- Tanga Resources (TRL) has identified multiple new gold targets along a 15 kilometre structure in the Katerina Gold Project
- The Okakombo South and North targets returned multiple quartz veins and elevated gold results
- The Katerina and Okombahe Gold projects cover more than 1400 square kilometres in the central Damara Orogenic Belt
- Following lifted COVID-19 restrictions in Namibia, Tanga has restarted operations and will conduct follow up exploration for the rest of the year
- Tanga Resources shares remain in the grey and last traded for 1.9 cents each
Tanga Resources (TRL) has identified multiple new gold targets along a 15 kilometre structure in the Katerina Gold Project, which is located in Namibia.
The targets include three large 2.5 kilometre long by one kilometre wide soil anomalies, each over three parts per billion (ppb) gold, with a peak value of 26ppb (0.026 g/t gold) in soil.
Several other anomalous areas of gold have been identified at Katerina which Tanga will follow up on.
Katerina is located on a major first order northeast-southwest trending structural feature called the Otjihorongo Thrust. The thrust is cut by a second-order north-northeast trending structural feature called the Welwitschia Lineament which further north hosts structurally controlled copper deposits.
The Katerina and Okombahe Gold projects comprise two licences and three applications covering over 1400 square kilometres in the central Damara Orogenic Belt.
Tanga is focused on targeting gold on areas where regional first order fault structures trending northeast-southwest interact with second-order structural features.
The Okakombo South target also shows a linear anomaly following the first order regional northeast-trending Otjihorongo thrust and its interaction with an interpreted north-northeast trending second-order fault. Elevated gold results (at a peak of 212ppb in rock chips) were returned from an intersection between these structures in this area.
The Okakombo North target was observed to host multiple quartz veins in sediments with sulphides and historical diggings.
Tanga recently restarted field exploration, following the COVID-19 lockdown and has implemented procedures in order to prevent the spread of COVID-19 in field operations.
Work programs for the rest of the year aim to follow up on the exploration activities completed so far and to refine the recently identified gold targets and identify new ones.
Tanga Resources shares remain in the grey and last traded for 1.9 cents each at 10:09 am AEST.