Tempest Minerals identifies silver rock chips at Budapest target

Mineral exploration company Tempest Minerals Limited (ASX: TEM) has shared new developments at its Euro Project, part of its exploration portfolio in the Yalgoo region, Western Australia. The company informed that a review of samples collected at the Budapest target from mineralogical mapping has shown the presence of silver in portable XRF (pxrf) measurement.

The company has introduced changes in the project footprint. The MOU signed with Karara Mining Ltd to commence a joint venture on tenements nearby the TEM Euro Project has been terminated as several conditions were not met within the agreed timeline.

TEM has been exploring the Euro Project since 2020, and fieldwork was conducted in 2021, including mapping, rock chip and soil geochemistry. The fieldwork resulted in the identification of multiple exploration targets. In addition to this, many iron-rich formations across the project were identified.

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