An additional area of prospective geology with gold mineralization
LOCATION:
Tanzania, East Africa
RESOURCES:
GOLD
OWNERSHIP:
TEMBO GOLD CORP. (100%)
LOCATION
The Imwelo Gold Project is located in the Lake Victoria Goldfields within the Geita Greenstone belt (one of the largest and longest operating gold deposits in East Africa). Just 15km east is Anglogold Ashanti’s +9M oz Au Geita Gold Mine. The gold occurs as typical quartz vein shear hosted gold deposits suitable for open pit mining.
TRANSITION TO PRODUCTION
Processing Plant
Processing plant detailed design and costing is complete
Mine Layout
Open cut mine layout for first 10 years is complete
Licenced and Permitted
Mining Licence granted & the project is fully permitted and ready for construction
PROJECT RESOURCE
The Project resource comprises seven mineralized locations that have been drilled and includes:
| Classification | Cutoff Grade Au g/t |
Tonnes | Gold Grade g/t |
Ounces Gold |
| Measured | 0.50g/t | 414,000 | 3.15 | 42,000 |
| Indicated | 0.50g/t | 1,530,300 | 1.95 | 95,700 |
| Inferred | 0.50g/t | 2,781,500 | 1.56 | 153,900 |
| 291,600 |
The Historical Resource Estimate displayed here, is derived from a report entitled “Geology and Resource Estimate Report – Imwelo Project, Tanzania, Lake Victoria Gold Limited” dated May 31, 2017 (the “Report“) prepared by Measured Group Pty Ltd., and was carried out in accordance with the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (2012 Edition) prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia.
MINERALIZED LOCATIONS
TECHNICAL INFORMATION
HISTORIC INFORMATION
- Total of 28,000m drilled to date
- LVG has spent AUD12M since 2012
- Geological mapping, pitting and data validation
- Geophysical Surveys – magnetic and IP
- Three Metallurgical tests completed – 90% recovery
- Two previous sets of JORC (2012) resource estimates and prefeasibility studies 2015 and 2017, updated 2021
- Environmental studies and certification completed, and ML granted
- Completed Land compensation for initial Mining area
- Detailed design and costs of tailings dam, process plant, infrastructure and access updated mid-2022
DRILLHOLE HIGHLIGHTS
IMWDD-003 14.7g/t over 5m from 49m down hole
IMWRC-009 6.8 g/t over 4m from 62m down hole
IMWRC-018 3.5 g/t over 5m from 37m down hole
IMWRC-037 14.2g/t over 7m from 33m down hole
IMWRC-038 4.2 g/t over 4m from 20m down hole
IMWRC-041 6.0 g/t over 3m from 15m down hole
IMWRC-047 5.2 g/t over 3m from 43m down hole
IMWRC-067 3.6 g/t over 6m from 21m down hole
IMRAB296 20.8g/t over 3m from 11m down hole
2BH-004 5.9 g/t over 5m from 40m down hole
7BH-002 13.0g/t over 3m from 22m down hole