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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Tanzanian Gold Corporation    TNX   CA87601A1075

TANZANIAN GOLD CORPORATION

(TNX)
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Tanzanian Gold : announces 4,291,000 ounces of gold

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02/15/2020 | 01:52am EST

Tanzanian Gold announces 4,291,000 ounces of gold contained in unclassified resources at the conclusion of its Phases 1 & 2 Resource Upgrade drilling along the 1.2km Buckreef Shear Zone.

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.

200214 TNX NR

Disclaimer

Tanzanian Gold Corporation published this content on 15 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2020 06:51:06 UTC

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Managers
NameTitle
Jeffrey R. Duval Chief Executive Officer
James E. Sinclair Executive Chairman & President
Marco Guidi Chief Financial Officer
Ulrich E. Rath Independent Director
William M. Harvey Independent Director
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