Further drilling results highlight the potential of blue veins | 2021-11-24 | Press release | Warehouse

2021-11-25 08:44:13 By : Mr. Focan Kang

Perth, Australia / ACCESSWIRE / November 24, 2021 / Tempus Resources Ltd ("Tempus" or "Company") (ASX: TMR) (TSXV: TMRR) (OTCQB: TMRFF) is pleased to announce the results of further drilling analysis The Elizabeth Gold Project from British Columbia, Canada. The drill holes reported in this version are EZ-21-15, EZ-21-16, EZ-21-17, EZ-21-18 and EZ-21-19. The drilling target is the SW vein and blue vein (EZ-21-19) with a vertical depth of less than 200 meters.

Jason Bahnsen, President and CEO of Tempus, commented: "Analysis of borehole EZ-21-19 shows that there continues to be a downward inclination of high-grade gold mineralization at the previously reported'rich ore' grade intersection at the newly discovered Blue Vein. The test results have now been received "in three of the seven holes intersecting with Blue Vein." Elizabeth's historical resources are mainly concentrated in SW Vein, and Blue Vein has great potential to expand the current resource base of the project. "

Tempus announced on September 27, 2021, that it had discovered a new blue vein with borehole EZ-21-12, with gold intersections visible in the core. The blue vein is located about 150 meters northwest and parallel to the southwest vein (see Figure 1). This previously unknown vein is now drilled by 7 holes (EZ-21-09, EZ-21-12, EZ-21-19, EZ-21-24, EZ-21-25, EZ-21-26, EZ- 21-27) shows an initial strike length of 380 meters (see Figure 2), four of which are awaiting analysis results.

Borehole EZ-21-12 (refer to the announcement on October 26, 2021) includes high-grade gold intersections with a content of 33.7 g/ton of gold within a range of 117.8 meters and 1.0 meters, and a range of 0.5 meters from 130.7 meters. 26.4 g/t gold and 8.4 g/t gold over 0.5m from 163.9 meters. The drilling angle of EZ-21-19 is steeper than that of EZ-21-12 and demonstrates the continuity of Blue Vein's downward dip.

The results from EZ-21-24 to EZ-21-27, specifically for the blue vein, successfully intersected with the quartz vein, and are currently being analyzed in the laboratory. For the Blue Vein drilling results received so far, please see Table 1 below.

Table 1-Elizabeth Gold Project Blue Vein Drill intersection

Gold grade (g/t Au)

MET screening grade (g/t Au)

*The actual thickness is estimated using a multiplier of 0.85.

Every drill hole reported today successfully intersected the Southwest vein and continues to show significant mineralization and anomalous gold value. The mineralized interval is consistent with the mesothermal/orogenic gold veins and contains high levels of arsenic, antimony, silver and mercury. Drill holes EZ-21-15, EZ-21-16, EZ-21-17, EZ-21-18, and EZ-21-19 target the southern part of the SW vein with a vertical depth of less than 200m. The detailed results are shown in Table 1 in Appendix 1.

Tempus has now completed exploration and drilling in Elizabeth in 2021. Elizabeth completed a total of 28 drill holes with a depth of approximately 7,740 meters. Combined with the 11 holes completed in 2020, since Tempus started drilling in November 2020, Tempus has now completed 39 holes in Elizabeth, totaling approximately 9,750 meters. See Appendix 1 Table 1 for drill collar information. There are currently 9 boreholes waiting for test results.

The underground development permit for the Elizabeth Lower Portal exploration drift is still pending (see the announcement on September 13, 2021).

Figure 1-Elizabeth Project-Drilling Plan

Figure 2-Elizabeth project-long section of blue vein

The information about the exploration results in this report is based on the information reviewed by Mr. Kevin Piepgrass, a member of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC), a recognized professional organization (RPO) and a member of Tempus Resources Staff. Mr. Piepgrass has sufficient experience related to the types of mineralization and deposit types under consideration and the activities he is engaged in to meet the qualifications of qualified personnel, mineral resources and ore reserves as defined in the 2012 edition of the Australian Exploration Results Reporting Specification, and as A qualified person who meets the purpose of NI43-101. Mr. Piepgrass agreed to include data in the form and context in which it appears.

TEMPUS RESOURCES LTD Melanie Ross-Director/Company Secretary Tel: 61 8 6188 8181

Tempus Resources Ltd ("Tempus") is a growth-oriented gold exploration company listed on the ASX ("TMR") and TSX.V ("TMRR") and OTCQB ("TMRFF") stock exchanges. Tempus is actively exploring projects in Canada and Ecuador. Tempus' flagship project is the Elizabeth-Blackdome project, a high-grade gold past production project located in southern British Columbia. Tempus is currently conducting a drilling program in Elizabeth-Blackdome, which will be the basis for the updated NI43-101/JORC resource estimate. Tempus' second group of key projects is the Rio Zarza and Valle del Tigre projects located in southeastern Ecuador. The Rio Zarza project is adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently accepting sampling plans to develop anomalies identified through geophysical work.

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements do not represent historical facts or information or current conditions, but only represent the company’s beliefs about future events, plans or goals, many of which are inherently uncertain and external in nature, Tempus’s control . Generally, such forward-looking information or forward-looking statements can be identified by using forward-looking terms such as "plan", "expected" or "unexpected", "anticipated", "budget", "planned" and other forward-looking terms. "," "estimate", "forecast", "intend", "anticipate" or "unexpected" or "believe", or variations of such words and phrases, or may contain certain acts, events or results "may" Statement, "may", "will", "may" 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 It is not limited to Tempus’s ability to successfully achieve business goals and expectations of other economic, business and/or competitive factors. Forward-looking statements and information are subject to a variety of known and unknown risks and uncertainties, many of which are risks and uncertainties. Certainty is beyond Tempus’s control or predictive power, and may lead to Tempus’s actual results, performance or achievements and expressions or implied accordingly, and is based on assumptions and assumptions about such risks, uncertainties and other factors listed here. Page 27 The management of the company established September 30, 2021 on the other risks and uncertainties disclosed under the heading "Risk and Uncertainty" in the discussion and analysis as of the quarter ended, and the date is November 15, 2021. Submitted on SEDAR. If one or more of these risks, uncertainties or other factors become reality, or if the assumptions on which forward-looking information or statements are based prove to be incorrect, actual results may differ from those described here The expectations, plans, expectations, beliefs, estimates or expected results are materially different. Although Tempus believes that the assumptions and factors used in the preparation of forward-looking information and statements and the expectations contained therein are reasonable, it should not be overly dependent on such Information and statements, and there is no guarantee or guarantee that such information and statements forward-looking information and statements will prove to be accurate, because actual results and future events may differ materially from those expected in such information and statements. In this press release The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release. Tempus does not undertake to update any forward-looking information and/or forward-looking statements contained or referenced except in accordance with applicable securities laws. All subsequent by Tempus or on its behalf All written and verbal forward-looking information and statements provided by persons acting are fully restricted by this notice. TSX Risk Exchange or its regulatory service provider (the term is defined in the TSX Risk Exchange’s policies) is not responsible for this press release Responsibility for the adequacy or accuracy of the

Table 1: Drilling collar table

*The actual thickness is estimated using a multiplier of 0.85.

Appendix 2: The following table is provided to ensure compliance with JORC Code (2012) requirements for report of exploration results for the Elizabeth-Blackdome Gold project

(The standards in this section apply to all subsequent sections.)

Occurs due to preferential loss/increase of fine/coarse materials.

Sub-sampling technique and sample preparation

Quality of laboratory data and laboratory tests

Data direction related to geological structure

(The standards listed in the previous section also apply to this section.)

Status of mineral rights and land ownership

(See the announcement of the Australian Securities Exchange on December 15, 2020)

Exploring by other parties

The mining operation lasted six months and ended in May 1999. During this period, 6,547 ounces of gold and 17,300 ounces of silver were produced from 21,268 tons of ore. In the next few years, Claimstaker continued with further exploration plans and introduced a Japanese joint venture partner, prompting it to change its name to J-Pacific Gold Inc. The partnership ended in 2010, resulting in another change of name to Sona Resources Corp.

The Blackdome is also related to the Kamloops group seen in the Ashcroft and Nikola regions.

Geochemical studies (Vivian, 1988) indicate that these rocks are derived from "calc-alkaline" magma in a volcanic arc-type tectonic environment. The Eocene granite intrusion of Poison Mountain, about 22 kilometers southwest of Blackdome, is the host of the gold-bearing porphyry copper/molybdenum deposit. It is speculated that this or related intrusions may reflect the source magma of the volcanic rocks seen in the black dome. A few kilometers south of the mining area near Lone Cabin Creek, there is some documented evidence of young granite.

The youngest rock at present is the Oligocene to Miocene basalt of the Chilkotin Group. They are exposed on the highest slope south of Heiqiong Mountain and Red Mountain.

The brittle fault is believed to have occurred at the same time as the mid-Eocene extensional fault along the Marshall Creek, Mission Ridge, and Quartz Mountain faults.

In the report, the qualified person should clearly explain why this happened.

The relationship between mineralization width and intercept length

Annular location and appropriate cross-sectional view.

The information is not commercially sensitive.

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