Exploration Target Clarification

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Tanzanian Gold Corporation (TSX: TNX) (NYSE American: TRX) (TanGold or the Company) announces that, as a result of a review by the British Columbia Securities Commission we are issuing the following news to clarify our disclosure. Certain of the Companya??s press releases disseminated between June 17, 2020 and January 8, 2021 included disclosure of exploration targets in the a??About Tanzanian Gold Corporationa?? section.
The disclosure should be replaced with:Exploration Targets
(see June 23rd, 2020 press release)

Target Area

Tonnage (millions)

Grade (g/t Au)

Northest Extension

4.0 a?? 6.0

1.40 a?? 2.50

Main Zone

25.0 a?? 35.0

1.30 a?? 1.50

It should be noted that the potential quantity and grade of these Exploration Targets is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource as per the NI 43-101 reporting standards. The Exploration Targets include 5 isolated drill holes and assume projections of mineralized structures to deep levels as well as an extension of the Northeast Zone and are based on a continuation of favourable geological conditions that host mineralized structures which have been encountered in shallower drilling of Phase II to deep levels below the limits of the current wireframes used in the estimation of the new resources described herein.About Tanzanian Gold Corporation
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