AMN - TANZANIA: Force majeure at Buckreef halts plant

Tanzanian Royalty Exploration Corp reports on its CIL gold recovery plant installation at Buckreef. During its period of force majeure, the company was unable to perform many functions.

It said in a release: “Although we were unable to mine and process our gold-bearing material, we were not at a complete standstill. We were able to perform the functions which could be safely undertaken and protected by our security services. During the time out, we began installation of the gravity recovery component of the future CIL plant. The gravity circuit was tested by processing three different ore types; sulphide, transition and oxide. This testing is to insure that the crushers are set up to effectively process the ore types to the required size and to identify any issues that might need correction or recalibration.

“Once the material has passed the crushers it will then report to the scrubber where it will be turned into a slurry prior to actual gold recoveries using a simple concentrator and shaking table. This will serve to establish a benchmark of free recoverable gold. Samples of each gold-bearing material type will be taken and submitted to Mintech Lab in Mwanza to establish the grade of the material tested. As we are able to resume our processing functions now, we will be able to proceed with the new CIL plant without any significant delay as we make the conversion from our former Carbon in Column (CIC) plant to the new plant.

“As we complete our testing phase of the gravity recovery component, all indications are that we will have the potential to begin generating steady cash flow.

“Currently, our plan is to implement the second phase of the CIL expansion from treasury. With the completion of the entire gravity/CIL plant we anticipate experiencing significantly faster production with substantially improved overall rates of recovery. The shorter processing time will be very advantageous and very importantly, the plant will be an environmentally safer and a more responsible solution in our gold processing.”

The Buckreef project is in north-central Tanzania immediately to the south of Lake Victoria and 110km southwest of Mwanza. Access to Buckreef is by ferry across Smiths Sound and then via unpaved roads and an onsite airstrip. The project area comprises the Buckreef gold mine and four prospects with known mineralization: Buckreef, Buziba, Tembo and Bingwa.

The following table details the resources that occur within the four principal deposits in the Buckreef project area.

www.TanzanianRoyalty.com

News courtesy of International Mining