Tanzanian Royalty wishes to report that it has received impressive assay results from the ongoing diamond and reverse circulation (RC) drilling programs on the Eastern Porphyry Prospect at its Buckreef Gold Project in the Lake Victoria goldfields of Tanzania. The drilling programs commenced in September 2011.
According to Joseph K. Kahama, Chairman and Chief Operating Officer, “The drill program has served to verify the significance of the results obtained by previous operators including IAMGOLD which were not in the public domain but were discovered during our Buckreef data review process.”
“The latest drill results not only support and enhance the earlier drill programs, they confirm the existence of a fifth gold zone at Buckreef along with the potential to enhance our production expectations for this development stage gold project.”
Highlights from the recent drill program are included in the following table:
|EASTERN PORPHYRY DD/RC ASSAY HIGHLIGHTS|
Sample Depth (m)
|EASTERN PORPHYRY RC ASSAY HIGHLIGHTS|
Sample Depth (m)
|NLRC013||41.00||42.00||1.00||3.75||Phase 1 RC Drilling-Ashanti|
|NLRC026||93.00||94.00||1.00||3.43||Phase 1 RC Drilling-Ashanti|
|NLRC026||116.00||120.00||4.00||2.07||Phase 1 RC Drilling-Ashanti|
|NLRC027||11.00||13.00||2.00||5.67||Phase 1 RC Drilling-Ashanti|
|NLRC028||52.00||54.00||2.00||2.06||Phase 1 RC Drilling-Ashanti|
|NLRC029||62.00||65.00||3.00||2.18||Phase 1 RC Drilling-Ashanti|
|NLRC030||53.00||55.00||2.00||8.81||Phase 1 RC Drilling-Ashanti|
|NLRC032||24.00||25.00||1.00||3.87||Phase 1 RC Drilling-Ashanti|
|NLRC033||74.00||75.00||1.00||2.51||Phase 1 RC Drilling-Ashanti|
|BMRC392||40.00||41.00||1.00||2.93||Phase 2 RC Drilling-IAMGOLD|
|BMRC393||25.00||43.00||18.00||6.58||Phase 2 RC Drilling-IAMGOLD|
|BMRC394||3.00||4.00||1.00||3.52||Phase 2 RC Drilling-IAMGOLD|
|BMRC394||17.00||18.00||1.00||3.69||Phase 2 RC Drilling-IAMGOLD|
|BMRC499||17.00||18.00||1.00||2.81||Phase 2 RC Drilling-IAMGOLD|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV