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Tempus Resources (ASX:TMR) - Non Executive Chairman, Alexander Molyneux
Non Executive Chairman, Alexander Molyneux
Source: Tempus Resources
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  • Tempus Resources (TMR) has confirmed gold and copper mineralisation at its Valle del Tigre Project in Ecuador
  • Tempus conducted a sampling program which uncovered gold and copper mineralisation as well as slightly elevated levels of molybdenum, vanadium, manganese and zinc
  • The company plans to conduct geophysical modelling and a phase two sampling program to define targets for future diamond drilling
  • Company shares are down 3.03 per cent and trading at 16 cents

Tempus Resources (TMR) has received results from a phase one geochemical sampling program at the Valle del Tigre Project in Ecuador.

While it’s an early-stage project, Valle del Tigre is located in the highly prospective Cordillera del Condor mineral belt, which hosts a number of multi-million ounce projects.

The program included 167 soil samples, 20 stream sediment samples and nine rock samples. Pleasingly, results have confirmed the presence of gold and copper mineralisation at several trends of over two kilometres. Soil sampling also indicated the presence of bismuth, molybdenum and nickel.

In addition, rock sample results returned slightly elevated levels of copper, molybdenum, vanadium, manganese and zinc.

“The phase one geochemical sampling program confirms the presence of gold and copper mineralisation at Valle del Tigre. Tempus is now planning to complete a follow-up sampling program over the larger geochemical and geophysical target area,” CEO Jason Bahnsen said.

Tempus will now conduct geophysical modelling and a proposed phase two sampling program to define targets for future diamond drilling.

The permitting process has already been initiated for the project area to advance the drilling program.

Company shares are down 3.03 per cent and trading at 16 cents at market close.

TMR by the numbers
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