Tempest Minerals second Warriedar West gold prospect provides further encouragement

Tempest Minerals Ltd (ASX:TEM) (FRA:LIF) is encouraged by the intersection of sulphides, greenstones and potential new mineralisation in drilling of Wee Lode prospect within the 100%-owned Warriedar West Project in WA’s Murchison province. This follows the identification of gold in drilling at OK Corral target area and further increases the project’s prospectivity. The Wee Lode reverse circulation (RC) drilling intersected strongly altered silica rich zones with possible sulphides present within a previously unrecognised greenstone sequence. Comparable to nearby operations These intercepts are considered to be comparable to mineralisation at other major gold operations hosted in the same greenstone package and each have discovered resources in the order of 1 million ounces. At least five major underutilised processing facilities are within trucking distance of Warriedar West with existing direct transport routes linking the Minjar and Silver Lake Resources Limited (ASX:SLK) (OTCMKTS:SVLKF) Rothsay mines directly to this area. Warriedar West Project was acquired in December 2019 and is a large-scale exploration project targeting Intrusive Related Gold (IRG) and orogenic gold mineralisation with surface sampling indicating several multi-square-kilometre anomalous zones. The project area is within the Yalgoo-Singleton Greenstone Belt which is one of a number of similar ‘greenstone belts’ in the Murchison province. Second target zone After OK Corral, Wee Lode was the second target zone and is defined by zones of strongly altered monzonite and mineralized quartz veining at surface and several localised magnetic anomalies. Targeted step-out RC drilling intersected 3 metres of mineralised quartz at the target depth of 10 metres confirming the downdip continuation of the Wee Lode outcrop which previously yielded surface rock chips of up to 8 g/t gold. Multiple reconnaissance aircore holes at this prospect also encountered trace sulphides within the weathering horizon. Greenstone sequence Five holes into a magnetic anomaly intersected a previously unrecorded greenstone sequence including thick zones of rich magnetite, silica and other alteration assemblages consistent with mineralisation found at large-scale deposits in the region. This is particularly important as it has changed the known geology of the Warriedar region and significantly expanded the target space for orogenic gold. All samples have been submitted to Intertek laboratories and assay results are expected next month. Altered interpretation The combination of the updated geological model based on remodelled geophysics and the material intersected downhole in this drilling program has altered the existing geological interpretation of the entire region including connecting Warriedar and Meleya geologically. This has resulted in large areas of the already prospective project to be significantly more prospective for orogenic gold, providing more chance for discovery. Tempest has generated multiple high-priority drill targets as a result of this work which are being assessed and prioritised for drilling in 2021. Next steps Results of remaining assays expected in January 2021; Messenger project exploration update; and Assessment and prioritisation of targets for drilling in 2021