TRX Gold Attains 1 Million Working Hours Without A Lost Time Injury
TRX Gold Attains 1 Million Working Hours Without A Lost Time Injury
TORONTO, Nov. 23, 2022 -- TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company” or “TRX Gold”) is excited
to announce that the Buckreef Gold Project has reached one million working hours without a lost-time or recordable injury, a
clear reflection of the team’s focus and commitment to the health and safety of its members and consultants.
“At any one time at the Buckreef Gold Project, there can be well over 100 employees or more on site, with two shifts working a
24-hour, 7 day per week operation. The mine site workplace is home to employees, consultants and exploration drilling
partners STAMICO, all of whom I’d like to thank for their diligence and dedication,” remarks TRX Gold Chief Operating Officer
Andrew Cheatle.
Stephen Mullowney, TRX Gold Chief Executive Officer continues, “The health, safety and well-being of our employees and all of
those involved in making Buckreef Gold a success are core to our company’s business. A healthy and safe work force
translates into engagement and productivity.”
This remarkable achievement was attained within a 22-month period, guided by policies, practices and procedures that have
been adopted by the Company and introduced as early as an employee’s onboarding. Daily Health & Safety meetings are part
of the ritual, during which employees are invited to play an integral part of the program by observing, identifying, and reporting
any on-site situation that can be a potential hazard.
TRX Gold will continue to ensure the safety of all its employees and surrounding public and looks forward to continuing a
safety-first culture.
On-site Health & Safety Metrics Billboard – November 21, 2022
About TRX Gold Corporation
TRX Gold is rapidly advancing the Buckreef Gold Project. Anchored by a Mineral Resource published in May 2020, the project
currently hosts an NI 43-101 Measured and Indicated Mineral Resource of 35.88 MT at 1.77 g/t gold containing 2,036,280 oz of
gold and an Inferred Mineral Resource of 17.8 MT at 1.11 g/t gold for 635,540 oz of gold. The leadership team is focused on
creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow. The
positive cash flow will be utilized for exploratory drilling with the goal of increasing the current gold Resource base and
advancing the Sulphide Ore Project which represents 90% of current gold Resources. TRX Gold’s actions are led by the
highest ESG standards, evidenced by the relationships and programs that the Company has developed during its nearly two
decades of presence in Geita Region, Tanzania.
Investors
Christina Lalli
Vice President, Investor Relations
TRX Gold Corporation
+1-438-399-8665
www.TRXgold.com
Forward-Looking Statements
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking
statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects” and similar expressions. All
statements other than statements of historical fact, included in this news release are forward-looking statements that involve
risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions
used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause
actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on
any forward-looking information. Such information, although considered reasonable by management at the time of preparation,
may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements
contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained
in this news release are made as of the date of this news release and the Company will update or revise publicly any of the
included forward-looking statements as expressly required by applicable law.
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/614607e1-bff2-4538-9558-c84f548f27fb