Coarse Gold Identified At Valle Del Tigre II Project
Tempus Resources Ltd (ASX:TMR)(TSXV:TMRR) has completed the Phase I exploration programme at its Valle de Tigre II Project located in south-eastern Ecuador.
Field crews at Valle del Tigre II (VdT) have successfully completed the Phase I sampling program consisting of 167 soil samples, 20 stream sediment samples and nine rock samples. All samples have been sent to SGS del Ecuador, in Guayaquil, where they will be prepared before being sent to SGS del Peru for analysis.
CEO an President, Jason Bahnsen, said that during the sampling programme, Tempus geologists 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 proximal to these gold workings contained sulphide veins with visible pyrite-chalcopyrite-bornite within altered sandstone and granitic rocks. The gold mining activities at VdT appear to be along mineralized structures which are coincident with strong conductive anomalies identified in the airborne ZTEM geophysical survey.
“We look forward to receiving the assay results from the 198 samples in this initial program. The presence of both visible gold and copper mineralisation during the field work is very encouraging and together with the geophysical anomalies suggest the potential for both gold and copper porphyry mineralisation within the project area,” Mr Barhnsen said.
“Valle del Tigre II is situated in the heart of the Cordillera del Condor mineral belt of southeast Ecuador with the Mirador porphyry copper mine to the north and the Fruta del Norte gold project to the south.”
The Valle del Tigre II project is a grassroots-stage exploration project in the highly prospective Cordillera del Condor mineral belt of southeast Ecuador. The Valle del Tigre II boundary is situated approximately 2.5 km northwest of Lundin Mining’s, Fruta del Norte, epithermal Au-Ag deposit (7.35 M oz Au @ 9.61 g/t Indicated Resource) and approximately 15 km southwest of the Mirador Cu-Au porphyry deposit (3.2 Mt Cu, 3.4 Moz Au, and 27.1 Moz Ag in proven and probable reserves) owned by CRCC-Tongguan Investment Co. The property is underlain by the same sedimentary and volcanic rock sequence and lies within the same structural corridor as Fruta del Norte (FdN).
Tempus has engaged Insight Geophysics to interpret the ZTEM airborne geophysical survey data, conducted by Geotech Ltd. over the VdT property in late 2019. The recent interpretation by Insight has defined strong conductive anomalies which were identified using geophysical response and parameters defined by direct FdN studies.
Definition of RZ plus two additional mineralised trends outlined on VdT are under examination for drill testing and will be reported in due course. The ZTEM trends coincide with known regional structures important to mineralisation in the area. The ZTEM highlights the NNW-SSE structure bound by NE-SW structures in VdT, which is similar to the controlling structures present at Fruta del Norte.