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Tanga Resources Ltd.

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Summary

Project:

Singida

Deposit:Winston
Location:Tanzania
Commodities:Gold
Date:6/27/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-6-2016: Tanga Resources Ltd. announces an Exploration/Drilling Update report for its Winston deposit at the Singida project. Drilling results incl. 5m @ 49.43g/t Au from 123m. Reverse Circulation (RC) and Diamond drilling (HQ triple tube) commenced at
Resources:x
CP/QP:[Overall Report]: John Stockley (Internal)
ABSTRACT:Reverse Circulation (RC) and Diamond drilling (HQ triple tube) commenced at Winston at the end of the Tanzanian wet season on 18 April. A tracked multi-purpose drill rig has so far completed 11 drill holes for a total meterage of 2,082.15m. This meterage is made up of 1,216.40m of RC drilling, and 865.75m of HQ3 diamond drilling. Average hole depth is 189m. Drilling has been targeted at the high grade gold zone discovered in late 2015 (see ASX announcement 19 January 2016) mainly on section 724276E, with recent drilling targeting potential strike extensions of the Banded Iron Formation (BIF)-hosted gold mineralisation. Results of the drilling are shown below, several recent holes (WDH 012 & WDH 014) have intersected high grade gold mineralisation (as abundant visible gold hosted by sulphideamphibole-chlorite-silica-garnet altered BIF) and final assay results were received on Friday 24 June from ALS in Johannesburg. There have been considerable delays, of up to four weeks, with assay result turn around and this has affected drill hole planning at Winston. Part of the reason for the delay in assay turn around has been the presence of coarse gold in the drill core samples and ALS have stated: “a number of samples have exhibited an erratic gold nature on repeated analyses by Au-AA24 (50gm fire assay) and Au-GRA22 (gravimetric assay)”.

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