Tempus Resources Ltd hits bonanza grade gold up to 1,572 g/t in rich Blue Vein at Elizabeth Project

Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) has welcomed bonanza-grade gold results for the next seven drill holes of the 2022 drilling campaign at Elizabeth Gold Project in British Columbia, Canada, completed in early June.

Drill holes EZ-22-04 to EZ-22-10 all targeted the extension of the Blue Vein gold mineralisation.

Best-ever intersection

Drill hole EZ-22-09 returned bonanza grades including the best intersection ever encountered at Elizabeth Gold Project, with high-grade assays over widths of up to 1.05 metres in multiple intersections. Highlights include:

• 310.72 g/t gold over 1.05 metres from 105.12 metres including 1,572 g/t over 0.20 metres from 105.12 metres; and
• drill hole EZ-22-07 also returned a bonanza grade intersection of 48.6 g/t over 0.23 metres from 170.17 metres.

Vertical continuity

Of note is that the location of the EZ-22-09 bonanza drill hole in the Blue Vein is roughly 15 metres vertically below the previously reported drill-hole EZ-22-03, which contained high-grade zones over widths of up to 1.7 metres in multiple intersections including:

• 523.0 g/t gold over 0.42 metres from 96.91 metres and 32.7g/t over 0.45 metres from 124.02 metres including 133.0 g/t over 0.11 metres from 124.02 metres; and
• 7.4 g/t over 1.73 metres from 164.41 metres including 17.4 g/t over 0.73 metres from 165.41 metres.

All seven drill holes intersected Blue Vein gold mineralisation multiple times, indicating that there might be multiple stacked high-grade vein mineralisation within the wider Blue Vein structure.

The drilling confirms the known high and bonanza grades for Blue Vein along a strike length of 100 metres, comparing very favourably to the strike extent of the high-grade chutes on Southwest Vein of approximately 80 metres combined, which contained almost 70% of the historical mineral resource for Elizabeth.

All up, 30 drill holes have been completed in this program since drilling commenced in late May, with 20 holes pending assay.

Tempus president and CEO Jason Bahnsen said: “Assays announced today confirm the presence of more high and bonanza grade gold in the Blue Vein.

“The visible gold observed in the core for drill hole #9, as reported on July 7, has assayed approximately 50 ounces of gold per tonne over 0.20 metres, our highest-grade intersection from the project to date.

“This drill hole intersected the vein approximately 15 metres below the previously announced EZ-22-03 drill hole, showing vertical continuity of the high-grade zone.

“All seven drill holes reported today intersected the Blue Vein at multiple points further supporting the model for stacked vein mineralisation throughout the Blue Vein structure.”

Drilling to date shows that the Blue Vein is not a single structure. Each of the drill holes reported today successfully hit Blue Vein gold mineralisation in multiple sub-parallel closely spaced intersections, demonstrating the potential for multiple stacked high-grade gold vein mineralisation within the wider Blue Vein structure.

About the Blue Vein

The Blue Vein was discovered in late 2021 with a find of 1-metre at 33.7 g/t gold. Assay results are now in for 10 holes in 2022, plus seven holes in 2021, for a total of 17 drill holes intersecting the Blue Vein to date. Six of these returned bonanza grade intersections, which the company defines as greater than 1 ounce per tonne.

High-grade gold mineralisation has now been defined over a strike length of over 100 metres and a vertical distance of up to 15 metres.

The 2022 drilling is testing the Blue Vein structure over a total strike length of about 400 metres.