Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) has received strong new assay results that demonstrate the potential to increase the golden bounty of the Elizabeth Project in British Columbia, Canada.
The new results are from the first follow-up hole, EZ-21-19, at the recently discovered Blue Vein that returned a bonanza-grade intersection last month in hole EZ-21-12.
These results show continuity of Blue Vein over a strike length of at least 380 metres and down dip, demonstrating that high-grade mineralisation continues further along the vein.
EZ-21-19 was drilled at a steeper angle than EZ21-12 with multiple high-grade intersections encountered:
Highlights include:
- 0.50 metres at 4.52 g/t gold from 127.50 metres;
- 1.50 metres at 4.25 g/t from 129.00 metres; and
- 0.90 metres at 6.14 g/t from 167.80 metres.
"Significant potential"
The results from this drill hole indicate the potential for the Blue Vein to be a source of new mineral resources at the Elizabeth Gold Project.
“The assay results for drill hole EZ-21-19 show continued high-grade gold mineralisation down dip of the previously reported ‘bonanza’ grade intersection at the newly discovered Blue Vein,” Tempus president and CEO Jason Bahnsen said.
“Assays have now been received for three out of the seven drill holes that have intersected the Blue Vein.
“With the historic resource at Elizabeth largely centred on the SW Vein, the Blue Vein holds significant potential for expanding the current resource base for the project.”
The discovery of the Blue Vein and the company’s continued success in demonstrating its mineralised content, highlight the potential for multiple vein sets at the Elizabeth Project.
Multiple identified veins are yet to be drilled, with strong potential for additional new vein discoveries.
Drilling program complete
Tempus has now completed exploration drilling at Elizabeth for 2021 with a total of 28 drill holes completed for approximately 7,740 metres.
Combined with the 11 drill holes completed in 2020, Tempus has now completed 39 drill holes for approximately 9,750 metres at Elizabeth since Tempus began drilling in November 2020.
The company now awaits the results of assays for nine drill holes from this year's drill program, including four further drill holes that intersected the Blue Vein. These are expected in the coming months.
About the Blue Vein
Back in September, Tempus announced the discovery of the new Blue Vein with drill hole EZ-21-12. Drilling revealed an intersection of visible gold in the drill core.
The previously unknown vein is approximately 150 metres to the northwest, and parallel, to the SW Vein.
Blue Vein has now been intersected by seven drill-holes (EZ-21-09, EZ-21-12, EZ-21-19, EZ-21-24, EZ-21-25, EZ-21-26, EZ-21-27) demonstrating an initial strike length of 380 metres, with four of those drill-holes pending assay results.
In October, Tempus announced its findings that drill hole EZ-21-12 included high-grade gold intersections with assays of including 33.7 g/t gold over 1.0 metre from 117.8 metres, 26.4 g/t gold over 0.5 metres from 130.7 metres, and 8.4 g/t gold over 0.5 metres from 163.9 metres.
Results from EZ-21-24 to EZ-21-27, which specifically target the Blue Vein, were all successful in intersecting the quartz vein and are currently in the lab with assays pending.
What next for the SW Vein?
Each of the drill holes reported has intersected the SW Vein and continue to indicate significant mineralisation and anomalous gold values.
Mineralised intervals are consistent with mesothermal/orogenic gold veins and contain highly elevated values in arsenic, antimony, silver and mercury.
Several of the drill holes targeted the southern portion of the SW Vein at depths below 200 metres vertical.
Tempus is still awaiting assay results on nine drill holes, along with an underground development permit for the Elizabeth Lower Portal exploration drift.
The company has now suspended drilling at Elizabeth for the season, pending the approval of the Notice of Work amendment for extension of the Lower Portal adit access for underground drilling.