Tanzanian Royalty Exploration

TRX Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company's Buckreef Project is located in the Geita District of the Geita Region south of Lake Victoria, approximately 110 kilometers southwest of the city of Mwanza, Tanzania. The Buckreef Project consists of over four prospects, namely Buckreef, Bingwa, Tembo and Eastern Porphyry. The company was founded on July 5, 1990 and is headquartered in Toronto, Canada.

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TRX Gold Corp. engages in the exploration, development, and production of mineral property interests in the United Republic of Tanzania. It focuses on Buckreef Gold Project which is located in the Geita District of the Geita Region south of Lake Victoria. The company was founded by James E. Sinclair on July 5, 1990 and is headquartered in Oakville, Canada.

VANCOUVER, British Columbia, June  23, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corp. (TSX: TNX); (NYSE American: TRX) (the “Company”) 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” (the “Report”). 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 Exploration Targets. The Report has been filed on SEDAR and is available on the Company’s website.

Doubling of Gold Mineral Resources Confirmed

VANCOUVER, British Columbia, June  17, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corp. (TSX: TNX); (NYSE American: TRX) is pleased to announce that gold production has reached commercial level at the oxide ore processing plant at the Buckreef Project.

Gold Production Started At Buckreef Oxide Project

VANCOUVER, British Columbia, May  05, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corp. (TSX:TNX) (NYSE American: TRX) with gold mining projects at Buckreef in Tanzania, is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc. ("PwCCF") 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 deals completed. 

PwC to assist project financing for gold mining at Buckreef

TORONTO, April  24, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce that SGS Canada (SGS) 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.

Tanzanian Gold announces SGS-Lakefield metallurgical testing will confirm design of larger sulphide plant following previous announcement doubling Mineral Resources

TORONTO, April  08, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s (TSX:TNX) (NYSE American:TRX) (the “Company’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.

Tanzanian Gold provides additional updates on its Buckreef Project  following previous announcement doubling Mineral Resources

TORONTO, March  17, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’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.

Tanzanian Gold Announces Doubling Of Resources In Measured + Indicated Categories And Highlights Upside In Exploration Targets on its Buckreef Gold Project

TORONTO, Feb.  26, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce results from Hole L19-1 (BMRCD309), the first hole of Phase III (ultra-deep) that targets the continuity of mineralization significantly below that encountered in Phase II.

Tanzanian Gold announces an upper level intercept of 48m (incl. 5m @6.6g/t and 1.0M @ 16.8 g/t ) and a deeper intercept of 13.4m (incl.

TORONTO, Feb.  21, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors wishes to retract in its entirety, as a result of a review by staff of the Ontario Securities Commission (“OSC”), the disclosure of unclassified resources included in the Company’s press release of February 14, 2020 (the “Prior Release”) regarding the Buckreef Project. Unclassified resources are not a CIM category of mineral resources and such disclosure is contrary to paragraphs 2.2(a) and 2.3(1)(a) of National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Tanzanian Gold Clarifies Disclosure

TORONTO, Feb.  14, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s (TSX:TNX) (NYSE American:TRX) (the “Company’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 in the table below.

Tanzanian Gold announces 4,291,000 ounces of gold contained in unclassified resources at the conclusion of its Phases 1 & 2 Resource Upgrade drilling along the 1.2km Buckreef Shear Zone

TORONTO, Feb.  05, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company”) 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 appeal.

Appellate Division Affirms New York Supreme Court Decision; Tanzanian Gold to Continue to Pursue Federal Matter

TORONTO, Feb.  05, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation, (TSX:TNX) (NYSE American:TRX) (the “Company”) is pleased to announce that it has advertised, issued, received and is reviewing the qualified bid responses for the Buckreef Gold Project’s (the “Project”) Request For Proposal (RFP) for its mining process.

Tanzanian Gold Update on Request for Proposal for Mining Process

TORONTO, Jan.  23, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’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.

Tanzanian Gold Announces End of Phase II Drilling and Start of Phase III Ultra-Deep Drilling; 50m @ 1.8 g/t Au Including 5m @ 4.6 g/t Au, 7m @3.9 g/t Au and 1.0m @ 7.0 g/t Au Confirms Northeast Extension Still Open

TORONTO, Jan.  17, 2020  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation, (TSX:TNX) (NYSE American:TRX) 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.

Tanzanian Gold Corporation will participate in the  Vancouver Resource Investment Conference

TORONTO, Dec.  18, 2019  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s (TSX:TNX) (NYSE American:TRX) (the “Company’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 Announces Closing of Sale of $3,850,000 in Common Shares

TORONTO, Dec.  16, 2019  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation, (TSX:TNX) (NYSE American:TRX) (the “Company”) 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 (i) further its on-going Ultra Deep Exploration drilling program testing up to 1200 meters deep; (ii)  initiate open pit mining for oxide ore and work to construct and operate a 15 tonnes per hour oxide processing facility; and (iii) continue to fast tract necessary testing and studies to further refine the Buckreef open pit, and develop the larger processing plant all to further the completion of the Company’s 43-101 definitive feasibility study.  The Company is pleased to report that these three work programs are being executed in parallel. In addition, net proceeds will also be used for working capital and other general corporate purposes.  The offering will be made pursuant to the Company's existing effective shelf registration statement, previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The offering of these Common Shares will be made only by means of a prospectus and related prospectus supplement. Copies of the prospectus and prospectus supplement relating to the Common Shares may be obtained by contacting: R.F. Lafferty & Co., Inc., Attention: Guy Crawford, Email: GCrawford@RFLafferty.com; Telephone: (212) 293-9052.

Tanzanian Gold Corporation Announces Public Offering of Common Shares

TORONTO, Nov.  04, 2019  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American: TRX) (the “Company’s”) Board of Directors is pleased to provide shareholders with a simplified guide to the progress that the Buckreef Project has made since the Company acquired it. This guide is based on the 43-101 Standard of Reporting.

Tanzanian Gold Corporation Provides Update On Buckreef Project

Intercept of 31.0m @ 2.5 g/t; including 1.0m @ 11.9 g/t and 1.0m @ 15.5 g/t Au

Tanzanian Gold Confirms that Buckreef Zone Still Open to N.E.

TORONTO, Sept.  26, 2019  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce further assay results from its on-going Phase II drill program at its Buckreef Project to define potential mineralized zones below the open pit as reported and published in the June 2018 Pre-Feasibility 43-101 Technical Report.

Tanzanian Gold Announces Drill Results Below Buckreef Open Pit Bottom Intercepts of 38.7m @ 5.2g/t Au including 4m @ 18.1g/t

TORONTO, Sept.  12, 2019  (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation’s, (TSX: TNX) (NYSE American: TRX) (the “Company’s”) Board of Directors is pleased to announce several updates on the Buckreef Project including:

News for Tanzanian Royalty Exploration Stock (TRX)