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tango gold mines inc (TGV) Details

Tango Mining Limited explores, acquires, and develops mineral properties in South Africa and Central America. It primarily explores for coal, precious stone, gold, base, and other metal ores. The company holds a 100% interest in the Oena project covering an area of approximately 8,800 hectares in Northern Cape Province, South Africa; and the El Santo concession, which covers an area of 2,088.8 hectares in the Republic of Nicaragua. It also owns four thermal coal, metallurgical, and processing plant and engineering contracts in the Ogies and Highveld coalfields, Mpumalanga Province; and the Kliprivier coalfield, KwaZulu-Natal Province. The company was formerly known as Tango Gold Mines Incorporated and changed its name to Tango Mining Limited in November 2014. Tango Mining Limited is based in Vancouver, Canada.

tango gold mines inc (TGV) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$2.5K
Compensation as of Fiscal Year 2014.

tango gold mines inc (TGV) Key Developments

Tango Mining Limited Announces Bulk Sampling Program at Oena Project, South Africa

Tango Mining Limited announced that a bulksampling program at its Oena Project, a past producing alluvial diamond mine, located in the Northern Cape Province, South Africa will commence in second quarter of 2015 (December 2014 to February 2015). The program will maximize mining throughput and enhance the recovery potential of diamonds with the use of a Bourevestnik Inc. manufactured high volume Xray and recovery equipment that is reported to be very efficient, recovering better than 90% of diamonds. The company has entered into a mining contract to sustain a 1,500,000 tonnes per annum extraction program and has secured BVX equipment that will be mobilized to site in the period noted. The Oena alluvial diamond terraces are palaeoOrange River gravel deposits preserved above the current river level and are classed as MesoOrange terraces because of their age (some 25mybp) and height above the river level (1,012m). Oena is one of several alluvial diamond deposits along the lower Orange River on both the South African and Namibian banks of the river; current operating mines are at Reuning, Baken and Alexander Bay on the South African bank while Namdeb is currently producing from their Namibian alluvial deposits at Daberas and plan to start production at their Sendelingsdrift deposit in the last quarter of 2014.

Tango Gold Mines Incorporated has Changed its Name to Tango Mining Limited

Tango Gold Mines Incorporated changed its name to Tango Mining Limited.

Tango Gold Mines Incorporated Provides Revenue Guidance for the First Quarter and Full Year of Fiscal 2015; Provides Capital Expenditure Guidance for the Six Months Ended February 2015

Tango Gold Mines Incorporated provided revenue guidance for the first quarter and full year of fiscal 2015. Revenue forecast for first quarter of 2015, ending November 2014, of CAD 2,133,000. For the six months ended February 2015, the company expects capital expenditure of CAD 292,000 on plant equipment, operational readiness and infrastructure development costs. Revenue forecast were CAD 11,984,000 for the financial year, ending August 2015.


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