GOLD/tonne - $

Ecuador Projects


The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.
Valle Del Tigre Project 
The Valle del Tigre project is an early stage, exploration project in the highly prospective Cordillera del Condor mineral belt of southeast Ecuador. VdT’s licence boundary is situated approximately 2.5km northwest of Lundin Mining’s Fruta del Norte (FdN), epithermal gold-silver mine and approximately 15km southwest of the Mirador copper-gold porphyry deposit owned by CRCC-Tongguan Investment Co..The property is underlain by the same sedimentary and volcanic rock formations and lies within the same rift faulting corridor as Fruta del Norte and the Jurassic Mineral Belt. 

In 2019, Tempus conducted a ZTEM, Magnetics and Radiometrics helicopter-borne geophysical survey over the VdT license area (see Tempus announcement dated 15 December 2019). The airborne geophysics defined two east-west trending magnetic highs which are transected by a strong northeast trending ZTEM anomaly that extends for over 3 km in length. At other regional copper porphyry projects including, Panantza, Mirador and Warintza, the copper mineralization occurs in east trending zones with a similar orientation to the two magnetic anomalies that occur at VdT

In 2020 and 2021, Tempus completed a soil geochemistry sampling survey collecting approximately 1,000 soil samples within a 5 km2 survey area. Copper-bearing minerals, chalcopyrite and bornite observed within the survey area, as well the presence of sericite and potassic alteration. The soil sample survey results reconfirm the presence of copper and gold mineralization at Valle del Tigre – highlighting two zones of anomalous copper and gold values within the survey area

Anomalous copper and gold results correlate with 3 km geophysical anomaly “footprint” of target mineralisation zone identified in previous ZTEM fly over survey. 
Rio Zarza Project
Rio Zarza comprises two concessions covering approximately 1,000 hecatares, directly adjacent to the west of Fruta del Norte. Previous exploration on the property was carried out from 2008 to 2012 and included surface magnetics, induced polarization (IP), gravey surveying, soil/stream sediment sampling, mapping and limited diamond drilling. Tempus has completed additional sampling and mapping and has permits in place to drill the down fault extension targets associated with the Fruta del Norte deposit.


Click to Expand



Rio Zarza comprises two concessions covering approximately 1,000 hectares, directly adjacent to the west of Fruta del Norte. These were originally granted prior to the discovery of Fruta del Norte. Exploration was carried out from 2008 until 2012 by Ecometals Limited and included surface magnetics, induced polarization (IP), gravity surveying, soil/stream sediment sampling, mapping, and limited diamond drilling.

Exploration delineated several targets with most of the work focused on targets situated in the eastern section of the property.

Limited previous drilling at Rio Zarza was undertaken prior to a new geological interpretation and was ineffectual in reaching target depth. Further, several coincident geochemical and geophysical anomalies remain largely untested.

Rio Zarza’s geochemistry, alteration, and geology have been noted as being strikingly similar to Fruta del Norte, which is hosted by the Misahualli volcanics. Additional drilling was planned, vectoring from previous drill intersections that displayed low-temperature alteration and anomalous As, Sb, Hg, Mn geochemistry. Under the current geological interpretation, it is thought that the Misahualli volcanics have been dropped by step-faults to the west of Fruta del Norte and so the potential gold target is located at Rio Zarza is at depths of 700-800 m (Figures 2 and 3).

The Company’s view as that the previous wide-spaced drilling was unsuccessful for two reasons: (1) the majority of the holes never tested the upper part of the Misahualli volcanics; and (2) the favorable conjugate structures were not tested at the right orientation.

The favorable contact between the Suarez conglomerate/Misahualli volcanics was only encountered once during the drilling programs, failing to intersect mineralisation because the hole was located too far to the west near the Zamora Granodiorite complex manifested by high-temperature propylitic alteration with pyrite. A number of targets remain untested in the eastern part of the property.

Low temperature, epithermal calcite-quartz veining has been recognised in the Zamora granodiorite and validates the potential to host a gold-silver vein system. Mineralogical studies of the extensive alluvial gold mineralisation situated in the central and western areas indicated the gold is sourced locally and is epithermal in nature. A large number of coincident geophysical and geochemical anomalies remain untested in over 70% of the concession area.

Additional potential exists for large tonnage alluvial gold targets hosted by elevated dry river terraces.

A well-maintained exploration camp is available on the Rio Zarza Project, from which exploration will be based, and excellent road infrastructure has recently been established in the area as part of the Fruta del Norte development by Lundin Gold.


Click to Expand


Click to Expand

At Valle del Tigre, subparallel NNE trending rift faults that control the Fruta del Norte deposit are repeated. A similar age, fault-controlled western sedimentary-volcanic basin exists at Valle del Tigre, The Hollin/Suarez Formation sediments that cover the Fruta del Norte deposit cover 90% of the Valle del Tigre block, with the prospective Misahualli volcanics likely to exist at unknown depth below Hollin Formation sediments.

Significant gold in stream sediment anomalies is located in the southern part of the concession, and potential targets will be structural in nature (Figure 4).

In Ecuador, work continues on the interpretation of the geophysics and soil sampling results that the Company completed in early 2022. Follow up field work is planned at the Valle del Tigre Project in Q4 2022 / Q1 2023 to further develop the potential for both copper and gold mineralization on the property.


Click to Expand


Before downloading, printing or viewing the Prospectus, please carefully read this information. By accessing the Prospectus (by clicking on the link below) you agree to and acknowledge that you have read and accept these terms and conditions of access. The information on this page is not part of the Prospectus. If you do not understand it, you should consult your professional adviser without delay.

Important Notice

Tempus Resources Ltd (ACN 625 645 338) (Company) has lodged a prospectus dated 4 August 2022 (Prospectus) with the Australian Securities and Investments Commission (ASIC) in respect of a pro-rata non-renounceable entitlement issue of 1 Share for every 2 Shares held by those Shareholders registered at the Record Date at an issue price of $0.05 per Share together with 1 free New Option for every Share applied for and issued to raise up to $3,898,286 (based on the number of Shares on issue as at the date of the Prospectus) (Offer).

The Prospectus also contains the following offers:

(a) an offer of 20,338,885 Options available to sophisticated and professional investors who participated in the placement announced by the Company on 27 July 2022 (Placement) on the basis of one (1) free attaching Option for every Share subscribed for under the Placement (Placement Options Offer); and

(b) an offer of 16,000,000 Options available to Peloton Capital Pty Ltd (ACN 149 540 018) (AFSL:406040) and Aesir Corporate Pty Ltd (ACN 615 591 976) a Corporate Authorised Representative (AR: 001269084) for Urd Services Pty Ltd (AFSL:511904) (or their nominees) in consideration for their services as joint lead managers to the Placement and the Offer (Lead Manager Options Offer), (together, the Offers).

The Company has specified a target market (Target Market) for investors under the Offers, which is set out in the target market determination available at (TMD). The Prospectus can only be accessed by investors in the TMD.

The Prospectus and TMD are an important document which should be read in its entirety. If, after reading the Prospectus you have questions about the Offers, TMD or any other matter, please contact your professional advisers without delay.

Neither ASIC nor ASX Limited, nor any of their respective officers, take any responsibility for the contents of the Prospectus or the merits of the investment to which the Prospectus relates.

The electronic copy of the Prospectus available on this website does not constitute an offer of, or an invitation to subscribe for, any securities. You may print out a hard copy of the Prospectus from this website or copy the electronic Prospectus on this website into an electronic file for your personal use only. You must not alter the contents of this electronic file in any way.

Alternatively, you may obtain a hard copy of the Prospectus free of charge by contacting the Company by phone on + 61 8 6188 8181 during office hours or by emailing the Company at To the extent permitted by law, the Company is not liable for any loss incurred from accessing or downloading the Prospectus from this website, including, but not limited to, data corruption or download.

Entitlement and Acceptance

Anyone who wants to take up their entitlement and apply for shortfall securities beyond their entitlement will need to carefully consider the TMD and Prospectus and complete the personalised Entitlement and Acceptance attached to or accompanied by the Prospectus (Acceptance Form) or pay the applications monies in accordance with the details set out in the Prospectus and Acceptance Form. The Corporations Act 2001 (Cth) prohibits any person from passing onto another person an Acceptance Form unless it is attached to or accompanied by a complete and unaltered version of a prospectus.

The Company reserves the right not to accept Acceptance Form or payment of application monies from a person if it has reason to believe that when that person was given access to the electronic Acceptance Form, it was not provided together with the electronic Prospectus and any relevant supplementary or replacement prospectus or any of those documents were incomplete or altered.

If an Acceptance Form is not completed correctly, or if the accompanying payment is the wrong amount, the Company may, in its discretion, still treat the Acceptance Form to be valid. The Company’s decision to treat an acceptance as valid, and how to construe, amend or complete the Acceptance Form, will be final.

No Advice

Nothing contained on this website or in the Prospectus constitutes investment, legal, business, tax or other advice. In particular, the information on this website and in the Prospectus does not take into account your financial or investment objectives, financial situation or particular needs. In making an investment decision, you must rely on your own examination of the Company, the securities being offered for and the terms of the offering, including the merits and risks involved. You should consult your professional advisers for investment, legal, business, tax or other advice.

Persons to whom Offer is available

For legal reasons, the electronic version of the Prospectus accessible through this website is available to persons accessing this website from within Australia and New Zealand only. If you are accessing this website from anywhere outside Australia or New Zealand, please do not download the electronic version of the Prospectus.

The Prospectus does not constitute an offer, or invitation to apply for, of securities in any jurisdiction where, or to any person to whom, it would not be lawful to issue the Prospectus or to make the offer or invitation. It is the responsibility of any applicant outside Australia or New Zealand to ensure compliance with all laws of any country relevant to their applications, and any such applicant should consult their professional advisers as to whether any government or other consents are required, or whether any formalities need to be observed to enable them to apply for and be allotted any securities.

It is not practicable for the Company to comply generally with the securities laws of overseas jurisdictions having regard to the number of overseas shareholders, the number and value of securities those shareholders would be offered and the cost of complying with regulatory requirements in each relevant jurisdiction. Accordingly, the offer pursuant to the Prospectus is only being extended and securities will only be issued to shareholders with a registered address in Australia or New Zealand.


By clicking “I Accept” below, you acknowledge and agree that:

  • You have read and understood the TMD and that you either fall within the Target Market or, if you do not fall within the Target Market, you are accessing the Prospectus for information purposes only and that you will not make an application under the Offer.
  • You have read and understood the TMD and that you either fall within the Target Market or, if you do not fall within the Target Market, you are accessing the Prospectus for information purposes only and that you will not make an application under the Offer.
  • You are an Australian or New Zealand resident and you are requesting a copy of the Prospectus from within Australia or New Zealand;
    If you are a non-Australian resident, you have consulted your professional adviser as to whether any governmental or other consents are required or whether any other formalities need to be considered and followed before accessing the Prospectus; and
  • You will not pass onto any other person the Acceptance Form unless it is attached to or accompanied by the complete and unaltered electronic version of the Prospectus and the TMD.