Tempest Minerals (ASX: TEM) spots new high priority targets in Yalgoo electromagnetic survey

Highlights

• Tempest Minerals has received results from a recently conducted regional electromagnetic survey at its Yalgoo Projects.
• The results have identified several high priority targets in regional EM survey.
• As per the results, there exists an anomaly coincident with the 4km Remorse base metal target.

Tempest Minerals Ltd (ASX: TEM) has received results from a recently conducted regional electromagnetic survey at the company’s 100% owned Yalgoo Projects.

According to the results, numerous anomalies are likely to be present at the site. Also, the results have confirmed the presence of multiple exploration targets and prospectivity at the project areas.

The results highlighted that there exists an anomaly coincident with the 4km Remorse base metal target. At present, the data is being processed on several parameters using numerous models to identify more targets and seek further details.

In-depth details of the survey

The company conducted the survey with the objective of identifying variances in electromagnetic responses from the project field. Different processes performed by TEM have demonstrated that the project area is fertile for volcanogenic massive sulphide (VMS) style mineralisation that hosts lead, copper, zinc, and other precious metals. More than 300 lines of 200m spacing were included for over 2,000 kilometres of line survey measurements.

According to the company, the survey has been ‘very successful’ with high-quality preliminary data collected from the region. Initially, several small surveyed areas were obfuscated by the presence of subsurface groundwater. However, TEM has been working on iterative updated models based on different algorithms and processing methods to moderate this.

Multiple zones of interest are included in the current reprocessed data for exploration as well as many potential high priority drill targets. It is important to note that there exist several targets among the zones detected which are coincident with existing Tempest exploration targets. Also, an appreciable EM anomaly is present at the 4km long base metal ‘Remorse’ target 6, 7.

What’s next?

TEM expects to generate further targets with progressive iterations of the geophysical models.

The company is targeting commencement of drilling at Remorse in 1Q24.

TEM shares traded at AU$0.008 midday on 16 October 2023.