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Blackdome-Elizabeth Gold Project

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PROJECTS OVERVIEW

THE ELIZABETH-BLACKDOME PROJECT: 
DELIVERING FAST-TRACK SUPERIOR OUTCOMES
Long Term Production Potential 
Potential Fast Track to Production and Cash Flow

  • Ongoing drilling of high-grade mineralisation at the Elizabeth Project with discovery of predominant multiple, new veins.
  • Ongoing drill program at Elizabeth to commence May 2023
  • Fast-Forward upcoming JORC NI 43-101 Resource Estimate – Q2 2023
  • Mill Re-Start Study led by JDS Energy & Mining and Optimize Group – H1 2023
  • Accelerated exploration activity and planning leading to a fast-track to production.
  • Existing fully permitted mill located on Blackdome mining licence
  • Reduced Capital Requirements ® Enabling Early Monetization Quickly.
  • Near-term production mill for cash flow.

HIGHLIGHTS: DISCOVERIES ON THE HORIZON

  • Discovering new, multiple veins – taking it through to viable production with an onsite production mill and potential for long-life gold resources and significant large-scale deposits.
  • Potential Discoveries – Additional New Vein Sets adding to the potential for long-life resources.
  • Rising gold price environment leading to Production to Free Cash Flow developing within a Short Period of Time.
  • Desirable land package provides opportunity of new greenfield discoveries in a 315 square kilometre license area
  • Widely recognized – an established board and leadership team, dual listed structure in Australia and Canada provides access to capital in multiple markets.

Elizabeth-Blackdome, Southern B.C., British Columbia

  • Elizabeth
    The Elizabeth Gold project is located approximately 200 kilometers north of Vancouver, British Columbia and 35 km northeast of the past producing Bralorne Gold mine, which produces 4.2 million ounces of gold at a grade of 17.7 g/t and was mined to a depth of approximately 2,000 metres below surface. The mesothermal auriferous quartz vein mineralisation at the Elizabeth Project is analogous to that found at the Bralorne Gold Mine. The historic Inferred Mineral Resource estimate, completed by SRK (2009), reported 206,000 oz of gold at an average grade of 12.26 g/t. Since acquiring the project in 2019, Tempus has completed 80 new diamond drill holes and has discovered several new high grade gold vein sets on the property. The exploration drilling program at Elizabeth is continuing with plans to release an updated resource estimate in early 2023.
 
  • Blackdome:
    The Blackdome Project is located approximately 30 kilometers north of the Elizabeth Project. The Blackdome mine and mill infrastructure are connected to the Elizabeth Project by a partially completed private haul road. The Blackdome Mine operated between 1985 and 1991 producing approximately 230,000 ounces of gold at an average grade of 22.1 g/t. The low-sulphidation, structurally controlled, epithermal gold mineralisation at Blackdome remains open at depth. An historic NI43-101 resource estimate completed by SRK (2010) reported 52,600 ounces of gold at an average grade of 11.29 g/t Indicated and 25,900 ounces of gold at an average grade of 8.79 g/t Inferred. Alteration studies completed by Tempus Resources indicate that the epithermal system remains open at depth with targets beneath the historic workings. The existing 200 tpd mill and associated tailings storage facility is fully permitted, significantly reducing the timeframe and risk associated with a potential future restart.

FIGURE 1 – BLACKDOME-ELIZABETH PROJECT LOCATION

Blackdome-Elizabeth Project Location

SITE INFRASTRUCTURE

The Blackdome Mine site includes a 200 tonnes per day permitted mill and tailings facility (Figure 2). A 25-man exploration camp is located at the Elizabeth Deposit, and existing development plans for the project include construction of 4 km of new haul road, and upgrade of 35 km of existing road, to link the Elizabeth Deposit to the Blackdome Mine. The project is located in close proximity to major highways and airfields.

FIGURE 2 – BLACKDOME MILL

Blackdome Mill

EXPLORATION ACTIVITY AND RECENT DRILL RESULTS

Elizabeth Gold Project

The 2023 Exploration Program will build on the success of initial 80 drill-hole (9,826 metres) of diamond core drilling completed by Tempus at the Elizabeth project since exploration began in November 2020. In 2022. Tempus is focused on increasing the resource base at the Elizabeth Project in preparation for an updated NI43-101 / JORC resource estimate planned to be completed in Q2 2023. 

FIGURE 3 – VISIBLE GOLD IN 2022 DRILL CORE

Visible Gold in Drill

EXPLORATION POTENTIAL AND DRILLING PROGRAMS

The focus of drilling for the 2022 was the newly discovered Blue Vein and No. 9 Vein with additional infill drilling of the SW Vein and extensions of the West and Main Vein plus the new Ella Zone. A total of 40 holes (9,798 metres) were completed.

Results for the program have been very successful with two new high-grade vein sets established (No. 9 Vein and Blue Vein), plus extensions to the West and Main Veins. Five holes from the 2022 drill program assayed “bonanza” grades greater than one-ounce gold per tonne. Assays have been received for 33 holes with assays for seven holes pending.

Tempus has commenced work on the updated JORC/NI43-101 Resource Estimate. The 2009 Historical Resource estimated a 206koz inferred resource for the Elizabeth Project. The updated resource estimate targeted for completion in the first half of 2023 will include an additional 129 drill holes that have been completed since 2009.

Tempus now has six vein targets at varying stages of exploration drilling

FIGURE 4 - EXTENSIONS TO NO. 9 VEIN, NO. 9 VEIN, BLUE VEIN, WEST/MAIN VEINS AND ELLA VEIN ZONE

ELIZABETH HIGH GRADE DRILLING RESULTS

  • Tempus has completed over 19,500 metres of drilling, over a total of 80 holes since drilling began at Elizabeth in 2020,
  • SW Vein (143,900oz at 13.63 g/t gold historical resource) extended 150-200m below surface, 400m strike
    • Significant intersections from the SW Vein include::
      • EZ-21-04:- 31.2 g/t gold over 4.0m from 122.0m,
      • EZ-20-06:- 61.3 git gold over 5.0m at from 116.5m
      • EZ-20-10:- 28.1 g/t gold over 3.2m from 184.0m, including 178.0 g/t gold over 0.5m from 184.5m
      • EZ-10-67:- 54.9g/t. gold over 5.00m including 444.0g/t gold over 0.50m
      • EZ-10-69:- 71.3g/t gold over 5.49m
  • Blue Vein discovered in 2021, Focus of 2022 drilling; 8 intersections > 1 oz per tonne
    • Significant intersections from the Blue Vein drilling include
      • EZ-21-12 33.7 g/t gold over 1.0m from 117.8m
      • EZ-21-25 13.4 g/t gold over 2.7m from 111.0m
      • EZ-21-26 9.1 g/t gold over 1.3m from 121.5ml
      • EZ-21-27 14.3 g/t gold over 1.4m from 152.2m
      • EZ-22-03 523 g/t gold over 0.42m from 96.9m and 32.7 g/t gold over 0.45m
      • EZ-22-09 310.7 g/t gold over 1.05m from 105. 1m including 1,572 g/t gold over 0.20m from 105.1m
  • No. 9 Vein – 10 drill-holes completed in 2022, Significant intersections include
    • EZ-22-20 28.1g/t gold over 28.50m from 84.4 m
    • EZ-22-22 49.4g/t gold over 1.15m from 80.85m
    • EZ-22-28 5.2g/t gold over 6.60m from 214. 10m
    • EZ-22-23 5.6g/t over 13.70m from 141.1m

 

  • West Hanging: Wall Vein – Potential new vein located midway between the SW Vein: and the West Vein.

COMPETENT PERSONS STATEMENT

Information in these reports relating to current Exploration Results is based on information reviewed by Mr. Sonny Bernales, 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. Bernales 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. Bernales consents to the inclusion of the data in the form and context in which it appears.

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