Buckreef Gold Exploration

TRX Gold's business strategy is to utilize cash flow generated from production at its Buckreef Gold Project, in pursuing value-accreditive activities such as exploration, infill and expansion drilling. The Company’s goal is to discover new resources and to convert resources to gold reserves, by:

  1. step-out drilling in the northeast extension of Buckreef Main;
  2. infill drilling to upgrade Mineral Resources currently in the Inferred category in Buckreef Main
  3. infill drilling at Buckreef West
  4. developing an exploration program for the newly discovered Anfield Zone
  5. upgrading historical mineral resources at Bingwa and Tembo
  6. identifying new prospects at Buckreef Gold Project, and in the East African region.

gold exploration


The Company drilled over 22,000 meters at Buckreef Gold including infill drilling, step-out drilling and grade control drilling. During the year ended August 31, 2022, Buckreef Gold reported an extension of the Buckreef Main Zone by 300 meters (m) (increasing the strike length of the Buckreef Main Zone to 2.0 kilometers) and reported positive assay results from the northeast step-out drilling program on the Buckreef Gold Main Zone.

The results are positive and significant for the Company as they demonstrate:

  1. good width and grade of mineralization consistent with the Buckreef Main Zone
  2. successful step-out extending the strike length of known mineralization
  3. gold mineralization open to NE and at depths to 250-300m, consistent with the Buckreef Main Zone
  4. the immense opportunity to generate and drill significant exploration targets to expand the scale and scope of the Buckreef Gold project.

Highlights include, select intercepts:

  • Hole BMDD246 intersected 12.27 m grading @ 1.90 g/t Au from 191.7 m, on northernmost section line. Deposit is open to north and up-dip towards surface.
  • Hole BMDD244 intersected 4.50 m grading @ 1.96 g/t Au from 129.5 m.
  • Hole BMDD243 intersected 7.46 m grading @ 1.76 g/t Au from 101.5 m.
  • Hole BMDD233 intersected 19.5 m grading @ 2.35 g/t Au from 203.0m, including: (i) 6.0 m grading @ 6.27 g/t Au at 215.0m; and (ii) 39.4 m grading @ 2.19 g/t from 361.9m.
  • Hole BMDD228 intersected 25.5 m grading @ 1.01 g/t Au from 348.5 m; and
  • Hole BMDD236 intersected 28.0 m grading @ 3.27 g/t Au from 299.0 m, including 7.05 m grading @ 7.22 g/t Au at 300.0 m.

gold exploration

Expansion of Exploration Program into 2023

Buckreef Gold has drilled 22 holes to date representing over 7,592 meters in the NE extension of Buckreef Main Zone and has added an additional drill rig to expand the exploration program. Buckreef Gold has finalized the planning for an infill and extension drill program to: (i) upgrade Mineral Resources currently in the Inferred category in Buckreef Gold Main Zone, and (ii) commence infill drilling at Buckreef West. This program has commenced, and during the year Buckreef Gold completed an infill drill program at the Main Zone of 16 drill holes representing 3,695 meters. Assay results from this program are pending.

The Company has also commenced exploration drilling to the south of the Main Zone, where the drill rig is now active approximately 250 meters beyond the historical South Pit. During Q4 2022, the Company explored under the South Pit and tested the South Zone extension with 24 drill holes representing 4,255 meters. Results from both programs are pending.

Subsequent to year-end, the Company commenced exploration drilling at the Anfield Zone, where the drill rig is now active with 9 drill holes representing 1,650 meters. Assay results from this program are pending. This exploration program combined with the extension of the Buckreef Main Zone is expected to expand the scope and scale of the Buckreef Gold Project.

2021 Gold Exploration

Buckreef West Gold Discovery

The Company announced the discovery of Buckreef West, which lies in close proximity to the Buckreef Main Zone, defining a near vertical shear zone, over a strike length of 400 meters (“m”), with interpreted gold mineralization shallowly plunging to the northeast. The mineralized zone remains open to the south and at depth. Highlights include:

  • Shallow depth: All reported intercepts are at shallow depth on a well-defined structure which is interpreted as a splay off the Buckreef Main Zone
  • Open at depth and along strike: Over 400m of strike length has been drilled to date and the deposit remains open at depth and along strike in both directions
  • Select intercepts:
    • BWDD017 intersected 4.57m @ 6.4 g/t Au from 44.9m
    • BWDD015, on the same line as Hole BWDD017, had two intersections: 2.18m @ 1.24 g/t Au from 86.9m and (ii) 2.49m @1.3 g/t Au from 105.1m
    • Hole BWDD012 intersected 5.57m @ 4.95 g/t Au from 98.4m and 4.0m @ 2.19 g/t Au from 92.0m
    • BWDD013, on the same line as Hole BWDD012 intersected 1.5m @ 2.2 g/t Au from 59.5m
    • BWDD0018 intersected 7.0m @ 2.03 g/t Au from 44.0m and 3.85m @ 2.86 g/t from 56.0m
    • BWDD0031 intersected 2.5m @ 7.29 g/t Au from 46.1m

gold exploration

Anfield Zone Gold Discovery

The Company announced a new discovery of three closely spaced parallel, gold bearing structures at Buckreef, collectively now known as the Anfield Zone. Follow-up field work and diamond drilling is Currently being planned. Highlights include:

  • The new prospective gold mineralized zones, totaling a combined 2.9-kilometer (km) strike length were identified through geological (field) mapping, sampling and examination of artisanal workings. Collectively, they have been named the Anfield Zone
  • Grab samples of mineralized bed (fresh) rock have been assayed, with highlights of:
    • 37.52 g/t
    • 28.55 g/t
    • 14.42 g/t
  • Located approximately 500m to the east of the Buckreef Main Zone
  • Aligns with and trends towards the Eastern Porphyry Mineral Resource

gold exploration