TRX Gold is rapidly advancing the Buckreef Gold Project. Anchored by a Mineral Resource published in May 2020*, the project currently hosts an NI43-101 Measured and Indicated Mineral Resource of 35.88 MT at 1.77 g/t gold containing 2,036,280 oz of gold and an Inferred Mineral Resource of 17.8 MT at 1.11g/t gold for 635,540 oz of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow. The positive cash flow will be utilized for exploratory drilling with the goal of increasing the current gold Resource base and advancing the Sulphide Ore Project which represents 90% of current gold Resources. TRX Gold’s actions are led by the highest ESG standards, evidenced by the relationships and programs that the Company has developed during its nearly two decades of presence in Geita Region, Tanzania.
Presentations
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July 17, 2023
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Bill Holter Commentary on TRX Gold
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Cautionary Note
* TRX Gold Corporation has taken all reasonable care in producing and publishing information contained in this press release. TRX Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this press release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise any information in this press release. Andrew M. Cheatle, P.Geo. is the Qualified Person as defined by the NI 43-101 who has reviewed and assumes responsibility for the technical content of this press release. The disclosure contained in this press release of a scientific or technical nature relating to the Company’s Buckreef Project has been summarized or extracted from the technical report entitled The “National Instrument 43-101 Independent Technical Report, Updated Mineral Resource Estimate for the Buckreef Gold Mine Project, Tanzania, East Africa For TRX Gold Corporation with an effective date (the “Effective Date”) of May 15, 2020 (the “2020 Technical Report”).
The 2020 Technical Report was prepared by or under the supervision Mr. Wenceslaus Kutekwatekwa (Mining Engineer, Mining and Project Management Consultant) BSc Hons (Mining Eng.), MBA, FSAIMM, of Virimai Projects, and, Dr Frank Crundwell, MBA, PhD, a Consulting Engineer each of whom is an independent Qualified Person as such term is defined in NI 43-101. The information contained herein is subject to all of the assumptions, qualifications and procedures set out in the 2020 Technical Report and reference should be made to the full details of the 2020 Technical Report which has been filed with the applicable regulatory authorities and is available on the Company’s profile at www.sedar.com. The Company did not complete any new work that would warrant reporting material changes in the previously reported Mineral Resource (“MRE”) and Mineral Reserve statements during the prior reporting period. The Company has engaged two globally recognized and respected mining consulting groups to undertake a comprehensive review of the MRE, and economic analysis which was previously conducted under the 2003 CIM code. This in turn follows significant infill and exploration drilling, plus other required technical work undertaken over the prior 18 months. This work is currently being undertaken to be compliant with the November 2019 CIM Code for the Valuation of Mineral Properties, which are different with respect to the 2003 guidelines. There can be no assurance that there will not be a change in the MRE and Mineral Reserve as disclosed in the 2020 Technical Report after such work has been updated (in accordance with the 2019 CIM code).
Note to U.S. Investors
US investors are advised that the mineral resource and mineral reserve estimated disclosed in this presentation have been calculated pursuant to Canadian standards which use terminology consistent with the requirements CRIRSCO reporting standards. For its fiscal year ending August 31, 2021, and thereafter, the Company will follow new SEC regulations which uses a CRIRSCO based template for mineral resources and mineral reserves, that includes definitions for inferred, indicated, and measured mineral resources.
Disclaimer
This is the official Webpage of TRX Gold Corporation and its subsidiaries (“TRX Gold” or ‘the Company’). Although considerable care has been taken in preparing and maintaining the information and materials contained on this Webpage, they are provided on an “as is” basis, without warranty of any kind, either express or implied, with respect to the accuracy or completeness of the information, including warranties of merchantability, non-infringement of intellectual property or fitness for any particular purpose. In no event shall TRX Gold be liable for any damages whatsoever (including, without limitation, damages due to loss of profits or business interruption) or due to the use of or inability to use the materials. The facts and information provided to users in the pages of this Webpage are for informational purposes only and TRX Gold assumes no responsibility for its completeness, accuracy and currency. Users should not rely on information on this Webpage for any purpose other than for gaining general knowledge of TRX Gold. Unless otherwise indicated, all information posted on this Webpage is current only as of the date of the document that contains the information, if indicated, or the date on which the document is posted, whichever is earlier. TRX Gold may at any time make changes to the information at this Webpage without prior notice. You should always ensure that you are referring to the most current information available on this Webpage. In using this Webpage, you agree that TRX Gold Corporation shall not be liable for any damages whatsoever (including indirect, incidental, special, punitive or consequential damages and loss of profits, opportunities or information) arising from (a) your use of or reliance on information contained on this Webpage; (b) any inaccuracy or omission in such information or failure to keep the information current; (c) use of any third party webpages linked or referred to in this Webpage; (d) any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data; (e) any Internet software used in connection with this Webpage or computer viruses or other destructive programs encountered as a result of using this Webpage; and (f) any other matter connected with the Webpage; even if TRX Gold is made aware of the possibility of such claims, damages or losses.
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