Tempus Resources Ltd. (OTCMKTS:TMRFF) is moving in a range after announcing the signing of a major exploration deal with the Stswecem’c Xgat’tem First Nation in connection to the Blackdome Gold Mine in southwest British Columbia.
Market Reaction
On Wednesday, TMRFF stock ended flat at $0.0640 with 20k shares, compared to its average volume of 2.4K shares. The stock moved within a range of $0.0640 – 0.0640 after opening trade at $0.0640.
Exploration Agreement with Stswecem’c Xgat’tem First Nation
CEO and President of Tempus Jason Bahnsen stated that the acknowledgment of conventional territories and First Nations’ rights is vital for the success of the company’s mineral exploration projects. He said that the company is pleased to execute this crucial agreement which offers certainty for Tempus and various environmental and cultural heritage and protections and benefits for Stswecem’c Xgat’tem First Nation.
The Blackdome Gold project lies with the SXFN Traditional Territory around 230 km to the north of northwest Vancouver and around 30 kilometers of the company’s Elizabeth project. The mine has produced around 230,000 gold ounces at a typical mill head grade of around 22 grams per tonne between 1985 and 1991. Therefore in the coming weeks, investors should keep an eye on TMRFF.
Key Quote
Tempus President and CEO, Jason Bahnsen, commented “The recognition of the traditional territories and rights of First Nations is paramount to the success of our mineral exploration projects. Tempus is delighted to have executed this important agreement that provides certainty for the Company and a variety of cultural heritage and environmental protections as well as commercial benefits for the Stswecem’c Xgat’tem people.”
