Tempest (ASX:TEM) reports 4km copper anomaly at Meleya’s Remorse Target, shares jump

March 15, 2023 12:33 PM AEDT | By Manisha

Tempest (ASX:TEM) reports 4km copper anomaly at Meleya’s Remorse Target, shares jump — Image source: Company website

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Highlights

Tempest Minerals has received soil geochemistry data from surface sampling work conducted across the eastern portion of the Meleya Project in Q4 2022.

The collected samples were assayed with Ultrafine+, to detect low levels of Au and multi-elements within soil samples.

As per TEM, the data received form an impressive 4km strike polymetallic anomaly at the Remorse Target.

The results show up to 635 ppm copper and 182 ppm zinc in soil assays.

Tempest Minerals Limited (ASX: TEM) today shared an update relating geochemistry results from its Meleya Project. The company has received soil geochemistry data from surface sampling work conducted across the eastern portion of the Meleya Project in the fourth quarter of the last year (Q4 2022). According to the company, ‘the data form an impressive 4 kilometre strike polymetallic anomaly’.

The results received till date suggest a coherent copper-zinc zone with values of up to 635 ppm copper and 182 ppm zinc. This Cu-Zn zonation is typical of volcanogenic massive sulphide (VMS) deposits.

Since very little or no prior exploration has been undertaken at the site, the company believes it to have an impressive potential for numerous gold, base and critical metal mineralisation systems within the Tempest portfolio.

TEM share price momentum

Post ASX announcement, the company stock price fared in green zone today. It was spotted trading 9% higher during the morning session to trade at AU$0.024 on 15 March 2023.

More to come…

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