TORONTO, ONTARIO--(Marketwire - Sept. 5, 2012) - Tembo Gold Corp. (TSX VENTURE:TEM)(FRANKFURT:T23)(OTCQX:TBGPF) ("Tembo" or "the Company") is pleased to report results from the ongoing 2012 drill program on the Tembo Property in the Lake Victoria goldfield of Tanzania. Drill-hole TRC0423 at the Mgusu target was drilled as part of the phase 1 drilling program on the Tembo property and has returned excellent early drill results. With these new intersections Tembo has now encountered significant gold mineralization in its initial drilling at all three of its target areas drilled to date and it continues to demonstrate the anticipated high success of drilling under artisanal mine workings.
Highlights
- Tembo drill hole confirms significant gold mineralization at 3rd target area on the Tembo project
- TRC0423: 10.17g/t over 6m from 36.0m including 19.1g/t over 3m
- Grades and widths similar to those experienced at 14Moz Bulyanhulu mine
- Over 3.1km of artisanal workings in Mgusu target area provide numerous structures to be tested
- Sampling of artisanal production at Mgusu returned grades ranging from less than 1 to 35g/t gold
David Scott, President & CEO stated, "We are very pleased to have encountered gold mineralization on yet another target on our property, the third in succession. A 13 hole RC drill campaign consisting of multiple short fences to depths of 150m was conducted in which several holes encountered gold mineralization with TRC0423 demonstrating particularly high grades of 19.1g/t gold over 3m near surface beneath artisanal mining. Mgusu is an exciting target given the large number and multidirectional nature of mineralized structures and the over 3.1km of artisanal exploitation. Having demonstrated significant gold mineralization below the artisanal workings we have confidence to proceed with a further drilling campaign to systematically test the full potential of the project and expand the positive results achieved to date at Mgusu."
To view the entire news release and full list of drill resuluts, please click here.
If you have any questions or would like additional information about Tembo Gold, please visit www.tembogold.com or feel free to contact me directly.
Regards,
Dave Doherty
604-315-1237
www.tembogold.com
ddoherty@tembogold.com
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Gold One International Ltd
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PRODUCTEUR |
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CODE : GDO.AX |
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ISIN : AU000000GDO5 |
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Gold One est une société développant des projet miniers d'or basée en Afrique Du Sud. Ses principaux projets en production sont SUB NIGEL & SPAARWATER et MODDER EAST en Afrique Du Sud et ses principaux projets en exploration sont NEW KLEINFONTEIN & TURNBRIDGE, HOLFONTEIN et VENTERSBURG en Afrique Du Sud et ETENDEKA en Namibie. Gold One est cotée aux Etats-Unis D'Amerique, en Australie, en Afrique Du Sud et en Allemagne. Sa capitalisation boursière aujourd'hui est 242,1 millions AU$ (213,2 millions US$, 156,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 03 avril 2009 à 0,01 AU$, et son plus haut niveau récent le 15 mai 2009 à 12,00 AU$. Gold One possède 807 080 905 actions en circulation. |