Tembo Gold Hires Exploration Manager for Tembo Gold Project
TORONTO, ONTARIO, Apr 10, 2012 (Menafn - MARKETWIRE via COMTEX) --Tembo Gold Corp. (frankfurt:T23) ("Tembo" or the"Company") is pleased to announce that Peter Haworth, a highlyexperienced exploration and mining geologist with considerableAfrican exploration and project management experience, has beenappointed as Exploration Manager. Peter will be based in Tanzaniawhere Tembo is undertaking an extensive Phase 1, 90,000 meterdrilling program on the Tembo Gold Project. Peter has a BSc(Engineering) (Mining Geology) from University of the Witwatersrandand a Master of Business Leadership from the University of SouthAfrica, and boasts a Mine Managers Certificate of Competency in SouthAfrica. In addition to broad geological experience in a number ofcommodities, Peter, most importantly, spent nine years in theBarberton Mountain Land of South Africa, host to greenstone goldmineralization and with a long history of operating mines. Followingthat, for two years Peter was exploration manager West Africa forAvgold Limited, managing gold exploration programs in Burkina Faso,Ghana and Senegal. Most recently Peter was with Metorex Ltd andmanaged large exploration drilling programs in the DemocraticRepublic of the Congo and has gained extensive experience in both RCand diamond drilling.
David Scott, President & CEO stated "We are extremely pleased thatPeter has accepted our offer to lead our exploration efforts inTanzania and know that he will form an invaluable member of ourexploration team. With five drill rigs currently turning and threemore scheduled to be mobilized in the next couple of weeks, hisexperience and leadership will be important in our maintaining focusand ensuring consistent standards of geological inputs andunderstanding."
About Tembo Gold Corp.
Tembo Gold is a Canadian public company listed on the TSX VentureExchange ("TSX-V") under the symbol TEM. The Company currently has100% interest in the Tembo Gold Project which is located adjacent toAfrican Barrick's 20Moz Bulyanhulu Mine in the prolific Lake VictoriaGreenstone belt in Tanzania. Our focus is the discovery anddevelopment of world-class gold projects in Africa. The company hasassembled a highly experienced team with a proven history ofdeveloping, financing, and operating mining projects in Africa. Withapproximately 13 million in the Treasury, the Company's explorationstrategy is to discover mineral resources as well as continue to lookfor additional opportunities that can bring value to the Company andshareholders.
On Behalf of the Board of Directors of Tembo, David Scott, President& CEO
Certain information set out in this news release constitutesforward-looking information. Forward looking statements are often,but not always, identified by the use of words such as "seek","anticipate", "plan", "continue", "estimate", "expect", "may","will", "intend", "could", "might", "should", "believe" and similarexpressions. Forward-looking statements are based upon the opinionsand expectations of management of the Company as at the effectivedate of such statements and, in certain cases, information providedor disseminated by third parties. Although the Company believes thatthe expectations reflected in such forward-looking statements arebased upon reasonable assumptions, and that information obtained fromthird party sources is reliable, they can give no assurance thatthose expectations will prove to have been correct. With respect toforward-looking statements contained in this news release, theCompany has made assumptions regarding, among other things, theability to develop the Company's properties, the economic climate inthe jurisdictions where the Company carries on operations andcommodity prices. Although the Company believes that the expectationsreflected in the forward-looking statements contained in thisdocument, and the assumptions on which such forward-lookingstatements are made, are reasonable, there can be no assurance thatsuch expectations will prove to be correct. Readers are cautioned notto place undue reliance on forward-looking statements included inthis document, as there can be no assurance that the plans,intentions or expectations upon which the forward-looking statementsare based will occur. By their nature, forward-looking statementsinvolve numerous assumptions, known and unknown risks anduncertainties that contribute to the possibility that thepredictions, forecasts, projections and other forward-lookingstatements will not occur, which may cause actual results in futureperiods to differ materially from any estimates or projections offuture performance or results expressed or implied by suchforward-looking statements. These risks and uncertainties include,among other things, a significant drop in the price of gold,political turmoil in Tanzania and other risk factors set forth in theCompany's continuous disclosure. Readers are cautioned that this listof risk factors should not be construed as exhaustive. Thesestatements are made as at the date hereof and unless otherwiserequired by law, the Company does not intend, or assume anyobligation, to update these forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWSRELEASE.
Tembo Gold Corp.
Director & VP Business Development
SOURCE: Tembo Gold Corp.
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