Tembo Gold

Tanzania Site Visit - Hole left after drilling

Tembo Gold plans to raise in excess of C$8M

After six months without a single press release, Tembo Gold (TEM.V) is waking up from a deep sleep and has announced a strategic deal whereby a consortium of new investors will participate in a financing deal at C$0.15/share with a full warrant at C$0.16 exercisable for three years. NAMF will […]

Tembo Gold Corp. - Site Visit

Tembo Gold announces a $1M capital raise

Tembo Gold (TEM.V) has announced a private placement, raising C$1M at C$0.40/share with 3-year ½ warrant with a strike price of C$0.60. The entire placement will be taken up by insiders and long term shareholders. The funds will be used to continue exploration drilling at the Tembo gold project in […]

Tembo Gold Corp. - Site Visit Photo

Tembo Gold announces equity financing

Tembo Gold (TEM.V) has announced an equity offering marketed by a consortium of brokers led by Canaccord Genuity. Tembo hopes to raise C$3.5M to continue their exploration drill program at their 100% owned Tembo project in Tanzania. This capital raise will be conducted at a price of C$0.40/share with ½ […]

On site drilling - Site Visit Photo

Tembo Gold releases more drill results

Tembo Gold (TEM.V) has announced the assay results for hole TRC003 which is the first of a serie of planned close-spaced drill holes. They intercepted 23 meters at 4.7g/t that almost entirely consists of two higher-grade intervals of 4 meter at 5.28g/t and 1 meter at almost 78g/t. The company […]

Tembo Gold Corp. - Well understood geological granite greenstone terrane with parallels worldwide

Tembo Gold reports monster hole at Tembo Project

Tembo Gold (TEM.V) has reported the results of a first deep diamond drill hole at their 100% owned Tembo Project in Tanzania. The company tabled an astonishing drill intercept of 15 meters at almost 23g/t of gold. Even if we’d ignore the 1m at 200g/t intersection, the remaining 14 meters […]

Tanzania Site Visit - Hole left after drilling

Tembo Gold announces exploration and corporate update

Tembo Gold (TEM.V) has released a letter from the president, summarizing all recent developments and updating the plans for 2013. The company has drilled in excess of 35,000 meters so far, and is more confident than ever before about the potential of the Tembo Gold project as 53 of the […]

Tembo Gold Corp. - Site Visit Photo

Tembo Gold closes equity financing

Tembo Gold (TEM.V) announced they closed the final tranche of their capital raise. The company raised C$4.02M by issuing 8.04M shares at C$0.50. As this financing happened at a premium to the market price – the company traded mostly under half a dollar during the financing – we consider this […]

On site drilling - Site Visit Photo

Report: Tembo Gold – Update

Tembo Gold Corp. holds a portfolio of prospecting licences and licence applications for gold in the Archean greenstone belts of Tanzania. This region of Tanzania is one of Africa’s most prolific gold camps and is host to a number of world class gold mining operations, including African Barrick’s (LON:ABG) Bulyanhulu […]

Tembo Gold Corp. - Site Visit Photo

Tembo announces $4M capital raise

Tembo Gold Corp. (TEM.V) has announced a $4M capital raise at a price of C$0.50/share. A syndicate of agents led by Canaccord Genuity has agreed to sell 8M units at C$0.50, consisting of one common share and half a warrant valid for 18 months with an exercise price of C$0.80. […]

Tembo Gold Corp. - Site Visit Photo

Tembo Gold releases new drill results

Earlier this week, Tembo Gold Corp. (TEM.V) announced new drill results on the Ngula 1 target area to the market. RC drill hole TRC0110 had the best intercept, intersecting 21.1 gram-meters at a depth of 195 meters. The company also intercepted 5.09g/t over 2.77 meters, and drilled a 94-centimeter intercept […]

Tembo hits the sweet spot – Again

Tembo Gold Corp. (TEM.V) has released new drill results from the Nyakagwe East Zone, at their 100% owned Tembo project in the Lake Victoria District in Tanzania. Tembo completed six diamond drill holes at Nyakagwe, and all of them have encountered mineralization. Hole TD-007 is the most remarkable one, intercepting […]

Mgusu Target, Tembo Project - Phase 1 Drilling Status

Tembo reports excellent intercepts in Tanzania

Tembo Gold Corp. (TEM.V) continues to release excellent news regarding its Tanzanian project. Drill hole TRC0423 intercepted 3 meters of 19.1 grammes per ton of gold at a depth of 39 meters, beneath artisanal mining. These widths and grades are very similar to the veins at the Bulyanhulu mine next […]