TRX Gold drills 3.5 g/t gold over 14 metres at Buckreef, Tanzania – Canadian Investor

TRX Gold drills 3.5 g/t gold over 14 metres at Buckreef, Tanzania CanadiansInvest

-TSX; TRX-NYSE American] reported drilling results from the Anfield and Eastern porphyry zones. The results demonstrate the potential for the Anfield and Eastern porphyry zones to add to resources and a new mining area on the Buckreef gold project. The Buckreef Project is located in the Geita District of the Geita Region, south of Lake Victoria, approximately 110 km southwest of the city of Mwanza, Tanzania.

Highlights: Hole BMDD298 intersected 14.0 metres grading at 3.48 g/t, including 3.0 metres grading at 10.96 g/t from 27.0 metres and 25.23 metres grading at 1.62 g/t gold from 47 metres. “We are very pleased to announce these highly anticipated drill results. The grades we are seeing are precisely what we had hoped for and are in line with our geologists’ expectations. These two zones represent a great exploration opportunity for the Buckreef gold property as we continue to test the three-kilometre trend of demonstrated gold potential. These zones run parallel and in close proximity to our current Main zone, from which we have been successfully mining over the last 18 months.

The Eastern porphyry contains a historic 2014 mineral resource of: measured category 90,000 tonnes grading at 1.20 g/t and indicated category of 1.02 million tonnes grading at 1.17 g/t for a combined measured and indicated in situ gold content of 41,705 ounces. In addition, there were inferred mineral resources of 1.24 million t grading at 1.39 g/t containing an estimated 55,380 ounces of gold.

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