Archive for the ‘Front Page News Releases’ Category

Press Release 27 February, 2019

February 27th, 2019

Tanzanian Royalty Announces Results From First Hole of Upgrade Drilling at Buckreef Intersects 8m @ 2.32g/t gold and 11m @3.06g/t Au.

TORONTO, Feb. 27, 2019 (GLOBE NEWSWIRE) — Tanzanian Royalty Exploration Corporation (hereinafter, “The Company”) (TSX: TNX) (NYSE MKT:TRX) is pleased to announce new assay results from its recently commenced infill reverse circulation (RC) drill program at the Buckreef Main prospect at its Buckreef Project, aimed at upgrading the known Mineral resources from Inferred to Indicated and Indicated to Measured categories within the open pit that is the basis for the June 2018 Pre-Feasibility 43-101 Technical Report.

Exploration Update 12 Feb,2019

February 13th, 2019


Tanzanian Royalty updates progress on Phase One Drilling Program


Tanzanian Royalty Exploration Corporation (hereinafter, “The Company”) (TSX: TNX) (NYSE MKT:TRX) is pleased to announce our contractors Coreworthy and STAMICO are on-site, and the drills are turning.

New Drilling Program started

New Drilling Program started

AGM 2019

January 13th, 2019

We are pleased to announce that our Annual General Meeting (AGM) will be held on February 28, 2019 at 10:00am at:

Toronto Airport Marriott, 901 Dixon Road

Toronto, ON Canada M9W 1J5

If you will require accommodations, please use the link below:

Book your group rate for Tanzanian Royalty AGM 

Last day to book: February 6th, 2019

Marriott hotel(s) offering your special group rate for 209.00 CAD  per night.

For an update on company activities and to satisfy questions please use email to make an appointment for a personal call from Mr, Martin.

Michael E. Martin
Investor Relations -Tanzanian Royalty
Direct Line: 860-248-0999 - Office: 844-364-1830

TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company’), Board of Directors is pleased to announce the selection of Stamico, and Coreworthy to complete Phase One of our planned Three-Phase Drill Program. Total meters to be drilled in all Phases is expected to amount to approximately 30,000. The Three Phase Drill Program is being planned and directed by Ulrich Rath, Chair of our Technical Committee.

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A CANADIAN mining company has reaffirmed its support for the government’s overhaul of the legal and regulatory framework in Tanzania’s mining sector that has caused jitters among some foreign investors in the country.

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Press Release 30 July,2018

August 4th, 2018

Updated NI 43-101 Report Indicates 951,000 Ounces of Proven & Probable Gold Reserves at Buckreef

TORONTO, July 30, 2018 (GLOBE NEWSWIRE) — Tanzanian Royalty Exploration Corporation (hereinafter, the “Company”) (TSX:TNX)(NYSE MKT:TRX) is pleased to announce that it has filed on SEDAR an amended National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (NI 43-101)


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TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the “Company’) is pleased to announce Michael E. Martin has accepted the position of head of Investor Relations for the Company.  Mr. Martin has a distinguished career in the Financial Services Industry, which spans more than thirty-seven (37) years.  He has extensive experience and knowledge in the precious metals and mining industries.  In addition to these specializations, he has a broad base of general experience as a licensed Financial Advisor.

Mike has had a successful and distinguished career from a young age.  Early in Mike’s career, he was a Registered Representative, Series 7, financial principal of a boutique brokerage firm specializing in mining and resource investment and achieved a management position. The firm was a formidable trader of Over-The-Counter (OTC) gold mining companies, and served many European Banks, mutual funds, financial institutions, broker-dealers and high net-worth individuals, worldwide.  Thereafter, Mike’s career opportunities expanded and changed when he moved to Toronto, which was rapidly becoming a global mining industry center. Mike ran a sizeable and successful trading operation as part of the international trading desk for a large integrated Canadian brokerage firm.  Mike returned to New York to work for another boutique firm where he remained for over twenty (20) years. There, he continued to evolve a metal and mining focused business providing mining analysis and commentary for the firm and his clients.  During this period, Mike was often quoted in the press by Bloomberg News, The New York Times and other publications.  Most recently, Mike has worked as a Financial Advisor for Oppenheimer & Co. and Westport Capital Markets.

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TORONTO, ONTARIO – 23 October 2017, Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter (the “Company”) reports in an article by John Aglionby published today in the Financial Times, “Acacia Mining’s shares soared more than 18 per cent on Thursday after its majority shareholder, Barrick Gold, agreed the Tanzanian government would take a 16 per cent stake in its assets in the east African country to end a six-month dispute over the miner’s operations.” See the Financial Times article attached below in full.

“We believe this settlement is very good news for the Company. The settlement between Barrick and Tanzania represents a major step in furtherance of fairness and equity between the host nation and leaders in the extraction industry.  Tanzania and shareholders in the extraction industry can both benefit in a fair distribution of generated mineral profits. We saw a similar structure recently negotiated between Freeport McMoRan and the Indonesian Government; where Indonesia obtained 51% of the Grasberg mine. These are fair relationships between a host nation and investors.” said James E. Sinclair, Executive Chairman.


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TORONTO, ONTARIO – Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) hereinafter (the “Company”) announces that it is not affected by new laws in Tanzania.

“The new mining laws in Tanzania appear to be an action to gain a fair share of the financial rewards for the people and nation of Tanzania while still providing incentives to the investors. The proposed legislation is not nationalization.” stated James E. Sinclair, Executive Chairman.

Jim Sinclair co-authored a book titled “BOOM,” written in the 1990s with Mr. F. Vogl, former Director of Communications for the World Bank. “Boom” outlines the authors’ prediction for the economic development of China, Tanzania and India as those countries move into the modern Global economy. Many of the new laws adopted in Tanzania (and elsewhere) were outlined in the book. The authors’ premise, which is being borne out in present legislative trends states that to participate in the development of a foreign economy investing companies must enter into mutually beneficial contracts.

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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:


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