Insights

Tempus Resources (ASX:TMR) share price up 14% on drill results

The gold miner’s share price increases amid encouraging news from its Canadian drill site.
The post Tempus Resources (ASX:TMR) share price up 14% on drill results appeared first on The Motley Fool Australia. –

The Tempus Resources Ltd (ASX: TMR) share price stormed more than 14% higher in Tuesday’s session.

Shares in the gold explorer received a boost after the company released promising drill results.

Let’s take a look at what Tempus announced.  

Tempus share price soars on drill results

The Tempus share price is flying after releasing the first assay results from its 2021 drilling program at Elizabeth Gold Project in Canada.

In particular, the company noted a bonanza-grade intersection in hole EZ-21-04.

According to Tempus, the intersection returned 4 metres at 31.2 grams per tonne of gold from 122 metres. This included 1.5 metres at 52.1 grams per tonne of gold from 123 metres and 0.50 metres at 72 grams per tonne of gold from 124 metres.

EZ-21-04 is part of a group of the first four drill-holes of the 2021 program, which were designed to intersect ore shoots at the southwest vein at Elizabeth.

Tempus noted that 14 drill holes have been completed so far at Elizabeth with multiple assays pending.

Tempus President and CEO Jason Bahnsen commented:

Drilling at Elizabeth continues to generate very high-grade intersections over robust widths. We will be receiving further assay results soon and we’re very excited to see the results as we continue to expand the Elizabeth resource envelope.

Tempus’ update noted that the company’s technical team continue to be encouraged by what they are seeing in the drill core. Meantime, drilling continues to systematically explore down dip of the southern and northern ore shoots as well as drill testing along strike to the north.

More on the Tempus share price

Tempus is a dual-listed gold explorer with active exploration projects in Australia, Canada and Ecuador.

The company’s flagship project is its Blackdome-Elizabeth Gold Project located in Southern British Columbia. Tempus is currently midway through its drill program at the site.

The Tempus share price received a boost recently after the company reported positive survey results early last week.

Shares in the gold explorer have been rather volatile in 2021. Including today’s price action, the Tempus share price is around 10% higher for the year.

At market close on Tuesday, shares in Tempus are 10.42% higher for the day at 26.5 cents. The Tempus share price was up more than 14% earlier in the session, hitting an intra-day high of 27.5 cents.

The post Tempus Resources (ASX:TMR) share price up 14% on drill results appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

Tempus Resources (ASX:TMR) share price jumps 19% on survey results

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!