Tempest Minerals confirms multiple gold, base metal and iron ore targets at Euro Project

Tempest Minerals Ltd’s (ASX:TEM) (FRA:LIF) recent geological modelling based on its internal magnetic data set has confirmed multiple new gold, base metal and iron ore targets at the Euro Project in the Yalgoo region of Western Australia. As part of the company’s data and technology focussed strategy, a large regional magnetics dataset was remodelled and has given unprecedented resolution for exploration at the Yalgoo Projects. Multiple new exploration targets have been identified for gold, base metals and iron ore from the in-house geophysical dataset. Notably, significant signatures indicate a possible geological connection to the one million ounces Rothsay Mine. Multiple high priority exploration targets Tempest’s work this quarter has highlighted multiple high priority exploration targets prospective for gold, base metals and iron ore. The significant investment in combining this with other historic geological, geochemical and other datasets in a holistic manner has provided an opportunity that may have not been readily identified by previous operators. Kiev target The Kiev target in particular exhibits a geophysical signature similar to that of the nearby Silverlake (ASX:SLK) Rothsay Mine. In addition, Tempest is progressing drill approvals and planning at the northern targets within the Euro Project where numerous historical drill holes intersected thick gold mineralisation. Historical drilling identified extensive mineralisation in the north with results including 15 metres at 2.3 g/t gold from 15 metres and remain open in all directions. Euro Project background The Euro Project includes more than 176 square kilometres of 100% Tempest-owned tenements and is part of the company’s exciting exploration portfolio in the Yalgoo region of Western Australia totalling more than 900 square kilometres. Parts of the project were explored in the 1990s and early 2000’s for gold and iron ore, with drilling occurring in the north of the project area encountering significant gold mineralisation but due to depressed metal prices, were not considered a priority at the time and not followed up. The Euro Project is wedged between 4 current major operations: Karara (Iron), Shine (Iron), Mt Mulgine (Gold/Tungsten) and Rothsay (Gold/Copper) and share the same geology. Next steps Tempest will start fieldwork in July comprising geochemical and geological surveys over priority targets including Kiev. The preparation for drilling including approvals is in advanced stages.