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Mining Group discovers second gold bearing structure at Tandawan

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Mining Group (ASX: MNE) has received good gold grade results from a second mineralised structure from the Tandawan prospect at the Comval project including: 4.50 metres at 4.37g/t gold; and 1.50 metres at 6.83g/t gold from trenching.

The latest results confirm the presence of an additional gold bearing structure 80 metres west of the previously discovered mineralisation.

The company's managing director, Zeff Reeves said: "Tandawan has the potential to become a significant gold target with a second gold trend identified from recent trenching work.

“We are excited by the potential of this target as the mineralisation is looking continuous along strike on both structures. Previous adit sampling has proven that the grade continues into fresh rock, and with 200 metres of strike mapped Tandawan is emerging as an exciting gold target."

The main mineralised zone has a trench width (not true width) of 16.50 metres at 1.37g/t gold that contains a high grade zone of 4.50 metres at 4.37g/t gold and 1.50 metres at 6.83g/t gold.

Reeves added, “We intend on carrying out further work at Tandawan in the coming months to extend the mineralised zone along strike. We will also look to determine if additional gold bearing structures exist across strike, and get an idea where the better parts of this system are located."

The mineralisation occurs within a strongly sheared and brecciated andesitic volcanic unit that is visually distinct from the surrounding wallrocks.

Two additional trenches are being excavated to the south to confirm mineralisation continuity.

Two parallel gold bearing structures have been now discovered at Tandawan mapped over 200 metres along strike with best results to date up to 7 metres at 19.18g/t gold from adit sampling.

Tandawan is located south west of the Tagpura North discovery.

With ongoing positive results, the Comval Project is delivering results to achieve the resource targets needed to deliver a robust, low cost copper and gold resource.

With key prospects Bayag Bayag, Tagpura North and Kapangawan all delivering ore grade results, Mining Group is a strong position to define each of these targets and begin converting them into resources.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China

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