Last C$0.02 CAD
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Volume 12.1K
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As of 11:28 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

tembo gold corp (TEM) Snapshot

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52 Week High
02/11/14 - C$0.16
52 Week Low
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Market Cap
2.0M
Average Volume 10 Days
9.9K
EPS TTM
C$-0.0050
Shares Outstanding
135.8M
EX-Date
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P/E TM
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tembo gold corp (TEM) Details

Tembo Gold Corp. acquires, explores, and develops mineral properties in Tanzania and the rest of Africa. The company holds a portfolio of prospecting licenses and license applications for gold in the Archean greenstone belts of Tanzania. Its flagship project is the Tembo gold property that comprises 33 prospecting licenses and 5 prospecting license applications covering an area of approximately 101 square kilometers located in the prolific Lake Victoria Greenstone belt in Tanzania. The company was formerly known as Lakota Resources Inc. and changed its name to Tembo Gold Corp. in September 2011. Tembo Gold Corp. was incorporated in 1937 and is based in Toronto, Canada.

Founded in 1937

tembo gold corp (TEM) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Vice President of Business Development, Direc...
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Compensation as of Fiscal Year 2013.

tembo gold corp (TEM) Key Developments

Tembo Gold Corporation Announces Completion of 2014 Drilling Programme on the Tembo Gold Project

Stratex International Plc reported that Tembo Gold Corporation has announced completion of the 2014 drilling programme on the Tembo Gold Project (Tembo or the Project). The 100 sq km Tembo licence area is located in the north-west of the country within the highly prospective Lake Victoria Goldfield, and is adjacent to the Bulyanhulu Mine. Stratex currently holds a 12.89% stake in Tembo Gold Corporation, plus matching warrants, and Dr. Bob Foster is a director. Highlights of the 2014 Drilling Programme: 2014 diamond-drilling programme comprised twenty-seven drill holes totaling 6,843m; Drilling conducted on five targets, Ngula 1, Buly Trend, Ngula 2, Nyakagwe Village and Nyakagwe East; Follow-up deep drilling at Ngula 1 failed to intersect significant mineralization along strike and down dip of drill hole TDD0041; 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; No significant structures or mineralization were encountered in the drill holes to test the IP anomaly along the Buly trend at Ngula 2 target; Notable intersections achieved at Nyakagwe East and Nyakagwe Village where the drilling continued to intersect significant gold grades and extend known mineralized structures; Nyakagwe Village target has returned further narrow high-grade and, importantly, shallow wide low-grade intersections; 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; East-west and northeast structural intersections potentially host shallow wide mineralization; Nyakagwe East returned significant intersections at depth, enhancing its potential; The mineralized structures intersected at both Nyakagwe Village and Nyakagwe East remain open along strike in both directions and at depth; Wide zones of shear deformation with associated abundant veining and minor gold mineralization were intersected along the Buly Trend; Drilling once again returned promising results, further underlining the potential of the Tembo project; the best results included: NYAKAGWE EAST: TDD0056: 4.42 g/t Au over 2.60 m from 130.60 m incl. 10.57 g/t Au over 1.00 m; TDD007: 8.44 g/t Au over 1.30 m from 99.90 m, incl. 25.00 g/t Au over 0.42 m; TDD0074: 6.55 g/t Au over 7.46 m from 370.46 m. NYAKAGWE VILLAGE: TDD0071: 9.64 g/t Au over 3.95 m from 85.25 m, incl. 24.72 g/t Au over 1.45 m; TDD0103: 15.10 g/t Au over 1.00 m from 54.00 m; TDD0112: 3.49 g/t over 4.98 m from 65.12 m; TDD0111: 35.14 g/t Au over 2.45 m incl. 167 g/t Au over 0.50 m from 53.35 m; TDD0115: 2.74 g/t Au over 8.50 m from 53.00 m including 7.73 g/t Au over 1.00 m, 3.43 g/t over 1.40 m and 4.04 g/t over 2.00 m; and 2.04 g/t Au over 9.00 m from 69.00 m including 2.89 m over 4.80 m. The 2014 drilling programme has been suspended pending further data review, structural interpretation and planning, and further financing activities.

Tembo Gold Considers Strategic Review

Tembo Gold Corp (TSXV:TEM) is considering conducting strategic review. Tembo Gold Corp said, "During this drilling hiatus, the corporation is conducting a strategic review to identify the optimum path to follow to ensure the future of the company and to optimize shareholder value under difficult market circumstances. A number of alternatives, including small-to-medium-scale production, further financing for exploration activities, a corporate merger and a project joint venture, will be considered. All possibilities will be carefully considered and evaluated. As a consequence of the poor market conditions, further private placement and public financings result in poor company valuations and excessive shareholder dilution."

Tembo Gold Corp, Annual General Meeting, Dec 12, 2014

Tembo Gold Corp, Annual General Meeting, Dec 12, 2014., at 14:00 US Eastern Standard Time. Location: at the offices of Cassels Brock &Blackwell LLP. Agenda: To approve a proposed consolidation of the company's issued and outstanding common shares on an up to one post-consolidation for every ten pre-consolidation basis.

 

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