Proactiveinvestors Australia Tempus Resources Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Tempus Resources Ltd RSS feed en Tue, 25 Jun 2019 16:33:18 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Tempus Resources enters the stage in highly prospective Ecuador ]]> https://www.proactiveinvestors.com.au/companies/news/221699/tempus-resources-enters-the-stage-in-highly-prospective-ecuador-221699.html Tempus Resources Ltd (ASX:TMR) is intending to play a role in the rapidly developing mining hotspot of Ecuador through its acquisition of highly prospective gold projects.

The company, which listed in August 2018, has signed a binding agreement to acquire two Ecuadorian companies, Condor Gold SA and MiningSources SA, for US$100,000 in cash and more than 3.446 million Tempus shares.

READ: Tempus Resources acquiring highly prospective gold projects in Ecuador

These companies have the Zamora Projects, which are high-quality early-stage exploration prospects close to other large gold deposits, including Lundin Gold Inc’s (TSE:LUG) Fruta del Norte project.

Tempus’ executive director Brendan Borg outlined the new strategy to investors at the Proactive CEO Session in Melbourne on Tuesday.

He explained that Ecuador was a basket case around 20 years ago but was now attracting plenty of attention from the mining industry around the globe.

BHP Group Ltd (ASX:BHP), Fortescue Metals Group Ltd (ASX:FMG), Newcrest Mining Limited (ASX:NCM) and Rio Tinto plc (LON:RIO) have all made advances in the country.

“The acquisition provides low-cost exposure to a rapidly developing exploration hotspot,” he said.

The Rio Zarza prospect is immediately adjacent to the most valuable greenfields gold discovery of the last 15 years, Fruta del Norte, and hosts similar geochemistry, alteration and geology features.

Valle del Tigre is a larger permit area to the north with similar subparallel NNE rift faults as controlling Fruta del Norte and strong gold showings in stream sediment analysis.

The company expects to shortly begin field-based work programs on the Zamora Projects.

READ: Tempus Resources appoints exploration manager for Ecuador gold projects

Tempus has assembled sector-leading experts within its board and management for epithermal gold exploration, in-country Ecuador expertise and mineral company management and finance.

Borg said that the company’s Australian assets, Montejinni in the Northern Territory and Claypan Dam Project in South Australia, provided strong optionality.

This included a plan to drill the Montejinni Copper Project in the near-term.

Read the company's latest presentation

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Fri, 07 Jun 2019 16:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221699/tempus-resources-enters-the-stage-in-highly-prospective-ecuador-221699.html
<![CDATA[News - Tempus Resources shifts focus to gold in highly prospective Ecuador ]]> https://www.proactiveinvestors.com.au/companies/news/221270/tempus-resources-shifts-focus-to-gold-in-highly-prospective-ecuador-221270.html Tempus Resources Ltd (ASX:TMR) has recently turned its attention to the highly prospective and sought-after South American country of Ecuador where it is acquiring gold prospects.

The company was incorporated as an unlisted public company on April 18, 2018, for the purpose of acquiring a 90% interest in Montejinni Resources – the registered holder of the Montejinni Project in the Northern Territory and Claypan Dam Project in South Australia.

However, Tempus, which previously focused on exploring copper and other mineral opportunities, has switched its primary focus to Latin America and is acquiring the Zamora Projects.

These provide high-quality early stage gold exploration prospects in the Zamora Mineral District of southeast Ecuador.

The 1,100-hectare combined concession package hosts the Rio Zarza project, which is adjacent to Lundin Gold Inc's (TSE:LUG) world-class 9.48 million-ounce Fruta del Norte gold project.

In addition, the company is also acquiring a 2,195-hectare concession hosting the Valle del Tigre project to the north of Fruta del Norte.

Ecuador has become one of the most sought-after exploration jurisdictions for gold and base metals with companies such as BHP Group, Rio Tinto, Fortescue Metals Group, Newcrest and Solgold making substantial advances in the past three to five years.

Tempus executive chairman is co-founder of Azarga Resources Group Alexander Molyneux, an experienced mining executive who is also non-executive chairman of Azarga Metals Corp (CVE:AZR) and non-executive chairman of Argosy Minerals Ltd (ASX:AGY).

He also served as non-executive director of Goldrock Mines Corp (TSX-V:GRM) (2012–2016) and CEO of SouthGobi Resources Limited (Ivanhoe Mines Group) (TSX:SGQ/HKEX:1878) (2009–2012).

Molyneux is also chief executive officer at Galena Mining Ltd (ASX:G1A) after spending three years as CEO of Paladin Energy where he optimised its operating business and completed a US$700 million recapitalisation and re-listing on the ASX.

The company’s non-executive director Brendan Borg is a highly respected consultant geologist specialising in the battery materials sector including lithium, graphite and cobalt mineralisation.

What does Tempus own?

With the acquisition of the Ecaudor projects, Borg is set to discuss the new Ecuador gold strategy at Proactive’s CEO session in Melbourne tomorrow.

The Zamora projects include Rio Zarza, which is adjacent to Fruta del Norte’s western boundary and exhibits strikingly similar geological characteristics, and the the greenfield exploration area Valle del Tigre.

Rio Zarza comprises two concessions covering about 1,100 hectares with epithermal calcite-quartz veining recognised in the Zamora granodiorite, validating the potential to host gold-silver vein systems.

Many coincident geophysical and geochemical anomalies remain untested in more than 70% of the concession area.

Valle del Tigre encompasses 2,195 hectares of exploration area between Fruta del Norte and the Lundin Gold-Newcrest Mining Limited (ASX:NCM) joint venture concessions.

Significant gold in stream sediment anomalies were found in the southern part of the concession and potential targets are expected to be structural in nature.

The company has a market cap of about $4.65 million and shares last traded at 17 cents.

Inflection points Completion of acquisitions in Ecuador Exploration plan for Valle del Tigre, including magnetics, gravity and ionic sampling followed by stratigraphic drilling of coincident targets The initial phase of ground work is planned to start as soon as practicable after completion of the acquisition, which is expected within the next 2-4 months. “We look forward to welcoming Gary to the board”

Upon the appointment of Gary Artmont to the board, chairman Alexander Molyneux said: “We look forward to welcoming Gary to the board of the company.

“We anticipate he will make a strong contribution to the progression of the Ecuador project given his vast experience in the mining industry, specially in regard to the exploration sector in Ecuador.”

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Fri, 31 May 2019 14:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221270/tempus-resources-shifts-focus-to-gold-in-highly-prospective-ecuador-221270.html
<![CDATA[News - Tempus Resources appoints exploration manager for Ecuador gold projects ]]> https://www.proactiveinvestors.com.au/companies/news/221172/tempus-resources-appoints-exploration-manager-for-ecuador-gold-projects-221172.html Tempus Resources Ltd (ASX:TMR) has appointed Kevin Piepgrass as its exploration manager to develop and implement exploration programs at its portfolio of gold projects in Ecuador.

Piepgrass will also assist the company in expanding the footprint in the region, which is considered an emerging gold exploration region.

He is a geologist with over 15 years’ experience in the mineral exploration and development industry having worked as an exploration manager for Australian and Canadian junior companies.

He has worked on projects in North America, South America and East Africa and his appointment is effective as of 1 June 2019, two days from today.

READ: Tempus Resources to talk gold opportunity in emerging Ecuador at Proactive’s CEO Sessions

Tempus’s technical director Brendan Borg will be discussing its Zamora Projects and Valle del Tigre Project in Ecuador next Tuesday at Proactive’s CEO Sessions in Melbourne.

Notably, the company's projects are in the same district as the world-class 9.48-million ounce Fruta del Norte gold discovery.


Register for the CEO Sessions today

Sydney details, Monday, June 3, 2019

Melbourne details, Tuesday, June 4, 2019

Also featuring will be West Wits Mining Ltd (ASX:WWI), Emmerson Resources Ltd (ASX:ERM), XTEK Ltd(ASX:XTE), ShareRoot Ltd (ASX:SRO) and Global Energy Ventures Ltd (ASX:GEV).

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Thu, 30 May 2019 09:24:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221172/tempus-resources-appoints-exploration-manager-for-ecuador-gold-projects-221172.html
<![CDATA[News - Tempus Resources to talk gold opportunity in emerging Ecuador at Proactive’s CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/221098/tempus-resources-to-talk-gold-opportunity-in-emerging-ecuador-at-proactives-ceo-sessions-221098.html Tempus Resources Ltd (ASX:TMR) entered an agreement last month to acquire two Ecuadorian companies that own three mineral exploration concessions.

These concessions, known as the Zamora Projects cover 1,000 hectares adjacent to and within the same district as the world-class 9.48-million ounce Fruta del Norte gold discovery.

In addition to the flagship Zamora Projects, Tempus also has a 2,195-hectare concession hosting the Valle del Tigre Project to the north of Fruta del Norte.

READ: Tempus Resources acquiring highly prospective gold projects in Ecuador

Ecuador has, in recent times, become one of the most sought-after exploration jurisdictions for gold and base metals.

Companies such as BHP, Rio Tinto, Fortescue Metals Group, Newcrest, and Solgold have made significant advances in the country in the past three to five years.

Notably, Ecuador received the “Best Country” award at Mines and Money London in 2017.

The Zamora-Chinchipe Province in the south east of Ecuador, bordering with Peru, where the Zamora Projects are located is considered some of the most prospective ground in the country.

Since the initial discovery of Fruta del Norte in 2006, it has grown into one of the world’s most valuable gold discoveries of the last 15 years.

Technical director Brendan Borg will be discussing Tempus’s opportunity within the Zamora Projects and Valle del Tigre Project in Melbourne next Tuesday.


Register for the CEO Sessions today

Sydney details, Monday, June 3, 2019

Melbourne details, Tuesday, June 4, 2019

Also featuring will be West Wits Mining Ltd (ASX:WWI), Emmerson Resources Ltd (ASX:ERM), XTEK Ltd (ASX:XTE), ShareRoot Ltd (ASX:SRO) and Global Energy Ventures Ltd (ASX:GEV).

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Wed, 29 May 2019 14:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221098/tempus-resources-to-talk-gold-opportunity-in-emerging-ecuador-at-proactives-ceo-sessions-221098.html
<![CDATA[News - Tempus Resources acquiring highly prospective gold projects in Ecuador ]]> https://www.proactiveinvestors.com.au/companies/news/220969/tempus-resources-acquiring-highly-prospective-gold-projects-in-ecuador-220969.html Tempus Resources Ltd (ASX:TMR) is acquiring the Zamora Projects in Ecuador, adjacent to and within the same district as the world class Fruta del Norte gold project, currently under development by Lundin Gold (TSE:LUG).

The Zamora Projects comprise the highly prospective Rio Zarza and Valle del Tigre projects.

Rio Zarza

The flagship acquisition project, Rio Zarza, is adjacent to Fruta del Norte’s western boundary and exhibits strikingly similar geological characteristics.

Rio Zarza comprises two concessions covering about 1,000 hectares with epithermal calcite-quartz veining recognised in the Zamora granodiorite, validating the potential to host 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.

Valle del Tigre

The additional acquisition project, Valle del Tigre, provides 2,195 hectares of highly prospective greenfield exploration area between Fruta del Norte and Lundin-Newcrest joint-venture concessions.

Significant gold in stream sediment anomalies were found in the southern part of the concession and potential targets will be structural in nature.

The exploration plan for Valle del Tigre will include magnetics, gravity and ionic soil sampling, followed up by stratigraphic drilling of the coincident targets.

Valle del Tigre drill targets

The initial phase of ground work is planned to commence as soon as practicable after the completion of the acquisition by Tempus, expected within the next 2-4 months.

Sought-after exploration jurisdiction

Ecuador has, in recent times, become one of the most sought-after exploration jurisdictions for gold and base metals.

Companies such as BHP, Rio Tinto, Fortescue Metals Group, Newcrest, and Solgold have made significant advances in the country in the past three to five years.

It is worth noting that Ecuador received the Best Country award at Mines and Money London in 2017.

Management strengthened

As part of the acquisition, the board and management of Tempus will be strengthened to support an aggressive exploration program on the Zamora Projects and to pursue further opportunities in Ecuador and the broader Latin American region.

Rodrigo Izurieta will be appointed as chief operating officer, Latin America.

Izurieta is an economist and business manager with 20+ years’ experience, who previously served as president and board member for the Chamber of Mines of Ecuador.

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Mon, 27 May 2019 12:52:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220969/tempus-resources-acquiring-highly-prospective-gold-projects-in-ecuador-220969.html