SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
For the day of: February 22, 2008
Commission File Number 000-50634
TANZANIAN ROYALTY EXPLORATION CORPORATION
(Registrant's name)
404-1688 152nd Street
South Surrey, BC V4A 4N2
Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F P
Form 40-F ___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):__
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):__
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___
No P
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Attached hereto asExhibit 1 and incorporated by reference herein is the Registrant's News Release dated February 22, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Tanzanian Royalty Exploration Corporation
(Registrant)
James Sinclair
Date: February 22, 2008
James E. Sinclair, Chief Executive Officer
Exhibit 1
Connecticut Office:
Form 20-F, File No. 0-50634
93 Benton Hill Road
Trade Symbol:
Sharon, CT 06069
TSX:
TNX
Tel: (860) 364-1830
AMEX: TRE
Fax: (860) 364-0673
Vancouver Office:
Suite 404 – 1688 152nd Street
South Surrey, BC V4A 4N2
Toll Free: 1-800-811-3855
Email:
investors@TanzanianRoyaltyExploration.com
Tel: (604) 536-7873
Website: www.TanzanianRoyaltyExploration.com
Fax: (604) 536-2529
News Release February 22, 2008
Tanzanian Royalty Traces Gold-bearing Shear Zones Along Strike Length of 2.2 Kilometres at Kigosi Project in Tanzania
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:
Shear System | Shoot Name | No of RC holes | Length (m) | Width (m) | Thickness (m) | Grade (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 Main | Goshawk | 4 | 650 | 10 | 1-2 | 7.14 - 35.70 | Open to west |
Luhwaika West | Flamingo | 3 | 300 | 10 | 1 | 3.96 - 4.46 | Closed ? |
Luhwaika West | Pelican | 7 | 1000? | 10-30 | 1-2 | 2.77 - 16.46 | Open to west |
Luhwaika West | Albatross | 3 | ±250 | 10 | 1 | 4.63 - 20.30 | Open to west |
The shoots are separated by lower grade (<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 No | From (m) | To (m) | Intercept (m) | Gold 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
For further information, please contact Investor Relations at 1-800-811-3855
Visit our website: www.TanzanianRoyaltyExploration.com
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 athttp://www.sec.gov/edgar.shtml.
Certain information presented in this release may constitute “forward-looking statements” within the meaning of thePrivate 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.