Tempus Resources (TMRR) released results from its Blackdome-Elizabeth Gold Project.
The company says assay results from the first 11 successfully-completed drill holes of its Phase 1 drilling program show high-grade gold findings.
Highlights include one hole with 61.3 grams of gold per tonne of material mined and another that showed 28.1 grams of gold per tonne of material.
"The Phase 1 drilling results confirm the high-grade potential of Elizabeth. We look forward to continuing with the drilling program there in the Canadian spring, leading to an updated NI43-101 resource estimate thereafter," said Tempus Resources President Jason Bahnsen.
Drilling at the Elizabeth Project is set to re-commence in the spring in order to complete the remaining two thirds of the Phase 1 drilling program.
A total of 11 diamond drill holes, equalling a total of 2,006 metres, were successfully completed of the total 6000-metre Phase 1 drilling program.
Drilling took place from mid-November to mid-December 2020. The primary focus of this initial drilling was infill and down dip extension at the southern portion of the Southwest Vein and a single drill-hole testing the extension of the West and Main veins.
Approximately 4000 metres of drilling remain in the phase 1 program. Phase 1 will be immediately followed by preparation of an updated Mineral Resource estimate and an additional 7500-metre program.
The company's Blackdome-Elizabeth Gold Project consists of two separate mineralization styles, located around 200 kilometres north of Vancouver.
Tempus Resources is up 19.61 per cent on the day, with shares trading at C$0.305 at 2:31 p.m. EST.