In January 2010, Ecometals sold its interest in the Condor Gold Project in southern Ecuador to Alca Gold Limited. The sale of Condor (which included Condor Mining Corp and Condorview SA), helped finance Ecometals gold projects at Rio Zarza and manganese, gold and iro ore projects in Brazil. (Interestingly, 10 per cent holdings in both companies belonged to Holding Dine SA, controlled by a military office affiliated with the state of Ecuador). Ecometals (previously known as Goldmarca) had been interested in the Condor project since 2002.
Drilling at Rio Zarza was approved in 2011 where 9 holes were drilled. Shares in Ecometals increased substantially in October 2011 after a gold discovery was made within the Rio Zarza gold project. In April 2012, Ecometals were given approval by the Ecuadorian Government via an Environmental License to further drill in the Rio Zarza project,
Current Tempus Non-Executive Director of Tempus, Gary Artmont has been associated with Tempus’s Rio Zarza and Valle del Tigre properties since 2007, serving as a consultant to Ecometals Limited, the previous owners of the properties.