Tanzanian Gold Corporation

Tanzanian Gold Corporation

Tanzanian Gold Corporation along with its joint venture partner, STAMICO is building a significant gold project at Buckreef in Tanzania that is based on an expanded Mineral Resource base and the treatment of its mineable Mineral Reserves in two standalone plants. Measured Mineral Resource now stands at 19.98MT at 1.99g/t gold containing 1,281,161 ounces of gold and Indicated Mineral Resource now stand at 15.89MT at 1.48g/t gold containing 755,119 ounces of gold for a combined tonnage of 35.88MT at 1.77g/t gold containing 2,036,280 ounces of gold. The Buckreef Project also contains an Inferred Mineral Resource of 17.8MT at 1.11g/t gold for contained gold of 635,540 ounces of gold. The Company is actively investigating and assessing multiple exploration targets on its property. Please refer to the Company’s Updated Mineral Resources Estimate for Buckreef Gold Project.
Tanzanian Gold Corporation is advancing on three value-creation tracks:
1. Strengthening its balance sheet by expanding near-term production to 15,000 – 20,000 oz. of gold per year from the processing of oxide material from an expanded oxide plant.
2. Advancing the Final Feasibility Study for a stand-alone sulphide treating plant that is substantially larger than previously modelled and targeting significant annual gold production.
3. Continuing with a drilling program to further test the potential of its property, Exploration Targets and Mineral Resource base by: (i) identifying new prospects; (ii) drilling new oxide/sulphide targets; (iii) infill drilling to upgrade Mineral Resources currently in the Inferred category; and (iv) a step-out drilling program in the Northeast Extension.

Address

5626 Larch Street, 202
Vancouver, British Columbia
Canada, V6M 4E1



Phone

+1-860-248-0999

Website

https://www.tangoldcorp.com

Industry

Mining

Listings

TSX: TNX | NYSE American: TRX

Key Executives

Stephen Mullowney - CEO,
Michael Leonard - CFO,
Andrew Cheatle - COO

Leadership Profile

 

Stephen Mullowney – Chief Executive Officer

Mr. Mullowney was appointed CEO in December 2020. He is a former Partner and Managing Director at PricewaterhouseCoopers LLP (PwC), where he led PwC Canada’s Deals Mining Group for more than ten years. Mr. Mullowney has an extensive mining background, working with miners, Governments, and institutional investors across the world and supporting them in making key strategic business, financing, and policy decisions. Mr. Mullowney is a CA, CPA, CFA and holds a BBA from Acadia University.

 

Andrew Cheatle – Chief Operating Officer

Mr. Andrew Cheatle ( P.Geo., MBA, FGS, ARSM) is an accomplished mining executive, geoscientist, and director. A graduate of the Royal School of Mines, Imperial College, London, his 30-plus-years international career has encompassed operations/production, mine development, and exploration in both the senior & junior mining sectors. He is currently also a Non-Executive Director of Condor Gold plc and Troilus Gold Corp.

Coverage/Report,Geology & Articles

June 14,2021-Tanzanian Gold Corporation Snap Shot

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