Tempest Minerals (ASX: TEM) Set to Expand Drilling at Remorse Copper Target

May 27, 2024 02:10 PM AEST | By Team Kalkine Media
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  • Preliminary approval for drilling at the central area of the Remorse Target has been obtained.
  • Expanded reverse circulation (RC) drill program of ~5000m is planned at the Remorse Target.
  • Approvals are in the final stages for the planned drilling with work expected to start in June/July 2024.

Tempest Minerals Ltd (ASX: TEM) has reported significant progress at its Remorse Target, a 4km-long coincident base metal and geophysical target, which sits within the Yalgoo Project. The company has secured preliminary approval for drilling in the central area of the Remorse Target.

The recently conducted additional ground truthing work and detailed geological mapping at the target demonstrated a huge geological target zone, which is similar to the broader geochemical footprint of the anomaly. Therefore, TEM plans to conduct an expanded RC drill program of ~5000m at the target.

Approvals for the planned drilling are in final stages with regulatory bodies. Additionally, heritage surveys are expected in early June 2024. The company expects to commence drilling in June/July 2024.

TEM prioritises Remorse Target in its flagship Yalgoo project

TEM is actively engaged in the exploration of its flagship asset, Yalgoo Project. Within the project area, the company has discovered a new mineralised belt. Historical drilling has demonstrated that the belt is fertile for previously unknown mineralisation.

The project hosts multiple exciting exploration targets. The current focus of the company is on the Remorse and Sanity targets..

Data source: TEM update

In late 2023, TEM shared its intent to drill test the Remorse Target. In line with its objective, the company remained actively engaged in meeting the regulatory requirements. Simultaneously, the company commenced additional preparatory and field work.

The company designed a modest drill campaign for the Remorse Target based on the preliminary geochemistry results. The aim of the drill program is to analyse specific structure targets potentially associated with higher copper values in the broad surface geochemistry. Approvals for this work were received in the first quarter of 2024.

Based on the recently conducted ground truthing and detailed geological mapping work on the target, the company has unveiled a ~5000m RC drilling campaign.

In conclusion, Tempest Minerals is moving forward with its ambitious plans for the Remorse Target. The remaining approvals and heritage clearance processes are in progress and the company is set to award contracts. This will pave the way for the commencement of the drilling program at the Remorse Target.

TEM shares traded at AU$0.009 apiece on 24 May 2024.



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