TRX Gold Corporation TRX

$TRX
Holding !!! Only Up !!!

$TRX
As a proxy also look at FCX
Freeport M also taking a hit? It’s a great company

$TRX
It’s not going out of business
Partially government entity
Will get a bailout or no interest loan by
Multilateral banks - when ready

Social equity is getting directly impacted.
CEO can leverage

$TRX
So data is in and positive!

Market wants production! NOW!!!

They had to produce data or boring reports to legitimize - still thinking it’s an acquisition target

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From SEC

New Gold Zone Discovery at Buckreef Gold ? 2.9 km Strike Length

FOR IMMEDIATE RELEASE ? June 21st, 2021

TORONTO, June 21st, 2021 (GLOBE NEWSWIRE) - Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold or the Company) (operating through its wholly owned subsidiary in Tanzania) and its joint venture partner, The State Mining Company (STAMICO), announces that it has made a new discovery of three closely spaced parallel, gold bearing structures at the Buckreef Gold Company Limited?s (Buckreef Gold) project, collectively now known as the Anfield Zone.

Highlights:
The new prospective gold mineralized zones, totaling a combined 2.9 kilometer (km) strike length were identified through geological (field) mapping, sampling and examination of artisanal workings. Collectively, they have been named the Anfield Zone (see next pages for maps).

Grab samples of mineralized bed (fresh) rock have been assayed, with highlights of:

37.52 g/t, 28.55 g/t and 14.42 g/t.

Located approximately 500 meters (m) to the east of the Buckreef Gold Main Zone.
Aligns with and trends towards the Eastern Porphyry Mineral Resource.

Follow-up field work and diamond drilling planned for 2021 and 2022.

Mr. Stephen Mullowney, CEO (TanGold) commented, As part of the new management teams continued in- depth assessment of the Buckreef Gold asset and empowerment of local management, we continue to be excited by the greenfield exploration potential of the Buckreef Gold land package. Along with the announced Buckreef West discovery (see press release dated May 3rd, 2021), the Anfield Zone is our second new discovery in less than 2 months. Combined with the positive metallurgical results (see press release dated June 9th, 2021), in conjunction with the Buckreef Gold Main Zone, these discoveries provide us with continued confidence that Buckreef Gold will develop into a significant gold producing asset.?

Mr. Andrew Cheatle, COO (TanGold) added, I am thrilled with the work of the Buckreef Gold Team, who were keen to get their boots out on the ground? and explore targets and generate new ones; this has resulted in the discovery of the Anfield Zone 2.9 km of prospective trend. We will be drilling the new target as soon as practicable.?

Figure 1: Artisanal Mine Shaft Sample - Assayed at 28.55 g/t

Figure 2: Anfield Zone in Relation to Buckreef Gold Main Zone, Buckreef West & Eastern Porphyry (White Dots Represent Artisanal Mine Workings ? See Figure 4 for Legend)

Picture 5

Further Details on the Anfield Zone Discovery

Buckreef Golds Geological Team have made a significant gold discovery to the east of, and parallel to the Buckreef Gold Main Zone (The Main Zone Mineral Resource contains 35.88 MT @ 1.77 g/t, containing 2.04 M oz in the Measured and Indicated Mineral Resource category). The discovery has been made through field / geological mapping of outcrops and scattered artisanal workings, with care being taken to differentiate between fresh rock mining and alluvial mining. Mapping was undertaken from March 2021 through to June 2021. The fresh rock samples, obtained from a deeper artisanal mine shaft, have all the hallmark characteristics of mineralization associated with the Main Zone.

Multiple artisanal shafts have been mapped, most of which are currently flooded. From this mapping, three distinct mineralized zones all aligning with local mine scale shear fabric have been interpreted. The Anfield Zone is parallel to and is located approximately 500 m to the east of the Buckreef Gold Main Zone. Further, the trend aligns with the Eastern Porphyry Mineral Resource. (Measured and Indicated MR or 1.1MT @ 1.18 g/t containing 41.7 k oz of gold, and an Inferred Mineral Resource of 1.24 MT @ 1.39 g/t containing 55.38 k oz of gold).

The early-stage observation of the Anfield Zone geology is that it is characterized by mafic units composed of dolerite and basalt, intruded by NE-SW trending felsic porphyry units. East-west and northeast-southwest structures are prominent across the Anfield Zone. By comparison, the Buckreef Gold Main Zone is described as a shear zone hosted gold deposit within a sequence of mafic basalts and dolerites, near basement granite. The host rocks at the Buckreef Gold deposit comprise primarily pillowed, amygdaloidal and massive mafic meta-volcanic rocks which have been intruded by medium to coarse grained dolerite sills and dykes. Further geological work and diamond drilling will continue to examine the similarities (and differences) between the two closely spaced zones.

Initial grab samples were collected from the Anfield Zone, specifically where a deeper shaft had been sunk by artisanal miners. Full assay results are shown in the table below:

Picture 1

A second sampling campaign of grab samples was also undertaken in June 2021 to verify the initial high-grade results. Full assay results are shown in the table below:

Picture 1

$TRX
Holding, adding, loading !!!

$TRX
It’s an acquisition target. Small cap investment will yield huge returns
A buyer will also get a 100%kick from the shorts Squeezing

$TRX
I’ve added
Will not sell until it’s 10
Management has permits - Just kicking off production now. This is an acquisition target if ever - now that permits and Environmental are out of the way. They need a big guy to step in and ramp up process

$TRX
Shorts sweating - squeeze !!!
Hold ! Hold !
Inflation here - gold and commodities are the safe harbor.
Let’s see .70 this week

$TRX
Gold a semi precious metals!!!
Material shortage everywhere
With production ramping up.
This is an acquisition target.

$TRX
Supporting
It will go to .70
I’m backfilling with dips have 60k now
Wait until BArrick buys them For a 1.50 or they give us GOLD shares 10 to 1.

Balance sheet getting cleaned up now. Then ?