The Tempus Resources (ASX:TMR) share price is soaring 24% today
Brooke Cooper | April 26, 2021 2:43pm |
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Tempus Resources Ltd(ASX: TMR) share price is soaring today, leaving many investors wondering what’s provided the micro-cap with such a dramatic boost.
Tempus Resources shares boomed in early trade, at one point rocketing by 38% to trade at 24 cents.
At the time of writing, the mineral explorer’s shares are trading at 20.5 cents, still 24.24% higher than Friday’s closing price.
While there hasn’t been any news out of the company today to prompt these share price moves, Tempus has provided the market with several updates lately. Let’s take a look.
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Tempus CEO/President Jason Bahnsen commented, We look forward to receiving the assay results from the 198 samples in this initial program. The presence of both visible gold and copper mineralization during the field work is very encouraging and together with the geophysical anomalies suggest the potential for both gold and copper porphyry mineralization within the project area. Valle del Tigre II is situated in the heart of the Cordillera del Condor mineral belt of southeast Ecuador with the Mirador porphyry copper mine to the north and the Fruta del Norte gold project to the south.
The Valle del Tigre II project is a grassroots-stage exploration project in the highly prospective Cordillera del Condor mineral belt of southeast Ecuador. The Valle del Tigre II boundary is situated approximately 2.5 km northwest of Lundin Mining s, Fruta del Norte, epithermal Au-Ag deposit (7.35 M oz Au @ 9.61 g/t Indicated Resource) and approximately 15 km southwest of the Mirador Cu-Au porphyry d