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

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.