TRX Gold Ord Shs T.TRX

Alternate Symbol(s): TRX

Metals & Mining Gold

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.

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TRX Gold Ord Shs

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Post by hallidason Aug 13, 2008 7:57am

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Post# 15379710

Looks like TNX's Drill Team fine tuned now

I wonder what the purpose of all the short holes are in the latest drilling update, could mineralization be that close to the surface or just testing the depth of the overburden? Looks like they have punched about 200 short holes in 5 days, kinda reminds me of them training for the Olympic 800m run.

Let's hope the bottom is in for good so we can see gold rise to $1200+ by years end, I know my portfolio has taken quite a beating over the last few weeks.

...Steve