Tempus Resources (ASX:TMR) reports it has intersected ‘spectacular grades’ of gold at its Elizabeth Gold Project located in Southern British Columbia.
The company reports that it has received assay results from the first three holes for its 2022 campaign and has returned the ‘best intersection ever encountered’ at the Blackdome-Elizabeth Project.
Tempus reports assays over widths of up to 1.7m in multiple intersections including 523g/t Au over 0.42m from 96.91m, and 32.7g/t Au over 0.45m from 124.02m, including 133g/t over 0.11m from 124.02m.
The company still has 15 holes pending assay results.
Tempus Resources’ share price skyrocketed 75% to $0.105 on the back of the announcement as of 11.30am AWST.
Commenting on the results, CEO Jason Bahnsen said: “We have a phenomenal start, with drillhole 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”
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 wide Blue Vein structure.”
The Blackdome-Elizabeth Gold Project consists of two separate mineralisation styles with the Elizabeth Zone, located about 200km north of Vancouver and 35km northeast of the past producing Bralorne Gold Mine, which produced 4.2Moz of gold at a grade of 17.7 g/t.
The auriferous quartz vein mineralisation at the Elizabeth Zone in analogous to that found at the Bralorne Gold Mine. An historic Inferred Mineral Resource estimate, completed by SRK (2009), reported 206,000oz of gold at 12.26 g/t.
Images: Tempus Resources Ltd
