Tanzanian Royalty Exploration Corporation has reported additional high grade assay results from the ongoing reverse circulation and diamond drilling program at its Buckreef Gold Project in the Lake Victoria Goldfields of Tanzania.
Several deep holes were drilled in the vertical to sub-vertical Buckreef Main ore shoot by previous operators, some of which extended up to 400m down-dip in depth. Most of these holes serve to define existing resources in the Inferred resource category.
The currently planned down dip test holes are intended to upgrade some of the Inferred resource at Buckreef to the Indicated category.
Approximately 10 more holes remain to be drilled at Buckreef Main to test the zone’s down dip potential which ranges in depth from 200m to 400m. The zone appears to increase in thickness at depth, with high grade gold values reported in several intercepts.
Holes BMDD109 and BMDD 110 are specifically intended to test this depth potential. The holes above are estimated to be approximately 60% of true width.
The drilling on the Buckreef Footwall and Hanging Wall zones is expected to increase pit wall limits and increase resources all of which will be inputted into the Definitive Feasibility Study.