Tembo Commences Drilling on Nyakagwe East Target at Tembo Project; Shares 6% Higher But Near Year Lows

By Midnight Trader,  April 18, 2012, 01:52:11 PM EDT

Tembo Gold Corp. (TEM.V) announced that 2 diamond drills and a reverse circulation drill have recently commenced drilling at Nyakagwe East, one of the company's priority Phase 1 drill targets at the Tembo project, Tanzania.

David Scott, CEO, said: "With significant historical drill results and extensive artisanal mining over a number of parallel zones, this drill target constitutes one of the largest single artisanal workings and high priority drill targets on the Tembo property."

TEM went up by as much as 6% to $1.06, which is just 6 cents above year lows. Earlier, it has hit $1.03. Shares traded is over 35,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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