Thursday 20th October 2016

Resource Clips

Tanzanian Royalty reports Tanzania Gold Assays including 10.58 g/t over 19m

Resource Clips - essential news on junior gold mining and junior silver miningTanzanian Royalty Exploration Corporation TSX:TNX announced assays from its Buckreef gold project in the Lake Victoria Goldfields, Tanzania. Results include

10.58 g/t gold over 19 metres (including 25.97 g/t over 5 metres)
1.75 g/t over 14 metres
1.49 g/t over 4 metres
4.5 g/t over 26 metres (including 17.6 g/t over 4 metres)

Chairman/COO Joseph Kahama remarked, “With the current exploration program focused on testing the upside potential in the deeper levels of the Buckreef deposit, we expect to increase our knowledge regarding the continuity and grade of these zones. We also expect to further increase the confidence level we have in the Buckreef gold project, lending support to increasing our resource base and leaving additional potential in mineralized zones below a vertical depth of 200 metres which remains largely untested.”

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by Ted Niles

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