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Tanga Resources Ltd.

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Summary

Project:

Singida

Deposit:Winston
Location:Tanzania
Commodities:Gold
Date:5/25/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:25-5-2017: Tanga Resources Ltd. announces a Resource Estimation report for its Winston deposit at the Singida project. Initial mineral Resource Estimate for Winston and exploration targets defined. Tanga Resources Limited (ASX : TRL) is pleased to advise
Resources:(Resource, Inf.): 120kt @ 4.5g/t Au for 17600oz Au contained at Winston
CP/QP:[Resources]: David Reid (Ravensgate Mining Industry Consultants)
ABSTRACT:Tanga Resources Limited (ASX : TRL) is pleased to advise that a report prepared by Perth based resource consultants, Ravensgate Mining Industry Consultants (Ravensgate), has identified an initial Inferred Mineral Resource Estimate. The Inferred Mineral Resource Estimate at Winston is constrained within a 40m by 40m wide block over a vertical distance of 150m (refer Figure 2). The Inferred Mineral Resource Estimate is based on drilling of approximately one third of the Winston property with further drilling planned on the western and southern areas of the property. Ravensgate state that at Winston, “gold distribution is highly variable with localised very high grades and visible gold---duplicate samples often have a spread of values, and short ranges in the variogram modelling highlight the highly variable nature of the mineralisation. The geological model was used to constrain an Ordinary Kriging gold grade estimate. A top cut of 90g/t Au was used to limit the impact of the small number of very high grade assays in the estimate”. Ravensgate has recommended that further drilling (infill & extensional) needs to be carried out. The combined drill program of ~3,200m is planned to commence later in the year.

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