130m intersection at Manbarrum project

TNG Ltd has reported further highly encouraging results from the recently.....

  TNG Ltd has reported further highly encouraging results from the recently completed drilling at its 100%-owned Manbarrum Zinc-Lead-Silver Project in the Northern Territory.Results include an outstanding intersection of 130m of continuous zinc dominant mineralisation at the Sandy Creek deposit, with high grade intersections exceeding 20m.The intersection, one of the best seen to date at Sandy Creek, occurs close to wide intersections from the 2006 drilling program including hole MRC012 (114m at 5.4% zinc plus lead). TNG has also received results for a further five diamond drill holes from the Sandy Creek resource, three of which are located in the main mineralised zone and contain intersections confirming the higher grade nature of this zone. The results are considered to be strategically significant, and provide strong correlation with the RC drilling conducted last year at Sandy Creek which formed the basis of the current resource estimate. Results include: · MRC107: 130m at 4.0% Zn+Pb and 2.7ppm Ag; · MRC107: 119m at 7.8% Zn+Pb and 3.6ppm Ag;
· MRC107: 127m at 11.8% Zn+Pb and 3.5ppm Ag;
· MDD045: 19m at 5.6% Zn+Pb and 16.0ppm Ag;
· MDD049: 59m at 3.9% Zn+Pb and 10.0ppm Ag;
· MDD049: 59m at 11.0% Zn+Pb and 16.0ppm Ag;
· MDD050: 87m at 5.7% Zn+Pb and 10.0ppm Ag; and
· MDD050: 89m at 10.3% Zn+Pb and 23.0ppm Ag.
Further results from both Sandy Creek and Djibitgun are expected soon. The resource upgrade for Sandy Creek is in progress and is expected to be completed this week.An inferred resource estimate for the Djibitgun Prospect is also anticipated with Niton XRF results confirming a 800m long mineralised zone in the vicinity of historic drill core results of up to 8% zinc.