Tanga Resources Limited (ASX: TRL) – $0.050
16 Dec 2016
Tanga Resources Limited (ASX: TRL) has intersected gold at the Winston prospect within the Singida Project located in Tanzania (Figure 1).
Figure 1. Location of the Singida Project in Tanzania
Highlights from drilling include:
- 4.0 metres at 36.49g/t gold from surface including 1.0 metre at 103.75g/t gold
- 6.0 metres at 17.99g/t gold from 104.0 metres
- 5.0 metres at 7.06g/t gold from 130.0 metres
Work carried out over the past year at Winston has indicated that the high grade gold mineralisation is associated with structurally complex folded and faulted banded iron formation host rocks that are subvertical in orientation and are shoot or pipe like in shape with variable plunging directions.
The company will continue to compile and interpret data from the area including preliminary gold characterisation and first pass metallurgical test work.
For further information, visit tangaresources.com.au
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