THE BOURSE WHISPERER: Tanga Resources (ASX: TRL) has identified new copper and copper-gold targets at the company’s Hagenhof project in Namibia.
Tanga Resources has currently mapped over eight kilometres of strike at Hagenhof in a Katangan-style metallogenic setting that remains open to the east.
At Liv’s Hill, Tanga has mapped and sampled outcropping stratabound copper mineralisation over 450 metres of strike.
Average surface copper grades from 16 samples is 0.62 per cent copper, with a peak of 5.75 per cent copper.
Anomalous cobalt values of up to 0.19 per cent were reported in several rock chip samples.
Tanga said there is no evidence of any previous work being carried out at Liv’s Hill.
Copper Cap is located one kilometre to the north of Liv’s Hill.
Three samples returned gold values ranging from 0.154 grams per tonne gold to a peak value of 1.1g/t gold and are associated with high barium values, very high copper values (up to 0.6 per cent copper) and high vanadium levels (up to 0.14 per cent).
Additional rock chip samples showed showed visual copper mineralisation with assay results still pending.
Initial sampling from Jette’s Hill, located three kilometres west of Liv’s Hill, returned copper values of over two per cent copper and anomalous gold of over 0.5g/t gold from surface rock chip samples in secondary copper mineralised (chrysocollamalachite) gossanous dolomite and micaceous schist.
“We have now defined a stratigraphic mineralised horizon extending over eight kilometres from the original Main Gossan, eastwards through several new targets at Jette’s Hill, Copper Cap and Livs Hill, which hosts extensive stratabound copper and gold mineralisation,” Tanga Resources CEO Matthew Bowles said in the company’s announcement to the Australian Securities Exchange.
“We are excited by this latest round of results that have identified additional, new copper/gold targets and further highlights the significant potential at Hagenhof.
“Our Technical Director, John Stockley, has worked extensively in the Zambian Copper Belt and is impressed with the overall similarities to the Katangan-style copper mineralisation.
“We look forward to securing the final Environmental Clearance Certificate, which will permit us to commence our maiden drill program, starting at the Main Gossan, where historical drilling has already reported intersecting copper mineralisation.”