TRX Gold Corporation (AMEX:TRX) Q4 2022 Earnings Call Transcript

Stephen Mullowney: Yes, we can do that. But Andrew, do you have those numbers in front of you?

Andrew Cheatle: Stephen, unfortunately, I could not hear the question clearly. Could you please repeat it?

Stephen Mullowney: Yes. So the question Heiko was asking is if we can break out the data for the number of meters by area. And I think my correct math, if I’m wrong, that is in the Q4 management discussion and analysis as well?

Michael Leonard: Yes, it is Stephen. It’s broken down by meter in the MD&A, Heiko. Hopefully, that’s helpful.

Heiko Ihle: Okay. Or you can add enough for you.

Stephen Mullowney: Yes. And so Andrew

Heiko Ihle: But outlook wise, you have the outlook in the MD&A? Or just the actuals?

Stephen Mullowney: No, just the actuals and so I’d add —

Heiko Ihle: No, I was looking for the outlook. I’m looking for the outlook for €˜23.

Stephen Mullowney: 2023 outlook, okay. Yes, so Andrew, can you give Heiko, an overview of our outlook of where we’re going to focus on in next year?

Andrew Cheatle: Yes. And Heiko, I don’t have the specific budget numbers right in front of me, we can always talk about that later if you like. But in the very broder sense, the exploration program will continue to focus now on the ANfield to the Eastern Porphyry. So if you look at the map that’s in the presentation. From where we’re drilling at Anfield to where we’re drilling at Eastern Porphyry, again, let me just remind you that we’ve got 30 gram per tonne (ph) samples and some drilling going on at the Anfield, historical results at, let’s say, Eastern Porphyry, highlighted by 60 grams a tonne over three meters. Those two areas are separated by 700 meters of strike extent, which we believe to be perspective. And that’s where we’re going to focus.

And one of the reasons for that, is we want to focus on those targets that will bring us mineral resources and mineral reserves as quickly as possible. In a second order, it would then be to continue to drill underneath the South pit and to push along on the South extent. So rather drilling has gone as far as 200 meters to the South, we will report on that quite soon. I hope that gives you some sort of ranking and some sort of idea, yes.

Heiko Ihle: Very helpful.

Stephen Mullowney: We need to have the drill bit permit the result of this. But the theory would be is that there is a very good strike length among Anfield through to the Eastern Porphyry, which needs to be proved out.

Heiko Ihle: Yes. That’s — I think that’s

Andrew Cheatle: And simply put it. Yes, simple put it, obviously, it all ends up and you can all see that. But as we also all very well know, we’ve got to put the drill bit in to prove it up. And then thirdly is we continue to analyze the more recent extent. And we’ll be coming back there later in the year to do some further infill drilling on what we consider the preeminent areas of that area. And also you might just notice with a keen eye on the — just on the Western side of the main zone, you’ll see this little cluster of some good intersections that we’ve been quite pleased with what we’re seeing, what we call, a little footfall zone there. There will be sort of honing in on that smaller area, but it is very, very prospective. Thank you. But Stephen, back to you.