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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]