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Tanzanian Gold Corp.
Summary
| Project: | Buckreef Mine | |
|---|---|---|
| Deposit: | Buckreef Mine | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 2/14/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 14-2-2020: Tanzanian Gold Corp. announces a Resource Estimation report for its Buckreef Mine deposit at the Buckreef Mine project. Exploration Target of 242Mt @ 0.57g/t Au. TORONTO, February 14, 2020, (GLOBENEWSWIRE) - Tanzanian Gold Corporation’s, (TSX:T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Zizhou (Internal) | |
| ABSTRACT: | TORONTO, February 14, 2020, (GLOBENEWSWIRE) - Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce Unclassified Mineral Resources for the 1.2km long Buckreef Shear Zone that amount up to 4,291,000 ounces contained in 242.4 million tons grading at 0.57 g/t Au at a block cutoff grade of 0.1 g/t Au. The Unclassified Mineral Resources are from an unconstrained block model using all the drilling results to date. Results at higher cut-off grades are shown in the table below. As a consequence of the drilling program the Company completed in 2019, the largest drilling campaign in the Company’s history amounting to over 17,650m in 60 holes during which a significant number of exploration targets were identified which require further drilling to upgrade the gold mineralization encountered in these exploration areas to the Inferred category. Further, as the gold mineralization in the Buckreef Shear Zone is still open along strike to the northeast and down dip a Phase III drilling program has been started to further test the continuity of the mineralization at ultra-deep levels below mineralization encountered in Phase II. | |
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