The shares of Tembo Gold Corp (OTCPINK: TBGPF) closed up 14.54 percent on Tuesday at $0.1245 and have traded between $0.1328 and $0.1116 in the session. Tembo stock gained over 10.18% last month, with an average monthly volume exceeding 22.01K shares. Following the announcement of positive preliminary results for a project, the price of TBPSF stock surged.
How did TBGPF’s project do well?
With a 100% stake in the Tembo Gold Project, Tembo is a Canada-based publicly-traded company engaged in mineral exploration and development. TBGPF is a company focused on gold exploration and development in Africa. The TBGPF team consists of highly experienced people with significant experience in developing, financing, and operating mining projects in Africa. TBGPF strives to discover new deposits as well as pursue additional prospects that can augment shareholder value.
As part of its geological evaluation, Tembo this month announced the results of the first tests conducted in conjunction with GoldSpot Discoveries Corp. (“GoldSpot”). August 20th, 2020 marked the announcement of the collaboration agreement between TBGPF and GoldSpot.
Using the technology of artificial intelligence computing and the broad experience and knowledge of their multidisciplinary team of geoscientists and data scientists, GoldSpot is re-interpreting the TBGPF data and providing structural targets for ongoing gold explorations in the Tembo project area.
How is TBGPF progressing?
In preparing a drilling program, Tembo (TBGPF) is focusing on creating detailed structural information regarding newly prioritized zones of mineralization. Based on a review of the lithological, structural, and assay data presented by this initial drill program, the TBGPF has recommended more comprehensive exploration activities, including geochemical and geophysical surveys.