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Tango Mining sells 106 diamonds from Oena mine at average price of US$864 per carat

A total of 159.34 carats or 106 diamonds were produced, and placed on tender in Kimberley
diamond
A total of 26,130t of both ROM and Tailings material were processed during the most recent production period.

Tango Mining Limited (CVE:TGV) updated the market on its latest diamond sales from the Oena Diamond Mine in South Africa.

In a statement on Friday, the company’s CEO Samer Khalaf said during the most recent production period, ending 14 March 2018, a total of 159.34 carats or 106 diamonds were produced, and placed on tender in Kimberley.

READ: Tango Mining adds further prospecting licence at Middlepits project, Botswana

The diamonds were sold at an average price of US$864 per carat. This includes an 8.47 carat diamond which sold at US$2,896 per carat.

Khalaf said diamond production from Oena, since acquisition, including production from both run of mine (ROM) material as well as pan tailings, now totals 1,660 carats.

They have been sold at an average price of US$1,150 per carat.

A total of 26,130t of both ROM and Tailings material were processed during the most recent production period.

Bluedust continues its due diligence programme and will continue to systematically test various areas of the property.

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