TSX- and NYSE-listed Tanzanian Gold has reached commercial production at the oxide ore processing plant at its Buckreef project, which comprises a dormant gold mine and four prospects located in the north-central region of Tanzania.
The plant is now being operated in two 12-hour shifts a day.
Since April 6, when the company had its first bucket at the oxide openpit, the oxide ore has been stockpiled at a run-of-mine pad.
Construction of the plant ended on May 28 and the plant has now been successfully completed on both cold and hot commissioning.
Additionally, a public tender for an increase in the treatment capacity of the oxide gold processing plant was recently completed and Tanzanian Gold is now planning to start construction to increase the processing capacity of the oxide plant capacity by about 200% in the fourth quarter of this year.
Executive chairperson James Sinclair says Tanzanian Gold is “now well positioned to increase the production of gold significantly”, and to accelerate its final feasibility on bringing a second, much larger plant on line to produce more gold from processing the sulphide ore.