Tempus Resources Ltd ("Tempus" or the "Company") (ASX: TMR, TSX.V: TMRR, OTC: TMRFF) is pleased to announce the 2022 exploration plan for the Elizabeth Gold Project located in Southern British Columbia.


HIGHLIGHTS

  • 2022 drill program at Elizabeth to focus on expansion of Blue Vein as well as the development of other vein targets including the Main Vein, West Vein and Ella Zone
  • The 2022 drill program builds on the success of initial 39 drill-hole (9,826 metres) Phase 1 program completed by Tempus at the Elizabeth project since drilling began in November 2020
  • The 2022 program is planned to include approximately 30 drill-holes (for approximately 8,500 metres) including:
    • Blue Vein — the Blue Vein was discovered in 2021 (EZ21-12 including 1.0m at 33.7g/t Au) with a total of 7 holes intersecting the vein to date (including three holes with 'bonanza' grade intersections, i.e., greater than 1oz per tonne), high-grade gold mineralisation identified over a strike length of over 80 metres (see Figure 1 and Figure 3)
      • Approximately fifteen (15) holes have been planned to target the expansion of the Blue Vein high-grade gold mineralisation along strike and depth. The drilling will test the Blue Vein gold mineralisation over a total strike length of approximately 300 metres and to a depth of approximately 150 metres
    • Main and West Veins — the West and Main Veins have minimal historic drilling and high-grade gold mineralisation was identified in surface trenching completed in 2003 (West Vein 55g/t Au over 20 metres and Main Vein 140 over 20 metres)
      • Approximately ten (10) holes have been planned to target the potential extension of the of the Main and West Veins to the south of the surface trenching (see Figure 4 and Figure 5). Drilling will test the potential veins to a depth of approximately 200 metres
    • Ella Zone — identified by trenching completed in 2003, Tempus completed one drill hole in 2021 (EZ21-21 with intersected lg/t gold mineralisation over 2 metres within a 4 metre vein system)
      • Three (3) holes have been planned to test the potential of the Ella Zone
    • Exploration Holes — An additional 2 to 5 holes have been planned to test for the discovery of additional vein sets
      • Potential for new vein discoveries north east of the Blue Vein and in the unexplored zone between the South West Vein and the West Vein (see Figure 1)
  • Tempus targeting the completion of an updated NI43-101 Resource estimate for the Elizabeth project following the completion of the 2022 drill program

Tempus President and CEO, Jason Bahnsen, commented "The 2022 exploration program at Elizabeth will focus on further delineation of the new Blue Vein and the expansion of the overall mineralisation for the project in advance of preparing a resource estimate. We have executed a contract with our drilling contractor, Full Force Drilling, and we plan to begin mobilisation to site in May with drilling targeted to begin early June."

Elizabeth Gold Project — 2022 Exploration Program

The 2022 exploration program at Elizabeth will build on the success of the 2021 drill program and focus on expansion of the overall resource for the project.

A total of 28 drill diamond core drill holes (approximately 7,820 metres) were completed at the Elizabeth Gold Project in 2021. Combined with drilling completed in 2020, Tempus has now completed 39 drill holes (approximately 9,826 metres) in total on the Elizabeth Gold Project.

In 2022, Tempus is planning to complete an additional 25-30 diamond core drill holes (approximately 8,500 metres) at the Elizabeth Gold Project. The key target areas in the 2022 drill program include the Blue Vein, West and Main Veins, the Ella Zone.

The overall exploration drilling strategy for the Elizabeth Project is focused on increasing the size and confidence level of the historic inferred resource of approximately 206,139 ounces of contained gold (522,843 tonnes @ 12.26 g/t gold - SRK 2009). Apart from a few infill drill holes intended to convert inferred resources to the indicated category, the majority of the drill holes completed by Tempus to intersect the gold vein structures are outside of the 2009 resource block model.

The results of the 2022 drill program will contribute to the completion of an updated NI43-101 Resource estimate for the Elizabeth Project.

The Company is not currently planning to do any exploration field work at the Blackdome Gold Mine in 2022.

Click here for the full ASX Release

This article includes content from Tempus Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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