Tango Mining Limited (“Tango” or the “Company”) (TSXV:TGV) is pleased to provide an update on recent diamond sales results and the ongoing mining work programme at the Oena Diamond Mine, Republic of South Africa (“Oena” or the “Property”). During the one month period ending 20 March 2017, a total of 307.94 carats (183 diamonds) were produced and sold with an average price of US$875 per carat. Diamond production from Oena, since acquisition, now totals 564.06 carats which have been sold at an average price of US$1,330 per carat.
As quoted in the press release:
The top three highest value diamonds recovered during this period include: an 8.740 carat diamond which sold at US$2,584 per carat, an 8.64 carat diamond which sold at US$2,558 per carat and a 3.480 carat diamond which sold at US$4,382 per carat. The top 53 diamonds in value, of the 183 diamonds recovered in the period, totalled 174.460 carats, had an average size of 3.292 carats and were sold with an average price of US$1,358 per carat.