Tanzanian Gold Corporation announces the resignation of Ulrich Rath from the Company’s Board of Directors. We wish Mr. Rath tremendous success in his future endeavors.
Mr. Andrew Cheatle, another Director of the Company, has stepped into the role occupied by Mr. Rath and will lead the Company’s Technical Committee going forward.
James E. Sinclair
About Tanzanian Gold Corporation
TanGold 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. An ongoing drill program has, to date, more than doubled the size of Measured and Indicated Mineral Resources to include 2.04 million ounces of gold. Exploration Targets determined in accordance with NI 43-101 standards have the potential to add up to another 2.0 million ounces of gold (see press release dated June 24, 2020). The Company commenced initial test production from oxide ore in June 2020 at an oxide test plant and is now anticipating government approval for an expanded (oxide) plant.
TanGold is advancing on three value-creation tracks:
For further information, please contact Michael Martin, Investor Relations, firstname.lastname@example.org, 860-248-0999, or visit the Company website at www.tangoldcorp.com