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Tempus Resources Ltd (ASX:TMR)

ALERT: Price-sensitive ASX Announcement for TMR
Current share price for TMR : $0.004 0 (0%)+
Announcement
Release
5 Jun 2024 8:25AM
Price at Release
$0.004
Full Release
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Summary
Tempus Resources Ltd has announced the commencement of a substantial airborne geophysical survey at the Prescott Project in Nunavut, Canada. The survey, which includes gravity gradiometric and magnetic methods, aims to identify density anomalies and potential mineral deposits in the area. The project area, covering a significant geological formation, is located near the American West Metals Storm Project, known for its copper and silver resources. All necessary permits for the exploration campaigns have been secured, and the survey is expected to take approximately 45 days to complete, with preliminary data guiding further geochemical mapping efforts planned for August.
Key Points
  • Large airborne geophysical survey has commenced at the Prescott Project.
  • Survey includes gravity gradiometric and magnetic methods.
  • Gravity is preferred due to its track record in the region.
  • Tempus is only liable for mobilization charges until the acquisition is completed.
  • All required permits for the exploration campaigns have been received.
  • The Prescott Project is near the Storm Project with significant mineral resources.
  • Survey aims to identify density anomalies for future exploration.
  • The survey is expected to take approximately 45 days to complete.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.