TEMPUS RESOURCES LTD.(“Tempus” or the “Firm”) (ASX:TMR,TSXV:TMRR,OTC:TMRFF) experiences on its actions for the Quarter ended 30 September 2021 (the “Quarter”), largely targeted on advancing the Elizabeth – Blackdome Gold Undertaking in British Columbia, Canada. HIGHLIGHTS: 17 core drill holes accomplished at Elizabeth in the course of the quarter for about 5,200 metres. Seen gold was recognized in 3 …
TEMPUS RESOURCES LTD.(“Tempus” or the “Firm”) (ASX:TMR,TSXV:TMRR,OTC:TMRFF) experiences on its actions for the Quarter ended 30 September 2021 (the “Quarter”), largely targeted on advancing the Elizabeth – Blackdome Gold Undertaking in British Columbia, Canada.
HIGHLIGHTS:
- 17 core drill holes accomplished at Elizabeth in the course of the quarter for about 5,200 metres. Seen gold was recognized in 3 holes (EZ21-02, EZ21-04, EZ21-12).
- Assays have been obtained for eight drill holes (Z21-01 to EZ21-08) with highlights together with
- EZ21-04 4.0m at 34.4g/t gold from 122.0m,together with
- 1.5 m at 68.3g/t gold from 123.0m, and:
- 0.5m at 87.3g/t gold from124.0m
- EZ21-02 6.6m at 8.4g/t gold from 102.4m, together with
- 1.1m at 46.3g/t gold from105.4m
- EZ21-03 6.4m at 7.2g/t gold from 88.6m, together with
- 2.6m at 11.8g/t gold from 89.3m, and
- 1.3m at 19.8g/t gold from90.0m
- EZ21-01 2.6m at 5.1g/t gold from 94.0m,together with
- 0.5m at 20.5*g/t gold from83.5m
- EZ21-07B 1.0m at 4.8g/t gold from 40.1m,together with
- 0.7m at 9.0g/t gold from51.5m
- EZ21-04 4.0m at 34.4g/t gold from 122.0m,together with
- A possible new gold vein, the “Blue Vein” was recognized 150m NW of the SW vein at Elizabeth when drill gap EZ21-12 intersected a 1.0m quartz vein containing seen gold from 118.5m inside a bigger noticed alteration and veining zone (assays pending)
- Impartial consolidated overview of earlier metallurgical check work at Elizabeth confirms high-grade gold mineralisation just isn’t refractory, could be processed utilising the prevailing Blackdome mill circuit with excessive recoveries of up to95%
- The primary ever high-resolution airborne magnetic geophysical survey at Elizabeth reveals the potential for a a lot bigger mineralisation system with quite a few extra targets recognized on the prevailing mineral claims.
- The corporate has filed an modification to the Discover of Work at Elizabeth to entry and lengthen the Decrease Portal adit for entry for underground drilling
- An alteration research accomplished on the Blackdome Gold Mine reveals that historic mining was carried out excessive within the epithermal gold system and robust potential exists for locating extra gold mineralisation beneath historic stopes and to the west of present recognized gold veins, Tempus is planning to finish additional drilling at Blackdome in2022
- The corporate accomplished a personal placement of roughly A$6.3 million and issuance of24.99 million shares at a median value of A0.251/share that may fund the present ongoing 12,000 metre drilling program at Elizabeth and exploration actions in Ecuador
ELIZABETH-BLACKDOME GOLD PROJECT (BRITISH COLUMBIA, CANADA – 100%)
The Elizabeth-Blackdome Gold Undertaking contains 315km2 (200km2 for Blackdome and 115km2 for Elizabeth) of mining and exploration licences in southern British Columbia, Canada. It features a 300 tonne per day permitted mill and tailings storage on the Blackdome Gold Mine, which traditionally produced roughly 230,000 ounces of gold. The Elizabeth Gold Undertaking hosts a deposit of high-grade mesothermal gold mineralisation presenting itself in comparatively huge (~1.5-5m) vein units. Elizabeth is comparatively underneath explored, with present mineralisation solely examined comparatively near the floor and open alongside strike and down plunge. The Elizabeth and Blackdome venture areas are related by licences overlaying a possible haul highway between the 2.
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