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     734  0 Kommentare Tembo Resumes Drilling On the Tembo Gold Project

    TORONTO, ONTARIO--(Marketwired - Dec. 19, 2013) - Tembo Gold Corp. (TSX VENTURE:TEM)(FRANKFURT:T23) ("Tembo" or the "Company") is pleased to report that, following the successful first closing in the amount of $5.95M of the recent Private Placement, the Company has recommenced drilling on the Tembo Property in the Lake Victoria goldfield of Tanzania. With one diamond drill currently operating, drilling will initially be focused on the Ngula 1 target to follow-up on the high grade intersections obtained during the earlier 2012 diamond drilling campaign, specifically the deepest intersection obtained to date (TDD0041). It is anticipated that an additional diamond drill rig will be mobilized during early Q1 2014.

    Highlights of the intersections obtained to date at Ngula 1 (previously reported) include:

    • TDD0004: 3.13 g/t Au over 25.89m including 8.87 g/t Au over 3.89m;
    • TDD0005: 10.76 g/t Au over 4.00m, including 93.3 g/t Au over 0.38m;
    • TDD0041: 22.81g/t Au over 15.00m from 299.00m including 34.78g/t Au over 9.70m from 302.30m, including 205 g/t gold over 1 meter
    • TDD0054: 8.17g/t over 11.05m from 116.95m.
    • TDD0146: 10.70g/t Au over 1.00m from 308m
    • TRC0001: 38.20g/t Au over 1.00m from 85m
    • TRC0003: 25.57g/t Au over 3.00m from 54m, and 5.28g/t Au over 4.00m from 72m
    • TRC0008: 3.75g/t Au over 6.00m from 35m
    • TRC0013: 17.23g/t Au over 4.00m from 19.00m, including 48.8g/t Au over 1.00m, and 13.00g/t Au over 1.00m from 104m;
    • TRC0014: 19.80g/t Au over 1.00m from 114.00m and 10.00g/t over 1.00m from 122.00m

    David Scott President & CEO stated, "It is gratifying that both the existing and new shareholders (primarily the Investor Group) of the Company have recognized the potential of the Tembo project which led to the recent Private Placement. I am currently on site and very pleased to report that drilling commenced on Monday this week on the extension of TDD0041. The drill hole deepening is targeting the potential depth extensions to north dipping shear structures that hosted the mineralization in TDD0004. Follow-up drilling at the Ngula 1 target has been recognized as our first priority target of the initial seven targets identified within the Tembo property and the results from TDD0041 (22.81g/t Au over 15.00m from 299.00m including 34.78g/t Au over 9.70m from 302.30m (as previously reported), support this. The TDD0041 intersection is the deepest obtained to date (approximately 250m below surface) which gives confidence that the mineralizing system continues (and may well improve) at depth. Thus this initial drilling program will focus on further testing of the Ngula 1 target at depth and thereby improve our understanding of the structural controls on the mineralization. It is anticipated that exploration activities will be ramped-up in 2014 to allow for closer spaced drilling at Ngula 1 (depending on results) and to further explore the other six priority targets on the Tembo property."

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    Tembo Resumes Drilling On the Tembo Gold Project TORONTO, ONTARIO--(Marketwired - Dec. 19, 2013) - Tembo Gold Corp. (TSX VENTURE:TEM)(FRANKFURT:T23) ("Tembo" or the "Company") is pleased to report that, following the successful first closing in the amount of $5.95M of the recent Private Placement, …