High grade mineralization was found in the Winston gold depo

Tanga resources company (Resources Tanga) announced that its Winston (Winston) project in Tanzania, the first batch of drilling found very high grade gold, affected by this news, the company's share price soared 300%.

Reverse circulation drilling see the best ore is 116 meters deep in the mine 16 meters, gold grade 55.23 grams / ton, including 9 meters thick, gold grade 92.78 grams / ton of mineralization.

The high grade ore, from the depths of 117 meters to see mine 13 meters, gold 86.19 grams / ton, including 10 meters thick, gold grade 108.07 grams / ton of mineralization.

Then down, from 147 meters to the final hole, see mine 4 meters, gold grade 10.2 grams / ton, including 1 meters thick, gold grade 22.4 grams / ton of mineralization.

Another hole in the depths of 64 meters see mine 16 meters, gold 1.23 grams / ton, including 2 meters thick, gold 5.93 grams of gold and grams of mineralization.

5 drilling holes were designed according to the soil geochemical anomaly of gold. Originally planned 12 drill holes, but due to the rainy season was forced to reduce.

Winston gold mineralization in the deep and along the direction are not penetrated.

To the end of last year, the company had only a $9 cash on hand, although in October the financial set of a $, but to implement the above exploration program is not enough.