Buckreef Gold’s Main Zone Extended And Chased Toward The Surface - Seite 2

Additional exploration highlights to date

• Continued successful extension of known gold mineralization to the NE by a further 50 m to 300 m on a deposit containing 2.0 million ounces of gold in the Measured and Indicated Mineral Resources category in the Buckreef Main Zone (Figure 1 and Table 1).
• Ongoing Exploration: Buckreef Gold has now drilled to date 22 holes representing over 7,595 meters in the northeast extension of Buckreef Main Zone of its 10,000 meter drill program.
  • TRX has commenced the infill and extension drill program to: (i) upgrade Mineral Resources currently in the Inferred category at Buckreef Main;
  • TRX will additionally test and explore gold mineralization to the SW along the Main Zone trend beyond the historical South Pit; and
  • The Company has commenced infill drilling at Buckreef West and intends to commence exploration drilling at the newly discovered Anfield Zone and explore potential extensions of the Eastern Porphyry zone this year.
    

Table 1: Buckreef Main Zone North-East Extension (NEE) Assay Results (June – August 2022)

^{* See Notes Regarding Sample Protocol QA/QC}

Figure 1: Map Showing Mineralization Extension and Location of Drill Results at Buckreef Main Zone NEE

Qualified Person

Mr. Andrew Mark Cheatle, P.Geo., MBA, ARSM, is the Company’s Qualified Person under National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”) and has reviewed and assumes responsibility for the scientific and technical content in this press release.

* Notes Regarding Sample Protocol QA/QC

The sample chain of custody is managed by the Buckreef geology team on site. Reported results are from diamond drilled core samples. Intervals of core to be analyzed are split into half using a mechanized core cutter, with one half sent to the Laboratory for geochemical analysis and the remaining half kept in storage for future reference and uses. Diamond drilled core has been a HQ size and recoveries are consistently 100% across all drill holes intercept reported.

Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QAQC program involves insertion of duplicate samples, blanks and certified reference materials in the sample stream. Gold analyses are performed by standard fire assaying protocols using a 50-gram charge with atomic absorption (AAS) finish and a gravimetric finish performed for assays greater than 10 grams per tonne.