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

Bullboard Posts

Post by drew17on Aug 17, 2004 10:22pm

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Post# 7822590

What might happen

to the current valuation of TNX if Barrick decides not to proceed with a pre-feasibility study on the JV? There has been no update that I am aware of on any of the exploration/activity for the JV since April 2003. Did Barrick peforming any work since then? In the latest MDA, JS indicated that Barrick is conducting an internal economic study of the project. I guess time will tell. I have not seen anything on the Northern Mining Exploration website regarding exploration of the properties (from TNX) either. Anyway, I am in for the long haul.

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