Fri, 07 Oct 2022

PERTH, AUSTRALIA / ACCESSWIRE / September 22, 2022 / Tempus Resources Ltd ('Tempus' or 'the Company') (ASX:TMR)(TSXV:TMRR)(OTC:TMRFF) is pleased to announce assay results for drill-holes EZ-22-11, EZ-22-12, and EZ-22-13 completed at the Elizabeth Gold Project. All seven holes reported today targeted the extension of the Blue Vein gold mineralisation.

HIGHLIGHTS

  • Assay results have been received for drill holes EZ-22-11, EZ-22-12 and EZ-22-13 targeting the Blue Vein at the Elizabeth Gold Project - all three drill-holes intersected wide zones of quartz veining with gold mineralisation
  • Drill-hole EZ-22-11 intersected multiple layered zones of quartz veining over approximately 96 metres from 102.50 metres to 193.82 metres that included a 'Bonanza' grade intersection of:
    • 11.75g/t gold over 2.30 metres from 102.45 metres including
      • 85.20g/t gold over 0.30 meter from 103.15 meters
  • The results in EZ-22-11 extend the interpreted high and ‘bonanza' grade strike length for Blue Vein by 80 metres to approximately 180 metres, comparing very favourably to the strike extent of the high-grade chutes on Southwest Vein of approximately 80 metres combined, which contained almost 70% of the historical mineral resource for Elizabeth
  • EZ-22-12 intersected multiple zones of quartz veining with anomalous gold mineralisation over approximately 75 metres from 137.0 metres with more notable intersections that included 1.26 g/t gold over 1.68 metres from 137.65 metres
  • EZ-22-13 intersected multiple zones of quartz veining with a combination of anomalous and high-grade gold mineralisation throughout
    • 1.62g/t gold over 0.25 metres from 108.50 metres, and
    • 1.03g/t gold over 0.27 metres from 111.00 metres, and
    • 15.30g/t gold over 0.11 metres from 112.34 meters, and
    • 1.49g/t gold over 0.18 metres from 196.42 metres, and
    • 1.95g/t gold over 0.17 metres from 215.83 metres
  • Based on the outstanding results received to date, Tempus has extended the 2022 drilling program and now expects to complete up to 40 drill-holes for approximately 2,000 extra metres (vs. 30-hole program originally announced in May)

Tempus Resources, President and CEO, Jason Bahnsen, commented 'Today we announce results for three more drill holes from the Blue Vein. Each of the holes intersected wide zones of sheared quartz veining with individual high-grade intersections of up to 85g/t gold. The high-grade Blue Vein gold mineralisation zone has now been extended to approximately 180 metres strike length with the overall thickness of the quartz vein structure increasing in apparent thickness as the drilling moves north east.'

Drilling to date shows that the Blue Vein is not a single structure. Each of the drill-holes being reported today (EZ-22-11, EZ-22-12, EZ-22-13) successfully hit Blue Vein gold mineralisation in multiple sub parallel closely spaced intersections continuing to demonstrate the potential for multiple stacked high-grade gold vein mineralisation within a wider Blue Vein structure.

The Blue Vein was discovered in late-2021 (EZ-21-12 including 1.0m at 33.7g/t gold), with assay results now received for 13 holes in 2022 plus 7 holes in 2021 for a total of 20 drill-holes intersecting the Blue Vein to date (including seven holes with ‘bonanza' grade intersections, i.e., greater than 1oz per tonne), high-grade gold mineralisation has now been defined over a strike length of over 200 metres and a vertical distance of up to 15 metres, with a high and ‘bonanza' grade chute interpreted over the first 180 metres of that strike length. The 2022 drilling program has been upsized and continues to test the Blue Vein structure over a total strike length of approximately 400 metres.

Table 1 -Elizabeth Blue Vein EZ-22-11 to EZ-22-13 Significant Intersections

*true thickness is estimated using a multiplier of 0.85.
**The Company considers anything over 0.2 g/t gold as significant.

As of the date of this news release, Tempus has completed 30 drill holes for a total of 7,260 metres at the Elizabeth Project so far during the 2022 field season. Tempus is planning to continue drilling until the end of October, targeting an additional 10 drill holes (approximately 2,000 metres) to be completed this season. The drilling data from this season and the 2021 drill season (28 drill holes) will contribute to a new Mineral Resource estimate, which depending on the timing of assay receipts is expected to be complete around Q1 2023.

Figure 1 - Elizabeth plan view showing 2022 drill-hole locations

Tempus Resources Ltd, Thursday, September 22, 2022, Press release picture

Figure 2 - Elizabeth Blue Vein long section (looking northwest)

Tempus Resources Ltd, Thursday, September 22, 2022, Press release picture

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.

Appendix 1

Table 1:Drill Hole Collar Table

Table 1: Drill Hole Collar Table

Table 2: Significant Interval Table

*true thickness is estimated using a multiplier of 0.85. The Company considers anything over 0.2 g/t gold as significant. **no significant intervals

Appendix 2: The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of Exploration Results for the Elizabeth - Blackdome Gold Project

Section 1: Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

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

SOURCE: Tempus Resources Ltd



View source version on accesswire.com:
https://www.accesswire.com/717090/Tempus-Intersects-More-Bonanza-Grades-in-Elizabeth-Drill-Holes-11-12-and-13

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