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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 07, 2006 7:43pm
164 Views
Post# 10960086

Exploration Update

Exploration UpdateTue Jun 6, 2006 First Diamond Drill Hole Completed at Itetemia Project The first in a series of diamond drill holes has been completed by Tanzanian Royalty drill crews on the Company's Itetemia Gold Project which adjoins Barrick's Bulyanhulu gold mine. Diamond drill hole GHDD-029 was terminated at 225.50 metres after encountering the mineralized horizon as expected from 193.50 to 218.62 metres 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.
Bullboard Posts