Buckreef Gold Mine Development Update
FOR IMMEDIATE RELEASE September 12, 2019
TORONTO, September 12, 2019 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation’s, (TSX: TNX) (NYSE American: TRX) (the “Company’s”) Board of Directors is pleased to announce several updates on the Buckreef Project including:
the release of a new surface geological map;
a summary of the down-the-hole geophysical survey; and
an update on the Northeast Zone that is still open on strike.
One of our primary objectives behind the 2019 drill program has been to pull together data from previous, sometimes patchy and isolated drilling campaigns, and to combine this with new data from the 2019 campaign, and then to pull all the data together into one interpretation of what we have at Buckreef.
As shown on the simplified map, we have now defined a continuous zone of gold mineralization at Buckreef that is at least 1,200 meters long and that extends to depths of at least 450 meters below the surface. This mineralized zone is still open at depth.
Our systematic Phase I and Phase II drilling this year has encountered both lower grade areas, as well as higher grade areas. This kind of distribution of gold, or for that matter the distribution of any other metal, is typical in most orebodies like Buckreef. We have also encountered quite a number of wider intersections of gold mineralization as we drill deeper. Within these wider intersections are narrow zones of very high grade and areas of lower grades. All of this information is now in our Data Base and our Model.