Tanzanian Royalty Announces Arrival of Gravity Plant at Kigosi Gold Project
18 June 2010 - 3:20AM
Business Wire
Tanzanian Royalty Exploration Corporation is pleased to announce
that a 20 ton per hour mobile gravity separation plant has arrived
at the Company’s Kigosi Gold Project in Tanzania. Initial testing
has confirmed the functionality of the plant and fine tuning will
take place over the next month to optimize performance and metal
recoveries.
According to Tanzanian Royalty Senior Vice President, Riaan Van
der Westhuizen, “Once the optimization process has been completed,
the bulk testing of surface gravels at Kigosi will begin in earnest
after which we expect to proceed to commercial production.”
More production modules have been ordered and these will be
added to the existing plant to increase gold output on a staged
basis, he added.
“We also expect to receive two demonstration plants from the
manufacturer that will be placed on the Company’s Lunguya property.
These will be used as exploratory tools to evaluate surface gravels
and the plants’ effectiveness for potential clients of the
manufacturer,” Van der Westhuizen said.
For additional information regarding developments at Kigosi
please visit the “Operational Updates” section on the Company’s
website at: www.tanzanianroyalty.com
“Joseph Kahama”Joseph KahamaPresident, Director
For further information, please
contact Investor Relations at 1-800-811-3855
Visit our website:
www.TanzanianRoyaltyExploration.com
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release
Cautionary Note to U.S. Investors - The United States
Securities and Exchange Commission limits disclosure for U.S.
reporting purposes to mineral deposits that a company can
economically and legally extract or produce. We use certain terms
on this news release, such as “reserves”, “resources”, “geologic
resources”, “proven”, “probable”, "measured", "indicated", or
"inferred" which may not be consistent with the reserve definitions
established by the SEC. U.S. Investors are urged to consider
closely the disclosure in our Form 20-F, File No. 001-32500.
You can review and obtain copies of these filings from the SEC's
website at http://www.sec.gov/edgar.shtml.
Certain information presented in this release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on numerous assumptions, and
involve known and unknown risks, uncertainties and other factors,
including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of
the Company to be materially different from any projected future
results, performance, or achievements expressed or implied by such
forward-looking statements. Investors are referred to our
description of the risk factors affecting the Company, as contained
in our Form 20-F, File No. 001-32500, for more information
concerning these risks, uncertainties, and other factors.
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