This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tanzanian Royalty Reports New Drill Results From The Buckreef Project Confirm Wider Mineralization At Depth With 34 Metres @ 2.44g/t Au Including 3 Metres @ 7.1 G/t Au

Tanzanian Royalty Exploration Corporation is pleased to report that new assay results from its 2012 ongoing diamond drilling program at the Buckreef Gold Project in Tanzania, have been received and confirming continuity of the wide, higher-grade gold mineralized zones at depth.

Drilling highlight includes:

  • BMDD138 encountered intercepts of 6.0 metres grading 3.53g/t gold from 133 metres which included 2.0 metres grading 6.89g/t gold; 3 metres grading 4.65g/t Au from 144 metres, 2.25 metres grading 2.84g/t Au from 150.2 metres and 1.4 metres grading 4.56g/t Au from 162.8 metres.
  • BMDD139 encountered intercepts of 6.65 metres grading 1.80g/t gold from 125.35 metres which included 1.0 metres averaging 9.99g/t gold, 37 metres grading 2.5g/t gold from 148 metres which include 6 metres averaging 4.39g/t gold from 163 metres and 2 metres grading 4.89g/t Au from 174 metres.
  • BMDD140 encountered an intercept of 5.0 metres grading 1.18g/t gold from 134 metres.
  • BMDD141 intersected 21 metres grading 1.63g/t gold from 193 metres which includes 2 metres averaging 3.32g/t golf from 200 metres.
  • BMDD143 intersected 4 metres grading 2.27g/t gold from 198 metres which includes 1.4 metres averaging 4.14g/t golf from 188.1 metres, 19 metres grading 1.58g/t Au from 230 metres which include 4 metres at 2.59g/t Au from 231 metres.
  • BMDD145 intersected 5 metres grading 3.59g/t gold from 156 metres and a wide zone of 34 metres grading 2.44g/t Au from 178 metres which include 3 metres at 7.1g/t Au from 187 metres and 2 metres at 8.06g/t Au from 192 metres.

All intersections reported here are core lengths and may not represent true width but the true width is estimated to be 50 – 60%

The host rocks to the gold mineralization are a sequence of fine-grained basalts to medium–grained dolerite with strongly altered felsic porphyry in quartz-sericite-carbonate-pyrite alteration assemblages. The best grades are within strongly altered, brecciated dolerite intercalated with felsic porphyry and grey quartz veining in finely disseminated pyrite assemblage.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,191.01 -97.62 -0.53%
S&P 500 2,108.43 -8.96 -0.42%
NASDAQ 4,981.6210 -26.4750 -0.53%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs