Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) has entered a trading halt by the ASX as it prepares to announce a capital raising.
The halt will remain in place until the start of regular trade on Thursday, August 19, or until an announcement is released to the market, whichever occurs earliest.
High-grade gold at Elizabeth
Tempus has received further high-grade gold results including bonanza-grade sub-sections from three diamond drill holes at its Elizabeth Gold Project in Canada.
This is the second batch of assays that have come back from the SGS Canada Inc lab since being submitted in June with the latest results from three holes.
Strong intersections include:
- 6.60 metres at 8.40 g/t gold from 102.40 metres, including 1.10 metres at 46.3 g/t from 105.40 metres;
- 6.40 metres at 7.22 g/t from 88.6 metres, including 1.30 metres at 19.8 g/t from 90 metres and 0.50 metres at 3.15 g/t from 34.7 metres; and
- 1.80 metres at 6.37 g/t from 94.8 metres, including 0.5 metres at 20.5 g/t from 83.5 metres.
Assays from the other hole of the batch, EZ-21-04, were reported previously and included ‘bonanza’ grades - 4 metres at 31.2 g/t from 122 metres, including 1.5 metres at 52.1 g/t from 123 metres and 0.50 metres at 72 g/t from 124 metres.