Mar 5 2015
Tango Mining Limited ("Tango" or the "Company") is pleased to announce that the bulk sampling program at its Oena Project ("Oena"), Northern Cape Province, South Africa commenced in February 2015 on schedule.
Highlights
- Successful mobilization of mining contractor earthmoving equipment to support a total of 1.5 million tonnes per annum (tpa) throughput capacity.
- The first 24,421 tonnes has been excavated, of which 3,390 run of mine tonnes have been processed through the commissioned rotary plant and recovery system.
- The newly acquired high volume Bourevestnik (SA) (BVX) X-ray recovery equipment, to be commissioned in March 2015, will allow for increased recovery efficiencies and product insurance and protection.
- First full month production results and subsequent diamond sales expected in Q3 2015 (March to May 2015).
Mr. Marco Möller, Chief Executive Officer and Director, commented, "We are pleased to announce that production has commenced at Oena with the necessary earth moving equipment and plant processing facility commissioned on the 22nd of February 2015 to allow the processing of 1.5 million tonnes of alluvial material per annum. The historical performance of the asset, supported by our existing operation and technical ability to optimize similar size projects support our confidence in Oena to deliver economic value to our shareholders. This is further complemented by the potential increase in diamond recovery efficiency and diamond protection as a result of the introduction of new generation concentrate handling and secured BVX X-ray recovery equipment technology."
The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.
Source: http://www.tangomining.com/