Tembo Announces Further Positive Results from the Ngula 1 Diamond Drilling Programme
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Tembo Announces Further Positive Results from the Ngula 1 Diamond
Drilling Programme
January 31, 2023, Vancouver, BC – Tembo Gold Corp. (TSX-V: TEM; FSE:T23A) ("Tembo" or the "Company") is
pleased to announce further encouraging Ngula 1 target results from the ongoing diamond drilling campaign on
the Company’s Tembo Project in Tanzania. The Company planned a 7,000m programme of drilling of which
4,648m was completed before the drillers break commenced in December, drilling recently recommenced and
is expected to be comp leted by the end of February . All drillholes intersected gold mineralization with one
exception and a previously recognized , but undrilled cross structure , returned s ignificant gold intersections
associated with abundant sulphide, strong deformation and alteration.
Highlights
• A total of 3,586m of drilling has been completed at Ngula 1 in this phase of drilling, comprising a total of
23 drill holes.
• The recent drilling at the target totals 1,390m and 11 drillholes (excluding one abandoned drillhole).
• Best intersections returned in the recent drillholes include 5.22g/t Au over 1.93m from 107.18m; 4.14g/t
Au over 3.85m from 118.49m, including 7.03g/t Au over 2.08m; 19.90g/t Au over 0.57m from 35.24m;
and 1.68g/t Au over 5.28m from 72.45m.
• All holes logged and sampled to date intersected multiple gold mineralization except for one drill hole.
• A set of drillholes targeted a known northeast trending structure that had never been drilled.
• Significant strong sulphide mineralization encountered in this cross structure returned positive gold
results that are expected to improve with depth.
• These results are associated with robust geology comprising narrow to wide zones of strong shearing of
the host rock, with associated alteration, quartz veining and sulphide mineralization.
• This cross structure and its intersection with the main structures and other northwest trending cross
structures is considered a key component of the geological control of wide and potentially high -grade
mineralization at Ngula 1.
Ngula 1
• Ngula 1 is a 600m long 120-200m broad zone hosting multiple east-west trending shear zones.
• These shears almost ubiquitously host gold mineralization within multiple highly foliated, altered and
veined structures.
• The intersections achieved to date highlight that the mineralization as well as the structural deformation
and alteration zones pinch and swell, and it is interpreted that this is controlled by the intersection of
the structures that are developed in three primary directions, east -west, northeast southwest and
northwest-southeast (similar to Bulyanhulu).
• The current drill program has made a significant contribution to the understanding of the geological
controls and attitude of these zones.
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• Previously reported results at Ngula 1 include:
2012-2014:
o TDD0004 - 9.38g/t Au over 6.30m from 60.00m;
o TDD0005 - 15.59g/t Au over 2.68m from 155.32;
o TDD0041 - 22.81g/t Au over 15.00m from 299.00m;
o TDD0054 - 11.85g/t Au over 8.02m from 117.93m;
o TDD0111 - 21.47g/t Au over 2.45m from 53.35m.
2022
o TDD0153 - 3.55g/t Au over 3.11m from 44.25m;
o TDD0156 – 1.51g/t Au over 10.18m from 143.10m including 2.33g/t Au over 3.45m from
146.54m, and 3.47g/t Au over 0.75m from 157.76m;
o TDD0157 - 4.95g/t Au over 1.67m from 120.12m;
o TDD0158 - 17.60g/t Au over 1.48m from 31.12m;
o TDD0159 – 1.24g/t Au over 3.08m from 117.00m;
• The latest drill hole results include:
o TDD0159 – 1.24g/t Au over 3.08m from 117.00m;
o TDD0160 – 5.22g/t Au over 1.93m from 107.18m including 10.07g/t Au over 0.89m, and 2.73g/t
Au over 1.54m from 116.38m;
o TDD0161 – 1.64g/t Au over 3.07m from 54.43m;
o TDD0169 – 2.22g/t Au over 0.50m from 102.76m , and 0.82g/t over 2.78m from 159.22m, and
1.55g/t Au over 1.32m from 173.05m;
o TDD0172 – 4.14g/t Au over 3.85m from 118.49m including 7.03g/t Au over 2.08m;
o TDD0174 – 19.90g/t Au over 0.45m from 39.55m;
o TDD0176 – 1.68g/t Au over 5.28m from 72.45mm.
• All new drill results are tabled below.
• This drilling program has provided the data to conduct a detailed structural interpretation which will
enable resource definition drilling at Ngula 1 along high-grade shoots.
• The drilling has also confirmed the persistence of the structures hosting the Ngula 1 mineralization, of
multiple east -west structures truncated by the cross -cutting structures that are also host to gold
mineralization.
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Figure 1. Ngula 1 best intersections to date
Tembo Exploration Manager, Hendrik Meiring, commented, “ The recent completed drilling provided us with
additional geological information that has contributed to a more advanced understanding of possible areas of
enrichment in mineralization along known existing mineralized structures at Ngula 1 and an ongoing d etailed
structural study will assist us in targeting future planned drilling targets and possible extension along strike of
known mineralized structures.”
Tembo President & CEO, David Scott, stated, “ Ngula 1 target has once again returned an encouraging s et of
results, and highlighted the potential of the newly drilled northeast trending cross structure hosting very good
mineralization. It is key that we now analyze the structural data this drilling has provided in anticipation of a
resource drill out as we pursue the high-grade zones along the plunges, as well as the main gold bearers along
strike and down dip.”
The above information has been prepared under the supervision of Hendrik Meiring, Pr. Sci. Nat., who is
designated as a "Qualified Person" with t he ability and authority to verify the authenticity and validity of the
data.
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QA/QC
A stringent QA/QC practice is applied to all sample batches. A Verified Reference Material standard is inserted
every 20th sample, a known blank or blank standard every 20th sample and all samples with assays greater than
0.5g/t are re-assayed. 1% of all samples are submitted to an alternative laboratory for check analysis. In addition
the laboratory adheres to an internal QA/QC procedure including standard samples and repe ats and blanks
inserted independently.
Widths represent drill intersection widths not corrected for drill hole inclination and dip of the geological zone.
True widths have not been determined. The drill hole inclination of 60deg and sub vertical dip of the structures
suggests that the true width will be approximately 86% of the intersected width.
Drill holes have not been drilled in numerical sequence and not all drill hole s in a sequence have necessarily
been drilled. Drill hole numbers represent the original drill hole identification assigned when planned.
No capping of high-grade values has been applied to the assay results.
About Tembo Gold Corp.
Tembo Gold is a Canadian public company listed on the TSX Venture Exchange ("TSX-V") under the symbol TEM.
The Company currently has 100% interest in the Tembo Gold Project which is located adjacent to Barrick's 20Moz
Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. Our focus is the discovery and
development of world-class gold projects in Africa. The company has assembled a highly experienced team with
a proven history of developing, financing, and operating mining projects in Africa. The Company's exploration
strategy is to discover mineral resources as well as continue to look for add itional opportunities that can bring
value to the Company and shareholders.
On Behalf of the Board of Directors of Tembo, David Scott, President & CEO
David Scott
President & CEO
Phone: +255 767 366 146
Email: [email protected]
For more information please contact:
Simon Benstead Marc Cernovitch
Director & CFO Director
Phone: 604-685-9316 Phone: 604-685-9316
Email: [email protected] Email: [email protected]
www.tembogold.com
Forward-Looking Statements
Certain information set out in this news release constitutes forward -looking information. Forward looking
statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”,
“continue”, “est imate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar
expressions. Forward-looking statements are based upon the opinions and expectations of management of the
Company as at the effective date of such statements and, in certain cases, information provided or disseminated
by third parties. Although the Company believes that the expectations reflected in such forward -looking
statements are based upon reasonable assumptions, and that information obtained from third party sources is
reliable, they can give no assurance that those expectations will prove to have been correct. With respect to
forward-looking statements contained in this news release, the Company has made assumptions regarding,
among other things, the ability to develop the Company’s properties, the economic climate in the jurisdictions
where the Company carries on operations and commodity prices. Although the Company believes that the
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expectations reflected in the forward-looking statements contained in this document, and the assumptions on
which such forward -looking statements are made, are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward -looking
statements included in this document, as there can be no assurance that the plans, intentions or expectations
upon which the forward-looking statements are based will occur. By their nature, forward -looking statements
involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility
that the predictions, forecasts, projections and other forward -looking statements will not occur, which may
cause actual results in future periods to differ materially from any estimates or projections o f future
performance or results expressed or implied by such forward-looking statements. These risks and uncertainties
include, among other things, a significant drop in the price of gold, political turmoil in Tanzania and other risk
factors set forth in t he Company’s continuous disclosure. Readers are cautioned that this list of risk factors
should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise
required by law, the Company does not intend, or assume any obligation, to update these forward -looking
statements.
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IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
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