10:02 AM EST - Teranga Gold Corporation : announced that with the closing of the Initial Public Offering on December 7, and the receipt of the proceeds, drilling has now begun on Tourokhoto. This is part of a 108,000-metre diamond and reveres circulation drill program to be completed by the end of September 2011. As the program ramps up, the Company expects to have 12 drills on the property to further explore the 39 drill targets identified on its regional exploration and mining licenses as outlined in the prospectus. The Company holds the largest land position in Senegal with a total land package comprising, 1,488 km2. Teranga Gold Corporation
shares T.TGZ are trading down $0.02 at $2.77.
