AMN - BOTSWANA: Middlepits diamond licences renewed

Tango Mining announces that Metswedi Mining (Pty) Ltd has received the first renewal for both prospecting licences which make up the Middlepits Diamond Project in Botswana. The property is 470km southwest of Gaborone and 90km southwest of Tshabong in the Kgalagadi district.

The renewal is for a period of two years commencing on October 1, 2018, and ending on September 30, 2020.

Tango will acquire a 75% unencumbered interest in the property from Metswedi and is responsible for all further exploration and development expenditures.

The property was explored between 1974 and 1976 by De Beers, between 1978 and 1980 by Falconbridge and between 1993 and 1997 by Southern Africa Minerals Corporation.

This work resulted in the identification of a 100 sqkm area of gravels containing diamonds and heavy mineral concentrations, mainly garnets and ilmenites.

The property also hosts a kimberlite, called Kolonkwaneng. This kimberlite, was identified by De Beers in 1977 and more recent airborne geophysics suggests it is elliptical in shape and is 127 metres by 226 metres in diameter.

Bulk sampling work by De Beers recovered micro diamonds and heavy minerals that indicate the kimberlite is diamondiferous.

Tango holds an interest in the Oena Diamond Mine, a producing alluvial diamond property in the Northern Cape Province of South Africa.

Tango recently added to its diamond portfolio with the addition of the Middlepits project, Mano River project in Republic of Liberia and the Moquita Project in the Republic of Angola.

Via its Republic of South Africa subsidiaries, Tango also holds three thermal coal, metallurgical, processing plant and engineering contracts that process 6.5 million tonnes of coal per annum, with client Exxaro.

The three projects are within the Ogies and Highveld coalfields, Mpumalanga province and Kliprivier coalfield, KwaZulu-Natal province.

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