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News Breaks
January 6, 2014
08:11 EDTTRXTanzanian Royalty reports positive metallurgical test results for Buckreef
Tanzanian Royalty Exploration announced positive detailed metallurgical test results for the oxide, transition and sulphide ore resources on the Buckreef Gold Project in Tanzania. Final results from column leach tests for the oxide ore resources are 71% recovery for material that is crushed to 6mm and agglomerated with 1kg/t cement. Testwork on the sulphide and transition resources indicate a recovery of 58% using a 12.5 mm crush size and agglomeration using 4kg/t of lime and 3kg/t of cement. The positive results indicate the potential of alternative lower cost mining methods. Although moving to a lower cost mining alternative and away from high priced, fixed contract engineering may result in an initial lower gold recovery percentage, the significantly lower engineering and development costs and faster lead time into production will result in improved payback and potential for self-financing the expansion into other mining projects. The Company is now working on developing the lower cost mine plan and its implementation as soon as possible.
News For TRX From The Last 14 Days
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February 9, 2016
08:18 EDTTRXTanzanian Royalty acknowledges, accepts resignation of chairman
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February 8, 2016
13:00 EDTTRXTanzanian Royalty completes first gold pour at Buckreef gold project
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February 5, 2016
08:58 EDTTRXTanzanian Royalty subsidiary provides notice of Force Majeure
Tanzanian Royalty announces that its subsidiary Tanzam has provided notice of Force Majeure under its agreement with STAMICO, owned by Tanzanian Treasury. "This notice of Force Majeure is based upon the invasion and forced occupation by several hundred illegal miners of our mining properties including the South Pit and other areas within the Buckreef site, thereby endangering our team and preventing Tanzam from continuing its mining operations. This continuing intrusion into our mines now at night is well known to the government authorities, as are the active illegal mining operations taking place right on our border. We ordered our security force to stand down in order to prevent a more serious confrontation. This event, we believe, may have been incited by an energetic speech made in the local village by the Deputy Minister of Energy and Minerals stating that land would be given to the artisans for legal mining within 14 days. On the 15th day the large invasion took place. Our decision to act was to protect the assets of our stockholders and put a stop to these actions which do not respect contracts or due process of law. Invasions are continuing by stealth and at night. The Deputy Minister requested a meeting onsite in early January. During the meeting cell phones and note books were forbidden by the Deputy Minister's staff, but the Deputy Minister's speech was videotaped. We have the master of this videotape. This same Deputy Minister made many other requests to be accomplished within 14 days that were not contractual obligations or required by mining law. The company was threatened with extreme sanctions without due process of law if the demands were not met. We intend to file various other legal actions with other ministries in connection with our mining and exploration equipment on the site of the Kigosi Mining License which is in good standing, including acts preventing our employees from entering the mining areas under license to us in order to take inventory of our equipment. In no case would any government official issue a letter to us concerning their verbal orders denying us access to the Kigosi site."

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