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Tempus Resources completes Zamora Projects acquisition in Ecuador and appoints new director

Permitting for drilling of key targets on Rio Zarza concession advancing, with drilling expected in Q1 2020.

Tempus Resources Ltd - Tempus Resources completes Zamora Projects acquisition in Ecuador and appoints new director
Gary Artmont appointed as non-executive director

Tempus Resources Ltd (ASX:TMR) has completed the acquisition of the Zamora Projects in Ecuador adjacent to and within the same district as the world class Fruta del Norte gold project, currently under development by Lundin Gold Inc (TSE:LUG).

The Zamora Projects comprise the highly prospective Rio Zarza and Valle del Tigre projects.

Permitting for Tempus’ maiden drilling program in Ecuador is progressing well, with commencement of the initial drilling program scheduled for Q1, 2020.

Results are pending from a geochemical sampling program aimed at refining the existing planned drilling plan, and an airborne geophysical survey has been commissioned, which will commence in December 2019.

Mining industry veteran appointed to the board

Tempus has appointed Gary Artmont as a non-executive director.

Artmont is a senior exploration geologist with 40+ years of international experience from grassroots to project feasibility studies, in regions including Canada, USA, Mexico, South America, Indonesia, Africa, Russia, China and Mongolia.

He is a recognised expert in epithermal gold mineralisation, and has held senior positions with Rio Tinto (ASX:RIO), Kennecott Australia, Freeport McMoran Indonesia, Union Carbide, Norilsk Nickel and Ivanhoe Mines.

Artmont has been associated with Tempus’s Rio Zarza and Valle del Tigre properties since 2007, serving as a consultant to Ecometals Limited, the previous owners of the properties.

Tempus non-executive chairman Alexander Molyneux said: “We are pleased to formally welcome Gary to the board of the company and anticipate what we expect will be his strong contribution to the progression of the Ecuadorian and Canadian Projects, given his vast experience in the mining industry and specially in regard to the exploration sectors in both Ecuador and Canada.”

Quick facts: Tempus Resources Ltd

Price: 0.23 AUD

Market: ASX
Market Cap: $18.29 m

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