More High-Grade Gold Results from Tempus’ Elizabeth Project

- August 16th, 2021

Tempus Resources Ltd is pleased to announce assay results from the three remaining diamond drill-holes from the assay batch submitted to the SGS Canada Inc. lab in June, incorporating the first four holes drilled in the 2021 drilling program at Elizabeth Gold Project in Southern BC, Canada. Assays from the other hole of the batch, EZ-21-04 were reported on 10 August, including ‘bonanza’ grades HIGHLIGHTS Second …

Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce assay results from the three remaining diamond drill-holes (EZ-21-01, EZ-21-02 and EZ-21-03) from the assay batch submitted to the SGS Canada Inc. lab in June, incorporating the first four holes drilled in the 2021 drilling program at Elizabeth Gold Project in Southern BC, Canada. Assays from the other hole of the batch, EZ-21-04 were reported on 10 August, including ‘bonanza’ grades

HIGHLIGHTS

  • Second batch of assay results (holes EZ-21-01, EZ-21-02 and EZ-21-03) from ongoing 2021 drilling at Elizabeth return more high-grade gold results, including ‘bonanza’ grade sub-section
  • Significant mineralised intersections include:
    • EZ-21-02 – 6.60m at 8.40g/t gold from 102.40m, including;
      • 1.10m at 46.3g/t gold at 105.40m
    • EZ-21-03 – 6.40m at 7.22g/t gold from 88.60m, including;
      • 1.30m at 19.8g/t gold from 90.00m, and;
      • 0.50m at 3.15g/t gold at from 34.70m
    • EZ-21-01 – 1.80m at 6.37g/t gold from 94.80m, including;
      • 0.50m at 20.5g/t gold from 83.5m
  • 15 drill-holes completed so far at Elizabeth with multiple assays pending:
    • Assays for first four holes (including the three being reported today) are reported
    • Another ten holes are at the lab – four sent in July and six sent in last week
    • 15 th hole being logged and samples prepared for despatch to the lab in a subsequent sample batch
  • Diamond drilling continues to demonstrate the SW Vein extends down dip and along strike – all extensional holes drilled appear to intersect quartz vein

Tempus President and CEO, Jason Bahnsen, commented “Exploration drilling at Elizabeth is generating outstanding results. Out of the 15 drill-holes completed in 2021 to date, all have hit vein structures with intersections ranging from half a metre to over six metres in thickness, including all down-plunge and strike extensional holes. Assays for the first four holes are showing high grades of up to 70g/t gold and excellent continuity to the vein structure at depth and along strike in both directions. With these results, Tempus is on-track to prepare a ‘maiden’ modern NI43-101/JORC Mineral Resource estimate for the Elizabeth by year end.”

The first four holes drilled by Tempus in 2021 including the three being reported today were aimed to demonstrate grade and width continuity within the relatively shallow upper part of the northern ore-shoot of the SW Vein. Those holes were hugely successful. The three being reported today all report high-grade significant intersections, with one of the holes also including a ‘bonanza’ grade sub-section.

Significant mineralised intersections from the three drill-holes being reported in this announcement include:

  • EZ-21-02 – 6.60m at 8.40g/t gold from 102.40m, including;
    • 1.10m at 46.3g/t gold at 105.40m
  • EZ-21-03 – 6.40m at 7.22g/t gold from 88.60m, including;
    • 1.30m at 19.8g/t gold from 90.00m, and;
    • 0.50m at 3.15g/t gold at from 34.70m
  • EZ-21-01 – 1.80m at 6.37g/t gold from 94.80m, including;
    • 0.50m at 20.5g/t gold from 83.5m

Assays from the other hole of the first batch of four drill-holes, hole EZ-21-04, were received earlier and reported by the Company on 10 August, returning 4.00m at 31.2g/t gold including 1.50m at 52.1g/t gold and 0.50m at 72.0g/t gold ( see Tempus’ ASX release of 10 August 2021 and Appendix 1 for details ).

Current exploration drilling for the Elizabeth Gold Project is largely focused the SW Vein, which hosted approximately 70% of the historic inferred resource of 206,139 ounces of gold (522,843 tonnes at 12.26g/t gold – SRK 2009). The holes drilled to date have been designed to address two aims: (i) confirm and upgrade the geological confidence of zones included in the historical resource; and (ii) extend the known mineralisation along strike and down plunge. The first batch of four 2021 holes address the first aim well. However, the majority of 2020-2021 drill holes address the second aim.

To date, Tempus has completed approximately 6,000 metres of new drilling at Elizabeth (of the total announced Phase 1 program of 12,000 metres) since the program started in November 2020, including 15 drill-holes completed for approximately 4,000 metres since the program re-commenced in early-June 2021.

The current status of the 15 completed drill-holes in 2021 is that four have now been reported (including three in this release), two additional batches combining 10 holes are at the lab (four sent in July and six last week) and the 15 th hole is currently being logged with samples to be included in a subsequent batch for the lab.

Recently completed drill-holes EZ-21-05, EZ-21-06, EZ-21-07, EZ-21-09, EZ-21-10, EZ-21-11, EZ-21-12, EZ-21-14; and EZ-21-15 were planned to extend mineralisation beyond the zone covered by the historic resource down plunge and along strike. Where drilling is planned at approximately 50-metre centers along strike, and below the northern and southern mineralised chutes. The program will also include a series of upcoming holes that step down plunge another 50 metres. Importantly, every one of these drill-holes has so far intersected the SW Vein structure, with quartz vein intersections ranging from half a metre up to four metres . Tempus’ exploration team is impressed with the consistency shown by this.

Given the apparent success of the Phase 1 program to date at Elizabeth and the exciting results from the recent tenement-wide geophysical surveys ( see Tempus’ ASX release of 2 August 2021 ), Tempus has appointed respected Canadian mining contractor and EPCM company, JDS Energy & Mining Inc. (“ JDS “) to assist prepare a plan to re-open the Lower Portal at Elizabeth (see Figure 3 below), extend the existing drift by approximately 100 metres and then add an approximately 300 metre cross-cut drift at the end, running parallel to the SW Vein to facilitate drilling from underground. Once complete, the plan will be submitted to regulators for their approval. Drilling from underground will increase efficiency of drilling the down-plunge extension of the SW Vein but also greatly ease winter drilling plans.

The Elizabeth Gold Project is the flagship project for Tempus and is located in the Bralorne – Pioneer Gold District of southern British Columbia. The 115km 2 project is a relatively underexplored high-grade mesothermal gold project with mineralisation presenting itself in vein sets which range in true width from 1 m to 6.5 metres. The high-grade quartz veins encountered in the drilling at Elizabeth show close geological similarities to the Bralorne-Pioneer mesothermal vein system (approximately 30km away), which was mined to a depth of approximately 2,000 metres and produced more than 4 million ounces of gold over a period of more than 70 years (from approximately 1900 to 1971).

Figure 1 – The Elizabeth Project – Plan map of drilling

Figure 2 – Elizabeth Project – Long-section of the SW Vein

Figure 3 – Elizabeth Project section showing location of Lower Portal and proposed extension.

Competent Persons Statement

Information in this report relating to Exploration Results is based on information reviewed by Mr. Kevin Piepgrass, who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass 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. Piepgrass 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 Page | 4 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, 2021 dated May 14, 2021 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 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 .

Appendix 1

Table 1:Drill Hole CollarTable

UTM

UTM

Hole ID

Target

Easting (NAD83

Northing (NAD83

Elevation (m)

Length (m)

Azimuth

Dip

Z10)

Z10)

EZ-21-01

SW Vein

531203

5653771

2400

102

121

-52

EZ-21-02

SW Vein

531203

5653771

2400

132

146

-55

EZ-21-03

SW Vein

531203

5653771

2400

111

158

-47

EZ-21-04

SW Vein

531203

5653771

2400

135

168

-58

EZ-21-05

SW Vein

531078

5653776

2400

561

123

-48

EZ-21-06

SW Vein

531078

5653776

2400

226

110

-55

EZ-21-07

SW Vein

531203

5653771

2400

126

115

-75

EZ-21-07b

SW Vein

531203

5653771

2400

123

115

-75

EZ-21-08

SW Vein

531195

5653839

2427

231

115

-68

EZ-21-09

SW Vein

531200

5654020

2330

360

120

-48

EZ-21-10

SW Vein

530953

5653772

2390

354

127

-50

EZ-21-11

SW Vein

530953

5653772

2390

381

136

-50

EZ-21-12

SW Vein

530953

5653772

2390

375

105

-45

EZ-21-13

SW Vein

530919

5653596

2300

261

94

-45

EZ-21-14

SW Vein

530919

5653596

2300

261

108

-55

EZ-21-15

SW Vein

530919

5653596

2300

ongoing

100

-55

Table 2: Significant Interval Table

Hole ID

From (m)

To (m)

Interval (m)

True Thickness (m)

Gold Grade

Grade x Metres

Vein

EZ-21-01

94.80

96.60

1.80

1.53

6.37

11.47

SW Vein

and

83.50

84.00

0.50

0.43

20.50

10.25

SW Vein

EZ-21-02

102.40

109.00

6.60

5.61

8.40

55.44

SW Vein

including

105.40

106.50

1.10

0.93

46.30

50.93

SW Vein

EZ-21-03

88.60

95.00

6.40

5.44

7.22

46.21

SW Vein

including

89.30

91.90

2.60

2.21

11.80

30.68

SW Vein

and

90.00

91.30

1.30

1.11

19.80

25.74

SW Vein

and

34.70

35.20

0.50

0.43

3.15

1.58

SW Vein

EZ-21-04

122.00

126.00

4.00

3.40

31.20

124.80

SW Vein

including

123.00

124.50

1.50

1.28

52.10

78.15

SW Vein

including

124.00

124.50

0.50

0.43

72.00

36.00

SW Vein

*true thickness is estimated using a multiplier of 0.85.

Appendix 2: The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the

reporting of Exploration Results for the Blackdome-Elizabeth Gold Project

Section 1: Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)

Criteria

JORC Code explanation

Commentary

Drill sample recovery

  • Method of recording and assessing core and chip sample recoveries and results assessed.
  • Measures taken to maximise sample recovery and ensure representative nature of the samples.
  • Whether a relationship exists between sample recovery and grade and whether sample bias may

have occurred due to preferential loss/gain of fine/coarse material.

  • Detailed calculation of recovery was recorded, with most holes achieving over95%
  • No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.

Logging

  • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
  • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
  • The total length and percentage of the relevant intersections logged.
  • Detailed geological and geotechnical logging was completed for each hole.
  • All core has been photographed.
  • Complete holes were logged.

Sub- sampling techniques and sample preparation

  • If core, whether cut or sawn and whether quarter, half or all core taken.
  • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
  • For all sample types, the nature, quality and appropriateness of the sample preparation technique.
  • Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.
  • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.
  • Whether sample sizes are appropriate to the grain size of the material being sampled.
  • Half core was sampled, using a core saw.
  • Duplicate samples of new and historical core are Quarter core or half core where not previously sampled
  • Sample sizes are considered appropriate for the grain size of the material being sampled.
  • It is expected that bulk sampling will be utilised as the project advances, to more accurately determine grade.

Quality of assay data and laboratory tests

  • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
  • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
  • Nature of quality control procedures adopted (eg standards, blanks,duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.
  • Core samples that have been sent to the lab for analysis include control samples(standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples.
  • In addition to the minimum rate of inserted control samples, a standard or a blank is inserted following a zone of mineralization or visible gold
  • Further duplicate samples were analysed to assess variability

Verification of sampling and assaying

  • The verification of significant intersections by either independent or alternative company personnel.
  • The use of twinned holes.
  • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
  • Discuss any adjustment to assay data.
  • Re-assaying of selected intervals of historic core have been sent for analysis.

Location of data points

  • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
  • Specification of the grid system used.
  • Quality and adequacy of topographic control.
  • All sampling points were surveyed using a hand held GPS.
  • UTM grid NAD83 Zone 10.
  • A more accurate survey pickup will be completed at the end of the program, to ensure data is appropriate for geological modelling and Resource Estimation.
  • Down hole surveys have been completed on all holes.

Data spacing and distribution

  • Data spacing for reporting of Exploration Results.
  • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
  • Whether sample compositing has been applied.
  • Most drilling is targeting verification and extension of known mineralisation.
  • It is expected that the data will be utilised in a preparation of a Mineral Resource statement.
  • Additional drilling is exploration beneath geochemical anomalies, and would require further delineation drilling to be incorporated in a Mineral Resource.
Orientation of data in relation to geological structure
  • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
  • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
  • In general, the aim was to drill perpendicular to the mineralised structures, to gain an estimate of the true thickness of the mineralised structures.
  • At several locations, a series (fan) of holes was drilled to help confirm the orientation of the mineralised structures and to keep land disturbance to a minimum.

Sample security

  • The measures taken to ensure sample security.
  • Samples from Elizabeth were delivered to the laboratory by a commercial transport service.

Audits or reviews

  • The results of any audits or reviews of sampling techniques and data.
  • An independent geological consultant has recently visited the site as part of preparing an updated NI43-101Technical Report for the Project.

Section 2: Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

  • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
  • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
  • The Blackdome-Elizabeth Project is comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases.
  • The Property is located in the Clinton and Lillooet Mining Divisions approximately 230 km NNE of Vancouver
  • Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement
    (refer to ASX announcement 15 December 2020)
  • A net smelter royalty of 3% NSR (1% purchasable) applies to several claims on the Elizabeth Property.
  • No royalties apply to the Blackdome Property or Elizabeth Regional Properties.

There are currently no known impediments to developing a project in this area, and all tenure is in good standing.

Exploration done by other parties

  • Acknowledgment and appraisal of exploration by other parties.
  • In the 1940s, placer gold was discovered in Fairless Creek west of Blackdome Summit.Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartz veins on the southwest slope of the mountain that resulted in the staking of mining claims in 1947. Empire Valley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basic surface work during the 1950s.
  • The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd. re-staked the area and performed surface work in addition to underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with various joint venture partners that resulted in a positive feasibility study. A 200 ton/day mill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991,having produced 225,000oz of Au and 547,000oz of Ag from 338,000tons of ore (Godard et al., 2010)
  • After a period of inactivity, Claimstaker Resources Ltd. took over the project, reopening the mine in late 1998.
  • Mining operations lasted six months and ended in May of 1999. During this period, 6,547 oz of Au and 17,300 oz of Ag were produced from 21,268 tons of ore. Further exploration programs were continued by Claimstaker over the following years and a Japanese joint venture partner was brought onboard that prompted a name change to J-Pacific Gold Inc. This partnership was terminated by 2010, resulting in another name change to Sona Resources Corp.
  • Gold-bearing quartz veins were discovered near Blue Creek in 1934, and in 1940-1941 the Elizabeth No. 1-4 claims were staked.
  • Bralorne Mines Ltd. optioned the property in 1941 and during the period 1948-1949, explored the presently-named Main and West Veins by about 700 metres of cross-cutting and drifting, as well as about 110 metres of raises.
  • After acquiring the Elizabeth Gold Project in 2002, J- Pacific (now Sona) has conducted a series of exploration programs that included diamond drilling 66 holes totalling8962.8 metres (up until 2009) Other exploration work by Sona at the Elizabeth Gold Project has included two soil grid, stream sediment sampling, geological mapping and sampling,underground rehabilitation, structural mapping and airborne photography and topographic base map generation.
Geology
  • Deposit type, geological setting and style of mineralisation.
  • The Blackdome property is situated in a region underlain by rocks of Triassic to Tertiary age. Sedimentary and igneous rocks of the Triassic Pavilion Group occurring along the Fraser River represent the oldest rocks in the region. A large, Triassic age, ultramafic complex (Shulaps Complex)was emplaced along the Yalakom fault; a regional scale structure located some 30 kilometres south of the property. Sediments and volcanics of the Cretaceous Jackass Mountain Group and Spences Bridge/Kingsvale Formations overlie the Triassic assemblages. Some of these rocks occur several kilometres south of Blackdome.
  • Overlying the Cretaceous rocks are volcanics and minor sediments of Eocene age. These rocks underlie much of Blackdome and are correlated with the Kamloops Group seen in the Ashcroft and Nicola regions. Geochemical studies (Vivian, 1988) have shown these rocks to be derived from a “calc-alkaline” magma in a volcanic arc type tectonic setting. Eocene age granitic intrusions at Poison Mountain some 22 kilometres southwest of Blackdome are host to a gold bearing porphyry copper/molybdenum deposit.It is speculated that this or related intrusions could reflect the source magmas of the volcanic rocks seen at Blackdome. There is some documented evidence of young granitic rocks several kilometres south of the mine near Lone Cabin Creek. The youngest rocks present are Oligocene to Miocene basalts of the Chilcotin Group. These are exposed on the uppermost slopes of Blackdome Mountain and Red Mountain to the south.
  • Transecting the property in a NE-SW strike direction are a series of faults that range from vertical to moderately westerly dipping. These faults are the principal host structures for Au- Ag mineralisation. The faults anastomose, and form sygmoidal loops.
  • The area in which the Elizabeth Gold Project is situated is underlain by Late Paleozoic to Mesozoic rock assemblages that are juxtaposed across a complex system of faults mainly of Cretaceous and Tertiary age. These Paleozoic to Mesozoic-age rocks are intruded by Cretaceous and Tertiary-age stocks and dykes of mainly felsic to intermediate composition, and are locally overlain by Paleogene volcanic and sedimentary rocks. The Elizabeth Gold Project is partly underlain by ultramafic rocks of the Shulaps Ultramafic Complex, which include harzburgite, serpentinite and their alteration product listwanite.
  • The gold mineralisation found on the Elizabeth Gold Project present characteristics typical of epigenetic mesothermal gold deposits.The auriferous quartz vein mineralisation is analogous to that found in the Bralorne- Pioneerdeposits. Gold mineralisation is hosted by a series of northeast trending, steeply northwest dipping veins that crosscut the Blue Creek porphyry intrusion. The Main and West vein systems display mesothermal textures,including ribboned-laminated veins and comprehensive wall rock breccias. Vein formation and gold mineralisation were associated with extensional- brittle faulting believed to be contemporaneous with mid- Eocene extensional faulting along the Marshall Creek, Mission Ridge and Quartz Mountain faults.

Drill hole Information

  • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
    • easting and northing of the drill hole collar
    • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
    • dip and azimuth of the hole
    • down hole length and interception depth
    • hole length.
  • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.
  • Refer to Appendix 1 for drillhole collar information

Data aggregation methods

  • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades)and cut-off grades are usually Material and should be stated.
  • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results,the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
  • The assumptions used for any reporting of metal equivalent values should be clearly stated.
  • Intervals reported using several samples are calculated using a weighted average.
  • Calculated intervals using a weighted average did not use a top cut on high-grade samples.High-grade samples are reported as ‘including’
  • Calculated weighted average intervals are continuous intervals of a mineralized zone and do not include unsampled intervals or unmineralized intervals.

Relationship between mineralisation widths and intercept lengths

  • These relationships are particularly important in the reporting of Exploration Results.
  • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
  • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length,true width not known’).
  • In general,drilling is designed to intersect the mineralized zone at a normal angle,but this is not always possible.
  • For the reported intervals, true widths are reported where mineralized core was intact and possible to measure the orientation. Otherwise the true width is left blank

Diagrams

  • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
  • Refer to maps within announcement for drill hole locations.

Balanced reporting

  • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
Where broader low-grade intervals are reported the high-grade intercepts are reported as ‘including’ within the reported interval

Other substantive exploration data

  • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
  • Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones.
  • The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling.
  • The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored / mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2.
  • This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep

Further work

  • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large- scale step-out drilling).
  • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.
  • Tempus plans to update historical NI43-101foreign resource estimates to current NI43-101and JORC 2012 standards
  • Tempus is also seeking to expand the scale of the mineralisation at the project through further exploration.

SOURCE: Tempus Resources Ltd

View source version on accesswire.com:
https://www.accesswire.com/659860/More-High-Grade-Gold-Results-from-Tempus-Elizabeth-Project

News Provided by ACCESSWIRE via QuoteMedia

Get the latest Australia Investing stock information

Get the latest information about companies associated with Australia Investing Delivered directly to your inbox.

Australia Investing

Select None
Select All

Leave a Reply