|By Marketwired .||
|January 15, 2013 11:43 AM EST||
TORONTO, ONTARIO -- (Marketwire) -- 01/15/13 -- Tembo Gold Corp. (TSX VENTURE:TEM)(OTCQX:TBGPF)(FRANKFURT:T23) ("Tembo", or the "Company) is very pleased to report the results of the first deep hole from the 2012 initial drill program at Ngula 1 target on the Tembo Project in the Lake Victoria goldfield of Tanzania. The results of this deep hole strongly support the Company's geological model that mineralization grades will improve with depth, as was the case at the adjacent Bulyanhulu Mine of African Barrick Gold.
Highlights of the latest drill results include:
-- TDD0041: 22.81g/t Au over 15.00m from 299.00m including 34.78g/t Au over 9.70m from 302.30m, including 205 g/t gold over 1 meter
Tembo Gold President & CEO, David Scott stated, "These exceptional results from diamond drill hole TDD0041 at Ngula, strongly support the model that the regional geological controls on mineralization will result in improved gold grades at Tembo with depth. Given the robust nature of the structures hosting the mineralization and these results, our expectation and confidence of discovering multiple parallel laterally and vertically extensive zones of high-grade gold mineralization at depth has increased. Having achieved high grade and wide intersections in both the northern and southern half of the shear package in steep north dipping structures supports this. We eagerly anticipate the 2013 drilling program which will be designed to delineate resources and extend the depth and strike of high grade mineralization at Ngula 1."
The latest Ngula 1 drill hole results are presented in Table 1 and the highlights of the drilling results to date are depicted on Figure 1. The drill hole section through diamond drill hole TDD0041 is depicted on Figure 2.
Ngula 1 Target
The Ngula 1 target consists of a 600m long, 150-200m wide package of massive and locally intensely sheared mafic meta-volcanic rocks bounded to the north and south by thin meta-sedimentary units. Within the package there are a number of strong sub-parallel, near vertical north dipping, east-west shear structures. These shear structures consistently host gold mineralization in association with quartz veining, alteration and sulphides, predominantly pyrrhotite, pyrite and chalcopyrite. These east-west structures are of variable thickness, ranging from less than a meter to 50m, and it is interpreted that they are intersected by northwest and northeast trending secondary shear structures that result in thicker zones of deformation and alteration and higher-grade mineralization.
The drilling program to date has consisted of alternating 100m spaced diamond drill hole and reverse circulation drill hole sections drilled from the south to test the zone at vertical depths between 50m and 200m from surface, and 100m spaced diamond hole drill sections drilled from the north testing to similar depths. The earlier drill results announced in 2012 (March 13, June 7, and September 26) provide initial definition of these zone of deformation and mineralization and drill holes intersected variable grades and widths of mineralization within numerous robust parallel east west shear structures.
These intersections include:
-- TDD0004: 3.13 g/t Au over 25.89m including 8.87 g/t Au over 3.89m; -- TDD0005: 10.76 g/t Au over 4.00m, including 93.3 g/t Au over 0.38m; -- TRC0013: 17.23g/t Au over 4.00m from 19.00m, including 48.8g/t Au over 1.00m, and 13.00g/t Au over 1.00m from 104m; -- TRC0014: 19.80g/t Au over 1.00m from 114.00m and 10.00g/t over 1.00m from 122.00m; and -- TDD0054: 8.17g/t over 11.05m from 116.95m.
A comparison with shallow early drilling at Bulyanhulu reveals that like Bulyanhulu, Ngula 1, despite displaying consistent deformation, alteration and sulphide mineralization, has inconsistent grades near surface. As drilling progressed to greater depths at Bulyanhulu, grades and grade continuity improved, with a 1km ore body near surface extending to approximately 4km at depth with grades showing a marked improvement below 200m.
Diamond drill hole TDD0041 was drilled from the north to enter the northern margin of the shear package at the upper meta-sedimentary marker at a vertical depth of 200m and to exit at a vertical depth of approximately 400m, whereas earlier holes entered the zone at depths between 50m and 100m and exited at between 100 and 200m. The drill hole has reached a depth of 387m and will be deepened to a depth of approximately 500m to intersect further potential wide mineralized structures when drilling recommences. The drill hole has intersected a broad zone of deformed and foliated metavolcanic rocks with strong chlorite and epidote alteration and abundant disseminated pyrrhotite and pyrite mineralization. A gold mineralized zone of 22.81g/t over 15 m from 299m downhole is associated with sub vertical shearing and quartz veining and may correlate to the well-mineralized gold bearing shear in drill hole TDD0054 and other wide zones of shearing and mineralization that host low-grade gold. This zone is located in the northern half of the metavolcanic package. Within the southern half a similarly well-developed shear structure is interpreted to host the mineralization in TRC0013, TDD0004 and TDD0005. The pervasive nature of the alteration, the width of the deformation zones and the wide distribution of gold through these zones suggests strong shear structure controlled zones of mineralization that should have extensive lateral and vertical continuity. The stronger and higher-grade mineralization in this drill hole suggests that the tenor of gold is increasing at depth.
The Ngula 1 drilling to date indicates:
-- There are several robust steep north dipping sub-parallel east west shear structures containing gold; -- The width of the structures and mineralization along strike and down dip is variable; -- Gold mineralization tenor at the depths drilled to date (shallower than 200m) is inconsistent; -- Structures bifurcate and converge but drilling is too wide spaced for detailed and certain correlation between individual structures in both directions; -- Extensive alteration, shearing, quartz veining and sulphide mineralization typify high-grade gold bearing zones. -- Zones are developed that display the typical characteristics of well- mineralized gold intersections, appear to correlate with high-grade zones, but contain low grade gold; -- The structures are converging with depth and where they converge, higher grades and wider intersections are expected; -- The deepest hole drilled to date has given the best results.
Figure 2 is an interpretative section depicting the current interpretation of boreholes drilled along the TDD0041 section line at Ngula 1. Boreholes TDD0041 and TDD0004 correlate with a southern and northern structure respectively. Correlations and shear zone dimensions are interpreted between boreholes and the section illustrates the characteristics of the multiple shear zones.
Follow-up drilling of the Ngula 1 target at Tembo is planned for 2013. This program will be designed to in-fill the shallow drilling to approximately a 50m drill hole spacing in order to improve geological interpretation, define gold distribution with a view to modeling a shallow potential open pit resource; deep drilling will test the entire structural zone along strike and at depth to assess the continuity and gold tenor of the TDD0041 mineralized structure and the down dip and along strike continuity of the parallel gold bearing structures intersected up dip.
Table 1: Tembo Project, Ngula 1 Target, New Drill Results as of January 15, 2012 greater greater than than NGULA 1 0.50g/t 2.00g/t -------------------------------------------------------------------------- Width Au Au Width Au BH ID From To (m) g/t Width g/t (m) g/t -------------------------------------------------------------------------- TDD0041 120.00 121.00 1.00 0.60 1.00 0.60 ------------------------------------------------------------------ 237.60 238.10 0.50 1.89 1.50 1.58 238.10 239.10 1.00 1.43 ------------------------------------------------------------------ 241.00 242.00 1.00 1.00 2.00 0.94 242.00 243.00 1.00 0.87 ------------------------------------------------------------------ 299.00 299.80 0.80 2.72 15.00 22.81 299.80 300.30 0.50 1.25 300.30 300.80 0.50 1.98 300.80 301.30 0.50 0.74 301.30 301.80 0.50 0.67 301.80 302.30 0.50 1.12 302.30 302.80 0.50 110.00 302.80 303.30 0.50 300.00 303.30 303.80 0.50 18.20 303.80 304.30 0.50 23.10 304.30 304.80 0.50 22.50 304.80 305.30 0.50 5.75 305.30 305.80 0.50 14.40 305.80 306.30 0.50 37.50 306.30 306.80 0.50 3.94 306.80 307.30 0.50 4.15 307.30 307.80 0.50 4.80 307.80 308.30 0.50 0.37 308.30 308.80 0.50 19.60 308.80 309.30 0.50 1.10 309.30 309.80 0.50 0.47 309.80 310.30 0.50 7.64 310.30 310.80 0.50 1.41 310.80 311.30 0.50 35.10 311.30 312.00 0.70 43.50 312.00 313.00 1.00 1.14 313.00 314.00 1.00 0.46 -------------------------------------------------------------------------- Notes: 1. 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. 2. 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. 3. No capping of high-grade values has been applied to the assay results.
To view Figures 1 and 2 please click on the following link: http://media3.marketwire.com/docs/TEM0115.pdf
Table 2: Tembo Project, Ngula 1 Target, Drill Hole Collar Coordinates, Drill Hole Inclination and Azimuth, and Depth for the Latest Drill Hole Hole ID Easting Northing Elevation Azimuth Dip EOH TDD0041 436700 9647440 1243 180 -60 387.00
A stringent QA/QC practice is being 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 0.5 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 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.
Conference Call / Webinar
The Company will be hosting a webinar and conference call on Wednesday January 16th at 4:15pm EST. President and CEO, David Scott, will discuss the latest developments with the drilling program at the Tembo Property. To register to attend this webinar, please visit http://www.tembogold.com/webinar or call 416.907.4148.
About Tembo Gold Corp.
Tembo Gold (TSX VENTURE:TEM) is a Canadian publicly listed mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa. The Company currently has 100% interest in the Tembo Gold Project that is located adjacent to African Barrick's Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. The company is led by a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa. The company has commenced its 90,000m drill program on its Tembo Gold Project.
On Behalf of the Board of Directors of Tembo, David Scott, President & CEO
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. In particular, this news release contains forward-looking statements in respect of the use of the net proceeds from the Private Placement, the completion and timing of additional closings of the Non-Brokered Private Placement, the payment of certain finders' fees and the listing of the Common Shares on the TSXV. 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 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 of 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 the 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.
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.
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Mar. 26, 2017 03:30 AM EDT Reads: 3,835
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Mar. 26, 2017 03:15 AM EDT Reads: 1,024
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 26, 2017 01:45 AM EDT Reads: 3,718
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 26, 2017 12:30 AM EDT Reads: 1,895
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 26, 2017 12:15 AM EDT Reads: 754
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 26, 2017 12:00 AM EDT Reads: 1,737
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Mar. 26, 2017 12:00 AM EDT Reads: 4,132
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 25, 2017 08:45 PM EDT Reads: 2,798
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
Mar. 25, 2017 08:45 PM EDT Reads: 6,021
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Mar. 25, 2017 06:15 PM EDT Reads: 2,575
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 25, 2017 05:15 PM EDT Reads: 1,963
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
Mar. 25, 2017 04:00 PM EDT Reads: 558
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
Mar. 25, 2017 01:45 PM EDT Reads: 3,314
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 25, 2017 01:30 PM EDT Reads: 1,753
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Mar. 25, 2017 01:15 PM EDT Reads: 2,058
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 25, 2017 12:45 PM EDT Reads: 1,910
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Mar. 25, 2017 12:30 PM EDT Reads: 5,072
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buyers...
Mar. 25, 2017 11:00 AM EDT Reads: 3,571
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 25, 2017 10:45 AM EDT Reads: 2,123
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Mar. 25, 2017 10:00 AM EDT Reads: 2,958