Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Tango Mining adds further prospecting licence at Middlepits project, Botswana

In December, Tango revealed it was to acquire a 75% interest in the Middlepits alluvial diamond property
The new licence hosts a kimberlite called Kolonkwaneng, which was identified by De Beers in 1977

Tango Mining Ltd (CVE:TGV) has added an additional prospecting licence (PL58) to its Middlepits project in Botswana.

In December last year, Tango revealed it was to acquire a 75% interest in the Middlepits alluvial diamond property, 470 kilometers (km) south west of Gaborone from Metswedi Mining.

READ - Tango Mining set to buy 75% of Botswana diamond project

The new licence hosts a kimberlite called Kolonkwaneng, which was identified by De Beers in 1977, which carried out bulk sampling, which indicated the kimberlite was diamondiferous.

Airborne geophysics has also suggested it is elliptical and is 127 metres by 226 metres in diameter.

Both the PL101 and PL58 licences are located 470 km southwest of Gaborone and 90km southwest of Tshabong in the Kgalagadi district in Botswana.

Metswedi Mining has advised Tango that is in the process of renewing PL101 and it will cover approximately 429 square kilometres (sq km).

PL58 covers a total area of 2.3 sq km and is located immediately southeast and adjacent to PL101. Closing of the transaction is subject to the renewal of the property.

View full TGV profile View Profile

Tango Mining Timeline

Related Articles

man standing in front of piles of bauxite ore
September 05 2018
Metro is targeting around two million tonnes of production this calendar year.
Eritrean flag
September 20 2018
The company has already signed a binding offtake agreement with EuroChem for up to 100% (minimum 87%) of module I sulphate of potash (SOP) production.
maps of Australia with company projects marked
April 17 2018
Samples from the Mt Read Cobalt Project graded up to 7,800 ppm cobalt.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use