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Tanzanian Gold Corp.
Summary
| Project: | Buckreef Mine | |
|---|---|---|
| Deposit: | Buckreef Mine | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 3/17/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 17-3-2020: Tanzanian Gold Corp. announces a Resource Estimation report for its Buckreef Mine deposit at the Buckreef Mine project. Updated Mineral Resource Estimate for the Buckreef Project. TORONTO, March 17, 2020, (GLOBE NEWSWIRE) - Tanzanian Gold Corpo | |
| Resources: | (Resources, M+I): 45.9Mt @ 1.59g/t Au (2.3Moz Au) | |
| CP/QP: | [Overall Report]: Peter Zizhou, Wenceslaus Kutekwatekwa (Not stated;Virimai Projects) | |
| ABSTRACT: | TORONTO, March 17, 2020, (GLOBE NEWSWIRE) - Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce that it has received an update of the Estimated Mineral Resources in the Buckreef Shear Zone from Virimai Projects, its independent technical advisor. This update incorporates the results from the 2019 drilling campaign, the largest drill campaign in the Company’s history. In order to appreciate the significance of these new results, at a cut-off of 0.5g/t, the updated Mineral Resource for the Buckreef Sheer Zone (Measured + Indicated) comes up to 40.90 million tonnes grading @ 1.73g/t that contain 2,270,700 ounces. At the same cut-off grade, the last published Measured + Indicated Resource for the Buckreef Sheer Zone (at a cut-off grade of 0.50 g/t Au) amounted to 21.99 million tonnes grading @ 1.54 g/t Au that contained 1,085,465 ounces of gold. This is more than doubles the estimated Mineral Resource in the Measured + Indicated categories for the Buckreef Shear Zone. | |
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