TEMPUS RESOURCES LIMITED Perth, Australia--(Newsfile Corp. - January 26, 2021) - Tempus Resources Ltd. (ASX: TMR) (TSXV: TMRR) ("Tempus Resources" or the "Company") is pleased to announce that it has commenced the 2021 exploration program at its Valle del Tigre II Project located in south eastern Ecuador.
The Valle del Tigre II project is a grassroots stage, exploration project in the highly prospective Cordillera del Condor mineral belt of southeast Ecuador. Valle del Tigre II boundary is situated approximately 2.5 km northwest of Lundin Mining's Fruta del Norte, epithermal Au-Ag deposit (7.35 M oz Au @ 9.61 g/t Indicated Resource) and approximately 15 km southwest of the Mirador Cu-Au porphyry deposit (3.2 Mt Cu, 3.4 Moz Au, and 27.1 Moz Ag in proven and probable reserves) owned by CRCC-Tongguan Investment Co., as shown in figure 1. The property is underlain by the same sedimentary rocks and lies within the same rift faulting corridor as Fruta del Norte.
Figure 1: Valle del Tigre II Location
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7585/72900_5185ff6a849b18c2_001full.jpg
In 2019/20, Tempus Resources completed a 600 line-km ZTEM airborne geophysics survey, conducted by Geotech Ltd. over the Rio Zarza and Valle del Tigre II Properties. The 3D resistivity inversion data has delineated a strong resistivity/conductive anomaly that will be the target to the Phase I exploration program in Valle del Tigre II (as shown in Figure 2). The Phase I target area also coincide with historic prospecting conducted by Condor Gold in 2008 where native gold was identified in pan concentrates. Copper minerals were also identified in the same area.
The Phase I program will consist of ridge-and-spur soil sampling, stream sediment sampling and field mapping and provide valuable reconnaissance information for follow up exploration on the property.
Figure 2: Valle del Tigre II Exploration
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/7585/72900_5185ff6a849b18c2_002full.jpg
This announcement has been authorised by the Board of Directors of Tempus Resources Limited.
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Kevin Piepgrass, who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which it appears.
For further information, please contact:
TEMPUS RESOURCES LTD
Melanie Ross - Director/Company Secretary
P: +61 8 6188 8181
E: info@tempusresources.com.au
www.tempusresources.com.au
About Tempus Resources Ltd
Tempus Resources Ltd ("Tempus") is a growth orientated gold exploration company listed on ASX ("TMR") and TSX.V ("TMRR") stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high-grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate leading to a PEA study in 2021. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's listing application dated December 3, 2020 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72900
