Tembo GOLD Finalizing Remobilisation Activities FOR an Expanded Drill Campaign
TEMBO GOLD FINALIZING REMOBILISATION ACTIVITIES FOR AN
EXPANDED DRILL CAMPAIGN
Vancouver, February 8, 2022 – Tembo Gold Corp. (TSXV: TEM) ("Tembo" or the "Company”) is pleased
to advise that pending final approval from the Tanzanian Mining Commission a drill contractor has been
selected to commence a drill program. Refurbishment work is ongoing at Company’s camp facility and
will be completed prior to mobilisation in February. Initial drill hole planning is well underway on the
priority target Ngula 1, and further holes will be designed on return of results from the initial holes.
Highlights
• The Company through its subsidiary Mineral Industry Promotion and Consulting Co Ltd (MIP) with
the assistance of Above Ground Advisory, the Company’s local content compliance consultant, have
completed the government process to obtain Mining Commission drilling contractor approval and
the final approval is awaited.
• The exploration camp refurbishment is ongoing and is scheduled for completion in mid -February,
with the core yard, office, and accommodation facilities fully functional. The drill contractor will be
establishing their camp adjoining that of the Company and share utility facilities including security,
power and water.
• Preliminary drillhole planning for the priority target at Ngula 1 is in process with the initial holes
planned to target follow u p to drillhole TDD0041 , which returned an exceptional re sult of 22.18g/t
Au over an intersection width of 15.00m, drillhole TDD0054 with an intersection of 8.12g/t Au over
11.05m, TDD0005 with 8.5g/t Au over 5.14m, TDD0004 with 28.57g/t Au over 3.00m, TRC0013 with
17.23g/t Au over 3.00m, and a number of other encouraging holes.
• The drillholes will target structural orientation of the mineralised structures and then follow these
mineralised zones up and down dip and along strike, aiming to develop a resource model when
sufficient data has been collected.
• Additional drill holes will also test new targets identified by the recent GoldSpot target generation
exercise (please see press release dated June 1, 2021) and it is anticipated that these holes will
provide evidence of further potential through the collection of relevant data including alteration,
mineralisation and structural control along identified structures.
• The drill programme planned for 2022 will comprise 7,000m of diamond drilling and 5,000m of
reverse circulation drilling.
David Scott, President & CEO, stated “With the signing of the recent license and share purchase
agreements with Barrick Gold’s subsidiary Bulyanhulu Mine, and the consequent funding following closure
of the agreement once all regulatory approvals, and other closing conditions are met, we are e agerly
looking forward to seeing drills on the ground and exploration activity on our ground and the neighboring
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licenses. This long- awaited re -commencement of exploration will be gratifying to all those who have
cooperated to keep Tembo and its prospects alive.”
QA/QC
A QA/QC practice is applied to all sample batches. All samples are securely sealed and sample batches
bagged for transport to SGS laboratories in Mwanza. 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 0.5 g/t Au 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 repeats and blanks inserted independently. The coarse residue and pulps are retained for further
analysis and verification.
The above information has been prepared under the supervision of David Scott, Pr. Sci. Nat., who is
designated as a “Qualified Person” with the ability and authority to verify the authenticity and validity of
the data.
Notes to the above drill results:
• Widths represent drill intersection widths not corrected for drill hole inclination and dip of the
geological zone. True widths have not been determined.
• Drill holes have not been drilled in numerical sequence and not all drill holes 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 is a Canadian publicly listed mineral exploration company (TEM on the TSX Venture Exchange) with
a 100% interest in the Tembo Gold Project. Tembo’s focus is the discovery and development of 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 additional opportunities that can bring value to
the Company and shareholders.
On Behalf of the Board of Directors of Tembo,
David Scott
President & CEO
Phone: +255 767 366 146
Email: [email protected]
For more information please contact:
Simon Benstead
Director & VP Corporate Development
Phone: 604-685-9316
Email: [email protected]
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.
Cautionary Note Regarding 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; "estimate; "expect", "may, "will", "intend", "could", "might", "should", "believe" and similar
expressions. This news release contains forward -looking statements, including, without limitation, the
anticipated filing date for the Required Filings. 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. Readers are cautioned not to place undue reliance on
forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may
differ materially from results contemplated by the forward- looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include that the Company does
not file its Required Filing s by the anticipated date. Accordingly, the actual events may differ materially
from those projected in the forward-looking statements. When relying on forward-looking statements to
make decisions, investors and others should carefully consider the foregoi ng factors and other
uncertainties and should not place undue reliance on such forward-looking statements. The Company does
not undertake to update any forward- looking statements, except as may be required by applicable
securities laws.