Tango Gold Appoints Chief Financial Officer

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 20, 2014) – Tango Gold Mines Incorporated (“Tango” or the “Company”) (TSX VENTURE:TGV) announces the appointment of Kalyan Paul as Chief Financial Officer of the Company, effective immediately, in place of Jennifer Boyle who recently resigned due to other commitments.

Mr. Paul has over 14 years of business experience supporting a broad range of industries, including construction, mining, service and paralegal. He is also a consulting Financial Controller for two other junior mining companies, Takara Resources Inc. (TSX VENTURE:TKK) and Satori Resources Inc. (TSX VENTURE:BUD). Previously, Mr. Paul has worked in various accounting and finance positions including medium to big sized public and private companies. Mr. Paul is a member of Chartered Professional Accountants of Canada (CPA) and Certified Management Accountants of Canada (CMA). He also holds a Bachelor Degree in Commerce and an MBA. Experienced in several aspects of business including in-depth expertise encompassing all core financial management, including corporate finance, treasury, financial reporting, budgeting, planning, risk assessment, corporate planning as well as HR and IT, Mr. Paul is a welcome addition to the Management team.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

CONTACT INFORMATION

Tango Gold El Santo Results

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Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the “Company”) is pleased to announce 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 highest 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. A complete summary of all 48-chip samples can be found in Table 1 and are plotted on Figure 1 and 2. To view the Figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/Figures-TGV.pdf.

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.

Table 1 – El Santo Assay Data (sorted from high to low gold)

Sample Number Au g/t Ag g/t Chip Sample Width (m)
1 72547 748.4 409 3
2 72584 30.4 16 4
3 72558 16.9 9 3.2
4 72579 16.1 18 6
5 72586 13.3 11 6
6 72554 12.6 13 3
7 72565 11.9 15 3.2
8 72552 8.856 10 2.9
9 72578 8.616 77 6
10 72549 6.554 218 3
11 72546 5.991 96 2.8
12 72582 5.734 2 6
13 72569 5.093 30 2.6
14 72545 4.976 30 3
15 72587 4.801 22 6
16 72557 4.715 3 2.6
17 72585 4.713 27 6
18 72566 4.708 48 4
19 72589 4.545 12 6
20 72555 3.388 43 2.95
21 72592 3.229 49 6
22 72551 2.662 2 3
23 72583 2.589 5 6
24 72550 2.277 3 2.8
25 72553 2.274 4 2.8
26 72548 2.079 16 2.8
27 72564 1.945 8 3.2
28 72570 1.878 <2 1.2
29 72561 1.877 6 3.1
30 72562 1.818 5 3.1
31 72581 1.699 <2 5
32 72576 1.551 10 4
33 72567 1.209 12 3.8
34 72580 1.209 29 5
35 72588 0.926 52 6
36 72556 0.898 <2 2.8
37 72573 0.689 <2 1.2
38 72563 0.558 <2 1.1
39 72577 0.493 <2 6
40 72572 0.092 <2 0.93
41 72574 0.022 <2 1.2
42 72568 0.019 <2 1.1
43 72571 0.012 <2 1.2
44 72590 0.007 <2 6
45 72591 0.006 <2 6
46 72575 0.005 <2 1.3

Tango has filed an Environmental Impact Assessment report with the appropriate government authorities and will conduct a follow up assessment program as soon as possible.

About Tango Gold Mines Incorporated

Tango Gold Mines Incorporated is a TSXV listed Canadian company which holds a 100% interest in the 2,088.8 ha El Santo concession located in central Nicaragua. El Santo is located immediately south of B2Gold Corp.’s La Libertad concession that is host to the La Libertad mine and mill complex which is projected to produce approximately 143,000 to 150,000 ounces of gold in 2014. El Santo is believed to host several east-west trending, low sulphidation, epithermal gold and silver in quartz vein systems similar to those found on the La Libertad concession.

On Behalf of the Board of Directors

Antonio Ponte, CEO and Chairman

For further information, please contact:
info@tangogoldmines.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Tango Gold Mines Incorporated Appoints Chief Financial Officer

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Tango Gold Mines Incorporated (“Tango” or the “Company”) (TSX VENTURE:TGV) announces 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. Mr. Hoch thanks the Chairman and his colleagues for the support he has received, and wishes the company further success.

The Company further announces that it is evaluating its current property portfolio, and making assessments as to priority projects conducive to the current markets, and accordingly, in the event that any adjustments are made, the Company will provide timely updates in this regard.

Pursuant to its stock option plan, the Company has granted stock options to certain directors, officers and consultants of the Company to purchase up to a total of 4,350,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.05 per share for a term of five years from the date of granting.

FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Antonio Ponte
President and CEO
Tango Gold Mines Incorporated
647 430 0966 xt 400
Antonio.ponte@tangogoldmines.com

Statement Regarding Forward-Looking Information

Certain information contained in this news release, including any information relating to the proposed transaction and Tango’s future financial or operating performance may be deemed “forward-looking”. These statements relate to future events or future performance and reflect Tango’s expectations regarding the transaction, and the future growth, results of exploration, business prospects and opportunities of Tango. These forward-looking statements are subject to a variety of risks and uncertainties that are identified and disclosed. Although Tango believes that the forward-looking information contained in this news release are based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. Tango expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Tango Gold Mines Incorporated Updates Status of Topacio Concession

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Further to the Company’s news release of December 13, 2013, Tango Gold Mines Incorporated (TSX VENTURE: TGV) (the “Company”) announces the termination of its option agreement dated 30 April 2010 with Inversiones Mineras, S.A. (“IMISA”) to acquire the Topacio Mining Concession in Nicaragua. The Company has presented a new offer to IMISA for the immediate purchase of a 100% interest in the Topacio Concession which, if successful, could potentially enable the Company to secure financing opportunities to continue with an evaluation, development and execution plan for the concession. There are no assurances that the Company will be successful in entering into a new agreement to purchase the Topacio Concession on the terms presented or at all.

The Company currently has approximately CAD $1.5 million in cash in its treasury, no debt, and is evaluating other opportunities that are available for acquisition.

About Tango Gold Mines Incorporated

Tango Gold Mines Incorporated is a Canadian company which holds a 100% interest in the 2,088.8 ha El Santo concession located in central Nicaragua, immediately to the south of B2Gold Corp.’s La Libertad concession that is host to the La Libertad mine and mill complex which is expected to produce in excess of 130,000 ounces of gold in 2013. El Santo is believed to host several east-west trending, low sulphidation, epithermal quartz vein systems similar to those found on the La Libertad concession.

On Behalf of the Board of Directors

Antonio Ponte, Executive Chairman

Tango Gold Mines Incorporated

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Contacts:
Tango Gold Mines Incorporated
antonio.ponte@tangogoldmines.com

Tango Gold Mines Incorporated: Corporate Update

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Tango Gold Mines Incorporated (TSX VENTURE: TGV) (the “Company”) provides a corporate update on activities in Nicaragua.

Under the terms of its option agreement dated 30 April 2010 (the “IMISA Agreement”) with Inversiones Mineras, S.A. (“IMISA”), the Company has the exclusive right and option (the “Option”) to acquire 100% of the 9,300 hectare Topacio mining concession in south-central Nicaragua (the “Topacio Concession”) by paying the purchase price of USD $3,000,000 on or before 30 April 2016, subject to a 3% net smelter return royalty in favour of IMISA. In addition, the Company is required to make USD $90,000 semi annual payments on 1 May and 1 November of each year until the purchase price is paid. In light of, among other things, existing market conditions and the size of the current National Instrument (NI) 43-101 compliant inferred resource on the Topacio Concession (see news release dated 21 November 2012) the Company has re-evaluated the economics of its proposed acquisition of the Topacio Concession and determined to cease further exploration activities unless it can re-negotiate the purchase price under the IMISA Agreement. To this end, the Company has presented an offer to IMISA for the immediate purchase of a 100% interest in the Topacio Concession, which, if successful, could potentially enable the Company to secure financing opportunities to continue with an evaluation, development and execution plan for the concession. There are no assurances that the Company will be successful in its efforts to re-negotiate the purchase price for the Topacio Concession on satisfactory terms, failing which the Company intends to terminate the Option.

As a result of the foregoing, the Company has not made the USD $90,000 semi-annual payment that was due to IMISA on 1 November 2013 and restructured its operations in Nicaragua such that, as of 1 January 2014, all technical consultants and other staff will be engaged solely on an hourly rate or daily rate basis as needed from time to time. As part of such restructuring Andrew Neale will be stepping down as CEO of the Company effective 13 December 2013 and the Company wishes Mr. Neale every success in his future endeavors. Mr. Antonio Ponte, Executive Chairman of the Company, has been appointed as Chief Executive Officer, effective immediately.

The Company currently has approximately CAD $1,700,000 in cash in its treasury, no debt, and is evaluating numerous other opportunities that are available for acquisition.

About Tango Gold Mines Incorporated
Tango Gold Mines Incorporated is a Canadian company with two principal precious metal properties in the Republic of Nicaragua.

Tango Gold Mines Incorporated: $950K Management Lead Private Placement Financing

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Tango Gold Mines Incorporated (TSX VENTURE: TGV) (the “Company” or “TGV“) is pleased to announce that it has completed a non-brokered private placement offering of 19,000,000 common shares at a price of CAD $0.05 per share for gross proceeds of CAD $950,000. Each share will be subject to a hold period of 12 months from the date of issuance. Insiders of the Company have subscribed for 3,000,000 shares (15.8%) of this private placement.

The net proceeds of the private placement will be used to, among other things, to develop Company’s projects in Nicaragua and for general working capital.

Subject to the acceptance of the TSX Venture Exchange, closing of the private placement is anticipated to take place within the next 7 days. A finder’s fee of 5% cash is payable in connection with $250,000 of the private placement securities issued.

About Tango Gold Mines Incorporated

Tango Gold Mines Incorporated is a Canadian company engaged in the exploration and development of two principal precious metal properties in the Republic of Nicaragua.

·       Topacio – TGV has the right to acquire a 100% interest in the 9,300 hectare (ha) Topacio concession in south-central Nicaragua, net a 3% NSR. Topacio is the site of historical underground and open pit gold production dating back to the early 1900s and hosts an National Instrument 43-101 compliant Inferred Mineral Resource of 2,716,176 tonnes grading 3.90 grams per tonne (g/t) gold, containing 340,345 ounces of gold at a cutoff of 1.5 g/t (Clarkson, 9.11.2012).

·       El Santo – TGV has a 100% interest in the 2,088.8 ha El Santo concession located in central Nicaragua, immediately to the south of B2Gold Corp.`s La Libertad concession that is host to the La Libertad mine and mill complex which is expected to produce in excess of 130,000 ounces of gold in 2013. El Santo is believed to host several east-west trending, low sulphidation, epithermal quartz vein systems similar to those found on the La Libertad concession.

On Behalf of the Board of Directors

Antonio Ponte

Executive Chairman

Tango Gold Mines Incorporated

For further information, please contact:

antonio.ponte@tangogoldmines.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in the Company’s continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release has been approved by Terry L. Tucker, P.Geo., Technical Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Tango Gold Mines Incorporated: Private Placement Financing and Topacio Update

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Tango Gold Mines Incorporated (TSX VENTURE: TGV) (the “Company” or “TGV”) announces a project development plan update and that it intends to proceed with a non-brokered private placement offering of up to 20,000,000 common shares at a price of CAD $0.05 per share for gross proceeds of up to CAD $1,000,000. The securities to be issued will be subject to a twelve-month resale restriction.
Topacio Project Development Plan Update

The Company continues to work with JDS Energy and Mining Inc. (JDS) to complete an evaluation, development and execution plan that included the shipment of samples in July 2013 totalling 270 kilograms from the Topacio and Mico veins to SGS Canada Inc. and Met-Solve Laboratories Inc., Vancouver, British Columbia to conduct preliminary economic assessment level (PEA) metallurgical test work. This completion of this work is critical for the success of advancing the project. Results of this test work are expected in November and will include grinding characteristics, gravity, leaching and flotation test work. The Company is pleased with the progress that JDS has made to advance the Topacio Project toward the development phase and the Mico Vein trench results (see news release dated 31 May 2013) confirm the resource expansion and exploration potential. The evaluation, development and execution plan being developed by JDS will be completed when final metallurgical test results are available.

The net proceeds of the private placement will be used to, among other things, to develop Company’s projects in Nicaragua and for general working capital and corporate purposes. The Company may pay a finder’s fee in connection with the private placement. Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.
About Tango Gold Mines Incorporated

Tango Gold Mines Incorporated is a Canadian company engaged in the exploration and development of two principal precious metal properties in the Republic of Nicaragua.

·       Topacio – TGV has the right to acquire a 100% interest in the 9,300 hectare (ha) Topacio concession in south-central Nicaragua, net a 3% NSR. Topacio is the site of historical underground and open pit gold production dating back to the early 1900s and hosts an National Instrument 43-101 compliant Inferred Mineral Resource of 2,716,176 tonnes grading 3.90 grams per tonne (g/t) gold, containing 340,345 ounces of gold at a cutoff of 1.5 g/t (Clarkson, 9.11.2012).

·       El Santo – TGV has a 100% interest in the 2,088.8 ha El Santo concession located in central Nicaragua, immediately to the south of B2Gold Corp.`s La Libertad concession that is host to the La Libertad mine and mill complex which is expected to produce in excess of 130,000 ounces of gold in 2013. El Santo is believed to host several east-west trending, low sulphidation, epithermal quartz vein systems similar to those found on the La Libertad concession.

On Behalf of the Board of Directors

Antonio Ponte

Executive Chairman

Tango Gold Mines Incorporated
For further information, please contact:

antonio.ponte@tangogoldmines.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Technical Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Tango Gold Mines Incorporated Announces Appointment of Chief Executive Officer

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VANCOUVER, BRITISH COLUMBIA — (Marketwire – 7 August 2013) – Tango Gold Mines Incorporated (TSX VENTURE: TGV) (the Company or TGV) is pleased to announce that Andrew Neale will join the Company as Chief Executive Officer, effective August 7th, 2013

Mr. Andrew James Neale is a mining industry executive with over 25 years of experience in international mine operations management, engineering & environmental management, community & government relations; and executive & board level experience with both large and small companies.

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.  After leading the completion of a major hydroelectric expansion project, a modernization of the underground mining operation, an expansion of the milling facilities, and increasing annual gold production by 50%, Andrew assisted the owners with completing a sale of the project to a South American entity that has now taken over management of the mine.

Previously, Andrew served for 12 years with Freeport-McMoRan Copper and Gold Inc., with the last five years as Vice President, Technical Services.  Mr. Neale had wide ranging responsibilities with Freeport, including operations management, plant design, engineering & construction, governmental affairs & permitting, and environmental management.  Before this, he held various positions with the Falconbridge and Noranda organisations in Canada, including six years with Brenda Process Technology (now a division of Metso Minerals).  Andrew has served as a director of Universal Gold Mining Corp., Canadian Ore Processors Corp., Canada Gold Corporation, and Metals Finance Limited.  Mr. Neale has a B.Sc. and an M.Sc. in Mineral Processing Engineering from the University of Alberta.

Mr. Neale has been granted an incentive stock option to purchase up to 1,000,000 common shares in the capital stock of the Company at an exercise of $0.13 per share, exercisable for a term of five years from the date of grant, which option shall vest as to 50% upon granting and the balance of 50% twelve months from the date of grant.

In welcoming the appointment, Tango Gold Mines Inc.’s Executive Chairman Antonio Ponte stated, “We believe we have found in Andrew Neale, a Chief Executive Officer who brings a wealth of combined mining sector experience, analytical and financial skills, and strategic abilities while complementing the strong technical and administrative team Tango Gold Mines Inc has put in place for the development of the Nicaragua Projects.”

Andrew Neale stated, “I am pleased to be joining a company with a clear focus on project development that will lead to a production decision that will be mutually beneficial to the company shareholders and the people of Nicaragua.  I believe that my skill sets and experience will further strengthen the exception capabilities of the existing board and management team.”

About Tango Gold Mines Incorporated

Tango Gold is a Canadian company engaged in the exploration and development of precious metal properties in Nicaragua. Tango Gold is focused on advancing the past-producing 9,300 hectare Topacio Property.  Topacio is located in a similar geological setting as B2Gold’s La Libertad Mine, which is located to the west of Topacio.  Topacio has a National Instrument 43-101 Inferred mineral resource estimate of 2,716,176 tonnes (t) grading 3.90 g/t Au containing 340,345 ounces of Au (at 1.5 g/t Au cut-off).  Tango Gold trades on the TSX Venture Exchange under the symbol TGV.

On Behalf of the Board of Directors

Antonio Ponte

Executive Chairman

Tango Gold Mines Incorporated

For further information, please contact:

ponte@tangogoldmines.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Technical Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Tango Gold Mines Incorporated: Corporate and Topacio Project Development Update

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 31, 2013) – Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the Company or TGV) is pleased to provide a development plan, corporate update and announce excellent results from twenty-three trenches completed within its 9300 hectare Topacio Project, Nicaragua (the Property).

Topacio Project Development Plan Update

JDS Energy and Mining Inc. (JDS) continues to work with the Company to complete an evaluation, development and execution plan that will include preliminary capital and operating cost estimates. This work also includes compilation and verification of an extensive property database that was not previously compiled, will update the metallurgical test work, update the resource model to be used for preliminary mine design and planning, site development, social and environmental permitting and the site visits by the JDS engineering and environmental team has been completed.

Corporate Update

The Company is pleased with the progress that JDS has made to advance the Topacio Project toward the development phase and the Mico Vein trench results confirm the excellent resource expansion and exploration potential that we anticipated on the Property. Mr. Ponte commented “Since I was appointed Chairman and CEO of the Company I have established relationships with many stakeholders and have accepted and enjoyed the challenge facing us to successfully advance and develop the Property to the benefit of Company shareholders and local stakeholders. We are impressed with the dedicated commitment we have encountered in our interaction with Nicaraguan government officials at the Municipality, Regional and National level and their support to attract foreign investment for mining and exploration companies. We have established our Head Office in Managua and are continuing to build our team to support advancement of the Company’s assets in Nicaragua.”

Trenching Program Results

The eight trenches reported in the table below have outlined a 700 meter (m) long zone of gold (Au) mineralization that averages 29 m wide (approximately true width). Seventeen trenches were completed on the Mico Vein, which is one of twenty-five known gold/silver rich low sulphidation epithermal veins on the Property.

Trench Length
m
Au
grams per tonne (g/t)
FT 221 57.0 4.00
including 11.0 6.86
FT 222 50.7 4.65
including 8.0 21.2
FT 223 8.6 1.54
FT 224 32.0 0.98
FT 225 39.7 2.42
including 4.0 9.80
FT 233 32.1 3.07
FT 234 12.5 4.94
FT 236 2.5 5.62

Trenching targeted primarily the Mico Vein but trenches were also completed on Lone Star, Majestad and the Topacio East Extension Veins. The Mico, Dos Amigos and Lone Star veins were the focus of historic mining and approximately 60,000 ounces of Au (estimated and not verified) were mined from portions of these veins from underground workings as well as from open pits. A total of 1337 m of trenching, varying from 45 m up to 98 m in length, were completed and a total of 1488 samples were collected. A standard QA/QC program including duplicate samples, insertion of blanks and sample standards was employed. Samples were prepared by Inspectorate Labs in Managua, Nicaragua and analyzed for Au and silver by fire assay/AA by Acme Labs in Vancouver, British Columbia, Canada.

Trench spacing on the east-northeast trending Mico vein was at approximately 50 m to 100 m intervals along the with two trenches on the east portion of the Lone Star and May Flower vein near their intersection. A summary of results listed the table below for the twenty-three trenches.

About Tango Gold Mines Incorporated

Tango Gold is a Canadian company engaged in the exploration and development of precious metal properties in Nicaragua. Tango Gold is focused on advancing the past-producing 9,300 hectare Topacio Property. Topacio is located in a similar geological setting as B2Gold’s La Libertad Mine, which is located to the west of Topacio. Topacio has a National Instrument 43-101 Inferred mineral resource estimate of 2,716,176 tonnes (t) grading 3.90 g/t Au containing 340,345 ounces of Au (at 1.5 g/t Au cut-off). Tango Gold trades on the TSX Venture Exchange under the symbol TGV.

On Behalf of the Board of Directors

Antonio Ponte, Chairman and Chief Executive Officer

Tango Gold Mines Incorporated

This news release may contain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits mentioned nearby the Company’s property is not indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Technical Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Summary of Trench Results

NSA = no significant assays

Vein Trench Length
m
Au
g/t
1 Mico FT 220 NSA
2 Mico FT 221 57.0 4.00
including 11.0 6.86
3 Mico FT 222 50.7 4.65
including 8.0 21.2
4 Mico FT 223 8.6 1.54
5 Mico FT 224 32.0 0.98
6 Mico FT 225 39.7 2.42
including 4.0 9.80
7 Mico FT 226 NSA
8 Mico FT 227 NSA
9 Mico FT 228 5.5 1.98
10 Mico FT 229 NSA
11 Mico FT 230 NSA
12 Mico FT 231 NSA
13 Mico FT 232 NSA
14 Mico FT 233 32.1 3.07
15 Mico FT 234 12.5 4.94
16 Mico FT 235 NSA
17 Mico FT 236 2.5 5.62
18 Lone Star FT 237 3.0 1.36
19 Lone Star FT 238 NSA
20 Majestad FT 239 4.0 3.14
and 1.5 5.65
21 Topacio East Extension FT 240 6.5 0.95
22 Topacio East Extension FT 241 4.5 1.4
23 Topacio East Extension FT 242 NSA

Contact Information:
Tango Gold Mines Incorporated
Antonio Ponte
ponte@tangogoldmines.com

FDG Mining Inc.: Appointment of JDS Energy and Mining Inc. and Senior Officers

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 4, 2013) – F.D.G. Mining Inc. (TSX VENTURE:FDG) (the “Company” or “FDG“) is pleased to announce that it has appointed JDS Energy and Mining Inc. (JDS) Vancouver, Canada (www.jdsmining.ca) to complete an evaluation, development and execution plan for the Company’s 100% owned Topacio Project, Nicaragua, Central America. Antonio Ponte, Executive Chairman commented, “I am very pleased with the appointment of JDS who bring a team of professionals with exceptional project management, mine operation experience and expertise to work with the new FDG management team to advance the Topacio Project”.

David St. Clair Dunn has resigned as President and Chief Executive Officer of the Company effective 4 April 2013 but will continue as a member of the Company’s Board of Directors.

Antonio Ponte, Executive Chairman and a Director of the Company, has been appointed as Chief Executive Officer (CEO) of the Company effective 4 April 2013.

The Company is also pleased to announce that, effective 4 April 2013, Philipp D. Hoch has been appointed as Chief Financial Officer (CFO) of the Company. Mr. Hoch is an M.B.A. (lic. oec.) graduate of the University of Zurich, and started his career in 1991 with Price Waterhouse. Mr. Hoch began work with Swiss Re and in 1999 was appointed the Chief Group Controller and Member of the Executive Boards Division Finance. In 2004 Mr. Hoch became Chief Financial Officer of Swiss Re (UK) in London and was responsible for the implementation of the New Regulation (N4) of the FSA as well as other projects on capital optimization. In 2008 Mr. Hoch became Chief Financial Officer and Chief Risk Officer of Banca Del Gottardo Group. After the sale of the Bank Mr. Hoch became an independent consultant until 2010 when he was appointed Chief Financial Officer of Deutsche Bank (Suisse) AG until 2012.

Further to FDG’s news releases dated 27 August 2012, 27 September 2012 and 31 October 2012, announcing a private placement of 531 units at a price of $1,000 per unit for gross proceeds of $531,000, which units are comprised of secured promissory notes in the aggregate amount of $531,000, bearing interest at the rate of 12% per annum and maturing on 31 October 2013, the Company is pleased to announce that the promissory note holders have agreed to convert the promissory notes, together with all accrued but unpaid interest thereon, into common shares in the capital stock of the Company at a price of $0.13 per share. The Company has also reached an agreement to settle an aggregate of $300,000 in outstanding debt in exchange for common shares in the capital stock of the Company at a deemed price of $0.13 per share. Pursuant to the shares for debt settlements, the Company proposes to issue up to an aggregate of 6,392,307 common shares in full settlement of the outstanding promissory notes and liabilities. The completion of the shares for debt settlements is subject to the approval of the TSX Venture Exchange.

The Company further announces that pursuant to its stock option plan, it has granted stock options to certain directors, officers and consultants of the Company to purchase up to a total of 3,900,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.13 per share for a term of five years from the date of granting.

About JDS Energy and Mining Inc (www.jdsmining.ca)

JDS is made up of a dynamic team of over 150 employees focused on delivering high quality engineering, construction, procurement and management solutions, both locally and internationally. JDS take projects from the early conceptual vision, right through every stage of planning and development, until they hand you the keys to a fully operational business. JDS offers extensive mining and mine management experience including infrastructure analysis, underground and surface project management, mine planning, production & general mine engineering, cost estimating and regulatory compliance.

About F.D.G. Mining Inc. ( www.fdgmining.com )

FDG is a Canadian junior mining company engaged in the exploration and development of precious metal properties in Nicaragua. The Company is focused on advancing its core property, the past-producing 9,300 hectare Topacio Property. Topacio is located in a similar geological setting as B2Gold’s La Libertad and El Limon mines, which are located to the northwest of Topacio. Topacio has a National Instrument 43-101 Inferred mineral resource estimate 1,491,634 tonnes (t) grading 5.71 grams per tonne (g/t) gold (Au) containing 273,742 ounces of Au (at 3.0 g/t Au cutoff) and 2,716,176 t grading 3.90 g/t Au containing 340,345 ounces of Au (at 1.5 g/t Au cut-off and a 2.0 metre minimum mining width). This resource was calculated by New Era Engineering Corporation, Randy Clarkson, P.Eng. Author. FDG trades on the TSX Venture Exchange under the symbol FDG.

On Behalf of the Board of Directors

Antonio Ponte, Chairman and Chief Executive Officer

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions regarding, among other things, the intended use of proceeds from the Financing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits on nearby properties to the Company’s property is not necessarily indicative of the gold mineralization on the Company’s property. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this news release have been approved by Terry L. Tucker, P.Geo., Director of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:F.D.G. Mining Inc.

Antonio Ponte

Chairman and Chief Executive Officer

604.696.4236

ponte@raifin.com

www.fdgmining.com