VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 14, 2015) – Tango Mining Limited (“Tango” or the “Company”) (TSX VENTURE:TGV) is pleased to announce the Oena Project (“Oena”) bulk-sampling program has recommenced. The Company’s Kwena Group operational team, and in particular Mr. Theodore Boshoff, will manage and oversee the bulk-sampling program. Tango`s first diamond tender sale results from Oena sold diamonds at an average of US$2,480/carat (ct), the highest price received was US$6,016/ct and the average stone size was 3.28 ct.
Theodore Boshoff – General Manager
Mr. Boshoff has over 11 years diamond mining and processing experience of which 5 years were with De Beers Consolidated Mines at Cullinan, Koffie Fontein, Venetia Mines; AK6 Mothae or Boteti Mine for Lucara Diamonds; Metallurgical Project Manager on the Projectio Alto Cuilo for Petra Diamonds and Saurimo Projects and Itengo alluvial projects in Angola. Mr. Boshoff is a fellow with the South African Institute for Mining and Metallurgy and the Coal Processing Society of South Africa, is registered with the Engineering Council of South Africa and holds an Honors and M.Eng. Metallurgical Engineering (2014), University of Pretoria.
About Tango Mining Limited
Tango Mining Limited is a Canadian company that primarily operates in southern Africa. Tango has recently completed a positive preliminary economic assessment for the past producing BK11 Kimberlite Diamond Mine, Botswana that will produce in excess of 500K carats and has a short timeline to re start of production. Tangos Kwena Group have four thermal coal, metallurgical and processing plant and engineering contracts that process 6.5 Mt per annum, with clientele that include Total (SA) and Glencore plc. The four 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 African Star that owns the Oena Project, a producing alluvial diamond property, Northern Cape Province, South Africa. The Company’s vision is to become a junior mining company with a focus on diamond mining and development projects.
The technical disclosure in this news release has 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.
The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has neither approved nor disapproved the contents of this press release.
Executive Chairman and Interim CEO
Tango Mining Limited