SOMERSET MINERALS LTD Stock Price, News & Analysis

Tempus Resources Ltd (TMRFF) has filed a revised technical report for its Blackdome-Elizabeth Project, dated December 29, 2021, with an effective date of September 9, 2020. This revision addresses comments from the British Columbia Securities Commission regarding compliance with National Instrument 43-101 standards. Specific changes include the addition of required content and the removal of non-compliant sections. The report, prepared by qualified person Garth Kirkham, is available on SEDAR. This announcement has been authorized by Director Melanie Ross.

Tempus Resources Ltd (OTCQB: TMRFF) announced the grant of 2,440,000 incentive stock options to its directors, officers, and consultants. The options are exercisable at a price of $0.31 per share and will expire on December 3, 2024. This action follows the company's growth strategy within the gold exploration sector, focusing on projects in Canada and Ecuador. Tempus is currently progressing a drill program at its flagship Elizabeth-Blackdome project, aimed at updating resource estimates in accordance with NI43-101/JORC standards.

Tempus Resources has released final assay results from its 2021 drilling program at the Elizabeth Gold Project, confirming high-grade gold intersections at the newly identified Blue Vein. Key findings include:

• EZ-21-26: 9.13 g/t gold over 1.25 meters, including 45.1 g/t over 0.25 meters.
• EZ-21-27: 14.3 g/t gold over 1.40 meters, including 19.2 g/t over 1.00 meters.

The Blue Vein now extends over 80 meters, with further drilling planned for 2022 to expand this high-grade zone.

Tempus Resources has released new drill-hole assay results from its Elizabeth Gold Project. Key highlights include EZ-21-25, which intersected 13.4g/t gold over 2.70m, and EZ-21-23, which showed 1.83g/t gold over 4.10m. The results continue to confirm the high-grade continuity of the newly discovered Blue Vein, located approximately 40 metres from an earlier discovery. The Phase 1 drill program included 39 holes totaling 9,826m. Assays for five additional drill holes are pending, with further potential for expanding mineralization.

Tempus Resources Ltd has launched its Phase 2 exploration program at the Valle del Tigre Project in Ecuador, building on findings from Phase 1 sampling that identified gold and copper mineralization. This program will cover approximately 12.5 square kilometers, incorporating around 1,100 Mobile Metals Ion (MMI) samples, enhancing insights into mineralization trends. Tempus aims to uncover significant mineral deposits near known mining operations, particularly in the prolific Cordillera del Condor mineral belt. CEO Jason Bahnsen expressed expectations for substantial findings.

Tempus Resources Ltd announced new assay results from its Elizabeth Gold Project in British Columbia, Canada, revealing significant high-grade mineralization. Key results include drill-hole EZ-21-19, which showed multiple high-grade intersections, such as 0.90m at 6.14g/t Au. The results confirm the continuity of the newly discovered Blue Vein over 380 metres, indicating potential for expanding mineral resources. The company has completed 28 drill-holes in 2021, with assays pending for nine others. Drilling is suspended temporarily pending regulatory approvals.

Tempus Resources Ltd (TMRFF) announced significant gold assay results from the newly discovered Blue Vein at the Elizabeth Gold Project in Southern BC, Canada. Notable findings include 33.7 g/t gold over 1.0 meter and 26.4 g/t gold over 0.5 meters from drill-hole EZ-21-12. The Blue Vein has an initial strike length of 380 meters, with additional intersections extending its potential. In total, 26 drill-holes have been completed, with ongoing assays pending. The exploration aims to increase the resource confidence level beyond the historical inferred resource of approximately 206,139 ounces of gold.

Tempus Resources Ltd announced significant results from the Elizabeth Gold Project. The company reported a 31% average increase in gold assay grades based on screened metallic analysis compared to previous results. Notably, drill-hole EZ-21-04 was re-assayed at 68.3g/t for a 1.50m interval, up from the prior 52.1g/t. The results enhance the potential for a future Mineral Resource estimate. Currently, 34 drill-holes have been completed with drilling ongoing.

Tempus Resources Ltd (TMRFF) has announced the discovery of visible gold in drill-hole EZ-21-12 at the Elizabeth Gold Project, located in Southern BC, Canada. This finding suggests a new, previously unknown gold vein, 150 meters northwest of the existing SW Vein. Recent assays from four additional drill-holes revealed notable gold grades, including 1.0m at 4.9g/t and 0.7m at 9.1g/t in EZ-21-07B. The ongoing drilling program aims to enhance the understanding and resource potential of the project, which currently has inferred resources estimated at approximately 206,139 ounces of gold.