News: Buckreef Gold's Main Zone Extended https://stockhouse.com/news/press-releases/2022/08/16/buckreef-gold-s-main-zone-extended-and-chased-toward-the-surface
Buckreef Gold's Main Zone Extended And Chased Toward The Surface
Main Zone Remains Open In All Directions
TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TNX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce several positive assay results from the northeast (“NE”) step-out drilling at the Buckreef Gold Main Zone (“Main Zone”), which has now been extended by yet another 50 meters (“m”) for a total extension in the NE of 300 m; the total strike length having now been extended to 2.0km (see previous press release dated June 2, 2022). TRX has also commenced exploration drilling to the southwest (“SW”) of the Main Zone, where the drill rig is now active approximately 250 m beyond the historical South Pit.
The NE step-out drilling mineralization and grades have been generally consistent with the Main Zone, where the Company has recently commenced oxide mining activities over the past two quarters. TRX Gold will continue to explore closer to surface in the NE over time. The shallowest hole thus far has been 101.5 m below surface.
Drill highlightsinclude:
- Hole BMDD246 intersected 12.27 m grading @ 1.90 g/t Au from 191.7 m, on northernmost section line. Deposit is open to north and up-dip towards surface.
- Hole BMDD244 intersected 4.50 m grading @ 1.96 g/t Au from 129.5 m.
- Hole BMDD243 intersected 7.46 m grading @ 1.76 g/t Au from 101.5 m.