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Tanzanian Gold Corp.
Summary
| Project: | Buckreef Mine | |
|---|---|---|
| Deposit: | Buckreef Mine | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 6/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 6-6-2019: Tanzanian Gold Corp. announces an Exploration/Drilling Update report for its Buckreef Mine deposit at the Buckreef Mine project. Drilling results incl. 63.0m @ 4.8g/t Au from 357m. TORONTO, June 6, 2019 (GLOBE NEWSWIRE) -- Tanzanian Gold Corpora | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Zizhou (Internal) | |
| ABSTRACT: | TORONTO, June 6, 2019 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce results from the third hole, Hole L19-2, of the Phase II drilling program. The objective of Phase II is to identify gold mineralization in the range of 50 to 200m below the pit bottom of the open pit that is the basis of the 43-101 compliant Prefeasibility Study dated June 26,2018. The two previous drill holes in Phase II are Holes 13-3 and U22-1. All three holes have encountered significant mineralized widths that include notable intersections of high grade. 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%. Mr. Jim Sinclair, Chairman (TRX) commented, “ The systematic drilling we are doing below the pit bottom has, to date, yielded exceptionally robust results " noted Mr. Sinclair " we will be using these results to help us formulate a Phase III program that will, in part, be directed at testing what we are calling the Ultra-Deep." Mr. Sinclair went on to state that "We will also soon be doing a sophisticated program of down - the - hole geophysics to expand our Resource Geological model and better identify drill targets for Phase III." | |
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