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Tanzanian Royalty Comments On Past Resource Disclosures Pertaining To Buckreef Project

Stocks in this article: TRX

As a result of a review by the British Columbia Securities Commission, Tanzanian Royalty Exploration Corporation (TSX: TNX; NYSE-Amex: TRX) (the “ Company”) is issuing this news release to clarify certain aspects of past resource disclosures pertaining to the Buckreef project.

In a news release dated April 15, 2011, the Company reported a resource estimate for its Buckreef project area that included measured mineral resources of 303,000 ounces; indicated mineral resources of 730,000 ounces; and inferred mineral resources of 960,000 ounces. Pursuant to an amended and restated technical report dated June 30, 2011, prepared in compliance with National Instrument 43-101 (NI 43-101) and filed by the Company on SEDAR, the mineral resource estimate for the Buckreef project area has been adjusted slightly as set out in the following table:

Summary NI 43-101 Compliant Mineral Resources of the Buckreef Project (0.5g/t Au Cut-off) – June 2011








ContainedAu (Moz)





ContainedAu (Moz)





ContainedAu (Moz)





ContainedAu (Moz)

Buckreef 5.176 2.05 0.341 3.706 1.86 0.222 7.158 1.89 0.435 8.882 1.97 0.563
Buziba       21.264 1.07 0.732 8.170 1.00 0.263 21.264 1.07 0.732
Bingwa             1.120 2.4 0.086      
Tembo             0.725 2.18 0.051      
TOTAL 5.176 2.05


24.970 1.19 0.954 17.173 1.51 0.835 30.146 1.34 1.295

These resources occur within four principal zones on the project: Buckreef, Tembo, Bingwa and Buziba. In accordance with the recommendations contained in the amended and restated technical report, the Company plans to undertake a preliminary economic assessment of the Buckreef project, and if such assessment is favourable, to proceed to a definitive feasibility study.

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