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‘Bonanza’ Gold From Newly Discovered Vein at Elizabeth

PERTH, AUSTRALIA / ACCESSWIRE / October 26, 2021 / Tempus Resources Ltd (" Tempus " or the " Company ") (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to…

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PERTH, AUSTRALIA / ACCESSWIRE / October 26, 2021 / Tempus Resources Ltd (“ Tempus ” or the “ Company “) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce ‘bonanza’ grade gold assay results from the newly discovered Blue Vein from drill-hole EZ-21-12 with 33.7 grams per tonne gold over 1.0 metre from 117.8 metres and 26.4 g/t gold over 0.5m from 130.7 metres . Drill holes being reported in this release are EZ-21-09, EZ-21-10, EZ-21-11, EZ-21-12, EZ-21-13, and EZ-21-14 from the ongoing 2021 drilling program at its Elizabeth Gold Project in Southern BC, Canada.

HIGHLIGHTS

  • The newly discovered vein to the northwest of SW Vein, now named the “Blue Vein”, initially intersected by drill hole EZ-21-12 has now been extended with five additional intersections over an initial strike length of 380m with indicated vein structural widths ranging from 0.5 to 2.0 metres
  • Assays for Blue Vein discovery drill-hole, EZ-21-12, which include a ‘bonanza’ grade intersection, report:
    • 33.7 grams per tonne gold over 1.0 metre from 117.8 metres;
    • 26.4 g/t gold over 0.5m from 130.7 metres; and
    • 8.4 g/t gold over 0.5m from 163.9 metres
  • 26 drill-holes (for 7,280 metres) now completed so far at Elizabeth in 2021 with multiple assays pending:
    • Assays for first 14 holes have been received (12 from SW Vein, 2 from new Blue Vein)
    • Another 12 holes are at the lab, including assays submitted as far back as August
  • Diamond drilling continues to demonstrate the SW Vein and the Blue Vein extend down dip and along strike -all extensional holes drilled appear to intersect quartz veining

Tempus President and CEO, Jason Bahnsen commented “It is exciting to see the newly discovered Blue Vein develop along strike parallel to the SW vein with 6 drill intersections to date. Initial results show strong grades of up to 33.7 grams gold per tonne with widths of over 1 metre and an initial strike length of 380 metres.”

Tempus discovered the new Blue Vein with drill hole EZ-21-12 with the intersection of visible gold in the drill core, as announced on 27 September 2021. The Blue Vein is located approximately 150 metres to the northwest, and parallel, to the SW Vein (See Figure 1). This previously unknown vein has now been intersected by 6 drill-holes (EZ-21-09, EZ-21-12, EZ-21-24, EZ-21-25, EZ-21-26, EZ-21-27) demonstrating an initial strike length of 380 metres (see Figure 2). The assay results from Blue Vein intersections in drill holes EZ-21-12 and EZ-21-09 and reported in this release. The Blue Vein remains open at depth and along strike.

EZ-21-09, approximately 380 metres north of EZ-21-12 drill hole intersected the Blue Vein at 58.6m down hole near the upper contact of the ultramafic/diorite. A 0.5m quartz vein returned anomalous values in gold, silver, arsenic, and mercury.

Drill holes EZ-21-10 and EZ-21-11 intersected similar alteration associated with the Blue Vein in hole EZ-21-12 however the alignment of the drill hole was slightly above the ultramafic/diorite contact and did not show any appreciable quartz veining as ultramafic rocks at Elizabeth are not favourable host rocks for mineralization.

All reported drill holes also intersected the SW Vein at depth and were successful in identifying the SW Vein/structure with anomalous gold, silver, arsenic, mercury and antimony. The results are indicative of mesothermal/orogenic mineralisation and are consistent with the high-grade gold zones from previously reported drill-holes EZ-20-06 (5.0m at 61.3g/t gold from 116.5m, including 1.5m at 186.0g/t gold from 118.0m) and EZ-21-04 (4.0m at 31.2g/t gold from 122.0m, including 1.5m at 52.1g/t gold from 123.0m and 0.5m at 72.0g/t gold from 124.0m).

Highlights from the assay results of the six drill holes reported in this announcement are shown below (See Significant Interval Table in Appendix 1 for details). Note, the results for each hole include intercepts of the Blue Vein, SW Vein and other veins as indicated.

  • Drill Hole EZ-21-12:
    • 33.7 g/t gold over 1.0 m from 117.8m (Blue Vein) and
    • 26.4 g/t gold over 0.5m from 130.7m (Blue Vein) and
    • 8.4 g/t gold over 0.5m from163.9m (Blue Vein) and
    • 1.2 g.t gold over 2.1 m from 344.9m (SW Vein)
  • Drill Hole EZ-21-09:
    • 0.3 g/t gold over 0.5m from 130.7m (Blue Vein), and
    • 2.6 g/t gold over 2.0m from 270.9m (SW Vein)
  • Drill Hole EZ-21-10:
    • 4.0 g/t gold over 0.5m from 223.00m (7 Vein)

Tempus technical staff continue to be encouraged by the consistent and continuous nature of the SW Vein structure and the Blue Vein structure as it continues at depth and along strike.

The Elizabeth Gold Project is the flagship project for Tempus and is located in the Bralorne – Pioneer Gold District of southern British Columbia. The 115km2 project is a relatively underexplored high-grade mesothermal gold project with mineralisation presenting itself in vein sets which range in true width from 1 m to 6.5 metres. The high-grade quartz veins encountered in the drilling at Elizabeth show close geological similarities to the Bralorne-Pioneer mesothermal vein system (approximately 30km away), which was mined to a depth of approximately 2,000 metres and produced more than 4 million ounces of gold over a period of more than 70 years (from approximately 1900 to 1971).

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 Au – SRK 2009). Apart from a few infill drill holes intended to convert inferred resources to indicated, the majority of the drill holes completed and planned by Tempus intersected gold vein structures outside of the 2009 resource block model.

To date, Tempus has completed approximately 9,300 metres of drilling (of the total announced Phase 1 drill program of 12,000 metres) since the program started in November 2020. In total, Tempus has completed 37 diamond drill-holes at Elizabeth (11 holes completed in 2020, 26 holes completed in 2021 to date). Drill collar information can be seen in Appendix 1, Table 1. There are currently 12 drill holes pending assay results.

Figure 1 – The Elizabeth Project – Plan map of drilling

Figure 2 – Elizabeth Project – Long-section of the Blue Vein

Competent Persons Statement

Information in this report relating to 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 recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass 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. Piepgrass 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 Elizabeth-Blackdome Project, a high grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Elizabeth-Blackdome 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 and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed on Page 37 under the heading “Risk and Uncertainties” in the Company’s Management’s Discussion & Analysis for the quarter and year ended June 30, 2021 dated September 24, 2021 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 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

UTM

UTM

Hole ID

Target

Easting (NAD83

Northing (NAD83

Elevation (m)

Length (m)

Azimuth

Dip

Z10)

Z10)

EZ-21-01

SW Vein

531203

5653771

2400

102

121

-52

EZ-21-02

SW Vein

531203

5653771

2400

132

146

-55

EZ-21-03

SW Vein

531203

5653771

2400

111

158

-47

EZ-21-04

SW Vein

531203

5653771

2400

135

168

-58

EZ-21-05

SW Vein

531078

5653776

2400

561

123

-48

EZ-21-06

SW Vein

531078

5653776

2400

226

110

-55

EZ-21-07

SW Vein

531203

5653771

2400

126

115

-75

EZ-21-07b

SW Vein

531203

5653771

2400

123

115

-75

EZ-21-08

SW Vein

531195

5653839

2427

231

115

-68

EZ-21-09

SW Vein

531200

5654020

2330

360

120

-48

EZ-21-10

SW Vein

530953

5653772

2390

354

127

-50

EZ-21-11

SW Vein

530953

5653772

2390

381

136

-50

EZ-21-12

SW Vein

530953

5653772

2390

375

125

-45

EZ-21-13

SW Vein

530919

5653596

2300

261

94

-45

EZ-21-14

SW Vein

530919

5653596

2300

261

108

-55

EZ-21-15

SW Vein

530919

5653596

2300

330

100

-55

EZ-21-16

SW Vein

530919

5653596

2300

330

83

-48.5

EZ-21-17

SW Vein

530919

5653596

2300

414

98

-63

EZ-21-18

SW Vein

530919

5653596

2300

351

128.5

-63

EZ-21-19

SW Vein

530953

5653772

2390

417

129

-58

EZ-21-20

SW Vein

530849

5653432

2260

300

129

-45

EZ-21-21

East Veins

531695

5653463

2120

329

90

-45

EZ-21-22

SW Vein

531195

5653839

2427

188

75

-45

EZ-21-23

SW Vein

531695

5653463

2120

165

91

-45

EZ-21-24

Blue Vein

530953

5653772

2390

219

84

-54

EZ-21-25

Blue Vein

530953

5653772

2390

201

105

-58

EZ-21-26

Blue Vein

530953

5653772

2390

198

95

-45

EZ-21-27

Blue Vein

530953

5653772

2390

ongoing

150

-60

Table 2: Significant Interval Table

Hole ID

From (m)

To (m)

Interval (m)

True Thickness (m)

Gold Grade (g/t Au)

MET Screen Grade (g/t Au)

Vein

EZ-21-01

94.00

96.60

2.60

2.21

4.60

5.12

SW Vein

and

83.50

84.00

0.50

0.43

20.50

pending

SW Vein

EZ-21-02

102.40

109.00

6.60

5.61

8.40

pending

SW Vein

including

105.40

106.50

1.10

0.93

46.30

pending

SW Vein

EZ-21-03

88.60

95.00

6.40

5.44

7.22

pending

SW Vein

including

89.30

91.90

2.60

2.21

11.80

pending

SW Vein

and

90.00

91.30

1.30

1.11

19.80

pending

SW Vein

and

34.70

35.20

0.50

0.43

3.15

pending

SW Vein

EZ-21-04

122.00

126.00

4.00

3.40

31.20

34.40

SW Vein

including

123.00

124.50

1.50

1.28

52.10

68.30

SW Vein

including

124.00

124.50

0.50

0.43

72.00

87.30

SW Vein

EZ-21-05

134.00

135.00

1.00

0.85

1.38

Not performed

7 Vein

and

217.55

218.25

0.70

0.59

1.74

1.67

SW Vein

and

256.00

256.50

0.50

0.43

1.03

0.89

SW Vein

and

554.85

555.35

0.50

0.43

0.24

Not performed

West Vein

EZ-21-06

134.50

136.00

1.50

1.28

1.10

1.71

7 Vein

and

245.00

246.00

1.00

0.85

2.05

2.45

SW Vein

EZ-21-07

Hole lost

EZ-21-07B

40.10

41.10

1.00

0.85

4.88

Not performed

7 Vein

and

51.50

52.20

0.70

0.60

9.06

Not performed

7 Vein

and

160.00

165.75

5.75

4.89

0.53

0.70

SW Vein

EZ-21-08

196.25

202.40

6.15

5.23

0.65

0.66

SW Vein

and

226.60

227.10

0.50

0.43

1.54

1.85

SW Vein

EZ-21-09

58.60

59.10

0.50

0.43

0.31

Blue Vein

and

270.90

272.90

2.00

1.70

2.56

Not performed

SW Vein

and

355.88

357.00

1.12

0.95

0.85

Not performed

SW Vein

EZ-21-10

223.00

223.50

0.50

0.43

4.04

Not performed

7 Vein

and

347.70

349.20

1.50

1.28

0.22

0.21

SW Vein

EZ-21-11

326.90

327.40

0.50

0.43

0.55

0.44

SW Vein

EZ-21-12

117.80

118.80

1.00

0.85

47.6

33.7

Blue Vein

and

130.70

131.20

0.50

0.43

26.4

Not performed

Blue Vein

and

163.90

164.40

0.50

0.43

5.50

8.41

Blue Vein

and

344.90

347.00

2.10

1.79

0.78

1.22

SW Vein

EZ-21-13

230.70

232.60

1.90

1.62

0.76

0.71

SW Vein

EZ-21-14

224.00

224.90

0.90

0.77

1.63

1.15

SW Vein

*true thickness is estimated using a multiplier of 0.85.

Appendix 2: The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the

reporting of Exploration Results for the Blackdome-Elizabeth Gold Project

Section 1: SamplingTechniques and Data

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

Criteria

JORC Code explanation

Commentary

Sampling techniques

  • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
  • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.
  • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple(eg ‘reverse circulation drilling was used to obtain1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types(eg submarine nodules) may warrant disclosure of detailed information.
  • HQ (63.5 mm) sized diamond core using standard equipment.
  • Mineralised and potentially mineralised zones, comprising veins, breccias, and alteration zones were sampled.
  • Samples were half core.
  • Typical core samples are 1m in length.
  • Core samples sent to the lab will be crushed and pulverized to 85% passing75 microns. A 50g pulp will be fire assayed for gold and multi-element ICP. Samples over 10 g/t gold will be reanalysed by fire assay with gravimetric finish

Drilling techniques

  • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).
  • Diamond Drilling from surface (HQ size)

Drill sample recovery

  • Method of recording and assessing core and chip sample recoveries and results assessed.
  • Measures taken to maximise sample recovery and ensure representative nature of the samples.
  • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.
  • Detailed calculation of recovery was recorded, with most holes achieving over 95%
  • No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.

Criteria

JORC Code explanation

Commentary

Logging

  • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
  • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
  • The total length and percentage of the relevant intersections logged.
  • Detailed geological and geotechnical logging was completed for each hole.
  • All core has been photographed.
  • Complete holes were logged.

Sub-sampling techniques and sample preparation

  • If core, whether cut or sawn and whether quarter, half or all core taken.
  • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
  • For all sample types, the nature, quality and appropriateness of the sample preparation technique.
  • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.
  • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.
  • Whether sample sizes are appropriate to the grain size of the material being sampled.
  • Half core was sampled, using a core saw.
  • Duplicate samples of new and historical core are Quarter core or half core where not previously sampled
  • Sample sizes are considered appropriate for the grain size of the material being sampled.
  • It is expected that bulk sampling will be utilised as the project advances, to more accurately determine grade.

Quality of assay data and laboratory tests

  • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
  • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
  • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.
  • Core samples that have been sent to the lab for analysis include control samples(standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples.
  • In addition to the minimum rate of inserted control samples, a standard or a blank is inserted following a zone of mineralization or visible gold
  • Further duplicate samples were analysed to assess variability

Verification of sampling and assaying

  • The verification of significant intersections by either independent or alternative company personnel.
  • The use of twinned holes.
  • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
  • Discuss any adjustment to assay data.
  • Re-assaying of selected intervals of historic core have been sent for analysis.

Criteria

JORC Code explanation

Commentary

Location of datapoints

  • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
  • Specification of the grid system used.
  • Quality and adequacy of topographic control.
  • All sampling points were surveyed using a hand held GPS.
  • UTM grid NAD83Zone 10.
  • A more accurate survey pickup will be completed at the end of the program, to ensure data is appropriate for geological modelling and Resource Estimation.
  • Down hole surveys have been completed on all holes.

Data spacing and distribution

  • Data spacing for reporting of Exploration Results.
  • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
  • Whether sample compositing has been applied.
  • Most drilling is targeting verification and extension of known mineralisation.
  • It is expected that the data will be utilised in a preparation of a Mineral Resource statement.
  • Additional drilling is exploration beneath geochemical anomalies, and would require further delineation drilling to be incorporated in a MineralResource.

Orientation of data in relation to geological structure

  • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
  • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
  • In general, the aim was to drill perpendicular to the mineralised structures, to gain an estimate of the true thickness of the mineralised structures.
  • At several locations, a series (fan) of holes was drilled to help confirm the orientation of the mineralised structures and to keep land disturbance to a minimum.

Sample s Security

  • The measures taken to ensure sample security.
  • Samples from Elizabeth were delivered to the laboratory by a commercial transport service.

Audits or Reviews

  • The results of any audits or reviews of sampling techniques and data.
  • An independent geological consultant has recently visited the site as part of preparing an updated NI43-101Technical Report for the Project.

Section 2: Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

  • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
  • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
  • The Blackdome-Elizabeth Project is comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases.
  • The Property is located in the Clinton and Lillooet MiningDivisions approximately 230 km NNE of Vancouver
  • Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement

(refer to ASX announcement 15 December 2020)

  • A net smelter royalty of 3% NSR (1% purchasable) applies to several claims on the Elizabeth Property.
  • No royalties apply to the Blackdome Property or Elizabeth Regional Properties.
  • There are currently no known impediments to developing a project in this area, and all tenure is in good standing.

Exploration done by other parties

  • Acknowledgment and appraisal of exploration by other parties.
  • In the 1940s, placer gold was discovered in Fairless Creek west of Blackdome Summit. Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartz veins on the southwest slope of the mountain that resulted in the staking of mining claims in 1947. EmpireValley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basic surface work during the 1950s.
  • The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd.re-staked the area and performed surface work in addition to underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with various joint venture partners that resulted in a positive feasibility study. A 200 ton/day mill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991, having produced 225,000oz of Au and 547,000oz of Ag from 338,000tons of ore (Godard et al., 2010)
  • After a period of inactivity, Claimstaker Resources Ltd. took over the project, reopening the mine in late 1998. Mining operations lasted six months and ended in May of 1999. During this period,6,547 oz of Au and 17,300 oz of Ag were produced from 21,268 tons of ore. Further exploration programs were continued byClaimstaker over the following years and a Japanese joint venture partner was brought onboard that prompted a name change to J-Pacific Gold Inc. This partnership was terminated by 2010, resulting in another name change to Sona Resources Corp.
  • Gold-bearing quartz veins were discovered near Blue Creek in 1934, and in 1940-1941 the Elizabeth No. 1-4 claims were staked.
  • BralorneMines Ltd. optioned the property in 1941 and during the period 1948-1949, explored the presently- named Main and West Veins by about 700 metres of cross-cutting and drifting, as well as about 110 metres of raises.
  • After acquiring the Elizabeth Gold Project in 2002, J- Pacific (now Sona) has conducted a series of exploration programs that included diamond drilling 66 holes totalling 8962.8 metres (up until 2009) Other exploration work by Sona at the Elizabeth Gold Project has included two soil grid, stream sediment sampling, geological mapping and sampling, underground rehabilitation, structural mapping and airborne photography and topographic base map generation.
Geology
  • Deposit type, geological setting and style of mineralisation.
  • The Blackdome property is situated in a region underlain by rocks of Triassicto Tertiary age. Sedimentary and igneous rocks of the Triassic Pavilion Group occurring along the FraserRiver represent the oldest rocks in the region.A large, Triassic age, ultramafic complex(Shulaps Complex) was emplaced along the Yalakomfault; a regional scale structure located some 30 kilometres south of the property. Sediments and volcanics of the Cretaceous Jackass Mountain Group and Spences Bridge/Kingsvale Formations overlie the Triassic assemblages. Some of these rocks occur several kilometres south of Blackdome.
  • Overlying the Cretaceous rocks are volcanics and minor sediments of Eocene age. These rocks underlie much of Blackdome and are correlated with the KamloopsGroup seen in the Ashcroft and Nicola regions. Geochemical studies (Vivian,1988) have shown these rocks to be derived from a “calc-alkaline” magma in a volcanic arc type tectonic setting. Eocene age granitic intrusions at Poison Mountain some 22 kilometres southwest of Blackdome are host to a gold bearing porphyry copper/molybdenum deposit. It is speculated that this or related intrusions could reflect the source magmas of the volcanic rocks seen at Blackdome. There is some documented evidence of young granitic rocks several kilometres south of the mine near Lone Cabin Creek.

The youngest rocks present are Oligocene to Miocene basalts of the Chilcotin Group. These are exposed on the uppermost slopes of Blackdome Mountain and Red Mountain to the south.

  • Transecting the property in a NE-SWstrike direction are a series of faults that range from vertical to moderately westerly dipping. These faults are the principal host structures for Au- Ag mineralisation. The faults anastomose, and form sygmoidal loops.
  • The area in which the Elizabeth Gold Project is situated is underlain by Late Paleozoic to Mesozoic rock assemblages that are juxtaposed across a complex system of faults mainly of Cretaceous and Tertiary age. These Paleozoic to Mesozoic-age rocks are intruded by Cretaceous and Tertiary-age stocks and dykes of mainly felsic to intermediate composition, and are locally overlain by Paleogene volcanic and sedimentary rocks. The Elizabeth Gold Project is partly underlain by ultramafic rocks of the Shulaps Ultramafic Complex, which include harzburgite, serpentinite and their alteration product listwanite.
  • The gold mineralisation found on the Elizabeth Gold Project present characteristics typical of epigenetic mesothermal gold deposits. The auriferous quartz vein mineralisation is analogous to that found in the Bralorne- Pioneer deposits. Gold mineralisation is hosted by a series of northeast trending, steeply northwest dipping veins that crosscut the Blue Creek porphyry intrusion. The Main and West vein systems display mesothermal textures, including ribboned-laminated veins and comprehensive wall rock breccias. Vein formation and gold mineralisation were associated with extensional-brittle faulting believed to be contemporaneous with mid- Eocene extensional faulting along the Marshall Creek, Mission Ridge and Quartz Mountain faults.

Criteria

JORC Code explanation

Commentary

Drill hole Information

  • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
    • easting and northing of the drill hole collar
    • elevation or RL (ReducedLevel – elevation above sea level in metres)of the drill hole collar
    • dip and azimuth of the hole
    • down hole length and interception depth
    • hole length.
  • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.
  • Refer to Appendix 1 for drill hole collar information

Data aggregation methods

  • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades)and cut-off grades are usually Material and should be stated.
  • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
  • The assumptions used for any reporting of metal equivalent values should be clearly stated.
  • Intervals reported using several samples are calculated using a weighted average.
  • Calculatedintervals using a weighted average did not use a top cut on high-grade samples. High-grade samples are reported as ‘including’
  • Calculatedweighted average intervals are continuous intervals of a mineralized zone and do not include unsampled intervals or unmineralized intervals.

Relationship between mineralisation widths and intercept lengths

  • These relationships are particularly important in the reporting of Exploration Results.
  • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
  • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect(eg ‘down hole length, true width not known’).
  • In general, drilling is designed to intersect the mineralized zone at a normal angle, but this is not always possible.
  • For the reported intervals, true widths are reported where mineralized core was intact and possible to measure the orientation. Otherwise the true width is left blank

Diagrams

  • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
  • Refer to maps within announcement for drill hole locations.

Criteria

JORC Code explanation

Commentary

Balanced reporting

  • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
  • Where broader low-grade intervals are reported the high-grade intercepts are reported as ‘including’ within the reported interval

Other substantive exploration data

  • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
  • Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones.
  • The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling.
  • The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored/mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2.
  • This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep

Further work

  • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).
  • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.
  • Tempus plans to update historical NI43-101 foreign resource estimates to currentNI43-101 and JORC 2012 standards
  • Tempus is also seeking to expand the scale of the mineralisation at the project through further exploration.

SOURCE: Tempus Resources Ltd

View source version on accesswire.com:
https://www.accesswire.com/669618/Bonanza-Gold-From-Newly-Discovered-Vein-at-Elizabeth








Today’s News

DIOS Drills First Priority Artificial Intelligence Target on K2 & Related Gold-Copper Soil Anomalies

MONTREAL, Dec. 09, 2021 (GLOBE NEWSWIRE) — DIOS Exploration Inc. (“DIOS”) (TSX-V: DOS) reports successful drilling of first priority Artificial…

MONTREAL, Dec. 09, 2021 (GLOBE NEWSWIRE) — DIOS Exploration Inc. (“DIOS”) (TSX-V: DOS) reports successful drilling of first priority Artificial Intelligence (AI) target on wholly-owned K2 property, with good related gold-copper-As in B-soil anomalies.

Windfall Geotek (TSX-V:WIN, OTC: WINKF), a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector, provided a significant size AI Gold target covering a 0.87 km2 area on K2.

A 3.5 km-long minimum electromagnetic conductor (ground VLF) associated with a good eastwest magnetic structure crosses this AI target.

DIOS drilled two holes in section for 260 m in the middle of the 0.87 km2 AI target, cross-cutting the 3.5 km EM and magnetic structure. Both drill holes started in mineralized rocks, hitting a 53.65 meters thick sequence of one to forty percent disseminated (& in stringers) sulfides, that is pyrrhotite-pyrite, within chert/ mafic-intermediate volcanic tuffs/ graphitic argillites overlying a several m thick (3 -7.32 meters) massive sulfide horizon (70-90% pyrrhotite-pyrite).  

The AI target is coincidental with the significant km size A48 target, previously defined south of Opinaca Fault, near cross-cutting structures such as NW-SE Kali Fault extent and near strategic volcanic contacts.   Results are pending.

The K2 property covers 83.5 sq. km, SW of Azimut’s Elmer gold property, James Bay Eeyou Istchee, Quebec. Technical content of this release was prepared by M.J. Girard Geo M.Sc., 43-101 Qualified Person.

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.

Contact information :  
Marie-José Girard, P. Geo M.Sc., 43-101 QP  
President  
[email protected]   
Tel. (514) 923-9123  Website: www.diosexplo.com







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Today’s News

AFR Commences IP and Mag Survey

Toronto, Ontario – TheNewswire – December 9, 2021 –  AFR NuVenture Resources Inc. (the "Company") [TSXV:AFR] announces that it has commenced a geophysical…

Toronto, Ontario – TheNewswire – December 9, 2021  AFR NuVenture Resources Inc. (the “Company”) [TSXV:AFR] announces that it has commenced a geophysical program at the Silver Bell-St. Lawrence (“SBSL”) project (the “Project”) near Virginia City, Montana. The program will include magnetic and resistivity/induced polarization (IP) surveys. The purpose of the program is to attempt to identify and define additional sulfide-bearing veins or other mineralization, and establish drill targets.

As has been reported earlier, the Project hosts two past producing gold-silver mines, the Silver Bell Mine on the west and the St. Lawrence Mine on the east. Both mines operated in the early 1900s and the St. Lawrence was reactivated and operated in the early 1980s. Historical production records are incomplete but available information suggests that historical production at the St. Lawrence was approximately 0.22 ounces per ton (“opt”) gold and 3.8 opt silver. Smelter receipts for small shipments from the St. Lawrence indicate that some ore with much higher grades was shipped. For example, a smelter receipt from October 30, 1964, states that 8.027 tons were received grading 0.76 opt gold and 20.0 opt silver. Historical production at the Silver Bell averaged approximately 0.2 opt gold and 15.1 opt silver.

The shafts for each of the former mines are located 3,600 feet apart and the exploration hypothesis is that the two mines shared mineralized systems that may in part be contiguous. A VLF geophysical survey and surface sampling in 2011, and follow-on surface sampling in 2019 support this initial hypothesis and indicate an offset extension of the vein system farther east along strike from the St. Lawrence mine.

In November 2019 a total of 2,111.5 feet of core drilling was completed in 12 holes sited east and west along strike from the headframe of the former St. Lawrence mine and results of this program were reported in a NI-43-101 technical report (the “Technical Report”) by Dr. John Childs dated May 27, 2021 and filed under the Company’s documents on SEDAR (www.sedar.com) in conjunction with the Company’s press release on August 30, 2021. The holes were designed to test the depth, extent, thickness, and grade of the vein system that was worked previously on at least two levels from an inclined shaft at the headframe. In addition, geologic mapping, and surface sampling of veins, wall rocks, and dumps was completed. This was the first drilling program conducted on SBSL by the Company.

  • Nine (9) vein intercepts were encountered ranging from 0.21 meters in core width to 2.8 meters and an average thickness of 1.17 meters. 

  • Average weighted values for the 9 intercepts were 4.94 g/T Au and 65.35 g/T Ag. 

  • A 34.4 g/T Au intercept was encountered 40 meters down the dip of the veins from the 150 Level of the old workings demonstrating both the potential for grade and the potential at depth. 

  • A 34.4 g/T Au over 0.61 meters (core width) intercept was encountered at the western limit of the 2019 drill pattern and should be tested for the potential of a high-grade ore shoot based on that drill result and recent geologic mapping. 

  • An untested mineralized fault zone east of the mine was identified through geologic mapping and is coincident with the strongest VLF geophysical response on the property. This is a high priority drill target. 

  • Drilling in 2019 tested only 150 meters of the approximately 1,100 meters of known strike length along the SBSL vein system. Additional geologic mapping, surface sampling and drilling is recommended along the undrilled sections of the veins. 

  • Several of the holes, including SL 19-4C and SL 19-12C intercepted additional veins that do not appear to correlate with the two veins in the historical workings, opening the possibility of a multiple-vein system. 

These vein intercepts also reported strongly anomalous base metal values up to 460 ppm copper, 2060 ppm zinc, and 7400 ppm lead.

Dr. John Childs, in the Technical Report, recommended, among other things, that geophysical surveys may help in defining drill targets between the two mines, along strike east of the St. Lawrence mine, and southwest of the Silver Bell mine and that follow-on core drilling, designed to extend mineralization along strike and down dip near the St. Lawrence headframe and along the undrilled, eastern extension of the St. Lawrence vein should be considered.

The current geophysical surveys are being conducted by Clark Jorgensen of Big Sky Geophysics, Bozeman, Montana in consultation with Dr. Childs.

Pursuant to an agreement with Frederick Private Equity Corporation (“FPEC”), the Company may initially earn a 51% interest in the Project by making certain option payments and spending US$1,000,000 in exploration expenditures by March 2023. The SBSL is originally under option by FPEC from Peloton Minerals Corporation, and FPEC may earn up to a 75% interest in the Project by making certain option payments and spending US$2,000,000 in exploration on the Project by March 2025. The full terms of the option agreement are set out in the Company’s press release dated April 26, 2019.

John Childs, PhD, is the qualified person responsible for approving the technical information contained within this release pertaining to the Project.

The Company is continuing to investigate and conducting due diligence on other projects in keeping with its objectives and is nearing completion of its new website which is expected to be launched this month.

On behalf of the Board of Directors,

“John F. O’Donnell”

John F. O’Donnell, Chairman and CEO

For more information on the Company, investors should review the Company’s filings on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding an outlook.

Such statements include, among others, those concerning the Company’s exploration plans, its examination of other opportunities, and its expectations regarding the launch of its new website. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding its ability to initiate and complete future exploration work as expected and acquire and finance other projects. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s future exploration work, technical, safety or regulatory issues, social and market conditions related to the COVID-19 global pandemic; the worldwide economic and social impact of COVID-19; the duration and extent of COVID-19; changes in general economic conditions; the imposition of government restrictions on business related to COVID-19, any positive cases of COVID-19 at a project site or in the area which may cause a reduction or suspension in operations and activities which may ultimately affect and delay the exploration timeline.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

 

Copyright (c) 2021 TheNewswire – All rights reserved.





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Hemlo Identifies Targets Within 3 km of the Proposed Open Pit Pd-Cu Operation of Generation Mining

TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has identified sulphide…

TORONTO, Dec. 09, 2021 (GLOBE NEWSWIRE) — Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that it has identified sulphide targets on the Company’s Pic Project approximately 3 kms east of Generation Mining’s Marathon Palladium-Copper (“Pd-Cu”) proposed open pit operation (“Marathon Deposit”) near Marathon, Ontario (Figure 1).

“We are very excited to have begun work on this prospective area near Generation’s project. The sulphide mineralization identified in a previous drill hole is encouraging as we move this project forward”, said Brian Howlett, President and CEO of the Company.

The Marathon Deposit is hosted in a late intrusive phase gabbro along the northern and eastern margin of the Coldwell Complex which intrudes the older Archean Schreiber-Hemlo greenstone belt. The Company’s recent prospecting and property evaluation at Pic has identified surface gabbro intrusions that are similar to the intrusions on Generation Mining’s property and that are enriched with Pd-Cu at the Marathon Deposit. The Company’s target development is guided by the magma conduit deposit model which is favoured to explain sulphide mineralization and other economic mineral enrichment at Marathon. Some of the key highlights for target development are as follows:

Highlights:

  • Radial, concentric and intersecting fault development, as a consequence of Coldwell Complex magma uplift and caldera collapse, served as conduits for the Pd-Cu bearing gabbroic magmas at the Marathon Deposit (Figure 2). These structures extend into the Archean country rocks on Hemlo Explorer’s claims, where north-south trending gabbro dykes have been observed from historic mapping.
  • 1983 ground magnetic and IP surveys show a linear north-south trend extending due south of a 2008 VTEM survey chargeability anomaly (Figure 3). The VTEM anomaly sits on an interpreted radial fault and is possibly an indication of sulphide mineralization.
  • Field mapping in 1983 and 1984 identify silicified and sericitized rhyolite breccia zones with a corresponding 1983 IP anomaly.
  • Sulphide mineralization returned from a 1985 historic drillhole BMN-03 approximately one kilometre east of the same 2008 VTEM anomaly as above and could be indicative of magma-country rock mixing and sulphide stripping with 10 intervals of variable pyrite, minor pyrrhotite and sphalerite mineralization in silica-sericite altered felspar porphyry breccia, plus multiple biotite lamprophyre dykes. Significant sulphide mineralization ranged from 15-100% and up to core interval lengths of 24 metres.
  • As noted on vertical section 5404700 N of the Generation Mining press release dated August 17, 2021 (www.sedar.com), sulphide stripping and deposition of the Coldwell Complex Eastern gabbro at the Marathon project occurred with mixing of the Archean basement rock with mineralization extending well into the footwall Archean basement rocks.

The target area’s structural, geophysical and aspects of the geological setting resembles that of the Generation Mining’s Marathon deposit located W-NW of Hemlo Explorer’s claims. Brian Howlett, CEO of Hemlo Explorers, commented “We are pleased to have identified some significant targets for active exploration. We are currently considering airborne VTEM and high-resolution magnetic surveys, the acquisition of high-definition LIDAR, drilling of the VTEM and magnetic high anomalies and trends. The compilation of historical data is well advanced and integral to the evolving geological interpretation.”

Figure #1 – Project Location Map
https://www.globenewswire.com/NewsRoom/AttachmentNg/7bf0c6cf-2e86-4598-9175-f955f49bc492

Figure #2: Regional Geology with Interpreted Concentric and Radial Faulting
https://www.globenewswire.com/NewsRoom/AttachmentNg/b21ff814-b005-4529-93a2-7d77cf676e49

Figure #3: Regional Magnetics and Historic Exploration
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d1ea900-fef3-47b4-a5a8-9c22b46490fa

Technical Information

Mr. Adrian Bray, P.Geo., Exploration Manager for the Company, is the “Qualified Person” as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for the accuracy of technical information contained in this news release.

About Hemlo Explorers Inc.

Hemlo Explorers is a Canadian-based mineral exploration company with a portfolio of properties in Ontario and Nunavut. We are focused on generating shareholder value through the advancement of our main Hemlo area projects, including the Pic Project, North Limb, and Hemlo West.

For more information please contact:

Brian Howlett, President & CEO
Hemlo Explorers Inc.
[email protected]
(647) 227-3035

http://www.hemloexplorers.ca

Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including, but not limited to, exploration results, potential mineralization, statements relating to mineral resources, and the Company’s plans with respect to the exploration and development of its properties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Hemlo Explorers Inc., including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing, exploration risk and Covid-19 pandemic related orders. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.









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