Tempus Resources Ltd (ASX: $TMR) completes acquisition of Prescott base metals project

Tempus Resources Ltd (ASX: $TMR) has successfully completed the acquisition of the Prescott copper & base metals project in Nunavut, Canada. The project covers 49 licenses spanning 607 km2 and is strategically located near American West Metals (ASX: $AW1) Storm Project, which hosts an Indicated & Inferred resource of 17.5 Mt @ 1.2% Cu and 3.4g/t Ag. Exploration activities have already commenced with a large geophysical survey underway, scheduled for completion in mid-July 2024.

Executive Commentary on Prescott Project Acquisition

Non-Executive Director, Chris Hansen, expressed excitement about the completion of the acquisition, highlighting the potential for a world-class exploration opportunity. He emphasized the advantage of a head-start with the field season and the unique opportunity to explore for sediment-hosted copper deposits and Mississippi Valley Type deposits in a proven jurisdiction. Hansen also noted the substantial area covered by the Prescott Project and its geological continuity with the nearby Storm Copper Project, presenting a rare district-scale exploration opportunity.

Summary of Prescott Project Acquisition and Outlook

Tempus Resources Ltd (ASX: $TMR) has successfully acquired the Prescott copper & base metals project in Nunavut, Canada, strategically located near the Storm Project. The company has commenced a large geophysical survey, with plans for a detailed geochemical mapping program. The project's geological similarities to the nearby Storm Project present significant potential for mineral discovery. With the first exploration work already underway, Tempus aims to leverage modern data over a previously unexplored area for copper and base metals. The company's proximity and interpreted geological continuity with the Storm Copper Project provide a unique opportunity for district-scale exploration. The planned exploration activities will target sediment-hosted copper deposits and Mississippi Valley Type deposits, with a focus on employing a geological model similar to that of the Storm Deposit. While the project is in the early stage and subject to associated risks, the completion of the acquisition marks a significant step in Tempus Resources' exploration endeavors.