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3.9¢ tanga resources limited

Good question. Well they had this spectacular em result, went...

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PennyP

2,192 Posts.

18/03/16

13:34

Post #: 17310912
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Originally posted by nammuldi ↑

Tanga has turned up during my research of Resource Cos and look interesting and bought some today.

Many questions though on geology and really a lack of good maps to understand both the surface geology that they say effects the soilsto the east - where does it impact would be good to see.
Also the mag circular anomaly appears to have dissappeared in the update and so i do not understand why one would do a twin hole to assess magnetic repsonses when the ground based mag indicates poor correlation at this stage and in these mkts drilling a diamnond hole HQ too, in the same spot i think is wasting good capital - do the diamond drilling after several more RC holes have expanded the resource - OR do diamond for the geology and orientation of the strata etc etc. if results become difficult to interp.

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Good question. Well they had this spectacular em result, went into a trading halt to announce. Then they said the next step was to drill it properly, need diamond for 2012 jorc results.
I don't think they are very good at mapping or employ a good gis person.
Early stages for this one, I'll give it till next quarter to see how it unfolds.

TRL Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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