Operational Updates 2017-05-23 Preparatory work for future mining has commenced

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Net1djm
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Operational Updates 2017-05-23 Preparatory work for future mining has commenced

#1 Post by Net1djm » Sat May 06, 2017 2:12 am


Operational Updates 2017-05-23
Note: Hold Ctrl and Press + to increase photo size to fill your PC's screen or Hold Ctrl and Press - to reduce. A few photos smaller than the rest.

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View of the plant

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View of Phase one surveyed area with marked flags.

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Ordinary maintenance work

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GPS Survey of the detour road is the 2017-05-17

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Clearing of Trees:thick bushes on the Buckreef Main Pit Phase 3 GC drill Area 2017-05-15

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Front End Loader removing tree that closed off the road to the water Dam 2017-05-15

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Clearing on the both sides of the Buckreef Airstrip using Village Group continues 2017-05-15

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Chain Saw crew sawing timber for social responsibility programs 2017-05-09

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Timber for making school desks 2017-05-09

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Busanda VEO in company of Buckreef team on Buckreef- Rwamagaza road detour sensitization tour 2017-05-09

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Survey Technicians assisting the Surveyor in the survey activities 2017-05-08

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The Surveyor continued with the Grade Control drillholes pickup activities 2017-05-08

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Cat D6R Dozer leveling rugged areas on cleared Buckreef Main Pit Phase 2 GC areas 2017-05-08

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Timber tree logs will be used for school desks 2017-05-04

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Phase 2 Grade Control drill Area continues to be cleared of Trees & Bush 2017-05-04

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Clearing of tree trunks and tree branches 2017-05-04

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Clearing work continued at the Main Pit 2017-04-08

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Dozer clearing more space on the crusher 2017-04-08

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Clearing of overgrown bush on the Plant-ROMPad Area 2017-04-08

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Visitors from Ministry (MEM) 2017-04-06

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Geita District Finance Committee visit to Buckreef 2017-04-06

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Shifting of Ore from the heap leach Pad #3 to the Crusher Pad 2017-04-06

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Buckreef Main Pit showing Grade Control Drilling Phases 2017-04-04

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Flagging the boundary 2017-04-04

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Clearing works continues at Buckreef Main Pit Area

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Pit Boundary Demarcation 2017-04-03

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Servicing Works on the Dozers 2017-04-03

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Demarcating by GPS boundary of the Buckreef Main Pit 2017-04-03

http://www.tanzanianroyalty.com/wp-cont ... elease.pdf
"News Release – March 30, 2017
TANZANIAN ROYALTY RESOURCES UPDATE
ON BUCKREEF DEVELOPMENT PROJECT
TORONTO, ONTARIO--(Marketwired March 30, 2017) - Tanzanian Royalty Exploration Corporation
(TSX:TNX)(NYSE MKT:TRX) (the "Company") announces that Mr. Jeffrey Duval, acting CEO, is pleased
to report that the preparatory work for future mining has commenced. Management decided to proceed with
the clearing process in preparation for pre stripping and grade control drilling to follow. Pre-stripping
operations exposes the area of the property where already identified mineralization exist. This process is
used to map out the grade location and maintain strict control throughout, and provides for accurate grade
selection.
Presently there are 7128 ounces of gold in storage for processing upon completion of the CIL module.
Though the gravity circuit is already installed the planned CIL/Gravity system will provide higher
recoveries.
Mr. Duval is starting this process now because even though our ore storage facility is full, as material is
processed it will be open space for more material to be processed.
It is the intention of the Company to ship the resulting dore bars, after royalty payments to Tanzania to its
refiner, Argor-Heraeus in Switzerland. It will be stored, more than likely, not sold but borrowed against for
cash flow necessities.
Mr. Sinclair, Executive Chairman, will manage the gold position in the market place pending sale. He was
considered in the 1968-1980 gold market as the largest world trader in gold. He has been named Mr. Gold in
many publications, some recently. His experience as a market maker for more than 30 years offers the
Company the option for the management of the gold position sales. This strategy replaces the normal, "mine
and sell as fast as possible", common to the industry. The rationale behind the intent to borrow against the
dore rather than to sell it is based on Mr. Sinclair's widely known assumption of future significantly higher
prices in the gold market. This is not without significant risk of the market place. The Company is willing to
assume this risk due to Mr. Sinclair's experience. It should be noted that past performance is no guarantee to
future performance. "

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