Resource World Magazine

100th ISSUE! V10-11 November 2012

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grams gold/tonne, including 1 metre of 4.16 g/t and a second zone of 4 metres of 4.39 g/t, including 1 metre of 12.6 g/t. Tembo Gold Corp. [TEM-TSXV; TBGPFOTCQX; T23-Frankfurt] has a 100% interest in the Tembo gold project located adjacent to African Barrick's Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. Tembec reported additional results from its 2012 preliminary drill program at the Ngula 1 target on the Tembo Project in the Lake Victoria goldfield of Tanzania. Drilling to date at the Ngula 1 target has encountered multiple zones of gold mineralization across a 600-metre strike length within a 200-metre wide structural package and these new drill results further validate the presence of robust gold mineralization at the Ngula 1 target. All diamond drill results have encountered significant gold mineralization. Highlights of the latest drill results include: hole TDD0106 returned 5.09 grams gold/tonne over 2.77 metres from 285.42 metres, including 11.70 g/t over 0.98 metres; hole TRC00110 returned 4.22 g/t over 5.00 metres from 195.00 metres, including 8.38 g/t over 2.00 metres; and hole TRC0125 returned 19.03 g/t over 0.94 metres from 35.16 metres and 5.90 g/t over 1.14 metres from 208.00 metres. The recent drill program intersected new gold-bearing structures. Further investigation of these new structures is currently underway. A further five in-fill holes are planned to increase the density of drilling in the main mineralized zone. In total, Tembo Gold has plans to drill 90,000 metres. Uranex Ltd. [UNX-ASX] completed drilling activities at the Mkuju uranium project in August 2012 and, since that time the Uranex geology team has been conducting ground-based mapping and radiometric surveys of various tenements. The company is evaluating the tenement portfolio to rank prospective areas for further exploration. These include tenements in southwest Tanzania, near the Songea coal tenements, which are showing interesting prospectivity for uranium and coal. One tenement is prospective for platinum group metals. Tenements in central Tanzania are prospective for gold. n NOVEMBER 2012 www.resourceworld.com 47

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