ASX:TMR

Further Drill Results Highlight Blue Vein Potential

Tempus Resources Ltd ("Tempus" or the "Company") (ASX: TMR, TSX.V: TMRR, OTC: TMRFF) is pleased to announce further assay results from drill-holes from its Elizabeth Gold Project in British Columbia, Canada. Drill holes being reported in this release are EZ-21-15, EZ-21-16, EZ-21-17, EZ-21- 18, and EZ-21-19. The drill holes targeted the SW Vein at a vertical depth below 200 metres and the Blue Vein (EZ-21-19).

HIGHLIGHTS

  • Assays received for the first follow-up drill-hole on the Blue Vein (drill-hole EZ-21-19) in the vicinity of the' bonanza' grade discovery hole(drill-holeEZ-21-12, announced on 21 October) demonstrate high grade mineralisation continues downdip.
  • Multiple high grade intersections were encountered in drill-holeEZ-21-19:
    • 0.50m at 4.52g/t Au from 127.50m;
    • 1.50m at 4.25g/t Au from 129.00m; and
    • 0.90m at 6.14g/t Au from 167.80m
  • Assay results have now been received for three drill holes that intersected the Blue Vein located approximately 150 metres NW of the SW Vein (EZ-21-09, EZ-21-12, EZ-21- 19). The results to date show continuity of the Blue Vein over a strike length of at least 380 metres and demonstrates continuity downdip.
  • The results from EZ-21-19 indicate the potential for the Blue Vein to be a source of new Mineral Resources at Elizabeth Gold Project.
  • More broadly, the discovery of the Blue Vein and continued success in demonstrating its mineralised content, highlight the potential for multiple vein sets at the Elizabeth Project. Multiple identified veins are yet to be drilled (No 9 Vein, Main Vein and West Vein) and there's great potential for additional new veindiscoveries.
  • Tempus has suspended drilling at Elizabeth for the season, pending the approval of the Notice of Work amendment for extension of the Lower Portal adit access for underground drilling – A total of 28 drill-holes over approximately 7,740 metres were completed during 2021. Assays are pending for nine drill holes from the 2021 drill program, including four drill holes that intersected the Blue Vein (EZ-21-24, EZ-21-25, EZ-21-26, EZ-21-27), which are expected to be received in tranches over the next 12 weeks.

Tempus President and CEO, Jason Bahnsen commented:

"The assay results for drill hole EZ-21- 19 show continued high-grade gold mineralisation down dip of the previously reported 'bonanza' grade intersection at the newly discovered Blue Vein. Assays have now been received for three out of the seven drill holes that have intersected the Blue Vein. With the historic resource at Elizabeth largely centred on the SW Vein, the Blue Vein holds significant potential for expanding the current resource base for the project."

Click here for the full ASX Release

This article includes content from Tempus Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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