Tango Mining recovers 42.25 carat diamond from Oena

Vancouver-based Tango Mining (TSXV: TGV) has recovered a 42.25 carat diamond from run of mine gravel at the Oena diamond mine in westernmost South Africa. Tango plans to sell the diamond at the Kimberley Diamond Exchange beginning Aug. 20, 2018.

Oena is a past producing alluvial diamond property located in a well-established alluvial diamond mining area in the Northern Cape Province. The property is 88 sq. km in size and covers a 4.8 km-wide strip along a 15 km length of the Orange River.

The mining rights are held by African Star Minerals, Tango’s 51%-owned subsidiary. Contracting issues limited production at the site last year. Oena’s new contractor, Bluedust 7 Pty., began production last November.

Bluedust, which is entitled to 75% of net diamond sales from run of mine gravel and 60% of net diamond sales from tailings during its 60 month contract, recently completed a due diligence program of Oena. Satisfied with the results of that program, Bluedust plans to increase the mining and processing capabilities at the mine to increase production. That includes the recent installation of two 16 foot pans with a combined capacity of 120 tonnes per hour to process tailings left on the site from previous operations.

Current inferred resources at Oena are 1.075 million cubic metres at a grade of 0.295 carats per cubic metre. Tango also holds three thermal coal, metallurgical and processing plant and engineering contracts in South Africa.


Be the first to comment on "Tango Mining recovers 42.25 carat diamond from Oena"

Leave a comment

Your email address will not be published.


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.