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Tanzanian Gold (NYSE: TRX) shares are trading higher as speculative retail trading drives volatility in several stocks.
Tanzanian Gold is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania.
The company s main area of interest has been in the exploration and development of gold properties. Its advanced stage projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project, and the Luhala project.
Tanzanian Gold shares traded up 25.45% to 88 cents The stock has a 52-week high of $1.91 and a 52-week low of 36 cents.
Author of the article:
GlobeNewswire
Publishing date: Jan 19, 2021  â¢Â January 19, 2021  â¢Â 5 minute read  â¢Â
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TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) â Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold or the Company) is pleased to provide a summary of 2020 activities and accomplishments.
2020 Activities and Accomplishments
Doubling of Measured & Indicated Resources at the Buckreef Gold Project (the Buckreef Project) to 2.04 million ounces of gold and increased average grade by 15% to 1.77 grams per ton (gpt) from 1.54 gpt in the Measured & Indicated category. The Company also reported 635.5 thousand ounces of gold at 1.11 gpt in the Inferred Category, and exploration targets of between 1.2 million to 2.2 million ounces of gold. (See press release dated June 24, 2020.)
119,674 tonnes @ 1.19 g/t containing 4,579 oz of gold; 6,462 tonnes @ 2.88 g/t was crushed and 6,706 tonnes was milled with an average grade of 2.71 g/t; . | January 15, 2021
Option to acquire 20% interest in gold assets with 350,000oz of mineral resources
RGO is pleased to announce that it has entered into a conditional term sheet with Kodal Minerals plc ( Kodal ) to potentially acquire a 20% interest in Kodal s portfolio of gold assets in West Africa which range from early exploration to assets with mineral resources. This investment would enable RGO to provide its investors with more direct exposure to a broader range of alternative assets at valuations that are often lower than the levels available in the public markets.
RGO is expecting to invest up to US$1.25 million as part of an overall US$2.5 million funding package, arranged by RiverFort Global Capital Limited, for Kodal to fund the acquisition of the Fatou Gold project in Southern Mali (the Fatou Project ) and the development of Kodal s portfolio of gold assets.
Option to acquire 20% interest in gold assets with 350,000oz of mineral resources RGO is pleased to announce that it has entered into a conditional term sheet with Kodal Minerals plc ( Kodal ) to potentially acquire a 20% interest in Kodal s portfolio of gold assets in West Africa which range from early exploration to assets with mineral resources. This investment would enable RGO to provide its investors with more direct exposure to a broader range of alternative assets at valuations that are often lower than the levels available in the public markets. RGO is expecting to invest up to US$1.25 million as part of an overall US$2.5 million funding package, arranged by RiverFort Global Capital Limited, for Kodal to fund the acquisition of the Fatou Gold project in Southern Mali (the Fatou Project ) and the development of Kodal s portfolio of gold assets.