Business
A New Artisanal Working on Tembo's Licence Area in Tanzania
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2023) - Tembo Gold Corp . (TSXV: TEM) ...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"A New Artisanal Working on Tembo's Licence Area in TanzaniaVancouver, British Columbia--(Newsfile Corp. - May 17, 2023) - Tembo Gold Corp. (TSXV: TEM) (TBGPF: OTCBB) (FSE: T23) (\"Tembo\" or the \"Company\") reports a further new artisanal working on the Company's Tembo Project in the Lake Victoria goldfield in Tanzania. This artisanal activity is located on the interpreted western extension of the Buly structural zone that hosts numerous mineralized shear structures at Bulyanhulu Mine including Reef 0, 1 and 2 orebodies, and the recently announced Mwasabuka artisanal working (January 19, 2023). Recent grab samples collected at the shafts returned an average grade of 14.27g/t from a series of shafts aligned in an east-west orientation with grades ranging from 5.01g/t to 51.26g/t. HighlightsAn artisanal working has started in a new area of the Tembo Project prospecting licence (Figure 1).Multiple shafts are active down to bedrock.This is located on the interpreted extension of the Buly Trend from the neighboring Bulyanhulu Mine of Barrick Gold.Airborne magnetics interpretation indicates east-west structures are the host.The altered and veined metabasalt host is very strongly mineralized with pyrrhotite, pyrite and minor chalcopyrite.The Ngula Village Artisanal WorkingsAn entirely new artisanal working termed Ngula Village has commenced on the Tembo prospecting licence. The workings are located west of the small village of Ngula. The workings comprise a number of shafts that have reached bedrock and are reported to be as deep as 46m. There are several new shallower, more recently started shafts yet to reach bedrock.Two of the GoldSpot study's priority targets are located in proximity to these workings (June 1, 2021). Further developments at this location will be monitored to collect further information and representative sample of the faces being mined.The workings are interpreted to be located between two northeast trending structures interpreted as the zone that hosts the orebodies on Barrick's adjacent Bulyanhulu Mine (the Buly Trend), where this has been folded around within the Tembo licence area. It is thought that the structures being mined are east-west trending dilational cross-fractures between the parallel northeast trending sheared lithological contacts.The structural interpretation is corroborated by the airborne magn...