VANCOUVER, BRITISH COLUMBIA — 23 March 2018 – Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on diamond sales results from the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the most recent production period, ending 14 March 2018, a total of 159.34 carats (106 diamonds) were produced, placed on tender in Kimberley and sold with an average price of US$864 per carat. This includes an 8.47 carat diamond which sold at US$2,896 per carat.
Diamond production from Oena, since acquisition, including production from both run of mine (“ROM”) material as well as pan tailings (“Tailings”), now totals 1660 carats and have been sold at an average price of US$1,150 per carat. Bluedust continues its due diligence program and will continue to systematically test various areas of the Property and a total of 26,130t of both ROM and Tailings material were processed during the most recent production period.
On behalf of the Board of Directors of Tango Mining Limited
Chief Executive Officer
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