Latest assays confirm gold and polymetallic potential at Tempest Minerals’ (ASX:TEM) Euro Project

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Latest assays confirm gold and polymetallic potential at Tempest Minerals’ (ASX:TEM) Euro Project

 Latest assays confirm gold and polymetallic potential at Tempest Minerals’ (ASX:TEM) Euro Project
Image source: ID 16384303 © Milslav78|Megapixl.com

Highlights

  • Tempest Minerals has received encouraging gold and polymetallic results from drilling over the Euro Project.
  • Drilling supports the presence of extensive gold mineralisation with gold grades up to 6.9g/t and silver grades up to 19g/t with arsenic up to 0.7%.
  • Tempest plans a follow-up drilling program over the project coupled with a geological mapping and sampling campaign.

Tempest Minerals Limited (ASX:TEM) is charging ahead with encouraging drilling results from the Euro Project, which sits within the Yalgoo region of Western Australia.

The Company has intercepted high-grade gold in multiple drill holes along with highly anomalous base metals. The assay results confirm the prospectivity of the Calais target area, where the Company has delineated at least 1km-long mineralised corridor.  

Related read: Tempest Minerals Limited (ASX:TEM) progresses on diamond drilling at Euro

The results from the recent drilling program are consistent with historical findings and highlight highly anomalous polymetallic (gold, base metals, and iron) intersections over the drill horizon.

Some significant intercepts include:

Image source: ID 129060630 © Lcrms7|Megapixl.com; Data source: Company update, 23 May 2022

Recent update: Tempest Minerals (ASX:TEM) welcomes overwhelming investor response to AU$8.44M Placement

Tempest had previously reported the occurrence of multiple outcropping iron-rich geological units across the Euro Project. The presence of high-grade iron is at depth and could be linked to other types of mineralisation at the project.

Historical findings

Although majority of the Euro Project remains unexplored, surface geochemistry and percussion drilling were conducted on the northern segment of the project- the Calais Target in the 1990s and early 2000s.

Cross-section showing high-grade gold intercepts (Image source: Company update, 23 May 2022)

Cross-section showing polymetallic mineralisation (Image source: Company update, 23 May 2022)

Nearly 400 holes have been drilled over the Euro Project's northern sector. Due to unfavourable economic conditions at the time, they were not adequately tested for continuity. Similarly, much of the past drilling and sampling was not analysed for multi-element geochemistry.

Also read: New broad zones of sulphides intersected at Tempest Minerals’ (ASX:TEM) Euro

Why are the latest findings so significant?

The recent drilling at the Euro Project intersected thick zones of a previously unrecorded sedimentary package in the south of the Calais target. This could be associated with the massive iron formations that run throughout the terrain.

Also, multiple zones of mineralised gossan, presumably VMS (volcanogenic massive sulphide) or skarn related, are hosted by these sediments along with hydrothermal quartz.

The latest gold results have validated the project's significant potential for further development with additional drilling. Several of these outcomes are still open in various directions and at different levels. The discovery of broad polymetallic mineralisation is an exciting development, and the technical team is currently analysing the context of these findings.  

Related read: Tempest Minerals (ASX:TEM) in high spirits with derisked lithium exposure amid EV race

What’s Next?

  • Tempest plans a follow-up drilling program over the project and is currently awaiting regulatory approvals.
  • The Company intends to undertake further geological mapping and sampling over the tenement.
  • To better delineate the mineralisation extent, geophysical survey planning is also underway.

TEM shares were trading at AU$0.048 apiece in the early hours of 25 May 2022.

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