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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.
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