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TRX Gold Ord Shs T.TRX

Alternate Symbol(s):  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

Bullboard Posts
Post by drew17on Jun 04, 2006 9:53am
299 Views
Post# 10943266

Exploration Update

Exploration UpdateFri Jun 2, 2006 Diamond Drilling Commences at Itetemia Gold Project -------------------------------------------------------------------------------- A diamond drilling program has commenced on the Company's Itetemia Gold Project which adjoins Barrick's Bulyanhulu gold mine. The Itetemia property hosts numerous discrete gold occurrences, including the Golden Horseshoe Reef which has been traced by diamond drilling to a vertical depth of approximately 440 metres. The gold mineralization occurs primarily within two discrete gold zones, the South and North zones. Hole GHDD-029 (HQ core) was drilled to a depth of 12.5 metres before being terminated because of nightfall. Owing to a logistical oversight, no lights arrived with the drill rig, however, this issue should be reconciled quickly, allowing drilling to continue on a two shift basis. Let's bet that this minor oversight doesn't happen again.lol.
Bullboard Posts