Sponsored

Tempest Minerals (ASX: TEM) identifies gold anomaly at Yalgoo’s Sanity target

October 30, 2023 06:42 AM GMT | By Manisha
 Tempest Minerals (ASX: TEM) identifies gold anomaly at Yalgoo’s Sanity target
Image source: Company website

Highlights

  • Tempest Minerals has received new geochemical results from its 100% owned Yalgoo Projects.
  • Fresh zones of strong anomalism for gold and other metals have been yielded from the surface sampling completed recently at the Sanity target.
  • The company will continue fieldwork in the fourth quarter of the year at numerous targets in the Yalgoo region.

Tempest Minerals Ltd (ASX: TEM) shares climbed nearly 14 per cent in early trade on the company’s latest announcement. The stock was spotted trading at AU$0.007 on 30 October 2023.

The Australia-based mineral exploration company today received new geochemical results from its 100% owned Yalgoo Projects. As per the ASX release, fresh zones of strong anomalism for gold and other metals have been yielded from the surface sampling completed recently at the Sanity target.

The company will continue fieldwork in the fourth quarter of the year at numerous targets in the Yalgoo region. At present, the results are being assessed to understand the need of potential drilling at this target while drilling program progresses at the Remorse Target.

 


Data source: company update

Sanity Target

Sanity Target’s geophysical datasets correlates strongly with a multi-element geochemical anomaly in the samples gathered so far. The contoured results for copper, gold, nickel, and zinc delineate strong coherent zones for many elements.

Copper and zinc follow similar geochemical dispersion with peaks of more than 400pm and 200ppm respectively in soils.

Gold having soil peaks of up to 80ppb follow similar geometry correlating strongly with geophysical features immediately to the south.

Elevated nickel above standard crustal levels typically indicative of mafic and ultramafic rocks - such as pyroxenite and metamorphosed mafics which are present in the geological mapping in the vicinity - are potentially indicative of a broader mineralised system such as the high-grade gold system adjacent at the Barron Rothchild deposit.

Onward journey

The company is planning to continue to assess results to identify the potential drilling at its targets. Further sampling and mapping are scheduled for the fourth quarter for Sanity and Remorse targets.

Tempest plans to undertake a drilling program in the second quarter of 2024.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


AI on the Rise: A Look at Top AI Companies and Their Stocks

Send OTP Resend OTP in 30s

Sponsored Articles


Investing Ideas

Previous Next