Buckreef Resource-Geology Model Update

FOR IMMEDIATE RELEASE August 1, 2019

TORONTO, August 1, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce the start of a geophysical survey at the Buckreef Property. This survey will help complete the Company’s new Resource-Geology Model.

Geophysical Survey

Exploration Geophysics Pty Ltd has arrived on site and has commenced down-the-hole wireline geophysical surveys of holes drilled earlier this year. This will be done by using a probe with Induced Polarization and Electromagnetic sensors that feed a continuous stream of data on resistivity and chargeability of the host rocks to a truck on surface. This data will then be analyzed and will assist identification and/or correlation of different rock units and shear structures between the various drill-holes and thus also provide potential targets for follow up in-fill drilling.

The initial phase of the geophysical survey is based on 10 holes with a survey length of about 3,620m. The Company expects that additional holes will be surveyed in Phase Two. The actual number of surveyed holes will also depend on accessibility as some might have collapsed after the drill rods were pulled out. Pictures of the current geophysical activity can be found on the Company’s website.

New Resource-Geological Model

The data from the geophysical survey will assist the Company in completing its Resource-Geology Model. This model will be a state-of-the-art interpretation of the principal geological elements that carry gold mineralization and the key structures that are important in the distribution of gold along an estimated strike length of 1,200m of the Buckreef mineral occurrence. The model will extend from surface to depths that are in some locations several hundred meters below the pit bottom of the current open pit as reported in the Pre- Feasibility Report by Virimai Projects and published in June 2018.

The geological and structural information arising from the geophysical surveys will also be used to facilitate definition of hard wireframes that are necessary in order to do Resource Estimations. All Resource Estimations released by the Company on the Buckreef Project to date are based on a model initially developed by Venmyn Deloitte.

   Documents & Downloads

            Highlight AGM 2019                          Buckreef  Amended 43-1010