Tango adds kimberlite

Tango Mining has added an additional Prospecting License (PL58) to the Middle pits Project which hosts a kimberlite, called Kolonkwaneng. The Kolonkwaneng kimberlite, was identified by De Beers in 1977 and more recent airborne geophysics suggests it is elliptical in shape and is 127 metres (m) by 226 m in diameter. Bulk sampling work by De Beers recovered micro diamonds and heavy minerals that indicate the kimberlite is diamondiferous.

 

Both PL101 and PL58 (now collectively the Property) are located 470 kms south west of Gaborone and 90 km south west of Tshabong in the Kgalagadi District, Botswana. PL58 has been added as per the same terms and conditions as previously announced.

 

Metswedi Mining has advised Tango that is in the process of renewal of PL101 and it will cover approximately 429 kms. PL58 covers a total area of 2.3 kms and is located immediately south east and adjacent to PL101. Closing of the transaction is subject to the renewal of the Property.

 

The three projects are located within the Ogies and Highveld coalfields, Mpumalanga Province and Kliprivier coalfield, KwaZulu-Natal Province, South Africa. The Company also holds an interest in the Oena Diamond Mine, a producing alluvial diamond property located in the Northern Cape Province, South Africa and recently signed an agreement on an alluvial diamond project in Botswana called the Middlepits Project.

 

Key: diamond mining, rough diamond, new project

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