Tempus Resources granted trading halt ahead of acquisition news
Thursday, 15 August 2019 Tempus Resources Ltd (ASX:TMR) has an acquisition announcement pending and has been granted a trading halt by the ASX. The trading halt will remain in place until Monday, August 19, or when an announcement is made to market, whichever occurs earliest. Tempus securities last traded at 14 cents. Maiden drilling program at NT copper project The company is testing high-grade surface copper mineralisation and soil geochemical anomalies through a maiden drilling program at the Montejinni Copper Project in the NT. A 65-hole aircore drilling program started on July 18 near Top Springs with initial results expected later this quarter. Notable results from a rock chip sampling program conducted in September 2018 returned high-grade copper including 22.99%, 19.77%, 18.95% and 12.90% with elevated silver results of up to 43.8 g/t also received. Exploring gold project in Ecuador Tempus is also expecting to start initial exploration on the Rio Zarza Gold Project in a prolific gold belt in the exploration hotspot of Ecuador. This project is adjacent to and within the same district as the world-class Fruta del Norte Gold Project under development by Lundin Gold Inc (TSX:LUG), 27% owned by Newcrest Mining Ltd (ASX:NCM). The company aims to take a systematic approach involving ionic geochemistry and field mapping/sampling with the intention of refining existing targets generated by previous explorers.