In The News Today

Posted at 11:55 AM (CST) by & filed under General Editorial.

Bill Holter’s Commentary

This professor will be “cancelled” in…3,2,1!

Oxford Professor: Official Data Shows Face Masks “Made No Meaningful Difference” to Infection Rates
November 30, 2021

University of Oxford Professor Jim Naismith asserts that despite England dropping its mask mandate in July and Scotland keeping its rules in force, official data shows this “has made no meaningful difference” to infection rates.

Naismith goes on to argue that new face mask mandates imposed in England today are “unlikely to have much of an impact” in fighting off the spread of the Omicron variant.

Despite flatlining case numbers and declining deaths, partly achieved because England chose to lift lockdown restrictions in the summer unlike many European countries, mask mandates are once again back in force.

Face coverings are compulsory in shops, on public transport and numerous other venues arbitrarily chosen by the government.

Highlighting the absurdity of the rules, face masks are mandatory in takeaways but not restaurants, meaning you have to wear one if picking up a takeaway but not if you stay inside the restaurant for a sit down meal.


Bill Holter’s Commentary

Looks like we officially have a gold mine!

Significant Exploration Potential and Rapidly Growing Production
November 30, 2021

TanGold Reports Fourth Quarter and Year End 2021 Results

TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) — Tanzanian Gold Corporation (TSX:TNX) (NYSE American:TRX) (TanGold or the Company) today reported its results for the fourth quarter (“Q4 2021”) and year end 2021. Financial results will be available on the Company’s website on or before November 30, 2021.

Major Highlights Include:

    Significant Exploration Potential: Discovery of two new gold bearing shear zones in the Buckreef West and Anfield Zones. Assuming successful exploration results from ongoing diamond drilling, both new zones and the Buckreef Main Zone have the potential to significantly add to the 2.0 million ounces of gold in the measured and indicated mineral resources category and 0.6 million ounces of gold contained in inferred mineral resource category.

    Low Cost, High Return Production Expansions: The capital cost of the 360 tpd gold processing plant expansion was $1.6 million, which is expected to increase production to 750-800 ounces of gold per month1 at a total average Cash Cost2 of US$725-825/oz once steady state processing has been achieved. Assuming a gold price of US$1,750 per ounce, the project exhibits a quick capital payback and high operating return. The 1,000+ tpd expansion is estimated to have a capital cost of approximately US$4.0 million, with a targeted completion in calendar Q2/Q3 2022. The 360 tpd gold processing plant expansion was completed in-house in approximately 5 months, on-time and on-budget. 

    Improved Liquidity Profile: Recapitalization of the Balance Sheet and execution of low-cost, high return gold production expansion projects.

    De-risked Production: Achievement of +90% recovery rates in the gold (oxide) test plant.

    Simple Processing Technology: Preliminary metallurgical test work on the sulphide project indicates a straightforward flowsheet similar to the CIL plants currently in operation and at comparable gold recovery rates.