We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tembo Gold Corp | TSXV:TEM | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.16 | 0.16 | 0.19 | 0 | 00:00:00 |
Hot Features
Premium
Tembo Gold Corp. (TSX VENTURE:TEM)(OTCQX:TBGPF)(FRANKFURT:T23) ("Tembo", or the
"Company) is pleased to report additional results from its 2012 recent drill
program on the Tembo Property in the Lake Victoria goldfield of Tanzania. These
additional diamond drill holes and shallow, close-spaced reverse circulation
(RC) holes from the Ngula 1 target were drilled as part of the Phase 1 drilling
program on the Tembo property designed to test the continuity of the mineralized
zones intersected earlier in the 2012 diamond drilling campaign. These results
support the high-grade results previously reported from this target area.
Highlights of the latest drill results include:
-- TRC0001: 38.20g/t Au over 1.00m from 85m
-- TRC0008: 3.75g/t Au over 6.00m from 35m
-- TDD0146: 10.70g/t Au over 1.00m from 308m
David Scott President & CEO stated, "These drill hole results form part of both
the Ngula 1 in-fill diamond drilling programme and the first close-spaced RC
programme that is designed to test the continuity of the mineralized zones
intersected in the 2012 diamond drilling campaign. The planned series of
closer-spaced drill holes will provide us with the density of data we require to
enable us to undertake geological modeling and resource definition. The data
obtained from these holes will provide additional confidence in correlating and
interpreting the structures and mineralization present at Ngula 1. Given the
results obtained in the deepest Ngula 1 intersection to date (TDD0041 - which
returned, 22.81g/t Au over 15.00m from 299.00m including 34.78g/t Au over 9.70m
from 302.30m as previously reported), completion of the close spaced drilling
programme will be deferred in favour of further testing of the deposit at
depth."
The Ngula 1 Target
The Ngula 1 target consists of a 600m long, 150-200m wide corridor of massive
and locally intensely sheared mafic meta-volcanic rocks bounded to the north and
south by thin meta-sedimentary units. This package contains numerous intensely
deformed, veined and altered shear structures that typically have elevated gold
values. Based on the structural intersections achieved to date, the current
interpretation is that the corridor of deformed meta-volcanic rocks contains two
wide shear zones, one in the northern half and one in the southern half. A
single section through the package may host as many as 5-10 such structures
ranging in width from less than one metre to several tens of metres. The
structures are predominantly steeply north dipping and are thought to represent
sub-parallel and often interconnecting splays and subsidiary structures to the
principle east-west shears, with secondary cross-cutting northwest and northeast
structures also present. Zones of intersection and convergence are considered to
be the favoured location for wider zones of mineralization and higher grades.
Gold mineralization is closely associated with quartz veining, alteration and
disseminated sulphides, which include dominant pyrrhotite, and lesser pyrite and
chalcopyrite. The stronger and more sulphide rich structures (pyrrhotite) are
interpreted to correspond closely to lineaments that are evident in the
structural interpretation of magnetic imagery.
Drill Program
The drilling program initially consisted of alternating 100m-spaced diamond and
reverse circulation drill hole sections drilled from the south targeting the
zones at vertical depths of approximately -50m, -100m, -150 and -200m, and
100m-spaced diamond hole drill sections drilled from the north to similar
depths. Recent deeper drilling has intersected wide zones of high-grade gold
mineralization at a vertical depth of approximately 250m and deeper drilling
down through 500m is currently being planned. Based on geological interpretation
of deposition conditions at the time of mineralization, deeper drilling is
expected to return more consistent and laterally extensive good results as
achieved in TDD0041 which returned, 22.81g/t Au over 15.00m from 299.00m
including 34.78g/t Au over 9.70m from 302.30m, (previously reported), as was the
case at the adjacent mine Bulyanhulu Mine during the discovery drilling program.
To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/TEM0426.pdf
Table 1: Additional drilling results from drilling at Ngula 1
--------------------------------------------------------------------------
Width Au g/t Width Au g/t
From To Width Au g/t greater than greater than
BH ID (m) (m) (m) 0.50g/t 2.00g/t
--------------------------------------------------------------------------
TDD0133 15.86 16.64 0.78 0.84 0.78 0.84
35.00 36.00 1.00 2.37 1.00 2.37
90.00 91.00 1.00 0.73 1.00 0.73
132.65 133.32 0.67 1.40 0.67 1.40
176.38 177.00 0.62 4.81 0.62 4.81
223.00 223.67 0.67 1.76 0.67 1.76
--------------------------------------------------------------------------
TDD0145 194.50 195.00 0.50 1.01 0.50 1.01
-----------------------------------------------------------------
209.00 209.50 0.50 0.62 2.00 1.17
209.50 210.00 0.50 1.85
210.00 210.50 0.50 1.12
210.50 211.00 0.50 1.10
-----------------------------------------------------------------
235.00 236.00 1.00 0.90 1.00 0.90
--------------------------------------------------------------------------
253.00 254.00 1.00 0.59 1.00 0.59
-----------------------------------------------------------------
267.00 267.50 0.50 5.53 3.50 2.14
267.50 268.00 0.50 4.60
268.00 268.50 0.50 0.56
268.50 269.00 0.50 0.52
269.00 269.50 0.50 0.29
269.50 270.00 0.50 0.91
270.00 270.50 0.50 2.57
--------------------------------------------------------------------------
TDD0146 18.00 19.00 1.00 1.37 1.00 1.37
-----------------------------------------------------------------
76.00 77.00 1.00 1.55 1.00 1.55
-----------------------------------------------------------------
79.60 80.10 0.50 1.40 0.50 1.40
-----------------------------------------------------------------
167.90 168.40 0.50 3.51 1.50 2.35
168.40 168.90 0.50 2.09
168.90 169.40 0.50 1.46
-----------------------------------------------------------------
307.50 308.00 0.50 1.19 2.50 4.77
----------------
308.00 309.00 1.00 10.70 1.00 10.70
----------------
309.00 310.00 1.00 0.63
-----------------------------------------------------------------
352.00 353.00 1.00 0.54 1.00 0.54
--------------------------------------------------------------------------
TRC0001 46.00 47.00 1.00 2.15 3.00 1.76 1.00 2.15
----------------
47.00 48.00 1.00 1.93
48.00 49.00 1.00 1.19
-----------------------------------------------------------------
85.00 86.00 1.00 38.20 1.00 38.20
-----------------------------------------------------------------
93.00 94.00 1.00 1.03 2.00 1.17
94.00 95.00 1.00 1.31
--------------------------------------------------------------------------
TRC0002 8.00 9.00 1.00 4.59 2.00 2.58 1.00 4.59
----------------
9.00 10.00 1.00 0.57
-----------------------------------------------------------------
36.00 37.00 1.00 2.74 1.00 2.74
-----------------------------------------------------------------
52.00 53.00 1.00 0.90 5.00 1.29
53.00 54.00 1.00 0.50
----------------
54.00 55.00 1.00 3.77 1.00 3.77
----------------
55.00 56.00 1.00 0.73
56.00 57.00 1.00 0.55
-----------------------------------------------------------------
70.00 71.00 1.00 0.61 1.00 0.61
--------------------------------------------------------------------------
TRC0007 13.00 14.00 1.00 0.88 2.00 0.99
14.00 15.00 1.00 1.09
-----------------------------------------------------------------
40.00 41.00 1.00 0.65 1.00 0.65
-----------------------------------------------------------------
72.00 73.00 1.00 1.60 2.00 1.31
73.00 74.00 1.00 1.02
--------------------------------------------------------------------------
TRC0008 9.00 10.00 1.00 5.18 1.00 5.18
-----------------------------------------------------------------
35.00 36.00 1.00 0.88 6.00 3.75
36.00 37.00 1.00 0.89
37.00 38.00 1.00 4.56
38.00 39.00 1.00 2.53
39.00 40.00 1.00 11.50
40.00 41.00 1.00 2.12
-----------------------------------------------------------------
50.00 51.00 1.00 2.48 1.00 2.48
-----------------------------------------------------------------
74.00 75.00 1.00 0.84 2.00 1.34
75.00 76.00 1.00 1.83
--------------------------------------------------------------------------
TRC0016 41.00 42.00 1.00 0.65 1.00 0.65
-----------------------------------------------------------------
122.00 123.00 1.00 1.01 1.00 1.01
--------------------------------------------------------------------------
TRC0022 110.00 111.00 1.00 1.17 1.00 1.17
-----------------------------------------------------------------
132.00 133.00 1.00 0.55 2.00 2.26
133.00 134.00 1.00 3.96
--------------------------------------------------------------------------
Notes:
1. Widths represent drill intersection widths not corrected for drill hole
inclination and dip of the geological zone. True widths have not been
determined. The drill hole inclination of 60deg and sub vertical dip of
the structures suggests that the true width will be approximately 86% of
the intersected width.
2. Drill holes have not been drilled in numerical sequence and not all
drill holes in a sequence have necessarily been drilled. Drill hole
numbers represent the original drill hole identification assigned when
planned.
3. No capping of high-grade values has been applied to the assay results.
Table 2: Drill hole collar coordinates, azimuth, collar dip, and final
depth for the recent Ngula 1 drill holes
--------------------------------------------------------------------------
Hole_ID Easting Northing Elevation Azimuth CollarDip EOH
--------------------------------------------------------------------------
TDD0133 436750.0 9647156.0 1225 0 -60 300
TDD0145 436450.0 9647325.0 1225 180 -60 296
TDD0146 436550.0 9647120.0 1225 0 -60 387
TRC0001 436700.0 9647142.5 1225 0 -60 111
TRC0002 436700.0 9647167.5 1225 0 -60 106
TRC0007 436687.5 9647155.0 1225 0 -60 101
TRC0008 436675.0 9647155.0 1225 0 -60 100
TRC0016 436500.0 9647337.5 1225 180 -60 171
TRC0022 436512.5 9647325.0 1225 180 -60 156
--------------------------------------------------------------------------
QA/QC
A stringent QA/QC practice is being applied to all sample batches. A Verified
Reference Material standard is inserted every 20th sample, a known blank or
blank standard every 20th sample and all samples with assays greater than 0.5
g/t Au are re-assayed. 1% of all samples are submitted to an alternative
laboratory for check analysis. In addition the laboratory adheres to an internal
QA/QC procedure including standard samples and repeats and blanks inserted
independently.
The above information has been prepared under the supervision of David Scott,
Pr. Sci. Nat., who is designated as a "Qualified Person" with the ability and
authority to verify the authenticity and validity of the data.
About Tembo Gold Corp.
Tembo Gold Corp. is a Canadian publicly listed mineral exploration company
focused on the exploration and development of gold projects in Tanzania and the
rest of Africa. The Company currently has 100% interest in the Tembo Gold
Project that is located adjacent to African Barrick's 14Moz Bulyanhulu Mine in
the prolific Lake Victoria Greenstone belt in Tanzania. The company is led by a
highly experienced team with a proven history of developing, financing, and
operating mining projects in Africa. The Company's exploration strategy is to
discover mineral resources as well as continue to look for additional
opportunities that can bring value to the Company and shareholders.
On Behalf of the Board of Directors of Tembo, David Scott, President & CEO
Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking
information. Forward looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "intend", "could", "might", "should", "believe" and
similar expressions. In particular, this news release contains forward-looking
statements in respect of the results of the gold deportment studies conducted by
SGS, including, without limitation, expected CIL recoveries and the expectation
of high recoveries based on the preliminary gold deportment results,
Forward-looking statements are based upon the opinions and expectations of
management of the Company as at the effective date of such statements and, in
certain cases, information provided or disseminated by third parties. Although
the Company believes that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, and that information obtained
from third party sources is reliable, they can give no assurance that those
expectations will prove to have been correct. With respect to forward-looking
statements contained in this news release, the Company has made assumptions
regarding, among other things, the ability to develop the Company's Tembo
project, the economic climate in the jurisdictions where the Company carries on
operations at its Tembo project and commodity prices. Although the Company
believes that the expectations reflected in the forward-looking statements
contained in this document, and the assumptions on which such forward-looking
statements are made, are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this document, as there can
be no assurance that the plans, intentions or expectations upon which the
forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not occur,
which may cause actual results in future periods to differ materially from any
estimates or projections of future performance or results expressed or implied
by such forward-looking statements. These risks and uncertainties include, among
other things, a significant drop in the price of gold, political turmoil in
Tanzania and other risk factors set forth in the Company's continuous
disclosure. Readers are cautioned that this list of risk factors should not be
construed as exhaustive. These statements are made as at the date hereof and
unless otherwise required by law, the Company does not intend, or assume any
obligation, to update these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tembo Gold Corp.
Marc Cernovitch
Director & VP Business Development
416.619.9010
mcernovitch@tembogold.com
www.tembogold.com
1 Year Tembo Gold Chart |
1 Month Tembo Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
