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Tanzanian Royalty Reports Excellent Gold Values From Drill Program On Buckreef Project In Tanzania

The Company is pleased to report additional assay results from the ongoing drill program on its Buckreef Gold Project in the Lake Victoria Goldfields of Tanzania.

The latest results confirm the dip continuity of multiple, sub-vertical mineralized zones and include some of the most impressive values reported to date from the East Porphyry target area which is located 800m east of Buckreef Main deposit. Detailed results are presented in the following table:

Hole ID   Sample Depth (m)   Width

(m)

 

Assay Grade g/t

  Including
From   To
BMDD102 28.60 38.00 9.40 1.25 Includes 2.5m at 2.87g/t from 31.55m
  109.00 113.00 4.00 2.73 Includes 1m @6.11g/t from 111m
BMDD100B 7.00 10.25 3.25 4.56 Includes 2.25m@6.3g/t and 1.3m@1.5g/t
  209.00 211.00 2.00 2.68 Includes 0.7m @ 7.45g/t
BMRC531* 53.00 54.00 1.00 7.93  

*Buckreef footwall zone

The objective of the diamond drilling component in the current program is to determine the geological and structural framework of the East Porphyry prospect, while the RC drilling program is aimed at establishing the strike and down-dip continuity of mineralization identified in previous drill programs.

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