Tempus Resources Ltd (ASX:TMR) (CVE:TMRR) (FRA:4W0) has been granted a trading halt by the ASX with news pending in regard to a capital raising.
The halt will remain in place until the beginning of regular ASX trade on Thursday, December 11, or when an announcement is released to the market, whichever occurs earliest.
Listed on TSX Venture Exchange
This week the company’s shares began trading on the Canadian TSX Venture Exchange (TSX-V) under the ticker TMRR.
The exploration company with a primary focus on gold in the Americas, including Canada, has retained its primary listing on the Australian Securities Exchange (ASX).
Tempus managing director Brendan Borg said: “Listing on the TSX Venture Exchange is a key part of our strategy to further open up investment in the company and access to capital from North America, in particular.
Mineralisation at Blackdome-Elizabeth
Last week, the company intersected mineralisation of up to 28.3 g/t gold and 513 g/t silver while drilling at Blackdome sector of the Blackdome-Elizabeth Gold Project in British Columbia, Canada.
Broad, near-surface gold and silver mineralised zones of high-grade veins were intersected at Blackdome with best results from hole BD-20-23 including:
- 19.4 metres at 1.46 g/t gold and 20.8 g/t silver from 90 metres including 1.3 metres at 13.8 g/t gold and 271 g/t silver from 101.9 metres which also included 0.6 metres at 28.3 g/t gold and 513 g/t silver from 101.9 metres; and
- 2.5 metres at 2.21 g/t gold and 1.82 g/t silver from 132.5 metres including 1-metre at 4.80 g/t gold and 2.98 g/t silver from 134 metres.
The company has started the modelling process to prepare an independent mineral resource estimate for Blackdome, which will provide an updated estimate compliant with the applicable Australian and Canadian standards for reporting of mineral resources.