Highlights

• Tempest Minerals expands copper and zinc footprint at Remorse Target in Yalgoo Project.
• Recent sampling confirms a continuous anomaly of 5 x 1.5km at Remorse.
• Tempest is poised to launch a 5,000-meter RC drilling program at Remorse, aiming to reveal the full scope of mineralisation in the area.
• Tempest advances the Five Wheels Project with a new heritage agreement and government grant.

Tempest Minerals (ASX:TEM) is gaining momentum at the Remorse Target within the Yalgoo Project in Western Australia. Recent soil sampling results have markedly increased the copper and zinc footprint in the southern part of this promising exploration site. This recent achievement further establishes Remorse as a high-potential target in Tempest's extensive portfolio.

Image source: Company update

Strengthening the Anomaly

The latest sampling program focused on an incomplete block, revealed copper and zinc levels in line with earlier results. This has confirmed a continuous anomaly measuring about 5 x 1.5 kilometers. Soil samples from this area showed consistent assay values exceeding 60 ppm copper and 70 ppm zinc, with peaks of 167 ppm copper and 125 ppm zinc.

These encouraging results arrive just as Tempest is poised to launch a 5,000-meter RC drilling program. Earthworks for the drilling have been finished, and operations will start soon with the arrival of the contracted drill rig. This drilling campaign represents a major advancement in Tempest's exploration at Remorse, aiming to reveal the full scope of mineralisation in the area.

Image source: Company update
Image description: Earthworks commencing at the Remorse Target

Update on the Five Wheels Project

As highlighted in the June Quarterly Report, Tempest Minerals made notable advances at the Five Wheels Project, covering 266 km² in the Earaheedy region of Western Australia. During the quarter, Tempest finalised a heritage agreement and developed a collaborative exploration strategy for Five Wheels. The company also received approval for an Exploration Incentive Scheme grant from the Western Australian Government, which will help fund an Airborne Gravity Gradiometry (AGG) geophysical survey. This survey is expected to provide deeper insights into the area's mineralisation potential.

Gold News: Gold as a Measure of Uncertainty

In 2024, with rising global tensions and economic instability, gold has hit record highs, reinforcing its status as a safe haven asset. Tempest Minerals' MD Don Smith remarked in a Mining.com.au article, "It’s not surprising given the potential for war and economic threats. As we enter Q3, gold continues to prove its resilience in these turbulent times.”

 Looking Ahead

With earthworks now complete, RC drilling at the Remorse Target is about to begin, heralding a new phase in Tempest’s exploration journey. Initial results from this drilling program are expected in early Q4 2024. As Tempest advances its exploration efforts, including progress at the Five Wheels Project, the upcoming months are set to be crucial as the company works to uncover the full potential of its projects.

The share price of TEM was trading at AU$0.010 at the time of writing on 30 August 2024.