Tembo Announces Final Closing of Non-Brokered Private Placement, and Commencement of the 2014 Drilling Program - Seite 3

Both drill rigs are currently drilling at Nyakagwe East and, to date, two of the eight planned holes have been completed. Two distinct parallel northwest trending zones of artisanal workings, separated by a dolerite dyke (some 6m thick) characterize the Nyakagwe East target. The strike length of each of the zones exceeds 500m. The mineralization is associated with shearing within mafic to intermediate meta-volcanic host rocks, strong quartz veining and semi-massive, stringers and disseminations of pyrite. Higher grades are distinctly correlated with quartz veining and abundant sulphide. The zones strike northwest and are interpreted to dip at 60° to the southwest.

Initial drilling of this target was conducted in 2008 and followed up in Tembo's 2012 program. The drilling demonstrated that mineralization continued to the northwest beyond the immediate workings and extended the potential strike to nearly 1 km along the northern structure, returning the following highlight results:

2012 Drill Results

• TDD0019: 4.69g/t Au over 1.67m from 67.35m;
• TDD0029: 61.80g/t Au over 0.68m from 277.24;
• TDD0030: 2.62g/t Au over 3.29m from 48.21m;
• TDD0104: 4.72g/t Au over 2.11m from 66.80m;
• TRC0233: 5.66g/t Au over 1.00m from 84.00m;
• TRC0234: 5.46g/t Au over 2.00m from 109.00m; and
• TRC0347: 6.48g/t Au over 2.00m from 8.00m.

Historical 2008 Diamond Drill Results

• DD001: 10.25 g/t Au over 3.50m from 38.50;
• DD004: 2.45g/t Au over 4.72m from 87.03m;
• DD005: 9.73g/t Au over 3.40m from 81.94m;
• DD008: 2.65g/t Au over 3.60m from 84.00m;
• DD009: 2.07g/t Au over 3.26m from 142.19m;
• DD011: 10.4g/t Au over 1.50m from 45.10m and 2.05 g/t Au over 2.50m from 57.95m; and
• RC056: 36.70g/t Au over 1.00m.

A total of approximately 12,000m (1,200m per month) of drilling are planned for the Tembo project in 2014. The main focus of the 2014 programme will be firmly placed on drilling. The ongoing drill programs will constantly be reviewed and revised in the light of the new data in order to establish priorities and optimize the targeting..