Tanzanian Royalty TRX announces the results of a Preliminary Economic Assessment for the Buckreef Project located in the Mwanza Provincial District, Tanzania. The results of the PEA are contained in a Technical Memorandum prepared by Venmyn Independent Projects which has reviewed and approved the contents of this press release.
The Company plans to file a National Instrument 43-101 compliant Independent Technical Report on the PEA results within 45 days. The Board of Directors has approved the PEA and has directed management to proceed to a pre-feasibility study. All references herein to “$” are United States dollars.
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