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Tanzanian Gold Resource Upgrade for Buckreef Shear Zone

Mining News - Published on Thu, 20 Feb 2020

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Tanzanian Gold Corporation’s announced Unclassified Mineral Resources for the 1.2km long Buckreef Shear Zone that amount up to 4,291,000 ounces contained in 242.4 million tons grading at 0.57 g/t Au at a block cutoff grade of 0.1 g/t Au. The Unclassified Mineral Resources are from an unconstrained block model using all the drilling results to date. As a consequence of the drilling program the Company completed in 2019, the largest drilling campaign in the Company’s history amounting to over 17,650m in 60 holes during which a significant number of exploration targets were identified which require further drilling to upgrade the gold mineralization encountered in these exploration areas to the Inferred category.

Further, as the gold mineralization in the Buckreef Shear Zone is still open along strike to the northeast and down dip a Phase III drilling program has been started to further test the continuity of the mineralization at ultra-deep levels below mineralization encountered in Phase II.

And finally, the new global estimate of Mineral Resources in the Buckreef Shear Zone was derived from a new resource model developed for the Company that combines geological information such as major rock units, structures, alteration styles and assay data from over 1,000 holes that amounted to approximately 140,000m that were drilled along the Buckreef Shear Zone. The new model includes holes drilled by previous owners of Buckreef as well as holes drilled by the Company since it acquired Buckreef in 2011; and includes the results from the drilling campaign in 2019.

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Posted By : Rabi Wangkhem on Thu, 20 Feb 2020
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