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Tempus will part with C$685,000 for the Blackdome-Elizabeth gold project in British Columbia, with 206,139 ounces at Elizabeth (in quartz veins grading 12.26 grams per tonne), separated from a 300 tonne per day mill at Blackdome by 39km of planned and existing roads.
According to Tempus, a 35km existing road requires upgrading and 4km of a new haul road will need building.
The project is being acquired from Sona Resources.
MNN was unable to immediately reach Tempus for further comment.
Last quarter Tempus reported the acquisition of mineral concessions in Ecuador, including ground adjoining the near-10 million ounce Fruta del Norte deposit being developed by Lundin Gold.
Aside from multi-company associated former investment banker Molyneux, Tempus' management includes Brendan Borg and exploration manager Kevin Piepgrass and COO Rodrigo Izurieta.
Tempus started the September quarter with A$4.1 million.
Shares in Tempus were up 32% to 18.5c in morning trade, capitalising the company at $6.7 million.
The stock was at 27c last August.
