Tembo Gold Corp.
Tembo Gold is a Canadian publicly listed mineral exploration company with a 100% interest in the Tembo Gold Project, a ~32 km2 licence area adjacent to Barrick’s >20Moz Bulyanhulu Mine in Tanzania.
Barrick Gold Corp. Transaction
On December 7, 2021, Tembo announced that it had entered into a binding agreement with Barrick Gold Corporation (TSE: ABX; NYSE: GOLD)(“Barrick”), Bulyanhulu Gold Mine Limited (“Buly“), a subsidiary of Barrick, agreeing to sell to Buly a 100% ownership interest in six of Tembo’s non-core prospecting licences.
Tembo Gold has spent more than US$20 million to date on exploration and has a treasure trove of data waiting to be interpreted. To analyze this large data set, Tembo recently entered a collaboration agreement with Goldspot Discoveries Corp, to apply Next-Generation Analytics and Decision Support.