Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) has identified more visible gold, highlighting the discovery of a new, previously unknown gold-bearing vein from the ongoing 2021 drilling program at its Elizabeth Gold Project in Southern British Columbia, Canada.
Notably, the gold was discovered in drill hole EX-21-12, 150 metres to the northwest of the SW vein.
The company has received assays of four additional diamond drill holes, with highlights including 1-metre at 4.9 g/t gold from 40.1 metres and 0.7 metres at 9.1 g/t from 51.5 metres in EZ-21-7B.
Diamond drilling continues to demonstrate the SW vein extends down-dip and along strike with all extensional holes drilled appearing to intersect quartz vein.
“Unknown new gold vein zone”
Tempus CEO Jason Bahnsen said: “When we get visible gold at Elizabeth, it can lead to ‘bonanza’ grade intersections as we’ve seen with previous holes announced from this year’s drilling.
"However, what’s more, exciting about the visible gold in drill-hole EZ-21-12 is that its approximately 150 metres northwest of our SW Vein zone so it indicates the discovery of a previously unknown new gold vein zone at Elizabeth.”
Elizabeth project map of drilling
Drilling results
The four drill holes (EZ-21-05, EZ-21-06, EZ-21-07B and EZ-21-08) were drilled at the northern end of the northern ore shoot at Elizabeth, with all of them intersecting gold mineralisation.
Other strong results include:
- 5.75 metres at 0.53 g/t gold from 165.75 metres;
- 1.50 metres at 1.28 g/t from 134.5 metres;
- 1-metre at 2.05 g/t from 245 metres; and
- 6.15 metres at 0.65 g/t from 196.25 metres.
Visible gold in EZ21-12 drill hole.
Forward plan
Tempus’ focus of drilling to date has been on the SW Vein, however, further potential exists along this new vein as well as the other under-explored veins at the project.
The company is awaiting the screen metallic results of select intervals from the first eight holes of 2021.
In total, Tempus has completed 32 diamond drill holes at Elizabeth (11 holes completed in 2020, 20 holes completed in 2021 to date).
Assays for the first eight holes are reported with core from another 11 holes at the lab, including assays submitted as far back as August.
Consequently, the current drill hole is being logged and samples prepared for despatch to the lab in a subsequent sample batch.
For a full review of Tempus Resources’ operations during the year have a look at the annual report to shareholders released last week by the company: