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Tanga Resources Ltd.
Summary
| Project: | Joumbira | |
|---|---|---|
| Deposit: | Joumbira | |
| Location: | Namibia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 5/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2018: Tanga Resources Ltd. announces an Exploration/Drilling Update report for its Joumbira deposit at the Joumbira project. Drilling results incl. 23m @ 4.10% Zn, 1.40% Pb, 8.94g/t Ag from 139m. Tanga Resources Ltd (“Tanga” or the “Company”) (ASX: T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Stockley (Internal) | |
| ABSTRACT: | Tanga Resources Ltd (“Tanga” or the “Company”) (ASX: TRL) is pleased to report the assay results received from diamond drilling at the Joumbira Zinc Project (“Joumbira” or “the Project”) in Namibia. The Company is encouraged by these initial results from its first drill program in Namibia, and looks forward to working with the vendor, Advino Resources Pty Ltd, and their joint venture partner Epangelo (an entity owned by the Namibian government) on this highly prospective ground position in the Damaran Metallogenic Belt. The zinc-lead-silver mineralisation at Joumbira is stratabound, comprising high grade zones of sphalerite, galena and silver associated with semi massive sulphide replacement bodies, within a much larger, sub horizontal, lower grade mineralised zone. The results from JBDD005 – JBDD007 are highly encouraging as they confirm Joumbira hosts significant zinc-lead-silver mineralisation with significant resource potential. While the Company’s drilling was unable to validate some of the historically reported results (as part of the due diligence drilling), the results from drill holes JBDD001-4 have confirmed near surface mineralisation, gradually dipping down plunge to the west. Tanga considers these results warrant further follow up based on historically reported assays. More importantly, drill holes JBDD005-7 have confirmed the Company’s technical assessment of the historical geological data of the presence of a very large, flat lying zone of mineralisation of over 40m true width containing moderate to high grade zinc of up to +15% Zn; | |
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