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Tanzanian Royalty Announces Results From Eastern Porphyry. Best Hole Has 11 Intervals Of Gold Mineralization; Including 1.0m Metre @ 17.8g/t Au

Stocks in this article: TRX

Tanzanian Royalty Exploration Corporation is pleased to announce that new assay results from its ongoing diamond drill program at the Eastern Porphyry on the Buckreef Gold Project in Tanzania have been received and confirm the continuity along strike of thin, en echelon-type mineralized zones of low to high grade mineralization.

Significant intercepts reported include:

• Drill hole BMDD203 which intersected 1m at 1.34g/t Au from 192m, and a second zone of 1m at 1.57g/t Au from 284m.

• Drill hole BMDD205 returned intervals of 1 metres grading 1.31g/t Au from 97m, 1m grading 3.02 g/t Au from 119m, 2m grading 1.43 g/t Au from 123m and 1m 1.17 g/t Au from 192m.

• Drill hole BMDD206 returned intervals of 1m grading 2.25g/t Au from 70m, 1m grading 1.95 g/t Au from 87m and 1m grading 3.28 g/t Au from 93m.

• Drill hole BMDD207 returned intervals of 2.95 metre grading 1.06g/t Au from 14m, 1m grading 4.41 g/t Au from 22m, 1m grading 1.19 g/t Au from 34m, 1m grading 2.37 g/t Au from 48m, 1m grading 4.31 g/t Au from 58m, 1m grading 3.17 g/t Au from 65m, 1m grading 3.33 g/t Au from 109m, 4m grading 1.61 g/t Au from 132m, 1m grading 1.5 g/t Au from 183m, 1m grading 1.18 g/t Au from 195m and 1m grading 17.8 g/t Au from 216m.

• Drill hole BMDD208 returned intervals of 2.83 metres grading 0.58g/t Au from 23m, 1m grading 0.91 g/t Au from 83m and 4m grading 0.62 g/t Au from 86m.

• Drill hole BMDD209 returned intervals of 2.68 metres grading 0.53g/t Au from 164m, 0.9m grading 1.41 g/t Au from 211m, 1m grading 2.23 g/t Au from 218m, 0.88m grading 3.29 g/t Au from 223m, 2m grading 2.73 g/t Au from 264m, 2m grading 1.08 g/t Au from 289m, 3m grading 0.78 g/t Au from 293m and 1.5m grading 3.55 g/t Au from 304m.

The Eastern Porphyry target is located approximately 800m east of Buckreef Main Zone. Gold mineralizations at Eastern Porphyry occur in a sequence of fine grained basalts to medium grained dolerites. This mafic package has been intruded by a series of porphyritic felsic dykes. The dykes are typically pink in colour and possess both quartz and feldspar phenocryst phases in a fine-grained ground mass. The target area has been partially drilled and drilling continues at this zone.

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