Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold or the Company) announces that TanGold (operating through its wholly owned subsidiary in Tanzania) and its joint venture partner, The State Mining Company (STAMICO), have worked together to submit an updated mine plan for the Buckreef Gold Project (Buckreef or the Project) to the Mining Commission in Tanzania. STAMICO, which is 100% owned by the United Republic of Tanzania (the Government), owns a 45% non-dilutable equity interest in Buckreef Gold Company Limited, which wholly-owns the Project.
ANNOUNCING STEPHEN MULLOWNEY – WELCOMED AS CHIEF EXECUTIVE OFFICER OF TANZANIAN GOLD CORPORATION
Vancouver, BC – Tanzanian Gold Corporation (TSX: TNX)(NYSE MKT:TRX) (the “Company”) is pleased to announce and welcome Mr. Stephen Mullowney, CPA, CA, CFA as Chief Executive Officer (CEO) of Tanzanian Gold Corporation, and he has simultaneously accepted an appointment to the Board of Directors of the Company, pending the approval of the expansion of the Board of Directors at the 2021 Annual General Meeting.
Mr. Mullowney is a former Partner and Managing Director of PricewaterhouseCoopers LLP (PwC) and PWC Canada’s mining deal leader. Stephen has an extensive mining background, working with miners, Governments, and institutional investors across the world and supporting them in making key strategic business, financing, and policy decisions. The breadth of Stephen’s background, skills, education, experience and innate abilities allows him to see all sides of issues and consider all interests in framing and achieving amicable, successful, and profitable solutions to complex issues. He maintains relationships committed to trust and integrity in all of his interactions. Stephen brings highly qualified professional executive leadership to the Company, which is fresh and innovative, through a comprehensive understanding and state of the art knowledge of mining, together with dynamic financial prowess, and executive leadership in the mining industry.
Buckreef’s gold project expansion ticks all the right boxes
When Tanzanian Gold Corporation published a PFS for its Buckreef gold project in Tanzania in 2018, executive chairman and director JIM SINCLAIR asked technical director ULRICH RATH one simple question: “What do we have at Buckreef?”
The question set in motion a series of events that has resulted in a doubling of the project’s resources. GERARD PETER reports.
PRESS & MEDIA
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