Tanzanian Gold Corporation has announced that gold production has reached commercial level at the oxide ore processing plant at the Buckreef Project.
The first bucket at the oxide open pit was on April 6, 2020. Since then oxide ore has been stockpiled at a ROM pad. Construction of the plant ended on May 28, 2020. The plant successfully completed both cold and hot commissioning and has now reached commercial production and is being operated 24/7 under two 12-hour operating shifts per day
A public tender for an increase in the treatment capacity of the oxide gold processing plant was recently completed. The Company is planning to start construction to increase the processing capacity of the oxide plant capacity by approximately 200% in the fourth quarter of this year.
According to James E. Sinclair, Executive Chairman at Tanzanian Gold Corporation, they have achieved an important milestone in their gold production growth plan. “We are now well-positioned to increase the production of gold significantly; and to accelerate our final feasibility on bringing a second, much larger plant on-line to produce more gold from processing the sulphide ore,” he added.
A public tender for an increase in the treatment capacity of the oxide gold processing plant was recently completed. The Company is planning to start construction to increase the processing capacity of the oxide plant capacity by approximately 200% in the fourth quarter of this year.
Read: Tanzania: PwC to assist project financing for gold mining at Buckreef
About Tanzanian Gold Corporation
Tanzanian Gold Corporation is building a world class gold mine at the Buckreef Project in Tanzania.
An ongoing drill program has, to date, more than doubled the size of measured and indicated
resources to 2.036 million oz. NI 43-101 compliant exploration mining targets have the potential to
add up to another 2 million ounces.
