- Tempus Resources (TMRR) released assay results for seven drill holes completed at the Elizabeth Gold Project
- All seven holes (EZ-22-04 to EZ-22-10) targeted the extension of the Blue Vein gold mineralization
- Drill-hole EZ-22-09 returned ‘bonanza’ grades, including the best intersection ever encountered at Elizabeth Gold Project
- Tempus Resources Ltd (TMRR) is up 30 per cent trading at $0.065 per share as of 12:45 p.m. ET
Tempus Resources (TMRR) released assay results for seven drill holes completed at the Elizabeth Gold Project.
All seven holes (EZ-22-04 to EZ-22-10) targeted the extension of the Blue Vein gold mineralization.
Drill-hole EZ-22-09 returned ‘bonanza’ grades, including the best intersection ever encountered at Elizabeth Gold Project, with high-grade assays over widths of up to 1.05 metres in multiple intersections. 310.72 g/t gold was recorded over 1.05 metres from 105.12 metres, including 1,572 g/t gold over 0.20 meters from 105.12 meters.
Drill-hole EZ-22-09 intersected the Blue Vein approximately 15 metres below EZ-22-03 (containing multiple high-grade zones 523 g/t over 0.42 metres, 32.7 g/t over 0.45 metres and 7.4 g/t over 1.73 metres) showing continuity of the high-grade zone vertically.
Thirty drill holes have been completed in this program since drilling commenced in late May, with 20 holes currently pending assay.
Tempus Resources, President and CEO Jason Bahnsen, commented that these assays confirm the presence of more high and bonanza grade gold in the Blue Vein.
“The visible gold observed in the core for drill-hole #9, as reported on 7 July, has assayed approximately 50oz of gold per tonne over 0.20 metres, our highest grade intersection from the project to date. This drill hole intersected the vein approximately 15 metres below the previously announced EZ-22-03 drill hole, showing vertical continuity of the high-grade zone. All seven drill holes reported today intersected the Blue Vein at multiple points, further supporting the model for stacked vein mineralization throughout the Blue Vein structure.”
The Blue Vein was discovered in late 2021 (EZ-21-12 including 1.0 metre at 33.7g/t gold), with assay results now received for 10 holes in 2022 plus 7 holes in 2021.
Tempus is a publicly traded gold exploration company with active projects in Canada and Ecuador. The company’s flagship project is the Blackdome-Elizabeth Project, a high-grade gold past-producing project in British Columbia.
Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated resource estimate.
Tempus Resources Ltd. (TMRR) is up 30 per cent trading at $0.065 per share as of 12:45 p.m. ET.
