Pathway Towards Commercial Gold Production

July 13th, 2017

Tanzanian Royalty’s recently released Mine Feasibility Study (MFS) defines 1.064 million ounces of open pit minable gold, and initiates discussion on development of the underground Mine potential.

 

FOR IMMEDIATE RELEASE                        TORONTO, ONTARIO – July 13, 2017

 

Tanzanian Royalty Exploration (“TRX” or the “Company”) (NYSE: TRX) (TSX: TNX) is providing an update to its shareholders, discussing the findings of its recently completed Mining Feasibility Study (“MFS” or the “Study”) on its JV-owned Buckreef Gold Mine Project (the “Project”). The Study was led by an external consultant team from MaSS Resources Ltd. of Tanzania, with technical support provided by an internal team and combined previous published Preliminary Economic Assessment study results by Venymn of South Africa, as well as other historical feasibility studies conducted over the years on this historic deposit. The Buckreef project is in the Geita District in Lake Victoria Greenstone Belt in central Tanzania, East Africa. The full study can be found on the home page of the Company’s website: www.tanzanianroyalty.com

 

Please click here for full release

login