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Tanzanian Royalty Announces New Drilling Results From The Buckreef Project Continue To Intersect Wider Mineralization Zone With 19.0 Metres @ 2.46g/t Au Including 2.0 Metres @ 7.49g/t Au

Stocks in this article: TRX

Tanzanian Royalty Exploration Corporation is pleased to announce that new assay results from its ongoing deep diamond drill program at the Buckreef Gold Project in Tanzania have been received and confirm continuity of the wide, higher-grade gold mineralization.

Significant intercepts reported include:

  • BMDD189 which intersected 5m at 2.57g/t Au from 273m, including 1m @ 4.16g/t Au and a second zone of 4m at 4.39g/t Au from 313m, including 1m @ 12.6g/t Au from 315m.
  • Drill hole BMDD190 returned an interval of 5 metres grading 1.35g/t Au from 156m.
  • Drill hole BMDD191 returned an interval of 3m grading 2.41g/t Au from 413m.
  • Drill hole BMDD193 returned an interval of 9 metre grading 1.0g/t Au from 313m, including 3 metre at 2.01g/t Au from 318m and a second zone of 4m @ 4.23g/t Au from 328m, including 2m @ 7.4g/t Au from329m.
  • Drill hole BMDD194 returned an interval of 7 metres grading 3.04g/t Au from 93m, including 1m at 11.5g/t Au from 96m.
  • Drill hole BMDD197 returned an interval of 4 metres grading 1.12g/t Au from 59m and a second wide zone of 19m at 2.46g/t Au from 346m, including 2m @ 7.49g/t Au from 353m.
  • Drill hole BMDD199 returned an interval of 6 metres grading 5.35g/t Au from 190m, including 2m @ 8.33g/t Au from 194m and a second zone of 3.72m at 2.29g/t Au from 249m.

The intersection reported here is a down-hole length and may not represent true width but the true width is estimated to be 50 – 60%.

The host rocks to the gold mineralization at the Buckreef Northeast extension are a sequence of fine grained basalts to medium grained dolerite and strongly altered felsic porphyry units, associated with gold-bearing quartz-sericite-carbonate-pyrite alteration assemblages. The best gold grades are confined within brecciated and altered dolerite with felsic porphyry intercalation and grey quartz vein with fine disseminated pyrite.

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