Tempest Minerals (ASX:TEM) is planning further exploration work at its Sanity and Remorse targets before the end of the year after uncovering new zones of gold anomalism through recent surface sampling.
The company says results from sampling at Sanity, which is part of its Yalgoo projects in Western Australia, have yielded new zones of ‘strong’ anomalism for gold and other metals.
Peak rock chips returned values of up to 7 grams per tonne (g/t), 0.2% copper, and greater than 60% iron.
Tempest says the results have been returned from within ‘broader’ envelopes of anomalous soil geochemistry with peak gold values of up to 80 parts per billion (ppb) and copper values of up to 1,200 parts per million (ppm).
The company is busy assessing results ahead of further sampling and mapping in Q4.
Tempest says subject to the outcome of further assessment works, it will potentially move forward with a drilling program in Q2 2024.
Tempest Minerals is scheduled to exhibit at the upcoming International Mining and Resources Conference (IMARC) held in Sydney from 31 October to 2 November 2023. Mining.com.au is an official media partner of IMARC, which will showcase 470-plus mining leaders and resource experts throughout 7 concurrent conferences.
Tempest Minerals is a mineral explorer with a diversified portfolio of projects in Western Australia considered ‘highly prospective’ for precious, base, and energy metals.
The company’s Western Australian assets include the Five Wheels, Mount Magnet, Yalgoo, YLP, and Elephant projects, and it also has exposure to lithium and lithium brine in Mozambique, Zimbabwe, and Nevada.
Tempest’s wholly owned Yalgoo projects comprise a multitude of prospective targets, including Sanity, which represents a local distortion in geophysical datasets that correlates ‘strongly’ with a multi-element geochemical anomaly in collected samples.
Tempest Minerals had $2.644 million cash and cash equivalents at hand as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Tempest Minerals