Tempo Project Confirms At Least Five Gold Bearing Structures

VANCOUVER - Tembo Gold Corp. reported on the recent diamond drilling campaign on the Company's Tembo Project in Tanzania. The drilling at Nyakagwe Village (NyaV) has confirmed a 200m wide south dipping zone containing at least five to seven gold bearing structures and extended the strike of this zone by 300m to the southeast. The drill results have provided confidence in the structural attitude of the mineralized zones that will assist the design of a resource drilling program that is planned.

Six diamond drillholes totaling 1,341m were completed at Nyakagwe Village during this phase, bringing the total meters drilled at this target to 30 drillholes totaling 4,898m (reverse circulation holes included). The two drillholes completed in 2023 after the drillers break returned best intersections of: 4.59g/t Au over 2.96m from 148.68m, including 7.19g/t Au over 1.68m; 4.79g/t Au over 0.99m from 181.31m.

The mineralization intersected in TDD0178 and TDD0177 extended the strike of the mineralized structures an additional from 300m to 600m. A quartz porphyry is associated with the mineralization, and this will assist in further delineation of targets for future exploration in this area using our existing geophysical data.

Nyakagwe Village is a 600m long 200m wide zone hosting multiple southeast trending gold hosting structures, open both to the northwest and southeast. The gold is hosted in sheared basalt rocks with quartz carbonate veins and sulphides such as pyrrhotite and pyrite with minor chalcopyrite. There seems to be a strong association of a quartz porphyry intrusion and mineralization. Northeast trending structures are important secondary controls on mineralization, enhancing both grade and width and associated with very wide intersections and in places high grades. The current drill program has confirmed and extended the known structures, providing confidence that further drilling to the southeast is warranted.

Exploration Manager, Hendrik Meiring, said, "The robustness of the mineralized structures at Nyakagwe Village and the association with quartz porphyry intrusions will assist in identifying future drilling targets. The possible extension to the south-east is also supported in the geophysical magnetic survey data."

Tembo President & CEO, David Scott, stated, "These results from Nyakagwe Village, together with the results achieved at our other primary target, Ngula 1, provide us with confidence that a significant resource will be delineated on the Tembo Project. Our team has gained further understanding of the mineralization controls and has commenced planning of a resource drillout program at Nyakagwe Village."