- Tempest Minerals (TEM) confirms the potential of the Calais target within the Euro Project in the Yalgoo region of Western Australia
- The company has identified a mineralised corridor at least one kilometre in strike length at Calais
- High grade results have been recorded in multiple drill holes, hitting up to 6.9 grams per tonne (g/t) gold
- Tempest is currently planning further drilling, which is yet to receive regulatory approval
- Tempest Minerals is down 12.5 per cent to 5.6 cents per share as of 10:24 am AEST
Tempest Minerals (TEM) has confirmed the potential of the Calais target within the Euro Project after encouraging gold and polymetallic results.
The company has identified a mineralised corridor at least one kilometre in strike length at Calais with high grade results recorded in multiple drill holes.
Results include 2.9 metres at 4.1 grams per tonne (g/t) gold from 130 metres, including 1.6 metres at 6.9 g/t gold from 131.2 metres and 0.9 metres at 3.2 g/t gold from 144 metres.
These results correlate with historical results and now show polymetallic (gold, base metals and iron) intersections across the drill horizon.
“The current drilling results show that high grade iron is also present at depth and is potentially related to other types of mineralisation present at the project,” the company said.
“Although the majority of the Euro project remains explored, the northern segment of the project — the Calais target — had surface geochemistry and percussion drilling during the 1990s and early 2000s.”
Tempest is currently planning further drilling, which is yet to receive regulatory approval. Further geological mapping and sampling is also being planned.
Tempest Minerals is down 12.5 per cent to 5.6 cents per share as of 10:24 am AEST.