Metallic dosages increase Elizabeth Gold’s results

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STRONG POINTS

  • A 31% average increase in gold grades for previous high grade results which were analyzed using filtered metal analysis, more applicable for processing coarse gold
  • Bonanza grade interval of drill hole EZ-21-04 re-assayed at 68.3 g / t over 1.50 m from 123.00 m from the previously reported intersection of 52.1 g / t
  • Grade increases will be beneficial in the future preparation of the mineral resource estimate
  • Drilling continues at Elizabeth (34 drill holes for ~ 8,600 meters completed to date)

Tempus Resources Ltd (“Tempus” or the “Company”) (ASX: TMR) (TSX.V: TMRR) (OTCQB: TMRFF) is pleased to announce the results of the filtered metal analysis of selected intervals of recent Elizabeth Gold Project drill holes: EZ-21-01; EZ-21-04; EZ-21-05; EZ-21-06; EZ-21-07B; and EZ-21-08, where the results show an average increase in gold content of approximately 31% compared directly to the originally published assay results based on standard fire assay (see table 1

The filtered metal analysis was performed in consultation with the laboratory (SGS Canada Inc.) due to the observation that the Elizabeth gold mineralization includes grain gold and the analyzes performed using the Standard pyrotechnic analysis method may have under-represented the content, or otherwise less precise than those examined. metallic analysis due to the “nugget effect”. The re-assay of screened metals was considered particularly vital for testing the accuracy of the very high “bonanza quality” assays received to date.

The more precise filtered metal analysis resulted in a significant increase in analytical qualities. The best example is drill hole EZ-21-04 where 52.1 g / t gold over 1.50 m from 123.00 m was initially reported (see Tempus announcement of August 10 2021) and it is now confirmed that it is 68.3 g / t gold on the same interval. The base interval of EZ-21-04 is shown in Figure 1 (below). Table 1 (below) shows the filtered metal analysis results received to date for six holes (EZ-21-01; EZ-21-04; EZ-21-05; EZ-21-06; EZ- 21-07B; and EZ -21-08) against their previously reported standard pyrotechnic analyzes. The location of the relevant drill holes is shown in Figures 2 and 3 (below).

Tempus President and CEO Jason Bahnsen commented The results of the filtered metal analysis further push the “high quality” nature of Elizabeth’s story even further. We have several other sorted metal analysis results pending. Drilling is also continuing at the site and we are now focused on defining the potential new vein parallel to the southwest vein, identified with visible gold in the announced drill hole EZ-21-12. September 2nd. “

The values ​​received from the filtered metal analysis will replace the original analysis results and, based on the information obtained to date, should have a positive impact on the overall grade and scale when calculating an estimate. update of mineral resources. Tempus technical staff will continue to use filtered metal analysis on areas of quartz vein where higher gold grades are expected.

Figure 1 – EZ-21-04 drill core showing gold grades from a filtered metal analysis

Table 1: Comparison of gold contents between the results of standard pyrotechnic tests of metallic origin and those of origin.

The Elizabeth Gold Project is Tempus’ flagship project and is located in the Bralorne-Pioneer Gold District in southern British Columbia. The 115km 2 The Project is a relatively under-explored high-grade mesothermal gold project with mineralization occurring in sets of veins varying in actual width from 1 m to 6.5 meters. The high-grade quartz veins encountered in the Elizabeth borehole show close geological similarities to the Bralorne-Pioneer mesothermal vein system (approximately 30 km), which was mined to a depth of approximately 2,000 meters and produced more than 4 million ounces of gold over a period of more than 70 years (1900-1971 approximately).

To date, Tempus has completed approximately 8,600 meters of drilling (out of the total announced Phase 1 drilling program of 12,000 meters) since the start of the program in November 2020. In total, Tempus has completed 34 drill holes in diamond in Elizabeth (11 holes completed in 2020). , 23 holes completed in 2021 to date). Information on drill collars can be found in Appendix 1, Table 1. There are currently eleven drill holes awaiting assay results.

Figure 2 – Map of the Elizabeth drilling plan

Figure 3 – Cross section of Elizabeth

Declaration of competent persons

The information in this report regarding 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 professional organization recognized (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience that is relevant to the style of mineralization and type of deposit under study and the activity he undertakes to qualify as a Competent Person as defined by the 2012 edition of the Code. Australasian for the Disclosure of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI 43-101. M. Piepgrass consents to the inclusion of data in the form and context in which it appears.

For more information:

Tempus LTD Resources
Melanie Ross – Director / Corporate Secretary Telephone: +61 8 6188 8181

About Tempus Resources Ltd

Tempus Resources Ltd (“Tempus”) is a growth-oriented gold exploration company listed on the ASX (“TMR”) and TSX.V (“TMRR”) and OTCQB (“TMRFF”) stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. Tempus’ flagship project is the Blackdome-Elizabeth Project, a former high-grade gold production project located in southern British Columbia. Tempus is currently at the midpoint of a drilling program at Blackdome-Elizabeth which will form the basis of an updated NI43-101 / JORC resource estimate. The second group of key projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south-eastern Ecuador. The Rio Zarza project is adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently the subject of a sampling program to develop anomalies identified by geophysical work.

Forward-looking information and statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking information and forward-looking statements are not representative of historical facts or information or the current situation, but represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside the control of Tempus. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is expected”, “budget” , “Expected”, “believes”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will continue”, “will take place” or “will be achieved”. Forward-looking information and forward-looking statements contained in this document may include, without limitation, the ability of Tempus to successfully achieve business objectives and expectations regarding 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 Tempus’ ability to control or predict, which may cause actual Tempus results, performance or achievements to differ materially from those expressed or implied and are prepared on the basis of assumptions regarding those risks, uncertainties and other factors set forth herein and the other risks and uncertainties disclosed on page 37 under the heading “Risks and uncertainties” in the Company’s management report for the quarter and year ended June 30, 2021 dated September 24, 2021 filed on SEDAR. If one or more of these risks, uncertainties or other factors materialize, or if the assumptions underlying the forward-looking information or statements prove to be incorrect, actual results may differ materially from those described in this document as intended, planned. , anticipated, raw, estimated or expected. Although Tempus believes that the assumptions and factors used in the preparation, and the expectations contained in, the forward-looking information and statements are reasonable, such information and statements should not be relied on unduly, and no assurance or guarantee can be given. given that these forward-looking information and statements prove to be correct, 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 in present, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or to persons acting on its behalf are expressly qualified in their entirety by this notice. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. .

Annex 1

Table 1: Drill hole collars table

Annex 2:

The following tables are provided to ensure compliance with the requirements of the JORC (2012) code for reporting exploration results for the Blackdome-Elizabeth gold project.

Section 1: Sampling techniques and data
(The criteria in this section apply to all subsequent sections.)

Section 2: Communication of exploration results
(The criteria listed in the previous section also apply to this section.)

THE SOURCE: Tempus SA resources

See the source version on accesswire.com:
https://www.accesswire.com/667516/Metallic-Assays-Increase-Elizabeth-Gold-Results


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