Tempus Resources completes sale of Mineral Creek Gold Project to Robinhood Gold Corp

Tempus Resources completes sale of Mineral Creek Gold Project to Robinhood Gold Corp

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Tempus Resources Ltd (ASX:TMR) (CVE:TMRR) (FRA:4W0) has completed the option and joint venture agreement with Robinhood Gold Corp (RGC) regarding the sale of the Mineral Creek Gold Project in British Columbia, Canada. Mineral Creek, which is on Vancouver Island, was acquired by Tempus together with the Blackdome-Elizabeth Gold Project in 2019 and consists of 42 contiguous mineral claims totalling 9,877 hectares. Under the terms of the agreement, private company RGC can earn an initial 75% interest by completing C$2 million in work commitments before December 31, 2023. RGC also has an option to purchase an additional 5% interest by paying Tempus Resources C$1 million at any time during the joint venture period. The Mineral Creek Project area has a long history of gold mining, dating back to the late 1800s where gold was mined from placer deposits in creeks and underground adits from gold-quartz veins. Phase-I sampling at Valle Del Tigre Tempus recently identified gold and copper in phase-I sampling at the Valle Del Tigre Project in Ecuador. The sampling program consisted of 167 soil samples, 20 stream sediment samples and nine rock samples which have been sent to SGS del Ecuador, in Guayaquil, where they will be prepared before being sent to SGS del Peru for analysis. Tempus has identified coarse gold in streams using traditional panning methods with up to 11 gold grains in one pan along with several artisanal gold workings in the sampling area. Rock samples near these gold workings contained sulphide veins with visible pyrite-chalcopyrite-bornite within altered sandstone and granitic rocks. At Blackdome-Elizabeth Tempus intends to undertake further drilling in the Northern Hemisphere spring that will form the basis of an updated NI 43-101/JORC resource estimate leading to a PEA study.

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