SOMERSET MINERALS LTD Stock Price, News & Analysis

Tempus Resources has announced the discovery of visible gold in drill hole EZ-22-28 at the Elizabeth Gold Project in Southern British Columbia. The No. 9 Vein has been targeted in a series of nine drill holes, with visible gold identified in three of them. The quartz veining in EZ-22-28 extended approximately 2 meters and contained multiple specks of visible gold. Assay results for all drill holes are pending, and the company cautions that visual observations are not substitutes for laboratory analysis. This exploration marks a significant step for Tempus in the area.

Tempus Resources Ltd (OTC:TMRFF) announced promising assay results from drill holes EZ-22-11, EZ-22-12, and EZ-22-13 at the Elizabeth Gold Project. All drill-holes hit significant gold mineralisation, notably EZ-22-11, which revealed a bonanza grade of 85.20g/t gold over 0.30m. The Blue Vein's strike length has been extended to approximately 180m, with plans to increase the drilling program from 30 to 40 holes, totaling around 2,000m of additional drilling. The ongoing drilling aims to improve the mineral resource estimate, expected by Q1 2023.

Tempus Resources has announced positive assay results from drill-holes EZ-22-04 to EZ-22-10 at the Elizabeth Gold Project, completed in June 2022. Notably, drill-hole EZ-22-09 yielded a record intersection of 310.72 g/t gold over 1.05 meters, including an extraordinary 1,572 g/t gold over 0.20 meters. The results confirm vertical continuity of high-grade mineralization across a 100-meter strike length. A total of 30 drill-holes have been completed in the campaign so far, with expectations for further high-grade intersections as drilling continues.

Tempus Resources Ltd (TMRFF) has successfully completed a A$4.9 million funding round through a non-brokered private placement and entitlement offer. The private placement raised approximately A$1.02 million, issuing 20,338,885 shares at A$0.05 each. The subsequent entitlement offer raised about A$3.9 million, with shareholders acquiring 38,148,166 shares, also at A$0.05. The proceeds will support exploration projects in Canada and Ecuador. The company plans to list the new options on the ASX pending shareholder approval.

Tempus Resources Ltd announced the sudden death of Non-Executive Director and geological advisor Gary Artmont, a renowned exploration geologist with over 40 years of experience. Artmont's career included significant contributions to gold exploration and the discovery of major deposits like the Wabu Gold deposit and the Grasberg deposit. Tempus Chairman Alex Molyneux expressed deep condolences, highlighting Artmont's invaluable impact on the company. Tempus continues its exploration projects in Canada and Ecuador, particularly at the Blackdome-Elizabeth Project.

Tempus Resources Ltd (ASX:TMR, TSXV:TMRR, OTCQB:TMRFF) successfully completed its pro-rata non-renounceable entitlement offer, raising approximately A$3.9 million. This offer allowed shareholders to purchase 1 share for every 2 held at A$0.05 each, plus 1 free attaching option. The offer closed on August 29, 2022, with 38,148,166 new shares applied for, representing 48.9% of the total entitlement. The funds will be utilized for exploration activities in Canada and Ecuador. New shares will be issued on September 5, 2022, and listed on the ASX.

Tempus Resources Ltd (ASX:TMR, TSXV:TMRR, OTCQB:TMRFF) successfully closed a non-brokered private placement, raising approximately A$1.02 million (C$0.92 million) through the issuance of 20,338,885 Units at A$0.05 each. Each Unit includes a free attaching option exercisable at A$0.075 within three years. The company will apply for ASX quotation of the Placement Options, pending shareholder approval. The placement follows the announcement on July 27, 2022, with the Australian Entitlements Offer still open, and remains subject to TSX Venture Exchange approval.

Tempus Resources Ltd (OTCQB:TMRFF) has announced significant findings from its initial drilling at the No. 9 Vein in the Elizabeth Gold Project, located in Southern British Columbia. Both drill holes, EZ-22-19 and EZ-22-20, intersected multiple zones of visible gold. EZ-22-19 showed quartz veining with visible gold over 1.83 meters, while EZ-22-20 revealed a 25.75-meter zone also containing visible gold. This exploration marks the first drilling of the No. 9 Vein since the 1940s, and Tempus plans to continue with additional drill holes this season.