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 Harvey633on Dec 06, 2010 12:36pm

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Post# 17806406

Other Gold Companies in Tanzania

Has anyone noticed how several other gold exploration companies in Tanzania have been climbing?
Case in point = Canaco Resources Inc. (CAN)
At the end of March it was trading @ .45c - today it hit an inter-day high (so far) of $5.49 - It's catching up to TNX and will probably pass by the end of this year.
What's with TNX? Even with increasing gold prices it continues to languish. Is there really gold in them thar hills?

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