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.

TSX:TRX - Post by User

TRX Gold Ord Shs

Bullboard Posts

Comment by Harvey633on Dec 07, 2010 3:31pm

194 Views

Post# 17814083

RE: RE: Other Gold Companies in Tanzania

GDXJ - Thanks for posting that article.
Looks like Tanzania is going to be the hot spot for some time to come. I do find it surprising however that TNX has moved along so slowly. Considering they were one of the first in there, I would have expected a lot more and a lot sooner. I wonder if many have lost interest? There is no question that Canaco share price will surpass TNX before very long. Today, TD bumped the one year target for CAN from $6. to $8. I don't think I've ever seen any targets for TNX....

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages