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TRX Gold Ord Shs TRX


Primary Symbol: T.TRX

TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.


TSX:TRX - Post by User

Post by POG1200on Apr 15, 2021 11:26pm
473 Views
Post# 33008951

19.4 g/t over 27.99m

19.4 g/t over 27.99m
One of 3 holes from a few days ago.  I think that qualifies as high-grade.  Nice it is over such a large area.  Many grams over a long area is uncommon, but somewhat exciting for investors. 

I'm confident there is going to be a steady flow of good news coming from TRX over the long term.  It seems like a lot of things are targeted for development news at the end of fiscal 2021. 

Let's see if the price of gold continues up from here.  With the DOW so high, $1750 per ounce for gold seems cheap.  A higher price of gold will raise Tangold's share price, regardless of other positive news. 

For decades it seems the USA has been managing its finances like a family going bankrupt.  The stimulus extravaganza is just more support that it seems like the USA is accelerating its effort to go broke...  Gold is the best play against that possibility. 

The more governments get involved in crypto the riskier crypto becomes.  True, like gold, it is a private store of wealth that is not a government currency, but it is very complicated, new, and has a trust factor.  What if your crypto mint isn't honest?  Your left holding a bag of microdots...? 

Leave me holding a bag of gold please...  I'm staying away from crypto.  Someone said it can go to zero, and I think that is a possibility.  At least you could use gold for electronics, jewelry, fillings, and coins!
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