Tanzanian Gold Corporation
About Tanzanian Gold Corporation
Tanzanian Gold Corporation is building a world-class gold mine at the Buckreef Project in Tanzania. An ongoing drill program has, to date, more than doubled the size of measured and indicated
resources to 2.036 million oz. NI 43-101 compliant exploration mining targets have the potential to add up to another 2 million ounces.
The company is rapidly advancing on three value-creating tracks, simultaneously: 1. Production from an oxide processing plant to operate as a separate, stand-alone plant for the full life of the larger sulphide mining and processing operation; 2. The company moves to Final Feasibility for the sulphide operation and now envisions a plant substantially larger than previously modelled, which could produce 150,000 to 175,000 ounces of gold annually.
The Company has begun Ultra-Deep Drilling and completed a Level 1 stope design to consider an underground gold mining component at Buckreef and will start infill drilling to upgrade ounces currently in the Inferred category.
