March 13, 2012 Toronto, Ontario – Tembo Gold Corp. (TSX-V: TEM) ("Tembo", or the "Company) – is pleased to announce the first assay results from its initial drilling at the Tembo Project in the Lake Victoria goldfield of Tanzania. Drilling at the first target consisted of 12 drill-holes, 6 reverse circulation (RC) and 6 diamond drilling (DD) on alternate section lines 100m apart along a 500m strike length. The goal of the drill program was to test for multiple mineralized structures at 50 and 100m depths beneath artisanal workings.
To date assay results from 7 holes (3 reverse circulation and 4 diamond drill), have been received and are reported below, assays for the remaining 5 holes are pending and will be reported on as soon as they become available.
Highlights Include:
- TDD0004: 3.13g/t Au over 25.89m including 8.87g/t Au over 3.89m;
- TDD0005: 10.76g/t Au over 4.00m, including 93.3 g/t Au over 0.38m and;
- TRC0013 16.10g/t Au over 3.00m and 4.01g/t Au over 3.00m.
Tembo Gold President & CEO, David Scott stated, “We are very excited by these initial drill results as they reinforce our strategy of targeting magnetic lineaments which have significant artisanal activity at surface. These early drill results were beyond our expectations and dramatically illustrate and confirm the potential for widespread high grade gold mineralization throughout the Tembo project area. Given these very positive results, follow up deeper drilling is being planned to target mineralization at 100m depth intervals down to 500m on this target. We are also pleased to report that 4 additional drill rigs have been ordered and are en route to site.”
To view the entire news release, please click here.
Regards,
Dave Doherty
T: 604 315 1237
dave@informcapital.com
This message was sent to .com from:
Apex Capital Inc. | 1001 - 67 Yonge ST | Toronto, ON M5E1J8, Canada |
Email Marketing by |
|
Gold One International Ltd
|
|
PRODUCTEUR |
CODE : GDO.AX |
ISIN : AU000000GDO5 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |