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Tango Mining Ltd grants more time to Bluedust for Oena mine due diligence

Bluedust will prioritize each area that has been identified with diamondiferous ROM (run of mine) and tailings

Oena is 8,800 hectare property in South Africa

Tango Mining Ltd (CVE:TGV) updated on its progress at the Oena diamond mine, saying it had granted Bluedust 7 Pty Ltd until the end of April to carry out due diligence.

Bluedust has now moved mining and processing equipment to the property.

The gear includes a Bourevestnik, three 30-tonne dumpers, 30-tonne and 46-tonne excavators, a 50-tonne excavator with a centric ripper, Foton 558G and 908G front-end loaders, two mobile sizing screens and 16-foot pan plant.

It has also recommissioned Tango's 14-foot and 16-foot pan plants.

This work will allow Bluedust to prioritise each area that has been identified with diamondiferous ROM (run of mine) and tailings and allow for the development of a comprehensive project development plan, Tango said.

It is also assessing the NI 43-101 inferred resource from 2014 and several other priority targets.

Oena is 8,800 hectares and covers a 4.8km wide strip along a 15km length of the Orange River.

Tango shares in Toronto were unchanged at C$0.035.

Quick facts: Tango Mining

Price: 0.015 CAD

Market: TSX-V
Market Cap: $3.49 m

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