This artisanal activity is located on the interpreted western extension of the Buly structural zone that hosts numerous mineralized shear structures at
Highlights
An artisanal working has started in a new area of the
Multiple shafts are active down to bedrock.
This is located on the interpreted extension of the Buly Trend from the neighboring
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 Workings
An entirely new artisanal working termed
Two of the GoldSpot study's priority targets are located in proximity to these workings (
The workings are interpreted to be located between two northeast trending structures interpreted as the zone that hosts the orebodies on Barrick's adjacent
The structural interpretation is corroborated by the airborne magnetics confirming this to be the extension of the zone that hosts the recently announced Mwasabuka artisanal working close to the
This
The mineralization is very strong and comprises massive, stringer and disseminated pyrrhotite, with associated pyrite and chalcopyrite in highly sheared and quartz-veined metabasalt. The veining is characteristically white quartz and smokey quartz veins with sulphide primarily in the altered host rock as replacement alteration, but also within veins.
Twelve well mineralized grab samples of artisanal material have returned an average grade of 14.27g/t. Further controlled samples will be taken from working faces to establish the overall grade of the underground exposures.
Future follow-up work on this and similar targets including Mwasabuka will comprise the controlled sampling with mapping of faces and heel-toe reverse-air-blast (RAB) drilling across the structural zones. If justified, this will be followed by RC and diamond drilling to determine gold content and distribution, and attitude of mineralized structures along the strike.
Tembo Exploration Manager,
Tembo President & CEO,
About Tembo
Contact:
Tel: +255 767 366 146
Email: dscott@tembogold.com
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'plan', 'continue', 'estimate', 'expect', 'may', 'will', 'intend', 'could', 'might', 'should', 'believe' and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. With respect to forward-looking statements contained in this news release, the Company has made assumptions regarding, among other things, the ability to develop the Company's properties, the economic climate in the jurisdictions where the Company carries on operations and commodity prices. Although the Company believes that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, a significant drop in the price of gold, political turmoil in
(C) 2023 Electronic News Publishing, source