The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Tempus Resources (TMR) intersects up to 184.9 grams per tonne (g/t) gold at the No 9 Vein within the Elizabeth gold project in British Columbia, Canada
  • The company drilled 10 holes in its 2022 program to target potential No 9 Vein mineralisation along strike of historical workings
  • Several holes intersected wide zones of quartz veining with three encountering visible gold
  • Tempus also received results from three holes drilled at the Blue Vein with up to 1.96 g/t gold intersected
  • Assays are pending for a further 19 holes and will be reported on shortly
  • Company shares are down 5.17 per cent and trading at 5.5 cents at 3:15 pm AEDT

Tempus Resources (TMR) has intersected up to 184.9 grams per tonne (g/t) gold at the No 9 Vein within the Elizabeth gold project in British Columbia, Canada.

During its 2022 drilling program, Tempus drilled 10 holes to target potential No 9 Vein mineralisation along strike of historical workings.

Several holes in this program intersected wide zones of quartz veining with three holes encountering visible gold.

Results have been reported from hole EZ-22-19 which intersected two zones of quartz veining with visible gold occurrences.

Better results include 2.11 metres at 87 g/t gold from 135.67 metres including a sub-section grading 184.9 g/t gold over 0.7 metres from 136.79 metres.

“EZ-22-19 as our first hole on No. 9 Vein comes in with a ‘bonanza’ intersection of 87 g/t gold over 2.11 metres,” President and CEO Jason Bahnsen said.

“Other holes on No. 9 Vein showed interesting structure including the highly anticipated EZ-22-20, which contained visible gold over 26 metres of continuous quartz veining that we’re still waiting for.

“Overall No. 9 Vein has joined the Blue Vein as a priority target to continue to extend the known mineralised envelope at Elizabeth.”

Tempus has also received assays from holes EZ-22-14 through to EZ-22-16 drilled at the Blue Vein.

Hole EZ-22-15 intersected multiple zones of quartz veining with anomalous over 141 metres while hole EZ-22-16 intersected anomalous gold mineralisation over roughly 155 metres.

Additionally, the company identified visible gold in hole EZ-22-36 which was drilled at the southern extension of the Blue Vein.

Assays are pending for a further 19 holes and will be reported on shortly.

Company shares were down 5.17 per cent and trading at 5.5 cents at 3:15 pm AEDT.

TMR by the numbers
More From The Market Online
Close up of a nasal spray

LTR Pharma pairs with Men’s Health Downunder for supply of erectile dysfunction spray

LTR Pharma Ltd has signed an agreement with Men's Health Downunder to facilitate supply of its…
The Market Online Video

ASX Market Open: Pre-Chrissy slowdown to turn into full-blown plunge after Powell preaches caution | Dec 19, 2024

Hesitation from Jerome Powell and the Federal Reserve regarding U.S.
The Market Online Video

ASX Market Close: Index pares gains to close flat | December 18, 2024

The ASX200 closed flat and down just 0.06% at 8,309points. Industrials was the strongest performing sector,…
Market Update Graphic

ASX Market Update: Insignia rejects Bain bid as bourse rises | December 18, 2024

Christmas is one week away and the ASX200 has been up 0.25% at 8335 points.