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Tembo Announces Summary of the 2014 Drilling Program at the Tembo Project, in Central Tanzania and Commencement of Strategic Review Process
(via Thenewswire.ca) Toronto, Ontario / TNW-ACCESSWIRE / October 16, 2014 - Tembo ...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Tembo Announces Summary of the 2014 Drilling Program at the Tembo Project, in Central Tanzania and Commencement of Strategic Review Process(via Thenewswire.ca)\n \n \n\n\n \n \nToronto, Ontario / TNW-ACCESSWIRE / October 16, 2014 - Tembo Gold Corp. (TSX-V: TEM; FRANKFURT: T23) (\"Tembo\" or the \"Company) is pleased to announce completion of the 2014 drilling program on the Tembo project, a summary of the results of this drilling, and commencement of a strategic review of the results to date, on how to move the corporation forward and planning of further financing initiatives.\n\n \n \nHIGHLIGHTS OF THE 2014 DRILLING PROGRAM:\n\n\n \n\n\n-2014 diamond-drilling program comprised twenty-seven drill holes totaling 6,843m;\n\n\n\n-Drilling conducted on five targets, Ngula 1, Buly Trend, Ngula 2, Nyakagwe Village and Nyakagwe East;\n\n\n\n-Follow up deep drilling at Ngula 1 failed to intersect significant mineralization along strike and down dip of drill hole TDD0041.\n\n\n\n-Drilling beneath the artisanal workings along the Buly trend intersected a very wide zone of shear deformation with local abundant veining but limited gold mineralization.\n\n\n\n-No significant structures or mineralization were encountered in the drill holes to test the IP anomaly along the Buly trend at Ngula 2 target.\n\n\n\n-Notable intersections achieved at Nyakagwe East and Nyakagwe Village where the drilling continued to intersect significant gold grades and extend known mineralized structures. \n\n\n\n-Nyakagwe Village target has returned further narrow high-grade and, importantly, shallow wide low-grade intersections.\n\n\n\n\n \n\n\n-Newly discovered well-mineralized northeast-trending structure at Nyakagwe Village confirms the numerous structures interpreted from airborne magnetics across Tembo's licence area with this orientation could potentially host gold mineralization. \n\n\n\n-East-west and northeast structural intersections potentially host shallow wide mineralization. \n\n\n\n\n \n\n\n-Nyakagwe East returned significant intersections at depth, enhancing its potential.\n\n\n\n-The mineralized structures intersected at both Nyakagwe Village and Nyakagwe East remain open along strike in both directions and at depth.\n\n\n\n\n \n\n\n-Wide zones of shear deformation with associated abundant veining and minor gold mineralization were intersected alo...