Tanga Resources Limited
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Hanang Gold Project, Tanzania

Highlights 

Regional scale, high grade gold project of +700 km2 of highly prospective ground

-  Over 50 km potential strike along a major mineralised structural corridor

-  Winston - a high grade gold deposit (January 2016)

Multiple mineralised trends and multiple high priority targets

Vast underexplored, limited drilling and along strike from major gold mines and deposits

 

About the Hanang Gold Project

Tanga holds prospecting licences covering in excess of 700km2 in the Hanang region of Tanzania, (Hanang Gold Project).  The Hanang Gold Project is a regional gold project, hosting a major mineralised structural corridor, located on a highly prospective and unexplored Archaean greenstone belt on the eastern margin of the +70 Moz gold endowed Lake Victoria Gold Field, host to world class deposits such as Geita (30 Moz) and Bulyanhulu (10.5 Moz).  Further to the west, on the same structural corridor as the Hanang Gold Project, was Resolute’s Golden Pride Mine which produced over 2.2 Moz of gold.

 

Figure 1:  Hanaga Gold Project Regional

 

Winston Deposit – A High Grade Gold Discovery

Limited drilling with mineralisation remaining open along strike and at depth

The Winston deposit is a very promising discovery with an over 2 km long and 1 km wide IP chargeability anomaly identified. It has significant widths of HIGH GRADE gold mineralisation in black skarn. The mineralisation outcrops are located at surface and remains open at depth and along the strike to the southwest.

An initial Maiden Resource Estimate at Winston (North) of 120,000 t @ 4.5 g/t gold for 17,600oz with excellent Metallurgy +91% gold recoveries, BLEG test work emphasises relatively coarse, free gold and no deleterious elements.

 

Figure 2:  Winston deposit

 

Figure 3:  Winston Diamond Hole 014 – visible gold in pyrrhotite, silica and amphibole “black skarn”


New York target area

The New York target area is located approximately 15km to the west of, and along strike from, the high grade Winston prospect.  New York covers a 16km2 area of Archaean phyllitic sandstone, siltstone and schist with quartz veined and intensely altered Banded Iron Formation (BIF) with visible sulphide development. 

Multiple anomalous gold samples with results up to 284ppb gold in surface rock chip samples coincident with the geochemical sampling has delivered the Kito Moto Ridge Prospect, a large 1,200m long by 600m wide, +100 ppb Au soil anomaly peaking at 246 ppb Au (0.25 g/t gold) in soils

Kiti Moto Ridge displays strong similarities to early exploration results at Winston, where anomalous gold in soils are within areas of prospective Banded Iron Formation, intense alteration, structural deformation and quartz veining

 

Figure 4:  Kito Moto Ridge Prospect, New York target area

 

Figure 5:  New York target area


Regional Potential

The Hanang projects remains significant underexplored, with over 20km's strike length of anomalous gold in soils, in the New York / Winston area.

Figure 6:  New York / Winston anomalous area