Tempest Minerals Ltd (ASX:TEM) managing director Don Smith tells Proactive that recent mineralogical mapping at the Budapest target within the companys Euro Project has revealed high-grade silver rock chips, with measurements of up to 63 parts per million (ppm). The presence of silver, along with other alteration minerals, suggests an extension of known mineralisation previously identified at the Calais target.
In addition to the silver discovery, TEM has made changes to the project footprint. The Euro project has been extended to the south, expanding its reach, and the company has terminated joint venture (JV) discussions with Karara Mining Ltd (KML).
The Euro Project is a part of TEM's extensive exploration portfolio in the Yalgoo region of Western Australia, covering more than 300 square kilometres of tenements. It sits between major operations such as Karara (iron), Rothsay (gold/copper) and Mt Mulgine (gold/tungsten).
Since 2020, TEM has been actively exploring the project, leading to the identification of various commodities, including iron, lithium and base metals.
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Tempest Minerals Ltd
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