Tanzanian Royalty Reports High Grade Assay Results at Buckreef Project including 3.5 Metres @ 35.54 g/t Au, 7 Metres @ 18.47 g/t Au, 4 Metres @ 14.47 g/t Au and 17 Metres @ 5.26 g/t Au
Tanzanian Royalty Exploration Corporation is pleased to announce the
release of new assay results from its current deep drill program at the
Buckreef Gold Project in Tanzania targeting the deep extension
potential. These results are part of the ongoing drill program designed
to determine the potential for expanding the size of the mineral
resource estimate published in June 2011.
The results of the systematic drilling in the deep extension of Main
zone and North zone demonstrate that this zone continues to deliver
interesting results at depth as indicated below:
Drill hole BMDD166 returned an interval of 7.66 metres at 5.56g/t
gold, including 3 metres at 9.35g/t gold and a second zone of 7 metres
grading 18.47g/t Au, including 3.5 metres at 35.54g/t Au and a third
zone of 7 metres at 1.81g/t Au.
Drill hole BMDD170 returned an interval of 8 metres grading 4.07g/t
Au, including 3 metres at 7.91g/t Au and a second zone of 6.9 metres
at 2.69g/t Au.
Drill hole BMDD171 returned an interval of 30 metres grading 1.36g/t
Au, including 1 meter at 5.02g/t Au and a second zone of 4 metres at
2.16g/t Au from 339m.
Drill hole BMDD172 returned an interval of 10 metres grading 6.7g/t
Au, including 4 metres at 14.47g/t Au from 315m.
Drill hole BMDD174 returned an interval of 42.1 metres grading 3.23g/t
Au, including 17 metres at 5.26g/t Au from 376m.
The intersection reported here is a core length and may not represent
true width but the true width is estimated to be 50 ? 60%.
The gold mineralization at the Buckreef is hosted in shear zones
emplaced along the fine grained basaltic sequence, medium grained
dolerite and strongly altered felsic porphyry units, associated with
gold-bearing quartz-sericite-carbonate-pyrite alteration assemblages.
The best gold grades are confined within brecciated and altered dolerite
with felsic porphyry intercalation and grey quartz vein with fine
disseminated pyrite.
'We are pleased with these higher grade assay results from core drilling
at Buckreef? commented Joseph K. Kahama, Chairman and Chief Operating
Officer (Tanzania). 'These results show that our drilling has been
successful and has provided the first opportunity to sample the deep
mineralization at Buckreef,? he further added. 'This drill intercept has
confirmed the width and gold grade of a greater than 12m wide
hydrothermal veined mineralized system with a well developed
silica-sericite-carbonate-pyrite alteration. This will serve to further
increase our level of confidence associated with the Buckreef gold
project as we continue exploration to determine the potential for
increasing our resource base. Meanwhile, all mineralized zones below a
vertical depth of 350m below surface remain largely untested.?
Sample Protocol and QA/QC
The samples chain of custody is managed by the Buckreef technical team
under the supervision of Anthony Minde. Gold analyses reported in this
release were performed by standard fire assay using a 50-gram charge
with atomic absorption finish (0.01ppm LLD) and a gravimetric finish for
assays greater than 10 grams per tonne. All assays were performed by SGS
laboratory in Mwanza. Sampling and analytical procedures are subject to
a comprehensive quality assurance and quality control program. The QA-QC
program includes duplicate samples, blanks and analytical standards.
Intervals of core to be analyzed are split with a mechanized core cutter
in half with one half to be sent to the laboratory for geochemical
analysis and the remaining half to be kept in the storage for future
reference and uses.
SGS laboratory is ISO 90001 and 17025 accredited and employs a
Laboratory Information Management System for sample tracking, quality
control and reporting.
Qualified Person
The information in this press release has been reviewed and approved by
Mr. Phillip Kaniki. Mr. Kaniki has a Bachelor of Science in Geology
degree from the University of Dar es Salaam (1997), and is a registered
scientist with the Canadian Institute of Mining, Metallurgy and
Petroleum (Reg. No. 156370).
Respectfully submitted,
Joseph Kahama
Chairman and Chief Operating Officer (Tanzania)
For further information, please contact Investor Relations at
1-800-811-3855
Visit our website: www.TanzanianRoyalty.com
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Exchange Commission limits disclosure for U.S. reporting purposes to
mineral deposits that a company can economically and legally extract or
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'resources?, 'geologic resources?, 'proven?, 'probable?, 'measured',
'indicated', or 'inferred' which may not be consistent with the reserve
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uncertainties, and other factors.
Tanzanian Royalty Exploration
James Sinclair, 1-800-811-3855
Investor
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