Post by
Pacmann on Sep 27, 2019 1:31pm
New. Operational update
Tango Q4 Operational Update GlobeNewswireSeptember 27, 2019, 10:18 a.m. PDT VANCOUVER, British Columbia, Sept. 27, 2019 (GLOBE NEWSWIRE) -- Tango Mining Limited (Tango or the Company) is pleased to provide a production and operational update for the period of 1 June 2019 to 31 August 2019 (4th Quarter) on its project portfolio located in South Africa and Liberia. Tango continues to focus and prioritize its efforts on improving and increasing production at the Oena Diamond Mine. There are currently two mining contractors on site using eight (8) pan plants to process both run of mine (ROM) and pan tailings and bantam material (Tailings) and one Bourevestnik (BVX) unit used for diamond recovery. DIAMOND PRODUCTION Oena Diamond Mine, Republic of South Africa SCROLL TO CONTINUE WITH CONTENTAd Straighten Your Smile from Home for Just $80/mo. During the production period, 9 May to 7 August 2019, a total of 322,890 tonnes of both ROM and Tailings were processed by both contractors. A total of 762.4 carats (339 diamonds) were produced, placed on tender and sold with an average price of US1,346 per carat (please note that the New Release dated 22 June 2019 had previously reported production from 9 May to 7 July 2019). Tango is pleased with the performance of the mining contractors on site who have continually increased and improved diamond production at Oena. Mining and Processing Contractor Bluedust 7 Proprietary Limited (Bluedust) Bluedust continues mining in the Blokwerf and Sandberg Blocks, with an increase 78,310 tons mined above the previous quarter, with five (5) pan plants currently in operation. A total of 288 stones totalling 553.35 carats were placed on tender at Kimberley or sold to the state trader with an average price was US$1,176 per carat. Blue Dust 7 Tonnes Carats Produced Number of Stones Grade carats / 100 tonne ROM 173,370 553.35 288 0.32 This includes the following six special stones: Story continues Start the conversation Sign in to post a message. What to Read Next Growing cannabis supply glut means investors should be bracing for impact Yahoo Finance Canada Empower Yourself to Bare it All With Confidence HuffPost Canada Sponsored Liberal government runs $1.6B deficit four months into '19-20 on higher spending The Canadian Press Markets would soar, not crash, if Trump got impeached Yahoo Finance Oil Reverses Loss As U.S. Sends Missile, Troops to Saudi Arabia Bloomberg Watch the highlights before they're highlights DAZN Sponsored $10,000 Invested in Canopy Growth (TSX:WEED) 5 Years Ago Is Worth This Much Today The Motley Fool Senator: 'The NRA lied about the December 2015 Moscow trip' Yahoo Finance Martha Stewart reveals she 'got a little silly' with friends 'eating gummy bears' Yahoo Finance Canada Change a Child's World Today with World Vision World Vision Sponsored U.S. Stocks Extend Decline on Trade Escalation: Markets Wrap Bloomberg Yahoo Finance LIVE - Sep 27 Yahoo Finance Video Walmart Canada betting on pricing for competitive edge in grocery wars Yahoo Finance Canada Straighten your smile 3x faster than braces. SmileDirectClub Sponsored Ongoing repos 'troubling,' but not a sign of a liquidity crisis: analyst Yahoo Finance Banks battle it out in health-care sector as Ontario doctors launch own solution The Canadian Press Canadians are paying the lowest income taxes in years Yahoo Finance Canada How to Maintain Good Eye Health Alcon Sponsored