cwilliams@northernminer.com

Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania.

“The ore comes in two forms — the primary ore that is at depth and then becomes oxidized as you get close to the surface,” Ulrich Rath, the company’s director said in a telephone interview. “The oxidized ore has different characteristics to the underlying sulphides.”

Some companies, he added, elect to build plants that process both of them at the same time; however, they decided to treat the oxide ores first, as they are close to the surface and then to build a second plant to process the sulphide ores.

The company, he noted, now plans to expand the oxide plant in the fourth quarter
of this year, with a further expansion slated for early next year.

 

 Gold Production started at Buckreef mine in Tanzania

Gold Production started at Buckreef

Commercial Gold Production Started

Doubling of Gold Mineral Resources Confirmed

Buckreef Gold Mine Project Independent Technical Report June, 2020 (Click Here)

Tanzanian Gold Corp is pleased to announce that it has filed a National Instrument 43-101 Independent Technical Report entitled “Updated Mineral Resource Estimate for the Buckreef Gold Mine Project, Tanzania, East Africa” (the “Report”). This Report follows the Company’s release of March 17, 2020 that announced a doubling of Resources in the Measured and Indicated Categories as well as highlighting the upside potential in Exploration Targets. The Report has been filed on SEDAR and is available on the Company’s website.

The new Estimated Mineral Resources

The Estimated Mineral Resources released today at a cut-off grade of 0.4 g/t Au

“I am delighted that the report today has clearly highlighted two significant aspects of our growing resource base – the high grade nature ( almost 2.0 g/t Au)  of the bulk of our resources , and the  potential to the Inferred category with additional drilling” stated Mr. James E. Sinclair, Executive Chairman.

States the Report ”Since the last update, June 2018, the Buckreef Shear Zone Measured Mineral Resources have more than doubled in terms of tonnage but increased by two and half times in terms of contained ounces mainly due to the high grades intersected in the Main Zone Central and North East extension during the last drilling campaign. Indicated Mineral Resources have increased by approximately 20% percent with a corresponding nearly 30% increase in contained ounces. Inferred Mineral Resources have also more than doubled with but contained ounces just fall short of being double.  This is due to the deeper drilling and to reflect the open–ended nature of the mineralisation.”

Here the full press release

Buckreef Gold Mine Project Independent Technical Report June, 2020 (Click Here)


PRESS & MEDIA

courtesy of :

JSmineset Weekly interview


Presentation Slide  AGM 2020

by Ulli Rath:Tanzanian Gold Corporation Presentation

        Buckreef Gold Mine Project Independent Technical Report June, 2020 (Click Here)