Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) has delivered the ‘best intersection ever’ with bonanza gold grades up to 523g/t over 0.42 metres from its diamond drilling program at the Elizabeth Gold Project in Southern British Columbia, Canada.
Notably, assay results have been received for the first three drill holes of the 2022 drilling campaign which delivered bonanza gold grades including:
- 523.0 g/t gold over 0.42 metres from 96.91 metres;
- 32.7 g/t gold over 0.45 metres from 124.02 metres, including 133.0 g/t gold over 0.11 metres from 124.02 metres; and
- 7.4 g/t gold over 1.73 metres from 164.41 metres, including 17.4 g/t gold over 0.73 metres from 165.41 metres.
The market welcomed the news, with shares trading as high as $0.089, up 48.3% from previous close.
“Phenomenal start”
Tempus president and CEO Jason Bahnsen said: “We have a phenomenal start, with drill-hole EZ-22-03 reporting the highest-grade intersections we’ve ever seen at Elizabeth!
“The spectacular grades are a cause for celebration given the Blue Vein was only discovered late last year but what’s potentially more important is that every hole had multiple gold intersections spaced relatively close together.
“This indicates potential for stacked high-grade vein mineralisation within a wider Blue Vein structure.”
Drill program
Tempus’ 2022 exploration campaign at Elizabeth officially began on May 30, when the company started diamond drilling EZ-22-01, a hole that targets the extension to the high-grade Blue Vein discovered last year.
To date, 18 drill holes have been completed with 15 holes pending assay.
Blue vein discovery
Tempus' 2022 drilling is testing the Blue Vein structure over a total strike length of approximately 400 metres.
The Blue Vein was discovered in late 2021, with assay results now received for 10 holes intersecting the vein to date.
Drilling to date shows that the Blue Vein is not a single structure. Each of the drill holes being reported today (EZ-22-01, EZ-22-02 and EZ-22-03) 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 a wider Blue Vein structure.