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MEI Online: Commodities: Non-Metallic Ores: Diamond: Latest News: May 18th 2018 |
:: Tango to Acquire Mining and Processing Equipment for Oena Diamond Mine
Tango Mining Limited is pleased to announce that it has taken a decision to purchase an additional 16-foot pan plant and a mobile screening unit to be mobilized to the Oena Diamond Mine to process pan tailings and bantam material left on site from previous mining operations. The total CAPEX for the required equipment is expected to be in the range of $500,000. The Company will rent a 40 tonne excavator, two 2.5 cubic meter loaders and two 30 t dump trucks to support the processing of Tailings. Diamonds recovered from this operation will solely be for the account of the Company. It is anticipated that this equipment will be mobilized to Oena and operational by the end of the second quarter. Bluedust 7 Proprietary Limited continues their systematic and detailed geological work of Oena including the opportunity to assess the National Instrument 43-101 Inferred Resource and several other priority targets. This includes the systematic testing both run of mine (“ROM”) material in several separate areas, as well as Tailings.
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