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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
Comment by hallidason Jun 23, 2010 6:07am
333 Views
Post# 17213364

RE: RE: RE: UP

RE: RE: RE: UPMorning JohnRB, is your 100-200 oz/m just based on the existing 20t/h plant? From the AGM TNX indicated that if this plant proves itself then they will quickly procure 2-100t/h modules. Their last news release pertaining to this plant indicated:   "According to Tanzanian Royalty Senior Vice President, Riaan Van derWesthuizen: More production modules have been ordered and these will be added to theexisting plant to increase gold output on a staged basis." So this 100-200 oz/m could potentially grow to 1100-2200 oz/m. At a cash cost of Jim's high end surface production of $75/oz should give the share price a good boost, maybe not to $40/s but definately higher than where we stand now.

Has TNX issued any statement as to the current average grade of the Kigosi property?

Time will tell...but things are  looking better and better with each passing day....Steve
Bullboard Posts