Hole BMDD125 returned an intercept of 4.0 metres grading 1.49g/t gold from 191 metres;Hole BMDD126 had an intercept of 26.0 metres grading 4.5g/t gold which included 4.0 metres grading 17.6g/t gold from 215 metres. All drill intercepts are approximately 50% to 60% of true width. In early March 2012, the Company engaged a second diamond drill rig from Simba drilling which has been mobilized to the site and is fully operational. Drilling progress rates have improved significantly and are now in line with expectation to complete the program by May 2012. Three drill rigs are currently operating at Buckreef, two diamond drill rigs and one RC rig. Sample Protocol and QA/QC The sample chain of custody is managed by Buckreef’s technical team under the supervision of Anthony Minde. Core samples are picked up from the drill site at the end of every shift by company personnel for direct delivery to the secured drill core storage house located next to the Buckreef exploration office. The storage is accessible only by approved personnel. Intervals of core to be analyzed are split in half with a mechanized core cutter with one half sent to the laboratory for geochemical analysis and the remaining half kept in storage for future reference and usage. Samples to be assayed remain under the control of company personnel until submitted to SGS laboratory in Mwanza for 50g fire assay (FA) with AAS finish (0.01ppm LLD). The average percentage of core recovery is 95%. Sample intervals of 1.0m or less but greater than 0.5m depended on geology. SGS laboratory is ISO 90001 and 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting. In addition to SGS internal standards materials and blank samples, the Company regularly inserts into every batch its own certified standards, coarse blanks and duplicates in the sample stream for approximately every 20 samples.
Qualified PersonThe Company’s Qualified Persons, Mr. Phillip Kaniki and Charles Mnguto, have reviewed and approved the contents of this News Release. Mr. Phillip Kaniki has a Bachelor of Science degree in Geology from the University of Dar es Salaam (1997) and is a registered scientist with MAusIMM (Reg. No 221963). Mr. Charles Mnguto has a Bachelor of Science degree (Hons) in Geology from the University of Dar es Salaam (1995) and is a registered scientist with MAusIMM (Reg. No 307793). Respectfully Submitted, Joseph KahamaChairman and Chief Operating Officer (Tanzania) For further information, please contact Investor Relations at 1-800-811-3855Visit our website: www.TanzanianRoyalty.com The Toronto Stock Exchange and NYSE Amex Equities have not reviewed and do not accept responsibility for the adequacy or accuracy of this release Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.
Certain information presented in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.