Tanzanian Gold plans to start mining Buckreef property
Tanzanian Gold Corporation announced that it is executing its plan to begin gold production at the Buckreef Project. The company will begin with the mining and processing of high grade oxide reserves at or close to surface at the location of the open pit defined in the 43-101 Pre-Feasibility Study. An oxide open pit and a monthly production schedule has been defined. The company expects to start a grade control drilling program on this oxide open pit in the next week. SGS/Bateman from South Africa is visiting the site to finalize a design for a 15tph plant to process the oxide reserves. Requests for bids have been published seeking Expressions of Interest for both the mining of the oxide open pit and for the construction of the oxide treatment plant. It is anticipated that the winning mining contractor will be mobilizing to site at the end of January 2020 to start mining. The material extracted will be added to an existing ore and waste stockpiles until the plant construction is completed. The company continues to focus on completion of Phase II drilling and the technical development program at the Buckreef Project. The company has completed its resource-geology model, samples have been collected and sent to Queens SGS Canada for rock strength testing, following which SGS Canada will do a conceptual design of an underground stope, a review of past metallurgical testing is almost complete and will give rise to drilling holes for new samples to conduct variability testing; and a program for Phase III drilling in the ultra-deep is being finalized and will be started when the Phase II drilling program is completed.