Tanzanian Gold Corp. is pleased to announce the nomination and acceptance by Andrew Cheatle, P.Geo., MBA, ARSM for appointment to the Board of Directors of Tanzanian Gold Corp.. Director Cheatle is a world-renowned purpose driven achiever in the mineral resources industry with significant knowledge and experience in gold mining endeavours. He is respected, admired and highly sought after by mining companies, investors [...]
Tanzanian Gold Corp. ; is pleased to announce an update to its Corporate Presentation and has placed it on the company website, https://www.tangoldcorp.com/. Tanzanian Gold Corp. will participate in the virtual Red Cloud Securities Inc. Oktoberfest Fall Mining Showcase 2020 , with a presentation at 2:40 pm EDT Oct.21. Interested parties can register for the conference at https://www.runtheworld.today/app/c/redcloud. About [...]
Tanzanian Gold Corp. ; is pleased to announce that it has closed the First Closing of US$4 Million of its previously announced financing of up to US$14 million of unsecured convertible debentures with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. . The proceeds from the Financing will be utilized for a significant expansion of the Buckreef Project oxide mining and processing operation, the [...]
Tanzanian Gold Corp. ; is pleased to announce that it has signed a flexible financing agreement for up to US$14 million of unsecured convertible debentures with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. . The Company has also strengthened its balance sheet by converting US$8.4 million of outstanding gold loans and convertible loans into common shares. The proceeds from the Financing [...]
Tanzanian Gold Corp. ; is pleased to announce that it has filed a National Instrument 43-101 Independent Technical Report entitled “Updated Mineral Resource Estimate for the Buckreef Gold Mine Project, Tanzania, East Africa” . This Report follows the Company’s release of March 17, 2020 that announced a doubling of Resources in the Measured and Indicated Categories as well as highlighting the upside potential in [...]
Tanzanian Gold Corp. ; is pleased to announce that gold production has reached commercial level at the oxide ore processing plant at the Buckreef Project. First bucket at the oxide open pit was on April 6, 2020. Since then oxide ore has been stockpiled at a ROM pad. Construction of the plant ended on May 28, 2020. The plant successfully completed both cold and hot commissioning and has now reached commercial production [...]
Tanzanian Gold Corp. with gold mining projects at Buckreef in Tanzania, is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc. to assist in securing project financing for construction of two gold mining projects at Buckreef. In the last 10 years, PwCCF provided financial advice on over 4,000 transactions globally and in 2019, was ranked first by deal count by Mergermarket with over 569 [...]
Tanzanian Gold Corp.’s, Board of Directors is pleased to announce that SGS Canada Lakefield will soon be starting comprehensive metallurgical testing on the primary or “sulphide” gold mineralization in order to finalize a flow-sheet for the design of a large gold processing plant that will be the basis for the Final Feasibility Study of the Buckreef Project. The company has shipped fresh core from three metallurgical test [...]
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 [...]
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