Tempus Resources Ltd (ASX:TMR) entered an agreement last month to acquire two Ecuadorian companies that own three mineral exploration concessions.
These concessions, known as the Zamora Projects cover 1,000 hectares adjacent to and within the same district as the world-class 9.48-million ounce Fruta del Norte gold discovery.
In addition to the flagship Zamora Projects, Tempus also has a 2,195-hectare concession hosting the Valle del Tigre Project to the north of Fruta del Norte.
READ: Tempus Resources acquiring highly prospective gold projects in Ecuador
Ecuador has, in recent times, become one of the most sought-after exploration jurisdictions for gold and base metals.
Companies such as BHP, Rio Tinto, Fortescue Metals Group, Newcrest, and Solgold have made significant advances in the country in the past three to five years.
Notably, Ecuador received the “Best Country” award at Mines and Money London in 2017.
The Zamora-Chinchipe Province in the south east of Ecuador, bordering with Peru, where the Zamora Projects are located is considered some of the most prospective ground in the country.
Since the initial discovery of Fruta del Norte in 2006, it has grown into one of the world’s most valuable gold discoveries of the last 15 years.
Technical director Brendan Borg will be discussing Tempus’s opportunity within the Zamora Projects and Valle del Tigre Project in Melbourne next Tuesday.
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Sydney details, Monday, June 3, 2019
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Also featuring will be West Wits Mining Ltd (ASX:WWI), Emmerson Resources Ltd (ASX:ERM), XTEK Ltd (ASX:XTE), ShareRoot Ltd (ASX:SRO) and Global Energy Ventures Ltd (ASX:GEV).