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tango gold mines inc (FG6) Snapshot

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07/17/13 - €0.09
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tango gold mines inc (FG6) Details

Tango Gold Mines Incorporated engages in the acquisition, exploration, and development of precious metal properties in the Republic of Nicaragua, Central America. Its principal property includes the Topacio concession, a gold exploration project that covers an area of approximately 9,300 hectares located in the South Atlantic Autonomous Region of the Republic of Nicaragua. The company was formerly known as F.D.G. Mining Inc. and changed its name to Tango Gold Mines Incorporated in May 2013. Tango Gold Mines Incorporated is based in Toronto, Canada.

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tango gold mines inc (FG6) Key Developments

Tango Gold Mines Incorporated Announces the Discovery of Several High Grade Low-Sulphidation Epithermal Quartz Veins at El Santo Concession, Nicaragua

Tango Gold Mines Incorporated announced the discovery of several high grade low-sulphidation epithermal quartz veins, with gold and silver, from preliminary geological reconnaissance and surface sampling on its 100% owned 2088.8 hectare (ha) El Santo concession, Nicaragua. Low-sulphidation epithermal quartz adularia veins, with gold and silver, have been mapped on the El Santo concession with a structural orientation NE-SW and are associated with high temperature alteration minerals. Seven veins were mapped and have six have been named El Pulpito, El Zanjon, La Mexicana, La Mexicana II, Belgica 1 and 2. Of the 46 chip samples analysed 34 had over 1 gram per tonne (g/t) gold, 19 had over 4 g/t gold, 7 were over 10 g/t gold and the high grade sample was a 3 meter (m) chip sample that returned 748.4 g/t gold and 409 g/t silver from La Mexicana II vein. The El Santo Concession is located within the Libertad Mining District approximately 110 kilometers (km) due east of Managua. The Libertad Mining District covers an area of approximately 150 square km and lies within a broad belt of Tertiary volcanic rocks. The El Santo vein system discovered is quite similar geologically to those that occur in the mining districts of Santo Domingo and La Libertad respectively.

Tango Gold Mines Incorporated Announces Executive Changes

Tango Gold Mines Incorporated announced the appointment of Ms. Jennifer Boyle, B.A., LL.B., as Chief Financial Officer of the company, effective immediately. Ms. Boyle is a former securities lawyer based in Toronto, Ontario, where she operates a private corporate finance advisory company that works with early-stage junior resource companies to develop various growth strategies, including financings, and the structuring and identifying mineral property joint ventures. Ms. Boyle is also the Chief Executive Officer, Director, and co-founder Satori Resources Inc., and is a member of the board of directors of Carlisle Goldfields Inc., and of Nevada Exploration Inc. Due to the restructuring of Tango, the Chief Financial Officer, Philipp D. Hoch, has decided to pursue his focus on other projects in Europe, and accordingly, has submitted his resignation as Chief Financial Officer.

Andrew Neale to Join Tango Gold Mines Incorporated as Chief Executive Officer

Tango Gold Mines Incorporated announced that Andrew Neale will join the company as Chief Executive Officer, effective August 7, 2013. For the past three years Andrew has been engaged by a private management group to modernize and expand the HEMCO gold mining operation in Bonanza, Nicaragua.


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