Tempus Successfully Completes 2022 Drilling at Elizabeth Project

By: Newsfile

November 01, 2022 at 07:00 AM EDT

Perth, Australia--(Newsfile Corp. - November 1, 2022) - Tempus Resources Ltd. (ASX: TMR) (TSXV: TMRR) (OTC: TMRFF) ("Tempus" or "the Company") is pleased to announce the completion of the expanded 2022 drilling program at the Elizabeth Gold Project.

HIGHLIGHTS

Tempus has now completed the enlarged 2022 drilling program at Elizabeth completing 40 drill-holes for a total of approximately 9,760 metres, with this program being considered the most successful to date, including:
- Building on the 2021 discovery of Blue Vein to expand the known high-grade strike on that vein to over 300 metres, with 8 "bonanza" grade intersections of over 1oz gold per tonne to date with the vein still open down-dip and along strike
- Identification of a potentially high-grade extension zone of the No. 9 vein with 10 holes drilled including 3 drill holes reporting visible gold over wide quartz veining intervals, (assays pending)
- Potential extensions to the West and Main Vein structures observed in drill-holes EZ-22-24, EZ-22-31, EZ-22-31, EZ-22-33 (assays pending)
- Potential new vein discovery at Ella Zone prospect approximately 400 metres to the southeast of the main Elizabeth Gold Project (assays pending)
Visible gold has been reported in EZ-22-36, intercepting the Blue Vein extending the high-grade zone in the Blue Vein by approximately 75 metres to the southwest (the 6^th reported observation of visible gold in the 2022 drilling)
Assays for 27 drill-holes from the 2022 program at Elizabeth remain pending, including 4 holes where visible gold has been reported and including the potential discovery holes for the Ella Zone prospect and extensions of No. 9 Vein, West Vein and Main Vein

Tempus Resources, President and CEO, Jason Bahnsen, commented, "We have completed a record year at the Elizabeth Project with 40 holes drilled. We have significantly expanded our vein sets in development with the addition of the No. 9 and the Blue Veins as a priority targets alongside the SW Vein, Main and West Veins plus the potential of the new Ella Zone. It's a truly wonderful evolution for the project to now have multiple open high-grade vein zones in development, a great credit to our exploration team!"

2022 Drill Program

Tempus has now completed the 2022 drilling program at Elizabeth with a total of 40 holes completed over approximately 9,760 metres, a 65% increase on 2021 (28 drill-holes). The drilling program was completed with a single diamond core drill rig drilling predominately HQ size core.

As of the date of this announcement, Tempus has reported the results of 13 drill-holes with assays for the remaining 27 drill-holes pending. See Figure 1, Figure 2, Figure 3 and Table 1 below showing the location of drill holes and target veins in the 2022 drill program.

Table 1 - Elizabeth 2022 Drill-hole Distribution and Target Veins

Target Vein	Drill Holes	Comment
Blue Vein	21	Assays for 13 holes received, 8 holes pending assays including #36 VG
SW Vein	2	Assays pending
No 9 Vein	10	All assays pending including #19 VG, #20 VG over 25 metres, #28 VG
Main/West Vein	4	Drilling established the extensions of the Main and West Vein with intersections of mineralised quartz veins / veinlets up to 1.1m width – assays pending
Ella Zone	3	Targeting new vein
Total	40	Total 9,760 metres

At the Blue Vein, assays for 32 significant intersections have been received over 13 drill-holes with 5 'bonanza grade' intersections (over 1 oz gold per tonne) received to date. Assays for 8 more Blue Vein drill-holes are pending including the recently drilled EZ-22-36 where grains of visible have been observed in the cut drill core over a 0.20 metre intersection of quartz veining from 188.38 metres. The visible gold observed in quartz veining in drill hole EZ-22-36 extends the known gold mineralisation of the Blue Vein by approximately 75 metres, increasing the strike zone of high-grade gold mineralisation to over 300 metres within the overall 400 metre long strike of the Blue Vein structure (See Figure 2). The Blue Vein remains open along strike and at depth. (Note: there was no sulphide mineralisation observed in the drill core).

Drilling at the No. 9 Vein intersected wide zones of quartz veining with visible gold reported in EZ-22-19, EZ-22-20 (which is one of the most visibly exciting holes ever drilled at Elizabeth, with a 25.75 metre zone of sheeted quartz with multiple occurrences of visible gold from 94.8 metres) and EZ-22-21 with the potential to increase the known high-grade strike in development there up to approximately 100 metres. Assays for 10 drill-holes targeting the No. 9 Vein remain pending,

At the Main and West Veins, 4 holes have been drilled that have intersected extensions to the quartz veins with widths of up to 1.1 metres. The vein intersections extend the know vein structures for both the Main and West Veins by approximately 200 metres to the south (See Figure 2).

To finish the 2022 drilling program off, three holes (EZ-22-38 to EZ-22-40) were drilled at the Ella Zone prospect, approximately 400 metres southeast of the main Elizabeth exploration area. Ella Zone has no previous drilling on it but was developed as a prospect in 2021 based on a mapped outcropping of the Blue Creek feldspar porphyry (known host to gold mineralisation at Elizabeth) and surface geochemical sampling.

Regardless of whether any initial results from Ella Zone turn that prospect into another key priority for development of mineralisation at Elizabeth, 2022 exploration has been incredibly successful and has built well on 2021.

Since Tempus began drilling at Elizabeth in November 2020, a total of 80 drill holes have been completed. Combined with drilling completed in 2010 (25 drill-holes) and 2011 (24 drill-holes), there will be results from 129 new drill-holes that will contribute the planned updated Mineral Resource estimate, which depending on the timing of remaining assay receipts is expected to be complete around Q1 2023. This is an increase of approximately 275% compared to the 74 drill-holes that the 2009 historic resource estimate was based on.

Figure 1 - Elizabeth plan view showing 2022 drill-hole locations

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7585/142549_a60311ea441ca8e6_002full.jpg

Figure 2 - Blue Vein Section View

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7585/142549_a60311ea441ca8e6_003full.jpg

Figure 3 - Elizabeth Vein Set Cross Section View

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/7585/142549_a60311ea441ca8e6_004full.jpg

This announcement has been authorised by the Board of Directors of Tempus Resources Limited.

Competent Persons Statement

Information in this report relating to Exploration Results is based on information reviewed by Mr. Sonny Bernales, who is a Member of the Engineers and Geoscientists British Columbia (EGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Bernales has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Bernales consents to the inclusion of the data in the form and context in which it appears.

For further information:

TEMPUS RESOURCES LTD

Melanie Ross - Director/Company Secretary Phone: +61 8 6188 8181

About Tempus Resources Ltd

Tempus Resources Ltd ("Tempus") is a growth orientated gold exploration company listed on ASX ("TMR") and TSX.V ("TMRR") and OTCQB ("TMRFF") stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading "Risk and Uncertainties" in the Company's Management's Discussion & Analysis for the year ended June 30, 2022 dated September 28, 2022 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice.

Neither the ASX Exchange, the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Appendix 1

Table 1: Drill Hole Collar Table

Hole ID	Target	UTM Easting (NAD83Z10)	UTM Northing (NAD83Z10)	Elevation (m)	Length (m)	Azimuth (^o)	Dip (^o)
EZ-22-01	Blue Vein	530953	5653772	2392	222.0	130	-65
EZ-22-02	Blue Vein	530953	5653772	2392	225.0	108	-65
EZ-22-03	Blue Vein	530953	5653772	2392	198.0	95	-50
EZ-22-04	Blue Vein	531200	5653774	2393	375.0	285	-55
EZ-22-05	Blue Vein	531130	5653775	2399	156.0	280	-45
EZ-22-06	Blue Vein	531130	5653775	2399	237.0	290	-55
EZ-22-07	Blue Vein	531130	5653775	2399	216.0	298	-45
EZ-22-08	Blue Vein	531039	5653887	2422	201.0	133	-50
EZ-22-09	Blue/SW Vein	530953	5653772	2392	468.0	101	-53
EZ-22-10	Blue Vein	530953	5653772	2392	210.0	95	-65
EZ-22-11	Blue Vein	531039	5653887	2422	207.0	110	-60
EZ-22-12	Blue Vein	531039	5653887	2422	216.0	85	-50
EZ-22-13	Blue Vein	531039	5653887	2422	251.0	123	-65
EZ-22-14	Blue Vein	531004	5653896	2428	249.0	138	-65
EZ-22-15	Blue Vein	531004	5653896	2428	240.0	130	-65
EZ-22-16	Blue Vein	531004	5653896	2428	242.0	120	-65
EZ-22-17	Blue Vein	531004	5653896	2428	250.7	160	-65
EZ-22-18	Blue Vein	531004	5653896	2428	258.0	150	-65
EZ-22-19	No.9 Vein	531041	5653893	2422	201.0	284	-63
EZ-22-20	No.9 Vein	531041	5653893	2422	270.0	284	-67
EZ-22-21	No.9 Vein	531041	5653893	2422	216.0	294	-63
EZ-22-22	No.9 Vein	531041	5653893	2422	183.0	274	-63
EZ-22-23	No.9 Vein	531041	5653893	2422	201.0	264	-63
EZ-22-24	West/Main Veins	531347	5653777	2378	405.0	100	-45
EZ-22-25	No.9 Vein	531039	5653888	2422	181.0	254	-63
EZ-22-26	No.9 Vein	531039	5653888	2422	201.0	244	-63
EZ-22-27	No.9 Vein	531038	5653891	2422	201.0	308	-63
EZ-22-28	No.9 Vein	531038	5653891	2422	234.0	318	-63
EZ-22-29	SW vein	531136	5653860	2422	246.0	111	-48
EZ-22-30	SW vein	531136	5653860	2422	230.3	111	-55
EZ-22-31	West/Main Veins	531351	5653773	2378	444.0	110	-52
EZ-22-32	West/Main Veins	531352	5653773	2378	447.0	125	-52
EZ-22-33	West/Main Veins	531352	5653773	2378	390.0	140	-52
EZ-22-34	Blue Vein	530887	5653765	2382	246.0	120	-55
EZ-22-35	Blue Vein	530885	5653769	2382	204.0	130	-45
EZ-22-36	Blue Vein	530885	5653769	2382	210.0	140	-47
EZ-22-37	No.9 Vein	530888	5653769	2382	201.0	290	-45
EZ-22-38	Ella Zone	531917	5653591	2096	102.0	80	-45
EZ-22-39	Ella Zone	531917	5653591	2096	156.0	110	-60
EZ-22-40	Ella Zone	531917	5653591	2096	170.0	140	-60

Table 2: Significant Interval Table

Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-22-01	123.90	124.70	0.80	0.68	2.07	2.07	Blue Vein
and	125.90	126.00	0.10	0.08	3.82	3.82	Blue Vein
and	161.42	161.82	0.40	0.34	2.25	2.25	Blue Vein
EZ-22-02	147.65	147.83	0.18	0.15	6.88	6.88	Blue Vein
and	185.25	185.85	0.60	0.51	1.89	1.89	Blue Vein
EZ-22-03	96.91	97.33	0.42	0.36	2.05	523.00	Blue Vein
and	124.02	124.47	0.45	0.38	32.66	Not Preformed	Blue Vein
including	124.02	124.13	0.11	0.09	130.00	133.00	Blue Vein
and	164.41	166.14	1.73	1.47	7.41	Not Preformed	Blue Vein
including	165.41	166.14	0.73	0.62	17.40	Not Preformed	Blue Vein
EZ-22-04	353.8	354	0.2	0.17	1.25	Not Preformed	Blue Vein
EZ-22-05	44.5	45.2	0.7	0.595	11.20	Not Preformed	Blue Vein
and	56.8	57	0.2	0.17	1.38	Not Preformed	Blue Vein
and	84.65	85.55	0.9	0.765	1.33	Not Preformed	Blue Vein
and	98	99	1	0.85	2.62	Not Preformed	Blue Vein
EZ-22-06	40.2	40.9	0.7	0.595	1.91	Not Preformed	Blue Vein
and	47.8	48.15	0.35	0.2975	1.17	Not Preformed	Blue Vein
and	153.35	155	1.65	1.4025	1.71	Not Preformed	Blue Vein
Including	154.15	155	0.85	0.7225	2.79	Not Preformed	Blue Vein
EZ-22-07	164.6	164.92	0.32	0.272	1.45	Not Preformed	Blue Vein
and	165.66	165.79	0.13	0.1105	7.30	Not Preformed	Blue Vein
and	170.17	170.4	0.23	0.1955	48.60	Not Preformed	Blue Vein
EZ-22-08	120.6	121	0.4	0.34	0.494	Not Preformed	Blue Vein
EZ-22-09	105.12	106.17	1.05	0.89	322.54	310.72	Blue Vein
including	105.12	105.32	0.20	0.17	1,654	1,572	Blue Vein
	105.32	106.17	0.85	0.72	9.25	13.95	Blue Vein
and	161.13	162.00	0.87	0.74	2.68	Not Preformed	Blue Vein
and	356.19	358.38	2.19	1.86	0.41	Not Preformed	SW Vein
Including	356.19	356.70	0.51	0.43	1.05	Not Preformed	SW Vein
EZ-22-10	193.1	194.75	1.65	1.40	0.61	Not Preformed	Blue Vein
Including	193.98	194.23	0.25	0.21	0.997	Not Preformed	Blue Vein
EZ-22-11	102.45	193.42	91.37	77.67	0.31	Not Preformed	Blue Vein
including	102.45	104.75	2.30	1.96	11.75	Not Preformed	Blue Vein
including	103.15	103.45	0.30	0.26	85.20	Not Preformed	Blue Vein
EZ-22-12	137.65	139.33	1.68	1.43	1.26	Not Preformed	Blue Vein
including	138.80	139.33	0.53	0.45	2.08	Not Preformed	Blue Vein
EZ-22-13	108.52	108.77	0.25	0.21	1.62	Not Preformed	Blue Vein
and	111.00	111.27	0.27	0.23	1.03	Not Preformed	Blue Vein
and	112.34	112.45	0.11	0.09	15.30	Not Preformed	Blue Vein
and	196.42	196.60	0.18	0.15	1.49	Not Preformed	Blue Vein
and	215.83	216.00	0.17	0.14	1.95	Not Preformed	Blue Vein

*true thickness is estimated using a multiplier of 0.85. The Company considers anything over 0.2 g/t gold as significant. **no significant intervals

Appendix 2: The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of Exploration Results for the Elizabeth - Blackdome Gold Project

Section 1: Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	HQ (63.5 mm) sized diamond core using standard equipment. Mineralised and potentially mineralised zones, comprising veins, breccias, and alteration zones were sampled. Samples were half core. Typical core samples are 1m in length. Core samples sent to the lab will be crushed and pulverized to 85% passing 75 microns. A 50g pulp will be fire assayed for gold and multi-element ICP. Samples over 10 g/t gold will be reanalysed by fire assay with gravimetric finish
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Diamond Drilling from surface (HQ size)
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Detailed calculation of recovery was recorded, with most holes achieving over 95% No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged.	Detailed geological and geotechnical logging was completed for each hole. All core has been photographed. Complete holes were logged.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	Half core was sampled, using a core saw. Duplicate samples of new and historical core are Quarter core or half core where not previously sampled Sample sizes are considered appropriate for the grain size of the material being sampled. It is expected that bulk sampling will be utilised as the project advances, to more accurately determine grade.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	Core samples that have been sent to the lab for analysis include control samples (standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples. In addition to the minimum rate of inserted control samples, a standard or a blank is inserted following a zone of mineralization or visible gold Further duplicate samples were analysed to assess variability
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	Re-assaying of selected intervals of historic core have been sent for analysis.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control.	All sampling points were surveyed using a hand held GPS. UTM grid NAD83 Zone 10. A more accurate survey pickup will be completed at the end of the program, to ensure data is appropriate for geological modelling and Resource Estimation. Down hole surveys have been completed on all holes.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied.	Most drilling is targeting verification and extension of known mineralisation. It is expected that the data will be utilised in a preparation of a Mineral Resource statement. Additional drilling is exploration beneath geochemical anomalies, and would require further delineation drilling to be incorporated in a Mineral Resource.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	In general, the aim was to drill perpendicular to the mineralised structures, to gain an estimate of the true thickness of the mineralised structures. At several locations, a series (fan) of holes was drilled to help confirm the orientation of the mineralised structures and to keep land disturbance to a minimum.
Samples Security	The measures taken to ensure sample security.	Samples from Elizabeth were delivered to the laboratory by a commercial transport service.
Audits or Reviews	The results of any audits or reviews of sampling techniques and data.	An independent geological consultant has recently visited the site as part of preparing an updated NI43-101 Technical Report for the Project.

Section 2: Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral tenement and land tenure status	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Blackdome-Elizabeth Project is comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases. The Property is located in the Clinton and Lillooet Mining Divisions approximately 230 km NNE of Vancouver Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement (refer to ASX announcement 15 December 2020) A net smelter royalty of 3% NSR (1% purchasable) applies to several claims on the Elizabeth Property. No royalties apply to the Blackdome Property or Elizabeth Regional Properties. There are currently no known impediments to developing a project in this area, and all tenure is in good standing.
Exploration done by other parties	Acknowledgment and appraisal of exploration by other parties.	In the 1940s, placer gold was discovered in Fairless Creek west of Blackdome Summit. Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartz veins on the southwest slope of the mountain that resulted in the staking of mining claims in 1947. Empire Valley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basic surface work during the 1950s. The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd. re-staked the area and performed surface work in addition to underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with various joint venture partners that resulted in a positive feasibility study. A 200 ton/day mill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991, having produced 225,000 oz of Au and 547,000 oz of Ag from 338,000 tons of ore (Godard et al., 2010) After a period of inactivity, Claimstaker Resources Ltd. took over the project, reopening the mine in late 1998. Mining operations lasted six months and ended in May of 1999. During this period, 6,547 oz of Au and 17,300 oz of Ag were produced from 21,268 tons of ore. Further exploration programs were continued by Claimstaker over the following years and a Japanese joint venture partner was brought onboard that prompted a name change to J-Pacific Gold Inc. This partnership was terminated by 2010, resulting in another name change to Sona Resources Corp. Gold-bearing quartz veins were discovered near Blue Creek in 1934, and in 1940-1941 the Elizabeth No. 1-4 claims were staked. Bralorne Mines Ltd. optioned the property in 1941 and during the period 1948-1949, explored the presently- named Main and West Veins by about 700 metres of cross-cutting and drifting, as well as about 110 metres of raises. After acquiring the Elizabeth Gold Project in 2002, J- Pacific (now Sona) has conducted a series of exploration programs that included diamond drilling 66 holes totalling 8962.8 metres (up until 2009) Other exploration work by Sona at the Elizabeth Gold Project has included two soil grid, stream sediment sampling, geological mapping and sampling, underground rehabilitation, structural mapping and airborne photography and topographic base map generation.
Geology	Deposit type, geological setting and style of mineralisation.	The Blackdome property is situated in a region underlain by rocks of Triassic to Tertiary age. Sedimentary and igneous rocks of the Triassic Pavilion Group occurring along the Fraser River represent the oldest rocks in the region. A large, Triassic age, ultramafic complex (Shulaps Complex) was emplaced along the Yalakom fault; a regional scale structure located some 30 kilometres south of the property. Sediments and volcanics of the Cretaceous Jackass Mountain Group and Spences Bridge/Kingsvale Formations overlie the Triassic assemblages. Some of these rocks occur several kilometres south of Blackdome. Overlying the Cretaceous rocks are volcanics and minor sediments of Eocene age. These rocks underlie much of Blackdome and are correlated with the Kamloops Group seen in the Ashcroft and Nicola regions. Geochemical studies (Vivian, 1988) have shown these rocks to be derived from a "calc-alkaline" magma in a volcanic arc type tectonic setting. Eocene age granitic intrusions at Poison Mountain some 22 kilometres southwest of Blackdome are host to a gold bearing porphyry copper/molybdenum deposit. It is speculated that this or related intrusions could reflect the source magmas of the volcanic rocks seen at Blackdome. There is some documented evidence of young granitic rocks several kilometres south of the mine near Lone Cabin Creek. The youngest rocks present are Oligocene to Miocene basalts of the Chilcotin Group. These are exposed on the uppermost slopes of Blackdome Mountain and Red Mountain to the south. Transecting the property in a NE-SW strike direction are a series of faults that range from vertical to moderately westerly dipping. These faults are the principal host structures for Au- Ag mineralisation. The faults anastomose, and form sygmoidal loops. The area in which the Elizabeth Gold Project is situated is underlain by Late Paleozoic to Mesozoic rock assemblages that are juxtaposed across a complex system of faults mainly of Cretaceous and Tertiary age. These Paleozoic to Mesozoic-age rocks are intruded by Cretaceous and Tertiary-age stocks and dykes of mainly felsic to intermediate composition, and are locally overlain by Paleogene volcanic and sedimentary rocks. The Elizabeth Gold Project is partly underlain by ultramafic rocks of the Shulaps Ultramafic Complex, which include harzburgite, serpentinite and their alteration product listwanite. The gold mineralisation found on the Elizabeth Gold Project present characteristics typical of epigenetic mesothermal gold deposits. The auriferous quartz vein mineralisation is analogous to that found in the Bralorne- Pioneer deposits. Gold mineralisation is hosted by a series of northeast trending, steeply northwest dipping veins that crosscut the Blue Creek porphyry intrusion. The Main and West vein systems display mesothermal textures, including ribboned-laminated veins and comprehensive wall rock breccias. Vein formation and gold mineralisation were associated with extensional-brittle faulting believed to be contemporaneous with mid- Eocene extensional faulting along the Marshall Creek, Mission Ridge and Quartz Mountain faults.
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar dip and azimuth of the hole down hole length and interception depth hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.	Refer to Appendix 1 for drill hole collar information.
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated.	Intervals reported using several samples are calculated using a weighted average. Calculated intervals using a weighted average did not use a top cut on high-grade samples. High-grade samples are reported as 'including' Calculated weighted average intervals are continuous intervals of a mineralized zone and do not include unsampled intervals or unmineralized intervals.
Relationship between mineralisation widths and intercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').	In general, drilling is designed to intersect the mineralized zone at a normal angle, but this is not always possible. For the reported intervals, true widths are reported where mineralized core was intact and possible to measure the orientation. Otherwise the true width is left blank.
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Refer to maps within announcement for drill hole locations.
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	Where broader low-grade intervals are reported the high-grade intercepts are reported as 'including' within the reported interval.
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones. The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling. The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored / mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2. This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep.
Further work	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large- scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	Tempus plans to update historical NI43-101 foreign resource estimates to current NI43-101 and JORC 2012 standards Tempus is also seeking to expand the scale of the mineralisation at the project through further exploration.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142549

Search Hotels in Mill Valley

Find A Business

or Browse Listings

Tempus Successfully Completes 2022 Drilling at Elizabeth Project