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Tempus Resources reports visible gold in drill hole at Elizabeth Gold Project in Southern British Columbia with approximately 30 more holes planned

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Tempus Resources (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) reports visible gold in drill hole at Elizabeth Gold Project in Southern British Columbia with approximately 30 more holes planned. The company is preparing the core for shipment, with assays results from the first three holes expected to be received in approximately 1 to 2 weeks after delivery of the core.

Additional Information:

Company: Tempus Resources
Website: https://www.tempusresources.com.au/
Stock Symbol: TSXV:TMR
Date Published: Jun 20, 2022
Transcript: Available

Video Transcript:

Tempus Resources Ltd (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) has provided further information on the visible gold observed in a drill hole previously announced on June 14th.

Based in Perth, Australia, the company is focussed on its flagship Blackdome-Elizabeth Gold Project located in British Columbia.

The Elizabeth Zone is located approximately 200 km north of Vancouver and 35 km northeast of the past producing Bralorne Gold Mine, which produced 4.2 million ounces of gold at a grade of 17.7 g/t largely between 1928 and 1971.

The Blackdome Zone is located approximately 30 km north of the Elizabeth Zone.

The Blackdome Mill, which currently has a 200 to 300 tonne per day capacity, with gravity and flotation circuits in place, produced approximately 230,000 ounces of gold between 1986 and 1991, with an average head grade of 21.9 g/t.

As reported on June 14th, drill hole EZ-22-03, at the Elizabeth Gold Project, intersected two zones of quartz veining that show the presence of visible gold at a down-hole depth of approximately 96.9 to 97.3 metres with a second observation of visible gold around 124.0 to 124.1 metres.

Following the cutting of the core in preparation for assay, several more grains of visible gold have been observed on the inside of the cut core at the down-hole depth of approximately 96.9 to 97.3 metres.

Management cautions that it has not encountered any massive sulphide mineralisation in the drill hole and that observations of visible gold are not a substitute for lab analysis that will be required to confirm the visual interpretations.

The company is preparing the core for shipment, with assays results from the first three holes expected to be received in approximately 1 to 2 weeks after delivery of the core.

The Blue Vein was discovered in 2021 with a total of 7 holes intersecting the vein to date, including three holes with ‘bonanza' grade intersections, greater than 1oz per tonne.

High-grade gold mineralisation was identified over a strike length of greater than 80 metres in 2021, with hole EZ21-12 returning 33.7g/t gold over 1.0 metre.

Approximately fifteen holes have been planned this year to target the expansion of the Blue Vein high-grade gold mineralisation along strike and down dip.

The drilling will test the Blue Vein gold mineralisation over a total strike length of approximately 400 metres.

Addition drilling is also planned, with 10 holes planned to target the potential expansion of the Main and West Veins, and 3 holes planned to test the potential of the Ella Zone, and 2 to 5 holes planned to test for the discovery of other vein sets.

The shares are trading at $0.07.

For more information about the company, including its projects in Ecuador, please visit www.TempusResources.com.au, contact Melanie Ross, Director and Corporate Secretary in Australia, at +61 8 6188 8181.