WHY LAKE VICTORIA GOLD
Strategic Location With Highly Prospective Geology and Outstanding Early-Stage + Follow-up Drill Results
The Lake Victoria goldfield has significant infrastructure and mining services with a 25-year history of mine development
Known to host significant gold deposits within the same greenstone fragment and is in proximity to several world class multi-million-ounce deposits
US$28M spent and 50,000m drilled with good success by Tembo – 2011 to 2014
Preliminary drilling returned several exceptional results including: 15.00m at 22.81g/t; 4.00m at 17.23g/t; and 2.45m at 35.14g/t
Extensive Artisanal Mining Activity
Significant historical artisanal mining activity along >13km of linear structures and represent less than 10% of potential structures delineated by airborne magnetic anomalies
100% Interest in Key Licence & Newly Formed Partnership With Barrick Gold Corp.
Tembo holds 100% of its ~32 km2 licence area adjacent to Barrick’s 20Moz Bulyanhulu Mine, and is pursuing the discovery of one or more multi-million-ounce Au deposits
Newly announced transaction with Barrick provides immediate cash to Tembo with leverage to Barrick’s future success in the region