Tempus Resources Ltd. Completes Sale of Mineral Creek Project
PERTH, March 23, 2021 - Tempus Resources Ltd. ("Tempus Resources" or the "Company") (ASX:TMR)(TSXV:TMRR)(OTC PINK:TMRFF) is pleased to announce that it has completed the Option/Joint Venture Agreement (the "Agreement") with Robinhood Gold Corp. ("RGC") originally announced on January 4, 2021, in respect of the Mineral Creek Project located in British Columbia, Canada. The Mineral Creek Project is located on Vancouver Island, British Columbia, and was acquired by Tempus together with the Blackdome-Elizabeth Gold Project in 2019. The Property consists of 42 contiguous mineral claims totalling 9,877 hectares.
Under the terms of the Agreement, RGC can earn an initial 75% interest by completing $2.0 million in work commitments before 31 December 2023 and is the operator of the Mineral Creek Project. RGC has the option to purchase an additional 5% interest by paying Tempus Resources C$1,000,000 at any time during the Joint Venture period (see the 4 January 2021 announcement for detailed terms of the Agreement).
The Mineral Creek Project area has a long history of gold mining, dating back to the late 1800s where gold was mined from placer deposits in creeks and underground adits from gold-quartz veins.
This announcement has been authorised by the Board of Directors of Tempus Resources Ltd..
For further information:
Tempus Resources Ltd.
Melanie Ross, Director/Company Secretary
Phone: +61 8 6188 8181
About Tempus Resources Ltd
Tempus Resources Ltd. ("Tempus") is a growth orientated gold exploration company listed on ASX ("TMR") and TSX.V ("TMRR") and OTC PINK ("TMRFF") stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high-grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate leading to a PEA study. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in southeast 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.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the continuation of drilling in the Spring of 2021, the receipt of the analysis and assay results from the lab early in 2021, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's listing application dated December 3, 2020 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tempus Resources Ltd.
