Tempus Resources funds gold exploration in Canada and Ecuador with $4M raise
TEMPUS Resources (ASX: TMR) has raised $4 million to fund its next stage of exploration at its low risk, high producing, high grade mine in British Columbia, Canada. Tempus has two major projects: Blackdome-Elizabeth in Canada and Zamora in Ecuador. The two projects offer investors a good balance of a high-risk, high reward play against certainty (in Canada), where there is an existing resource Tempus feels it can expand on. Much of the money raised will go towards the Blackdome-Elizabeth Project, which comprises the Blackdome Gold Mine and Elizabeth Gold Deposit located in the Tier-1 jurisdiction of British Columbia, Canada. Blackdome and Elizabeth are two deposits, making up one project that is significantly de-risked by previous production history, with demonstrated…