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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 pogohereon Dec 21, 2011 1:38am
594 Views
Post# 19340668

Kigosi

KigosiOn 8-19-11 I wrote:
". . .we were led to believe that mining of Kigosi was imminent last year following purchase of the required processing equipment from a South African source. The equipment was delivered, but nothing significant has come of that to date. We were told at the last annual shareholders meeting in January2011 that the licenses for Kigosi would be issued by this past June. When I wrote to Sinclair et al about the schedule for those licenses I was told that special government approval was needed because Kigosi is in some sort of nature/animal preserve area. That had never been mentioned in any statements by the company."


https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=TNX&t=LIST&m=30101047&l=0&pd=0&r=0
In the recently issued Consolidated Financial Statements for years ended August 31, 2011, 2010 and 2009 there is this statement on page 12:
"In May 2011, the Kigosi gravity plant and accessories were moved to Buckreef Mine where it remains pending the receipt of a full mining permit for the Kigosi Project."
Bullboard Posts