Tanzanian Royalty Traces Gold-bearing Shear Zones Along Strike Length of 2.2 Kilometres at Kigosi Project in Tanzania



    Trade Symbol:
    TSX: TNX
    AMEX:   TRE

    VANCOUVER, Feb. 22 /CNW/ - Tanzanian Royalty is pleased to announce that
all assay results have been received from the Phase 5 drilling program on its
Kigosi Gold Project.
    The Reverse Circulation (RC) drill program was completed in December 2007
and consisted of 64 holes aggregating 3,659 metres, bringing the total drilled
at Kigosi to 16,958 metres in 378 holes.
    According to Tanzanian Royalty President, John Deane, "The objective of
this fifth phase of drilling was to test the strike continuity of the Luhwaika
reef system to the southeast on two 200 metres-spaced lines, and to drill
infill holes down-dip and along strike of mineralization identified in
previous drilling in the northwest area."
    Drilling was conducted along nine control lines with a central baseline
having a strike length of 2.8 kilometres. Hole spacing was 30 metres, he
noted.
    The two shear zones hosting the high grade shoots have now been traced
along a strike length of 2.2 kilometres. Both structures are still open
towards the northwest and southeast. The gold bearing shoots within these
shear zones have strike lengths ranging from 100 to 1,300 metres and most of
them appear to be closing off to the northwest.

    
    Below is a summary of the shoot statistics:

    -------------------------------------------------------------------------
                         No of                   Thick-
    Shear         Shoot     RC   Length   Width   ness        Grade
    System         Name  holes      (m)     (m)    (m)        (g/t)  Comments
    -------------------------------------------------------------------------
    Luhwaika
     Main        Falcon      8   +/-850   10-20    1-2    2.59-8.83   Closed
    -------------------------------------------------------------------------
    Luhwaika
     Main      Bateleur     17  +/-1300   10-20    1-3  1.99-101.25   Closed
    -------------------------------------------------------------------------
    Luhwaika
     Main         Eagle      7      450   10-20    1-2    2.10-6.65   Closed
    -------------------------------------------------------------------------
    Luhwaika                                                         Open to
     Main       Goshawk      4      650      10    1-2   7.14-35.70     west
    -------------------------------------------------------------------------
    Luhwaika
     West      Flamingo      3      300      10      1    3.96-4.46   Closed?
    -------------------------------------------------------------------------
    Luhwaika                                                         Open to
     West       Pelican      7     1000?  10-30    1-2    2.77-16.46    west
    -------------------------------------------------------------------------
    Luhwaika                                                         Open to
     West     Albatross      3   +/-250      10      1    4.63-20.30    west
    -------------------------------------------------------------------------

    The shoots are separated by lower grade ((less than)2g/t) envelopes that
are between 10 and 30 metres wide along the plane of the shear zones.

    A summary of the Phase 5 drill highlights is presented below:

    -------------------------------------------------------------------------
    Hole         From    To    Intercept   Gold
    No            (m)    (m)         (m)    g/t       Including     Comments
    -------------------------------------------------------------------------
    Line 1510N
    -------------------------------------------------------------------------
    KG20RC-378    75     78           3    1.25   (*)1m@9.07    West Zone
                                                                    in shoot
    -------------------------------------------------------------------------
    Line 1750N
    -------------------------------------------------------------------------
    KG20RC-370    41     42           1    1.83                    West Zone
    -------------------------------------------------------------------------
    KG20RC-370    74     75           1    1.04                    West Zone
    -------------------------------------------------------------------------
    KG20RC-371    60     61           1    2.29                    New Zone?
    -------------------------------------------------------------------------
    KG20RC-371    80     81           1    2.21                    New Zone?
    -------------------------------------------------------------------------
    KG20RC-371    88     93           5    .053                    West Zone
    -------------------------------------------------------------------------
    KG20RC-372   101    104           3    1.82      1m@4.63    West Zone
                                                                    in shoot
    -------------------------------------------------------------------------
    KG20RC-373   118    119           1     1.0                    West Zone
    -------------------------------------------------------------------------
    Line 2550N
    -------------------------------------------------------------------------
    KG20RC-360     4      5           1    3.16                    gravel
    -------------------------------------------------------------------------
    KG20RC-360     8      9           1    4.85                    Main zone
                                                                    in shoot
    -------------------------------------------------------------------------
    KG20RC-361    17     19           2    1.29                    Main zone
    -------------------------------------------------------------------------
    KG20RC-363    39     41           2    0.89                    Main Zone
    -------------------------------------------------------------------------
    KG20RC-364    47     50           3    1.13       1m@2.11   Main zone
                                                                    in shoot
    -------------------------------------------------------------------------
    KG20RC-366    64     66           2    3.93       1m@7.24   Main zone
                                                                    in shoot
    -------------------------------------------------------------------------
    KG20RC-367    76     77           1    0.99                    Main Zone
    -------------------------------------------------------------------------
    Line 2650N
    -------------------------------------------------------------------------
    KG20RC-314    39     40           1    1.39                    West Zone
    -------------------------------------------------------------------------
    Line 2750N
    -------------------------------------------------------------------------
    KG20RC-341    15     17           2    1.13                    West Zone
    -------------------------------------------------------------------------
    Line 2850N
    -------------------------------------------------------------------------
    KG20RC-319    21     23           2    2.60                    West Zone
                                                                    in shoot
    -------------------------------------------------------------------------
               (*) Screen Fire Assay result on duplicate run.
    -------------------------------------------------------------------------

    The above intersections are estimated to be very close to true
    thicknesses with all the drill inclinations being -60 degrees and the dip
    of the reef being -22 degrees. All holes are drilled perpendicular to the
    assumed strike of the reef(s).
    

    The sixth phase of drilling will commence shortly once maintenance on the
Company's in-house rig has been completed. This phase will evaluate untested
artisanal mine workings some 150 metres to the north of the Luhwaika Main
Zone.
    These workings are sub-parallel to the Luhwaika Main Zone and have a
known strike length of 350 metres. Artisans have been mining a gravel zone in
this area that is hosted within laterite material, a heavily-weathered
subsoil. "This may well be the surface expression of a third shear structure,"
Deane suggested.
    The drilling will also target the down-dip and northwest extensions to
the Albatross Shoot. In addition, some in-fill drilling will also be
undertaken on the Main Zone.

    Analysis

    Fire assay with flame AAS finish was conducted by SGS Laboratories in
Mwanza. Duplicates and Standards were inserted in the sample stream
approximately every 20 samples. The duplicates have a correlation coefficient
of 84.6%, which is accounted for by the large nugget effect within the
sampling. 18% of the standards from SGS fall outside the acceptable 3rd
standard deviation. Due to this, to validate the assay results 95% of the high
gold samples were sent to Humac lab as a check. The Humac fire assay results
gave a 71% correlation with the SGS results. The figures used in this press
release are the average grades taken for between one and three duplicates run
by the labs on each analysis.

    Qualified Person

    The technical information contained in this document has been reviewed
and approved by John Deane, President, Tanzanian Royalty Exploration
Corporation Limited, a qualified person as defined by NI 43-101. He has an
M.Sc. from the University of Cape Town (1993) and is a registered scientist
with SACNASP (Reg. No.400005/05).

    Respectfully Submitted,

    "James Sinclair"
    James E. Sinclair
    Chairman and Chief Executive Officer

    The Toronto Stock Exchange and American Stock Exchange have not reviewed
    and do not accept responsibility for the adequacy or accuracy of this
    release

    Cautionary Note to U.S. Investors - The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. We use certain terms on this news release,
such as "measured", "indicated", and "inferred" "resources" that the SEC
guidelines strictly prohibit U.S. registered companies from including in their
filings with the SEC. U.S. Investors are urged to consider closely the
disclosure in our Form 20-F, File No. 0-50634, which may be secured from us,
or from the SEC's website at http://www.sec.gov/edgar.shtml.

    Certain information presented in this release may constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are based on
numerous assumptions, and involve known and unknown risks, uncertainties and
other factors, including risks inherent in mineral exploration and
development, which may cause the actual results, performance, or achievements
of the Company to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
statements. Investors are referred to our description of the risk factors
affecting the Company, as contained in our Form 20-F, File No. 0-50634, for a
more information concerning these risks, uncertainties, and other factors.




For further information:

For further information: Investor Relations at 1-800-811-3855; Visit our
website: www.TanzanianRoyaltyExploration.com

Organization Profile

TANZANIAN ROYALTY EXPLORATION CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890