Wednesday 21st November 2018

Resource Clips

Tanzanian Royalty reports Tanzania Gold Assays as high as 6.27 g/t over 21m

Resource Clips - essential news on junior gold mining and junior silver miningTanzanian Royalty Exploration Corporation TSX:TNX announced results from its Buckreef Gold Project in northern Tanzania. Assays include

1.54 g/t gold over 3 metres
2.67 g/t over 12 metres (including 7.34 g/t over 2 metres)
1.53 g/t over 5.5 metres
2.66 g/t over 4 metres (including 9.99 g/t over 1 metre)
1.6 g/t over 23 metres
6.27 g/t over 21 metres (including 14.27 g/t over 6 metres)
4.27 g/t over 5 metres (including 8.31 g/t over 2 metres)

Chairman/COO Joseph K. Kahama stated, “[The results are] quite exceptional by historical standards and supportive of management’s belief that we are dealing with an essentially new gold discovery that will show its true merits in the coming months. While much more drilling remains to be done, our initial assessment is that we are seeing the emergence of a new gold discovery whose depth potential is reminiscent of at least one existing, long-life gold deposit in Tanzania. We are pulling out all the stops to assess this new discovery given its potential to boost our gold resource base along with the overall grade tenor for the Buckreef deposit which would obviously impact the economic assessment that is currently underway for Buckreef, not to mention the feasibility study that will follow immediately thereafter.”

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Tanzanian Royalty Exploration Corporation

by Ted Niles

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