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Tango Mining Adds Kimberlite Prospecting License to Middlepits Project, Botswana
VANCOUVER, British Columbia, March 07, 2018 (GLOBE NEWSWIRE) -- Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce it has added a
About this update from Southstone Minerals Limited
[{"type":"text","content":" VANCOUVER, British Columbia, March 07, 2018 (GLOBE NEWSWIRE) -- Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to announce it has added an additional Prospecting License (“PL58”) to the Middlepits 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 kilometers (km) 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 on December 21, 2018. Metswedi Mining (Pty) Limited has advised Tango that is in the process of renewal of PL101 and it will cover approximately 429 km2. PL58 covers a total area of 2.3 km2 and is located immediately south east and adjacent to PL101. Closing of the transaction is subject to the renewal of the Property. About Tango Mining LimitedTango, via its South African subsidiaries, holds three thermal coal, metallurgical, processing plant and engineering contracts that process 6.5 Mt of coal per annum, with client Exxaro. 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. On behalf of the Board of Directors of Tango Mining Limited Mr. Samer KhalafChief Executive [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statement Certain information set forth in this news release contains “forward-looking statements” and “forward-looking information” under appl...