The exploration program is on schedule and will include resource extension, verification, and exploration of newly discovered targets, including the prospect 2.5 kilometres from the known Elizabeth deposit.
() is set to begin its Canadian field programs in Q2 2020, comprising sampling and analysis of mineralised drill core from previous drilling programs at the Blackdome-Elizabeth Project.
The programs will focus on resource extension, verification, and exploration of newly discovered targets, including the prospect 2.5 kilometres from the known Elizabeth deposit.
Key management and contractors are based locally in British Columbia, with individuals working remotely as a matter of course.
Preliminary Economic Assessment review
Following the current strength in the gold price and potential for a fast track development of this resource, Tempus has begun a review of the Preliminary Economic Assessment previously completed for the project.
This review will assess project value given the current gold price and exchange rates, and determine the requirements and timeframe for a definitive feasibity study (DFS) to be completed on this part of the overall Blackdome-Elizabeth Project development.
The previous financial modeling and technical work programs completed on the Blackdome Tailings Project did not take into account the considerable quantity of silver present in the tailings, which Tempus believes is likely to make a significant contribution to the potential revenues from the project.
The company will also consider significant technical advances made in the treatment of tailings since the last technical work was completed.
Rio Zarza drilling to begin late 2020
Permits have been received to begin drilling at the Rio Zarza Project, directly adjacent to the world-class producing Fruta del Norte gold-silver mine.
However, given current travel restrictions, drilling will likely take place later in 2020 after physical exploration works at Blackdome-Elizabeth have been able to begin and ramped up.
Preliminary 2D results from the recently completed ZTEM airborne geophysical survey over the entire Zamora Projects in Ecuador have been received, with 3D inversion modeling in progress.
The 3D inversion modeling will provide greater definition of the targets already identified in the 2D data, and a market update will be provided once this work is complete.
