Tembo Gold Corp. (TSX VENTURE:TEM) (OTCQX:TBGPF)(FRANKFURT:T23) ("Tembo" or the "Company") is pleased to report the results from the first of a planned series of close-spaced drill holes at the Ngula 1 target at its Tembo Gold Project in the Lake Victoria goldfield of Tanzania. Hole TRC0003 was drilled to test the lateral continuity of a wide zone of mineralization previously intersected and reported (March 13th, 2012) in Diamond drill hole, TDD0004, which returned, 3.13 g/t gold over 25.89m.
It is interpreted that in a 150m wide east-west structural corridor at Ngula 1, there are at least two wide structural deformation zones that host mineralization. Drill holes TRC003 and TDD0004 intersected the zone that is interpreted as the large structure in the southern half of the structural corridor at Tembo. Meanwhile, hole TDD0041, reported January 15th, 2013, which was the first deep hole at Ngula 1, returned 22.81 g/t gold over 15.00m at a downhole depth of 299m, and is interpreted to have intersected the large structure in the northern half of this structural corridor.
Highlights of the latest drill results include:
- TRC0003: 4.73 g/t gold over 23.00m from a downhole depth of 54.00m including 28.57 g/t gold over 3.00m and 5.28 g/t gold over 4.00m.
Tembo Gold President & CEO, David Scott stated: "This drill hole is the first close-spaced hole drilled at Ngula 1 that is designed to test the continuity of the mineralized zones intersected in the 2012 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 widths and grades encountered in this hole, that correlate well with hole TDD0004, are at a shallow depth and suggest that a resource may be defined at Ngula 1 that could be considered for open pit exploitation. The results also show that where the shear structures are mineralized with gold, there is typically a high-grade core to the mineralization. This implies that there is potential to identify deeper high-grade resources in the future that could be economically exploited by an underground operation."
To view the entire news release, please click here.
Regards,
Brett Allan
T: 416-907-4148
ballan@apexcap.ca
This message was sent to .com from:
Apex Capital Inc. | Suite 1001 - 67 Yonge Street | Toronto, Ontario M5E 1J8, Canada |
Email Marketing by |
|
Gold One International Ltd
|
|
PRODUCER |
CODE : GDO.AX |
ISIN : AU000000GDO5 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Gold One is a gold development stage company based in South africa. Its main assets in production are SUB NIGEL & SPAARWATER and MODDER EAST in South Africa and its main exploration properties are NEW KLEINFONTEIN & TURNBRIDGE, HOLFONTEIN and VENTERSBURG in South Africa and ETENDEKA in Namibia. Gold One is listed in Australia, in Germany, in South Africa and in United States of America. Its market capitalisation is AU$ 242.1 millions as of today (US$ 213.2 millions, € 156.2 millions). Its stock quote reached its lowest recent point on April 03, 2009 at AU$ 0.01, and its highest recent level on May 15, 2009 at AU$ 12.00. Gold One has 807 080 905 shares outstanding. |