Tembo Gold Corp. announces the closing of the second and final tranche of its non-brokered private placement financing announced on April 27, 2022. The Company has issued in aggregate 1,085,000 common shares of the Company, at a price of CDN$0.27 per Share for gross proceeds of $292,950. The proceeds will be used for general working capital. All securities issued are subject to a hold period expiring four months plus a [...]
Tembo Gold Corp. is pleased to report that nearly 2,000m of diamond drilling had been completed at the Company's Tembo Project in the Lake Victoria goldfield in Tanzania. The initial drill holes have been focused at previous good intersections at Ngula 1 and Nyakagwe Village. The first batch of samples is currently at the SGS laboratory in the nearby town of Mwanza for analysis and results are expected shortly. Highlights [...]
Tembo Gold Corp. announces that it has completed a first tranche closing of its non-brokered private placement financing announced on April 27, 2022 by issuing 740,000 common shares of the Company, at a price of CDN$0.27 per Share for gross proceeds of $199,800. The proceeds will be used for general working capital and project related costs. All securities issued are subject to a hold period expiring four months plus a [...]
Tembo Gold Corp. is pleased to announce that the first drilling of the 2022 program, at the Tembo project in the Lake Victoria goldfield in Tanzania, has commenced at the Ngula 1 target. Highlights Diamond drilling has commenced at Ngula 1 where 4 drill holes comprising 970 m have been planned in this initial phase. Targeting previous good gold analytical results, the drill holes are aimed to define structural controls to [...]
Tembo Gold Corp. announces that it has retained Adelaide Capital Markets Inc. , an Ontario-based corporation, to provide digital marketing services to the Company for an initial term of six months effective June 1, 2022. The Company has agreed to pay Adelaide a total of $24,000 in six equal instalments of $4,000 commencing on June 1st 2022. The Company has also granted 125,000 stock options to Adelaide, exercisable at a [...]
Tembo Gold Corp. is pleased to announce that the first drilling of the 2022 program, at the Tembo project in the Lake Victoria goldfield in Tanzania, will commence during the first week of May. Highlights Diamond drilling to commence in early May Drill rig has been mobilized and is on site Targeting previous good results, the drill holes are aimed to define structural controls to enable further targeted depth and strike [...]
The wait is over: the deal between Barrick Gold Corp. and Tembo Gold Corp. is now official. For $6 million, Bulyanhulu Gold Mine Limited is acquiring from Tembo six licenses near Barrick's world-renowned Bulyanhulu Mine. Concurrently, Buly is acquiring 5,518,764 common shares of Tembo in a private placement at a price of C$0.27 per common share, resulting in a pro forma interest of 5.5%. In addition, by acquiring the [...]
Tembo Gold Corp. is pleased to announce that it has completed its previously announced sale of certain non-core prospecting licenses in Tanzania with Barrick Gold Corp. and Bulyanhulu Gold Mine Limited , a subsidiary of Barrick , in consideration for: US$6,000,000; contingent payments to be based on the inferred, indicated and measured gold mineral resources identified in the areas of land which are covered by the [...]
Tembo Gold Corp. is pleased to announces that it has retained Global Financial Network Ltd. to provide investor relations and communication services. GFN is led by James West the founder and CEO of Midas Letter Financial Group Ltd., a Canadian investment and media enterprise that uses its financial media platform as a discovery investment tool for its subscribers, viewers, partners and clients. He is a 30-year veteran of [...]
Tembo Gold Corp. is pleased to provide this update to its news release dated December 7th, 2021 regarding the sale of non-core licenses to, and an equity placement by, Barrick Gold Corp.'s Tanzanian subsidiary, Bulyanhulu Gold Mine Limited. The Company is in the final process of obtaining the required regulatory approvals in Tanzania as more particularly set out in the asset purchase agreement a copy of which has been [...]
Tembo Gold Corp. is pleased to provide this update to its news release dated December 7th, 2021 regarding the sale of non-core licenses to, and an equity placement by, Barrick Gold Corp.'s Tanzanian subsidiary, Bulyanhulu Gold Mine Limited . The Company is in the process of obtaining the required regulatory approvals in Tanzania as more particularly set out in the asset purchase agreement a copy of which has been filed on [...]
Tembo Gold Corp. is pleased to advise that pending final approval from the Tanzanian Mining Commission a drill contractor has been selected to commence a drill program. Refurbishment work is ongoing at Company's camp facility and will be completed prior to mobilisation in February. Initial drill hole planning is well underway on the priority target Ngula 1, and further holes will be designed on return of results from the [...]
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