Tanzanian Gold to Attend the John Tumazos Very Independent Research LLC December 2021 Virtual Conference

Rhea-AI Summary

Tanzanian Gold Corporation (NYSE American: TRX) will present at the John Tumazos Very Independent Research LLC December 2021 Virtual Conference on December 7, 2021, from 1:30 PM to 2:30 PM EST. CEO Stephen Mullowney, COO Andrew Cheatle, and CFO Michael Leonard will discuss company developments. The live webcast can be accessed on the company's website, with a replay available afterwards. Tanzanian Gold is focused on its Buckreef gold project in Tanzania, with a measured resource of 1.28 million ounces and plans for expanding production to 15,000-20,000 ounces of gold per year.

TORONTO, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold or the Company)  announces that management will present in the John Tumazos Very Independent Research LLC December 2021 Virtual Conference. 

Stephen Mullowney, TanGold Chief Executive Officer, together with Andrew Cheatle (COO) and Michael Leonard (CFO) will participate in a virtual presentation and discussion with John Tumazos on Tuesday, December 7^th from 1:30 pm to 2:30 pm EST.

The webcast may be accessed through the Company’s website under the Investors/Events and Investors/Presentations pages.

Webcast link: https://attendee.gotowebinar.com/register/1339211078421324299

A replay of the presentation will be available following the live webcast using the same link.

About Tanzanian Gold Corporation
Tanzanian Gold Corporation along with its joint venture partner, STAMICO is building a significant gold project at Buckreef in Tanzania that is based on an expanded Mineral Resource base and the treatment of its mineable Mineral Reserves in two standalone plants. Measured Mineral Resource now stands at 19.98MT at 1.99g/t gold containing 1,281,161 ounces of gold and Indicated Mineral Resource now stand at 15.89MT at 1.48g/t gold containing 755,119 ounces of gold for a combined tonnage of 35.88MT at 1.77g/t gold containing 2,036,280 ounces of gold. The Buckreef Project also contains an Inferred Mineral Resource of 17.8MT at 1.11g/t gold for contained gold of 635,540 ounces of gold. The Company is actively investigating and assessing multiple exploration targets on its property. Please refer to the Company’s Updated Mineral Resources Estimate for Buckreef Gold Project, dated May 15, 2020, for more information.

Tanzanian Gold Corporation is advancing on three value-creation tracks:

1. Strengthening its balance sheet by expanding near-term production to 15,000 - 20,000 oz. of gold per year from the expanded 1,000+ tpd plant.
2. Advancing Sulphide Development that is substantially larger than previously modelled and targeting significant annual gold production.
3. Continuing with a drilling program to further test the potential of its property, Exploration Targets and Mineral Resource base by: (i) infill drilling to upgrade Mineral Resources currently in the Inferred category in Buckreef Main; (ii) step-out drilling in the northeast extension of Buckreef Main; (iii) infill drilling program of Buckreef West; (iv) develop exploration program for the newly discovered Anfield Zone; (v) upgrade historical resources at Bingwa and Tembo; (vi) identification of new prospects at Buckreef Gold Project and in the region.
   

For further information, please contact Michael Martin, Investor Relations, m.martin@tangoldcorp.com, 860-248-0999, or visit the Company website at www.tangoldcorp.com.

The Toronto Stock Exchange and NYSE American have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

U.S. Investors are urged to consider closely the disclosure in our SEC filings. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.

FAQ

When is Tanzanian Gold Corporation's presentation at the December 2021 Virtual Conference?

The presentation will take place on December 7, 2021, from 1:30 PM to 2:30 PM EST.

Who will represent Tanzanian Gold Corporation at the conference?

CEO Stephen Mullowney, COO Andrew Cheatle, and CFO Michael Leonard will represent the company.

How can I access the webcast for Tanzanian Gold Corporation's presentation?

The webcast can be accessed through the company's website under the Investors/Events section.

What mineral resources does Tanzanian Gold Corporation have at the Buckreef Project?

The Buckreef Project has a measured mineral resource of 1.28 million ounces of gold.

What are the production targets for Tanzanian Gold Corporation?

The company aims to produce 15,000 to 20,000 ounces of gold per year from its expanded plant.