– CANADA, Vancouver – Tanzanian Gold Corporation (TSX: TNX | NYSE: TRX) today announced Stephen Mullowney to its Board of Directors as CFO of Tanzanian Gold Corporation.
His appointment to the Board of Directors is pending the approval of the expansion of the Board of Directors at the 2021 Annual General Meeting.
“Stephen Mullowney is the epitome of a great mining executive and stalwart financial leader. Stephen has the background, experience, technical knowledge, and intrinsic know-how to lead our Company. He is the consummate high achiever who manifests successful results in every endeavor he undertakes. Stephen is esteemed for his ability to get things done, motivate others with an ever-present positive outlook, and goal-oriented successful results. His ability to understand interests from within and outside of corporations, sovereign, and business entities is a hallmark of his extensive career. Our Buckreef Project is becoming a world-class gold mine, and we need the best executives to lead us to that outcome. We heartily welcome Stephen as our new CEO and are thrilled, delighted, and deeply gratified to have him onboard.” said Executive Chairman, James Sinclair.
About Stephen Mullowney
Mr. Mullowney is a former Partner and Managing Director of PricewaterhouseCoopers LLP and PWC Canada’s mining deal leader. Stephen has an extensive mining background, working with miners, Governments, and institutional investors across the world and supporting them in making key strategic business, financing, and policy decisions. The breadth of Stephen’s background, skills, education, experience, and innate abilities allows him to see all sides of issues and consider all interests in framing and achieving amicable, successful, and profitable solutions to complex issues. He maintains relationships committed to trust and integrity in all of his interactions. Stephen brings highly qualified professional executive leadership to the Company, which is fresh and innovative, through a comprehensive understanding and state of the art knowledge of mining, together with dynamic financial prowess, and executive leadership in the mining industry.
“I am pleased and enthusiastic to join Tanzanian Gold Corporation as it moves from being a junior gold mining operation toward a large-scale commercial gold mining enterprise. I look forward to and welcome the opportunity to work with our corporate team, our strong technical team, and our Joint Venture partner, STAMICO. We have significant and profitable prospects and opportunities for our Company and Tanzania. I eagerly accept this leadership role and am purpose-driven to continue, grow, and assist in propelling the Company toward significantly greater success. I look forward to using my skills and abilities in the achievement of our goals for success.” said Stephen Mullowney, incoming CEO.
About Tanzanian Gold Corporation
Tanzanian Gold Corporation is building a significant gold project at the Buckreef site in Tanzania that is based on an expanded resource base and the treatment of its mineable reserves in two stand-alone plants. An ongoing drill program has, to date, more than doubled the size of Measured and Indicated Resources to 2.036 million ounces. Exploration mining targets determined following NI 43-101 have the potential to add up to another 2 million ounces. The Company commenced production from oxides in June 2020 at a new oxide plant and is now anticipating government approval for an expanded oxide plant to the level of 40tph.
For more information: https://www.tangoldcorp.com/
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