Resource News

Tembo Gold Corp. (TSXV:TEM) reported the latest drill results from the ongoing 2012 drill program at the Tembo Property in the Lake Victoria goldfield of Tanzania, including high grade intercepts of 19.1 g/t of gold over 3 metres at the Mgusu target.

Tembo Gold Corp. (TSXV:TEM) reported the latest drill results from the ongoing 2012 drill program at the Tembo Property in the Lake Victoria goldfield of Tanzania, including high grade intercepts of 19.1 g/t of gold over 3 metres at the Mgusu target.

As quoted in the press release:

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 of Tembo, commented:

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.

Click here to read the full press release.

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