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Tanzanian Gold Corp.

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Summary

Project:

Buckreef Mine

Deposit:Buckreef Mine
Location:Tanzania
Commodities:Gold
Date:6/23/2020
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:23-6-2020: 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. Historical exploration activities include geochemical and geophy
Resources:(Resources, M+I): 38.57Mt @ 1.77g/t Au (2.194Moz Au)
CP/QP:[Resource] Wenceslaus Kutekwatekwa, Frank K. Crundwell (CM Solutions Pty Ltd.,Virimai Projects)
ABSTRACT:Historical exploration activities include geochemical and geophysical surveys, geologic mapping, and drilling by various operators in the period 2004 to 2020. The most recent drilling programme undertaken by TRX is that from January 2019 to February 2020 in which a total of 17650m of drilling was carried. This brings the total meterage drilled on the project to about 125,750m to date for the project. The recent drilling included reverse circulation holes and diamond core holes. The majority of the assays used for the estimate were fire assay at accredited Nesch Mintech Laboratories in Mwanza. The sample preparation, analyses and security procedures implemented by TRX, Nesch Mintech meet standard practices and were monitored using control samples, blanks, certified reference materials duplicates. On the basis of the quality assurances procedures and the quality control put in place at Buckreef it is the opinion of Wenceslaus Kutekwatekwa that the sampling preparation security and analytical procedures used by TRX are consistent with generally accepted industry best practise and are therefore adequate for use in mineral resource estimation and classification of Mineral Resources in accordance with generally accepted CIM standards

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