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Tanga Resources Ltd.
Summary
| Project: | Geita | |
|---|---|---|
| Deposit: | Mimbili | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 1/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-1-2017: Tanga Resources Ltd. announces an Exploration/Drilling Update report for its Mimbili deposit at the Geita project. Drilling results incl. 15m @ 1.92g/t Au from 32m. Assay results from the last nine holes of the fourteen Reverse Circulation (“RC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Stockley (Internal) | |
| ABSTRACT: | Assay results from the last nine holes of the fourteen Reverse Circulation (“RC”) drill holes completed at Mimbili (drilled in November 2016) indicate high grade gold mineralisation at depths (down hole) of up to 50m within wide zones of oxide hosted low grade gold mineralisation. The assay results (see Table 1) indicate that high grade gold mineralisation occurs at depths around 50m down hole around the central part of the zone between MRC004 (17m @ 2.05g/t Au from 32m to 49m incl. 4m @ 10.35g/t Au: announced to the ASX on 15 November 2016) and MRC008 (23m @ 1.25g/t Au from 18m to 41m incl. 5m @ 3.34g/t Au: also announced on 15 November 2016): see Figure 1 for drill hole locations and Figure 2 long section. MRC016 intersected 4m @ 4.42g/t Au from 47m to 51m (incl. 1m @ 12.85g/t Au in sulphidic Banded Iron Formation (BIF)), and MRC017 intersected 15m @ 1.92g/t Au from 32m to 47m including 1m @ 9.31g/t Au from 39m to 40m in cherty BIF. | |
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