6-K 1 trec6k032306.htm NEWS RELEASE DATED MARCH 22, 2006 FG Filed By Filing Services Canada Inc. 403-717-3898

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:  March 22, 2006


Commission File Number 000-50634



TANZANIAN ROYALTY EXPLORATION CORPORATION

(Registrant's name)


93 Benton Hill Road

Sharon, CT  06069

 (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 as Exhibit 1 and incorporated by reference herein is the Registrant's News Release dated March 22, 2006.


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)



Date:   March 22, 2006

“James E. Sinclair”

James E. Sinclair, Chief Executive Officer

 



Exhibit 1

 

TANZANIAN ROYALTY EXPLORATION CORPORATION


Corporate Office:

93 Benton Hill Road
Sharon, CT  06069
Tel:  (860) 364-1830
Fax:  (860 364-0673

Form 20-F, File No. 0-50634
Trade Symbol:
TSX: TNX
AMEX: TRE
Vancouver Office:
Suite 1400 – 355 Burrard Street
Vancouver, B.C.  V6C 2G8
Toll Free: 1-800-811-3855
Tel: (604) 669-5598
Fax: (604) 669-8915
Email: investors@tanrange.com Website:  www.tanrange.com
News Release -  March 22, 2006

 

Tanzanian Royalty Reports More Encouraging Gold Results from Luhala Project


The remaining assay results from the Phase 4 Reverse Circulation (RC) drilling program on the Company’s Luhala Gold Project have been received and they confirm that two of its principal zones - Kisunge Central and Kisunge West - join up as predicted.


James E. Sinclair, Chairman and CEO of Tanzanian Royalty Exploration, describes the results as “extremely encouraging” and he notes that drilling has resumed at Luhala in order to confirm the distribution of gold values within the target area.


The primary objective of the current drill program is to define a drill indicated resource at Luhala, he said, adding that, “While more drilling remains to be carried out, we are encouraged by the potential to define a bulk minable gold deposit that could be developed in a cost effective and timely fashion.”


Sinclair also pointed out that within its peer group Tanzanian Royalty Exploration is undertaking one of the largest exploration programs on the African continent. “Utilizing our own drilling equipment and internally-developed exploration protocols including biogeochem, we are giving shareholders broad exposure to potential mineral discoveries in one of the most prolific gold belts in the world,” he said.


The Phase 4 drill program at Luhala was completed in February and included 40 RC holes representing some 2,519 metres of drilling. The holes were drilled from the Kisunge Central, West, Northeast and Southeast Zones. The Kisunge Central and West Zones now combine to form what is being called the Kisunge Central Zone which has been drilled on a 40 metre by 25 metre grid pattern.


One hole was drilled on the newly discovered Kiginga anomaly to determine the strike of the mineralization that was discovered during a Rotary Air Blast (RAB) drill program towards the end of 2005.



Drilling of the Kisunge East Zones has confirmed the presence of a higher grade zone of rocks that extends from the Kisunge Northeast Zone to west of the Kisunge Southeast Zone. These rocks form a steeply plunging anticlinorium, a regional fold (bend) structure that is composed of smaller folds. This whole zone is now referred to as the Kisunge Main Zone.


Mapping of one particular rock unit (chert) within this zone indicates a strike potential of approximately 1,200 metres with a steep (-85 degree) dip. The next phase of drilling will be directed at mapping this zone and determining the gold potential within it.


“We have plenty of targets to keep us busy and having our own drilling equipment and drill crew provides us with enormous flexibility in the field,” said the Company’s president, John Deane. “It’s a recipe for success that few other companies can match,” he added.


Significant results for Kisunge Central and Kisunge Main Zones are
summarized in the tables below. Because of the nature of such drilling techniques, it is not possible to determine the true width and orientation of the mineralized intersections reported in this release.


Kisunge Central Zone:



Hole No.

From

(metres)

To

(metres)

Intercept Length

(metres)

Gold

(grams/tonne)


Including

LRC-65

8

48

17

62

9

14

2.44

1.86

 

4m @ 3.27 g/t

LRC-69

3

30

12

39

9

9

1.20

1.01

 

1m @ 4.44 g/t

LRC-70

28

56

45

63

17

7

1.68

3.76

3m @ 3.72 g/t

4m @ 6.00 g/t

LRC-71

73

77

4

1.43

 

LRC-80

7

26

19

2.65

5m @ 5.18 g/t

LRC-81

8

30

22

2.15

5m @ 3.04 g/t

LRC-84

1

12

11

2.61

 

LRC-86

4

14

10

2.01

 

LRC-87

11

29

16

45

5

16

1.56

1.64

 

4m @ 3.88 g/t

LRC-90

9

12

3

1.57

 

LRC-94

1

12

11

2.82

 


Kisunge Main Zone:



Hole No.

From

(metres)

To

(metres)

Intercept Length

(metres)

Gold

(grams/tonne)


Including

LRC-62

9

21

12

4.40

7m @ 6.83 g/t

LRC-74

23

44

21

2.31

 

LRC-75

14

43

29

2.66

13m @ 3.79 g/t

LRC-76

4

19

15

1.46

5m @ 2.44 g/t

LRC-79

27

31

4

3.18

 

LRC-80

7

26

19

2.65

5m @ 5.18 g/t




LRC-81

8

30

22

2.15

5m @ 3.04 g/t

LRC-84

1

12

11

2.61

 


Kiginga Discovery


Further drilling is planned to determine the potential of the Kiginga Discovery where one RC hole returned the following result:


Kiginga Anomaly:



Hole No.

From

(metres)

To

(metres)

Intercept Length

(metres)

Gold

(grams/tonne)

LRC-77

39

42

3

1.30


Qualified Person


The Company's Qualified Person is Mr. John Deane, the President of Tanzanian Royalty Exploration Corporation Limited. He has an M.Sc. from the University of Cape Town (1993) and is a registered scientist with SACNASP (Reg. No.400005/05).

Analysis

Fire assay with flame AAS finish was conducted by SGS Laboratories in
Mwanza, Tanzania. Duplicates, Standards and Blanks were inserted in the
sample stream sent to SGS. The duplicates have a positive correlation
coefficient of 97.5%. In addition, 98% of the standards fall within the
acceptable (5%) margins of error. The majority of the blanks are all within
acceptable limits.


James E. 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 at http://www.sec.gov/edgar.shtml.

 



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