, commented "Drilling at Elizabeth is off to a great start this year. We have completed 3 drill holes targeting the southern extension of the Blue Vein. VG observed in drill hole EZ22-03 is an encouraging indicator that the Blue Vein structure and gold mineralization extends along strike to the south of last year's discovery drill hole (EZ21-12). The core from the first three drill holes is currently being cut with samples to be dispatched the lab this week."
Image 1. EZ-22-03. Blue Vein with visible gold. Elizabeth Gold Project
The Blue Vein was discovered in 2021 (EZ21-12 including 1.0m at 33.7g/t Au) with a total of 7 holes intersecting the vein to date (including three holes with ‘bonanza' grade intersections, i.e., greater than 1oz per tonne), high-grade gold mineralisation was identified over a strike length of over 80 metres in 2021. Approximately fifteen (15) holes have been planned this year to target the expansion of the Blue Vein high-grade gold mineralisation along strike and down dip. The drilling will test the Blue Vein gold mineralisation over a total strike length of approximately 300 metres and down to approximately 150 metres (see Figure 3).
The high-grade quartz veins encountered at Elizabeth in the 2020 and 2021 drilling show close geological similarities to the nearby Bralorne mesothermal vein system which has been mined to a depth of approximately 2,000 metres from surface and suggests there is strong potential to extend the mineralisation down plunge from the current deepest intersections that are approximately 200 metres below surface.
Tempus technical staff are in the process of logging and sampling the core in preparation for analysis at SGS laboratories in Vancouver, BC. Assay results will be reported as they are made available.
Figure 1 - Elizabeth Plan View Showing 2022 Drill Locations
Figure 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 mineralisation 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.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading "Risk and Uncertainties" in the Company's Management's Discussion & Analysis for the quarter and nine months ended March 31, 2022 dated May 16, 2022 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice.
Neither the ASX Exchange, the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tempus Resources Ltd.
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