Tanzanian Royalty Announces Results from Ongoing RC Drilling at Eastern Porphyry Prospect Intersects 9m @ 3.07g/t gold; Including 4.0m @ 6.25g/t Au
Tanzanian Royalty Exploration Corporation is pleased to announce new
assay results from its second phase reverse circulation (RC) drill
program at the Eastern Porphyry prospect at its Buckreef Project, aimed
at testing the continuation of the deeper diamond drilling (DD)
intersected multiple zones to the near surface depths.
Significant intercepts reported from Eastern Porphyry RC follow-up
drilling include:
1. Drill hole BMRC541 intersected the following multiple zones of
mineralization down the hole:
5m grading 1.12 g/t Au from 30m depth,
1.0m grading 2.35 g/t Au from 41m depth and
2m grading 0.65 g/t Au from 76m.
2. Drill hole BMRC 542 intersected the following multiple zones
of mineralization down the hole:
1m grading 1.44 g/t Au from 31m,
1m grading 6.85 g/t Au from 60m
3. Drill hole BMRC 543 intersected the following multiple zones
of mineralization down the hole:
9m grading 3.07 g/t Au from 40m; including 4m @ 6.25g/t gold
1m grading 2.54 g/t Au from 84m
The Eastern Porphyry target is located approximately 800m east of
Buckreef Main Zone. Gold mineralization at Eastern Porphyry occurs in a
sequence of fine grained basalts to medium grained dolerites and in
altered felsic porphyry dykes. The mafic package unit has been intruded
by a series of porphyritic felsic dykes. The dykes are typically pink in
color and possess both quartz and feldspar phenocryst phases in a
fine-grained ground mass. The target area has been infill drilled by DD
to test mineralization extension at depth while the RC drilling is
testing the continuation of the mineralized zones to near surface depths.
The intersection reported here is a down-hole length and may not
represent true width but the true width is estimated to be 50 ? 60%.
Mr. Joseph K. Kahama, Chairman and Chief Operating Officer (Tanzania)
commented, 'We are pleased to learn that these multiple mineralized
zones at Eastern Porphyry extend to the surface, which increases the
target′s potential for low to medium grade near surface large tonnage.
The RC intercepts are being encountered where predicted from the
projected DD drill results. The Eastern Porphyry multiple vein system is
one of the potentially significant discoveries made this year in terms
of gold grade, intercept width, strike length and the potential for
extensions with further drilling.'
Sample Protocol and QA/QC
The sample chain of custody is managed by the Buckreef technical team
under the supervision of Anthony Minde. Gold analyses reported in this
release were performed by standard fire assay using a 50-gram charge
with atomic absorption finish (0.01ppm LLD) and a gravimetric finish for
assays greater than 10 grams per tonne. All assays were performed by SGS
Laboratory in Mwanza. Sampling and analytical procedures are subject to
a comprehensive quality assurance and quality control program. The QA-QC
program includes duplicate samples, blanks and analytical standards.
Intervals of core to be analyzed are split in half with a mechanized
core cutter, with one half sent to the Laboratory for geochemical
analysis and the remaining half kept in storage for future reference and
uses.
SGS Laboratory is ISO 90001 and 17025 accredited and employs a
Laboratory Information Management System for sample tracking, quality
control and reporting.
Qualified Person
The Company′s Qualified Person, Mr. Peter Zizhou, has reviewed and
approved the contents of this news release. Mr. Zizhou has a Master of
Science (Exploration Geology) degree from the University of Zimbabwe
(2000) and is a registered professional natural scientist with SACNASP
(Reg. No. 400028/08).
Respectfully Submitted,
Joseph Kahama
Chairman and Chief Operating Officer (Tanzania)
For further information, please contact Investor Relations at
1-800-811-3855
Visit our website: www.TanzanianRoyalty.com
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Tanzanian Royalty Exploration Corporation
James Sinclair,
1-800-811-3855