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Tanzanian Gold Corp.
Summary
| Project: | Buckreef Mine | |
|---|---|---|
| Deposit: | Buckreef Mine | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 1/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 23-1-2020: Tanzanian Gold Corp. announces an Exploration/Drilling Update report for its Buckreef Mine deposit at the Buckreef Mine project. Drilling results incl. 50m @ 1.8g/t Au from 315m. TORONTO, January 23, 2020, (GLOBE NEWSWIRE) - Tanzanian Gold Corp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Zizhou (Internal) | |
| ABSTRACT: | TORONTO, January 23, 2020, (GLOBE NEWSWIRE) - Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce final results from Phase II of its ongoing drill program at the Buckreef Project. The Company also announces the start of Phase III drilling that will test the extension to ultra-deep levels of mineralization found below the pit bottom in Phase II. The results summarized below from Hole 26-2 confirm that the Northeast Extension is still open along strike. Phase II tested the mineralization below the open pit bottom of a pit defined by the Company’s Pre-Feasibility Study of the Buckreef Project. The last hole in Phase II has extended a wide and robust mineralized shear zone in the Northeast Extension by 300m along strike. The intersections reported here are a down-hole length and may not represent true width but the true width is estimated to be 50 – 60%. “The drilling program of the past year (2019) has been the largest such program in the Company’s history” stated Mr. James E. Sinclair, Executive Chairman, who went on to say that “Phase I and Phase II have most likely increased our total gold endowment at Buckreef and have demonstrated that gold mineralization is still open along strike and down dip”. | |
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