- Tanga Resources (TRL) completes regional exploration programs over the Mankono Ouest permit in Côte d’Ivoire, West Africa
- These regional exploration programs consisted of termite mound sampling and regolith and geological mapping
- From these programs, Tanga identified two extensive gold anomalies a series of smaller gold anomalies
- Follow-up exploration programs are currently underway on both extensive anomalies
- Tanga ends the day 2.38 per cent in the red with shares trading at 4.1 cents in a $15.54 million market cap
Tanga Resources (TRL) has completed regional exploration programs over the Mankono Ouest permit in Côte d’Ivoire, West Africa.
The Mankono Ouest permit is part of the Mankono Project which is made up of three exploration licences and covers an area of over 1170 square kilometres.
These regional exploration programs consisted of termite mound sampling and regolith and geological mapping.
A total of 2595 regional termite mound samples were collected and were analysed via fire assay with atomic absorption finish.
From these exploration programs, Tanga has identified two extensive gold anomalies measuring more than nine kilometres in length and between four to five kilometres in width.
These anomalies also host favourable host rocks that accommodate significant gold mineralisation.
Follow-up exploration programs are currently underway on both anomalies.
Tanga also identified a series of smaller gold anomalies which measure between one to two kilometres in length.
Follow-up infill termite mound sampling will be undertaken over the southern gold anomaly and later over the smaller ones.
Auger drilling has also been planned to test the main structures after the infill mound sampling is completed.
Chairman Andrew Pardey commented on the exploration programs.
“The systematic approach we have adopted with our exploration programs is to ensure the geology and geochemistry on the permits are well defined to clearly identify the real potential for gold mineralisation on the project areas,” Mr Pardey said.
“These results, together with previously reported results, support the approach being taken by Tanga.”
Tanga ended the day 2.38 per cent in the red with shares trading at 4.1 cents in a $15.54 million market cap.