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Tanzanian Royalty Announces Results From Ongoing RC Drilling At Eastern Porphyry Prospect Intersects 9m @ 3.07g/t Gold; Including 4.0m @ 6.25g/t Au

Stocks in this article: TRX

Tanzanian Royalty Exploration Corporation is pleased to announce new assay results from its second phase reverse circulation (RC) drill program at the Eastern Porphyry prospect at its Buckreef Project, aimed at testing the continuation of the deeper diamond drilling (DD) intersected multiple zones to the near surface depths.

Significant intercepts reported from Eastern Porphyry RC follow-up drilling include:

1. Drill hole BMRC541 intersected the following multiple zones of mineralization down the hole:

  • 5m grading 1.12 g/t Au from 30m depth,
  • 1.0m grading 2.35 g/t Au from 41m depth and
  • 2m grading 0.65 g/t Au from 76m.

2. Drill hole BMRC 542 intersected the following multiple zones of mineralization down the hole:

  • 1m grading 1.44 g/t Au from 31m,
  • 1m grading 6.85 g/t Au from 60m

3. Drill hole BMRC 543 intersected the following multiple zones of mineralization down the hole:

  • 9m grading 3.07 g/t Au from 40m; including 4m @ 6.25g/t gold
  • 1m grading 2.54 g/t Au from 84m

The Eastern Porphyry target is located approximately 800m east of Buckreef Main Zone. Gold mineralization at Eastern Porphyry occurs in a sequence of fine grained basalts to medium grained dolerites and in altered felsic porphyry dykes. The mafic package unit has been intruded by a series of porphyritic felsic dykes. The dykes are typically pink in color and possess both quartz and feldspar phenocryst phases in a fine-grained ground mass. The target area has been infill drilled by DD to test mineralization extension at depth while the RC drilling is testing the continuation of the mineralized zones to near surface depths.

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%.

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