Tembo Gold (TEM.V) has started trading on the TSX Venture Exchange as of today. The company raised C$14M in the Initial Public Offering at C$1.00 per unit, and is currently trading at C$1.25.
Tembo currently has three drill rigs on their project, a fourth one is scheduled to arrive soon and a fifth rig has been ordered.
We visited the project in Tanzania last week, and you can expect a site visit report in the near future.
Goldgroup Mining (GGA.TO) released an updated resource estimate last week. Caballo Blanco currently hosts almost 1Moz of gold at an average grade of approx. 0.59g/t. we are looking forward to the PEA, which should be released within the next 6 weeks.