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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 Sep 28, 2007 7:24pm
258 Views
Post# 13491710

Exploration Update

Exploration UpdateThu Sep 27, 2007 Kigosi and Itetemia Drill Programs Continuing Apace Since our last exploration update, another two holes aggregating 128 metres have been drilled at the Company's Kigosi Gold Project in the Lake Victoria Goldfields of Tanzania. Road construction is also underway at Kigosi and 97 truckloads of fill material have been brought into the site to build up the road bed. This will facilitate access to Kigosi during the rainy season. In the meantime, diamond drilling is continuing at the Company's Itetemia Gold Project which is the subject of an option agreement with UK-based Sloane Developments. At last report diamond drill hole No 3 was drilling at 107 metres, with a final target depth of 180 metres.
Bullboard Posts