TRX GOLD Corp 6-K, filed Jun 22, 2021
TRX GOLD Corp (TRX)
About this 6-K
TRX GOLD Corp filed this 6-K on June 22, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2021
Commission File No. 001-32500
TANZANIAN GOLD CORPORATION
(Translation of registrant’s name into English)
#202, 5626 Larch Street, Vancouver, British Columbia, V6M 4E1 Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under the cover Form 20-F or Form 40-F
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Documents included as part of this Report:
Exhibit No. | Document |
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99.1 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TANZANIAN GOLD CORPORATION |
(Registrant) |
By: | /s/ Donna M. Moroney |
| Donna M. Moroney |
| Corporate Secretary |
Date: | June 21 2021 |
New Gold Zone Discovery at Buckreef Gold – 2.9 km Strike Length
FOR IMMEDIATE RELEASE – June 21st, 2021
TORONTO, June 21st, 2021 (GLOBE NEWSWIRE) - Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold or the Company) (operating through its wholly owned subsidiary in Tanzania) and its joint venture partner, The State Mining Company (STAMICO), announces that it has made a new discovery of three closely spaced parallel, gold bearing structures at the Buckreef Gold Company Limited’s (Buckreef Gold) project, collectively now known as the Anfield Zone.
Highlights
·The new prospective gold mineralized zones, totaling a combined 2.9 kilometer (km) strike length were identified through geological (field) mapping, sampling and examination of artisanal workings. Collectively, they have been named the Anfield Zone (see next pages for maps).
·Grab samples of mineralized bed (fresh) rock have been assayed, with highlights of:
37.52 g/t, 28.55 g/t and 14.42 g/t.
·Located approximately 500 meters (m) to the east of the Buckreef Gold Main Zone.
·Aligns with and trends towards the Eastern Porphyry Mineral Resource.
·Follow-up field work and diamond drilling planned for 2021 and 2022.
Mr. Stephen Mullowney, CEO (TanGold) commented, “As part of the new management team’s continued in- depth assessment of the Buckreef Gold asset and empowerment of local management, we continue to be excited by the greenfield exploration potential of the Buckreef Gold land package. Along with the announced Buckreef West discovery (see press release dated May 3rd, 2021), the Anfield Zone is our second new discovery in less than 2 months. Combined with the positive metallurgical results (see press release dated June 9th, 2021), in conjunction with the Buckreef Gold Main Zone, these discoveries provide us with continued confidence that Buckreef Gold will develop into a significant gold producing asset.”
Mr. Andrew Cheatle, COO (TanGold) added, “I am thrilled with the work of the Buckreef Gold Team, who were keen to ‘get their boots out on the ground’ and explore targets and generate new ones; this has resulted in the discovery of the Anfield Zone – 2.9 km of prospective trend. We will be drilling the new target as soon as practicable.”
| Figure 1: Artisanal Mine Shaft Sample - Assayed at 28.55 g/t
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Figure 2: Anfield Zone in Relation to Buckreef Gold Main Zone, Buckreef West & Eastern Porphyry (White Dots Represent Artisanal Mine Workings – See Figure 4 for Legend)
Further Details on the Anfield Zone Discovery
Buckreef Gold’s Geological Team have made a significant gold discovery to the east of, and parallel to the Buckreef Gold Main Zone (The Main Zone Mineral Resource contains 35.88 MT @ 1.77 g/t, containing 2.04 M oz in the Measured and Indicated Mineral Resource category). The discovery has been made through field / geological mapping of outcrops and scattered artisanal workings, with care being taken to differentiate between fresh rock mining and alluvial mining. Mapping was undertaken from March 2021 through to June 2021. The fresh rock samples, obtained from a deeper artisanal mine shaft, have all the hallmark characteristics of mineralization associated with the Main Zone.
Multiple artisanal shafts have been mapped, most of which are currently flooded. From this mapping, three distinct mineralized zones all aligning with local mine scale shear fabric have been interpreted. The Anfield Zone is parallel to and is located approximately 500 m to the east of the Buckreef Gold Main Zone. Further, the trend aligns with the Eastern Porphyry Mineral Resource. (Measured and Indicated MR or 1.1MT @ 1.18 g/t containing 41.7 k oz of gold, and an Inferred Mineral Resource of 1.24 MT @ 1.39 g/t containing 55.38 k oz of gold).
The early-stage observation of the Anfield Zone geology is that it is characterized by mafic units composed of dolerite and basalt, intruded by NE-SW trending felsic porphyry units. East-west and northeast-southwest structures are prominent across the Anfield Zone. By comparison, the Buckreef Gold Main Zone is described as a shear zone hosted gold deposit within a sequence of mafic basalts and dolerites, near basement granite. The host rocks at the Buckreef Gold deposit comprise primarily pillowed, amygdaloidal and massive mafic meta-volcanic rocks which have been intruded by medium to coarse grained dolerite sills and dykes. Further geological work and diamond drilling will continue to examine the similarities (and differences) between the two closely spaced zones.
Initial grab samples were collected from the Anfield Zone, specifically where a deeper shaft had been sunk by artisanal miners. Full assay results are shown in the table below:
A second sampling campaign of grab samples was also undertaken in June 2021 to verify the initial high-grade results. Full assay results are shown in the table below:
Notes:
The sample chain of custody is managed by the Buckreef Gold Geology Team on site. Reported results are from grab samples selected from piles of excavated rock located next to the abandoned artisan pits. The rock chips were carefully sampled by geologist and grouped based on the intensity of shearing, alteration and quartz veining.
The samples were subjected by insertion of blank coarse materials to ensure quality assurance and quality control at this early stage of the program. Gold analyses are performed by standard fire assaying protocols using a 50-gram charge with atomic absorption (AAS) finish and a gravimetric finish performed for assays greater than 10 grams per tonne.
Sample preparation and analysis are performed by independent Nesch Mintech Laboratory in Mwanza, Tanzania. Nesch Mintech Laboratory is ISO17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting.
The results summarized in this release are from Anfield Zone. The zone is about 500m East of and subparallel to known Buckreef Main Zone.
qv=quartz vein, py=pyrite, quart-Carb = quartz – carbonate vein.
Buckreef Gold actively maintains positive relationships with the limited number of artisanal miners currently in the vicinity of the Anfield Zone, which is well demonstrated from the geological mapping and sampling campaigns. While there are a significant number of artisanal workings in the area, most are now flooded and inaccessible.
Figure 3: Artisanal Mine Shaft Samples from the Anfield Zone and Map
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Mineralization (textures, quartz veins, silicification and sulphide minerals) is geologically similar to the Buckreef Gold Main Zone |
Figure 4: Buckreef Gold Special Mining License - Anfield Zone in Relation to Buckreef Gold Main Zone, Buckreef West & Eastern Porphyry (White Dots Represents Artisanal Mine Workings)
