THE TEMBO GOLD PROJECT

Pursuing the discovery of one or more multimillion-ounce deposits within the current licence area, similar to the five deposits which make up Barrick Gold’s Bulyanhulu mine.

Overview

The Tembo Gold Project is our highest exploration priority, and is located directly northwest of and adjacent to Barrick’s Bulyanhulu Gold Mine, in the Sukumaland Greenstone Belt. The inner arc of this greenstone belt is host to the Bulyanhulu Mine of Barrick Gold, the Buck Reef Mine of Tanzania Gold Corporation and Tuluwaka Gold Mine, formerly a Barrick operation.

The Tembo Project consists of a contiguous prospecting area comprising 6 prospecting licenses and 1 prospecting license applications, in total covering an area of ~180sq.km.

Prior exploration data acquired over a period of more than ten years is being re-processed, reinterpreted to identify and prioritize compelling targets warranting further focused follow-up including drilling, and follow-up required on existing drill targets.

Historic Work

Exploration of the Tembo Gold Project area prior to the 2011-2014 drilling campaigns progressed from broad soil sampling campaigns and a high resolution airborne magnetic and radiometric survey designed to test the gold potential of the whole of the license areas and assist in the interpretation of potentially favorable underlying geology, to more detailed follow-up programs, including limited drill testing of gold and structural anomalies generated by those programs.

Tembo Gold Corp reviewed and assessed all the historic exploration data and determined that the gold potential in the Tembo Project was considerable but untested.

The detailed technical review and ground follow-up defined an initial seven gold targets warranting immediate drill testing.

These included the interpreted extension of the northwest trending magnetic lineament (Buly Trend) which is host to the adjacent Bulyanhulu Gold Mine Reef 1 orebody, and several areas of concentrated artisanal mining along numerous similar sub-parallel structures containing very similar mineralization as evidenced by the material being mined and treated locally. A LIDAR survey flown during the latter half of 2012 provided a detailed DTM and high resolution color ortho-rectified photographic image which clearly delineated the extent and location of artisanal mining to further assist in drill targeting.

LOCATION

Our project is located within the Lake Victoria Goldfield – An established mining region with several MULTI-MILLION OUNCE GOLD DEPOSITS

Exploration

Exploration conducted to date by Tembo, including in excess of 50,000m of diamond and reverse circulation drilling, has returned outstanding results within a limited extent of the total prospective area of ~10sq.km.

Examples of significant initial drill results (with best intercepts) include:

TDD0004

TDD0004

9.38g/t Au over 6.30m from 60.00m and TDD0041 22.81g/t Au over 15.00m from 299.00m, NGULA 1 TARGET

TDD0074

TDD0074

6.55g/t Au over 7.46m from 370.46m, NYAKAGWE EAST TARGET

TDD0054

TDD0054

11.85g/t Au over 8.02m from 117.93m, NGULA 1 TARGET

TRC0423

TRC0423

19.1g/t Au over 3m from 39.00m, MGUSU TARGET

TDD0107

TDD0107

16.58g/t Au over 3.55m from 43.88m; and 27.88g/t Au over 3.00m from 65.90m, NYAKAGWE VILLAGE TARGET

Tembo Gold’s field camp has a fully equipped site exploration office, core shed and storage, tented accommodation, sample and equipment storage, kitchen and mess, and ablution facilities.

LIDAR DEM-orthophoto survey

  • In contrast, a LIDAR DEM-orthophoto survey has revealed that the Tembo Project has in excess of 13km of artisanal workings along northwest-southeast (the Buly trend), northeast-southwest and east-west trending linear structures, all of which coincide with airborne magnetic lineaments, highlighting the significant potential hidden and untested beneath the transported alluvium cover prevalent in the Tembo area.
  • The focus of work to date at Tembo has been restricted to principally three targets within a 10km2 area, the locus of the most intense artisanal activity.
  • The presence of magnetic lineaments of similar orientation throughout the greenstone fragment to the north for some 10km and west-southwest for 3km highlights the regional potential and will be the focus of the initial re-interpretation and target generation through the recently announced arrangement with GoldSpot.

VISIBLE GOLD

Current Focus

Working to define targets within our licensed area, and planning our work programme and drilling priorities.

August 20, 2020

Tembo has secured the services of Goldspot Discoveries Corp.

Tembo has engaged Goldspot to reprocess and reinterpret our entire database of data, leveraging state-of-the-art marchine learning, AI Technology, together with public domain regional data, to help unlock further value in Tembo’s prolific land package.

September 2020

Work programmes and budget preparations

Tembo's work programmes and budgets are being prepared and will be tailored to execute the recommendations of the technical review, with commencement of drilling provisionally scheduled for the first quarter 2021.

Contact

STAY UP TO DATE WITH TEMBO GOLD

Tembo Gold Corporation

Suite 1305, 1090 West Georgia Street
Vancouver, BC,
V6E 3V7

Tanzania Office

Plot 1099 31 Merarani Rd, Masaki
Dar es Salaam, Tanzania
MOB: 255 767 366 146

Investor Relations

investors@tembogold.com

604-685-9316

TEMBO GOLD CORP

Focused on the discovery and development of gold projects in Africa.

Contact