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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (13069)	12/28/2009 4:25:59 PM
From: Wade	Read Replies (1) \| Respond to of 48092

The only revelent news is : finance.yahoo.com Press Release Source: Tanzanian Royalty Exploration Corporation On Tuesday December 22, 2009, 1:32 pm EST SOUTH SURREY, British Columbia--(BUSINESS WIRE)--Tanzanian Royalty is pleased to announce the $3.14 million private placement comprising 1,155,835 shares through two European investment funds has closed. Proceeds from the financing will be used for a bulk sampling program on the Company's Kigosi Gold Project in the Lake Victoria Goldfields of Tanzania where significant quantities of near surface, gold-bearing gravels have been indicated in several phases of RC drilling. Subject to favourable results from this sampling program, the Company will move the project to commercial production on a staged basis utilizing an expandable processing facility. Budgets for equipment purchases have been approved and the first equipment is scheduled to arrive on site at the end of January. “James Sinclair” James E. Sinclair Chairman and Chief Executive Officer For further information, please contact Investor Relations at 1-800-811-3855 Visit our website: www.TanzanianRoyaltyExploration.com I recall Jim Sinclair said in one of his recent radio interviews that they plan to go ahead to produce gold from their large surfce mining at Kigosi gold project. His reason was that they know there are plenty surface gold and easy for gold recovery. Then, they can use the profits to finance the rest of exploration that was the model use by Homestake in the past. It appears that the $3.14 million is the seed money for testing this concept from bulk sampling as the first step. I have bought enough of TRE lately so I will just take a ride with this interesting idea. We shall see.