Tanzanian Gold Corp.’s Board of Directors is pleased to provide an update on its Buckreef Project following the press release of March 17, 2020 that announced the results of the 2019 drilling campaign which more than doubled the estimated Mineral Resource in the Measured + Indicated categories for the Buckreef Shear Zone to 2.3 million contained ounces of gold. Drilling continues in the Company’s Phase III [...]
Tanzanian Gold Corp.’s, Board of Directors is pleased to announce that it has received an update of the Estimated Mineral Resources in the Buckreef Shear Zone from Virimai Projects, its independent technical advisor. This update incorporates the results from the 2019 drilling campaign, the largest drill campaign in the Company’s history. NI 43-101 Estimated Mineral Resource For Buckreef Sheer Zone MEASURED [...]
Tanzanian Gold Corp. announces the voting results from its 2020 annual general meeting held on February 27, 2020. A total of 75,572,255 common shares were voted representing 47.64% of the issued and outstanding common shares of the Company. Shareholders voted in favour of all items of business before the Meeting, as follows: Item Voted Upon Result of Vote Set the number of directors at five Votes For Votes Against [...]
Tanzanian Gold Corp.’s, Board of Directors is pleased to announce results from Hole L19-1 , the first hole of Phase III that targets the continuity of mineralization significantly below that encountered in Phase II. The results summarized below from Hole L19-1 indicate that the mineralization encountered at surface extends at least 500m vertically at depth and is still open. The intersection at 622m in this hole [...]
Tanzanian Gold Corp.’s, Board of Directors wishes to retract in its entirety, as a result of a review by staff of the Ontario Securities Commission , the disclosure of unclassified resources included in the Company’s press release of February 14, 2020 regarding the Buckreef Project. Unclassified resources are not a CIM category of mineral resources and such disclosure is contrary to paragraphs 2.2 and 2.3 of [...]
Tanzanian Gold Corp.’s Board of Directors is pleased to announce Unclassified Mineral Resources for the 1.2km long Buckreef Shear Zone that amount up to 4,291,000 ounces contained in 242.4 million tons grading at 0.57 g/t Au at a block cutoff grade of 0.1 g/t Au. The Unclassified Mineral Resources are from an unconstrained block model using all the drilling results to date. Results at higher cut-off grades are shown [...]
Tanzanian Gold Corp. announces that the Appellate Division, First Judicial Department, Supreme Court of the State of New York has affirmed the Supreme Court of the State of New York, County of New York granting of summary judgment to Crede CG III, LTD under a Securities Purchase Agreement entered into on September 1, 2016 between Crede and the Company. The Company is currently reviewing its rights including the right to [...]
Tanzanian Gold Corp., is pleased to announce that it has advertised, issued, received and is reviewing the qualified bid responses for the Buckreef Gold Project’s Request For Proposal for its mining process. The RFP included as part of its requirements a thorough and working understanding of current laws and regulations for mining processes and operations which are located in the United Republic of Tanzania [...]
Tanzanian Gold Corp.’s, Board of Directors is pleased to announce final results from Phase II of its ongoing drill program at the Buckreef Project. The Company also announces the start of Phase III drilling that will test the extension to ultra-deep levels of mineralization found below the pit bottom in Phase II. The results summarized below from Hole 26-2 confirm that the Northeast Extension is still open along [...]
Tanzanian Gold Corp., is pleased to announce that the Company will be participating in the upcoming Vancouver Resource Investment Conference on January 19th and 20th, 2020. A new Buckreef Project presentation will be made at the conference Monday January 20th, 2020. Please visit our website where this presentation will be available shortly. Regards, Michael E. Martin Investor Relations m.martin@tangoldcorp.com For further [...]
Tanzanian Gold Corp.’s Board of Directors is pleased to announce that it has completed the sale of 6,695,652 common shares raising $3,850,000, in the aggregate as previously announced in its press release of December 16, 2019. Tanzanian Gold Corp. has over the past twelve months successfully executed a professionally designed and managed pathway with our development at the Buckreef Project. As demonstrated by our [...]
Tanzanian Gold Corp., announced today that it has commenced an underwritten public offering of up to 6,695,652 Common Shares at $0.575 per share. R.F. Lafferty Co., Inc. is acting as underwriter to offer and sell the Common Shares on a “best efforts” basis. The Company intends to use the net proceeds from the offering at the Buckreef Project primarily to further its on-going Ultra Deep Exploration drilling [...]