Tanzanian Gold to Participate in John Tumazos Very Independent Research LLC Virtual Conference December 2021


TORONTO, 03 Dec. 2021 (GLOBE NEWSWIRE) – Tanzanian Gold Corporation (TSX: TNX) (NYSE: TRX) (TanGold or the Company)  announces that management will present at the John Tumazos Very Independent Research LLC virtual conference in December 2021.

Stephen Mullowney, CEO of TanGold, along with Andrew Cheatle (COO) and Michael Leonard (CFO) will participate in a virtual presentation and discussion with John Tumazos on Tuesday, December 7th.e 1:30 p.m. to 2:30 p.m. EST.

The webcast is accessible through the Company’s website under the Investors / Events and Investors / Presentations pages.

Webcast link: https://attendee.gotowebinar.com/register/1339211078421324299

A replay of the presentation will be available after the live webcast using the same link.

On Tanzanian Gold Company
The Tanzanian Gold Corporation and its joint venture partner, STAMICO, are constructing a major gold project at Buckreef in Tanzania, based on an expanded mineral resource base and the processing of its mineable mineral reserves at two stand-alone factories. Measured mineral resources now stand at 19.98 MT at 1.99 g / t gold containing 1,281,161 ounces of gold and indicated mineral resources now stand at 15.89 MT at 1.48 g / t gold containing 755,119 ounces of gold for a combined tonnage of 35.88 MT at 1.77 g / t gold containing 2,036,280 ounces of gold. The Buckreef project also contains an inferred mineral resource of 17.8 MT at 1.11 g / t gold for the gold contained at 635,540 ounces of gold. The Company is actively studying and evaluating several exploration targets on its property. Please refer to the Company’s updated Mineral Resource Estimate for the Buckreef Gold Project, dated May 15, 2020, for more information.

The Tanzanian Gold Corporation is advancing on three avenues of value creation:

  1. Strengthening its balance sheet by increasing short-term production from 15,000 to 20,000 ounces. of gold per year from the plant expanded by over 1,000 tpd.
  2. Advance the development of sulphides, which is considerably greater than that previously modeled and targets significant annual gold production.
  3. Continue a drilling program to further test the potential of its property, exploration targets and mineral resource base by: (i) infill drilling to improve mineral resources currently in the inferred category in Buckreef Main; (ii) extension drilling on the northeast extension of Buckreef Main; (iii) the Buckreef West infill drilling program; (iv) develop an exploration program for the newly discovered Anfield area; (v) develop the historical resources of Bingwa and Tembo; (vi) identification of new prospects at the Buckreef gold project and in the region.

For more information, please contact Michael Martin, Investor Relations, [email protected], 860-248-0999, or visit the company’s website at www.tangoldcorp.com.

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