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Tanga Resources Ltd's new drilling follows high-grade gold discovery in Tanzania

Tanga Resources Ltd's new drilling follows high-grade gold discovery in Tanzania

Tanga Resources Ltd (ASX:TRL) has started reverse circulation drilling at the Winston prospect in the Singida project, Tanzania, where the company had previously intersected high grade gold.

Tanga controls more than 400 square kilometres of prospecting licences at Singida.

In January, drill results from the Winston area showed 16 metres at 55.23g/t gold from 116 metres (including 9 metres at 92.78g/t gold from 117 metres) and 4 metres at 10.20g/t gold from 147 metres.

Tanga has made some of the best greenfields gold intersection in Africa during the last 12 months.

The new drilling will target both the down plunge extensions and potential strike extensions of the earlier high grade gold intersections.

Reverse Circulation pre-collars and diamond tails are planned to drill a total of 2000 metres.

Tanga has reinforced its ability to progress the exploration efforts for the Singida project by completing a capital raising of $3.4 million recently.

The share price of Tanga has skyrocketed by about 750% since the beginning of 2016 on the back of exceptional gold results at Singida.

 

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Tanga Resources Ltd Timeline

Newswire
February 27 2017
Newswire
February 04 2016

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