- Tempus Resources (TMR) has intersected high-grade gold and silver from the Blackdome zone at the Blackdome-Elizabeth Gold Project in Canada
- 26 holes were drilled, with up to 28.3g/t gold and 513g/t silver intersected
- Now, Tempus has begun the modelling process to prepare an independent mineral resource estimate
- That's slated for release once current drilling wraps up
- Company shares are up 4.17 per cent at market close, trading at 25 cents
Tempus Resources (TMR) has intersected high-grade gold and silver from the Blackdome zone at the Blackdome-Elizabeth Gold Project.
The Blackdome-Elizabeth Project lies within the gold producing area of British Columbia and is made up of two separate mineralisation styles — the Elizabeth zone and the Blackdome zone.
The Elizabeth zones lies 200 kilometres north of Vancouver and has a historical inferred mineral resource estimate of 206,000 ounces of gold at 12.26g/t.
The Blackdome zone lies 30 kilometres north of Elizabeth and has an indicated resource of 52,600 ounces of gold at 11.29g/t and an inferred resource of 25,000 ounces of gold at 8.79g/t.
26 holes, for 5087 metres, were drilled across Blackdome at the Giant Vein, No. 17 Vein, No. 19 Vein, Redbird Vein, New Vein, and the No. 3 Vein.
Significant results include 19.4 metres at 1.46g/t gold and 20.8g/t silver from 90 metres, including 0.6 metres at 28.3g/t gold and 513g/t silver from 101.9 metres.
The results are encouraging as they confirm the high grades and continuity in the No. 3 Vein.
"Blackdome drilling has been successful in verifying past work at the project," Managing Director Brendan Borg said.
"The historically dismissed broad and continuous mineralised haloes provide further evidence of the size of the mineralised system, and we are excited about the impact these zones may have on the pending mineral resource update and development potential given the infrastructure and permitting advantage Blackdome benefits from," he added.
Tempus has begun the modelling process to prepare an independent mineral resource estimate which will be in compliance with Australian and Canadian standards.
It is estimated that the updates will be completed once the current drilling program wraps up and all results have been returned.
Tempus has ended the day 4.17 per cent in the green with shares trading at 25 cents in a $19.08 million market cap.