06:32 AM EST, 11/12/2024 (MT Newswires) -- TRX Gold ( TRX ) on Tuesday said its new Stamford Bridge shear zone has been extended another 50 meters.

The company reported more "best drill results ever", on a gram x tonne x meters basis with hole BMDD315 intersecting 37 metres at 6.86 g/t Au (253.82 gtm) from 130 m. It noted this drill hole result is approximately 250 m east of the Buckreef Main Zone-host to Buckreef Gold's 2 million-plus ounce Au Mineral Resource and where current operations are ongoing in the Main Pit-and is located at the project's newly discovered Stamford Bridge Shear Zone.

TRX said this drill hole result follows the company's previous drill results, dated October 24, whereby the Ccmpany announced the discovery of a promising new gold mineralization shear zone, named the Stamford Bridge Zone, at which results are revealing geological characteristics and mineral alterations similar to that at Buckreef's Main Zone.

In the statement it added: "On the heels of this exciting new discovery, the Stamford Bridge shear zone has quickly become the company's exploration priority. An exploration program is underway to uncover the area's true gold mineralisation potential. Over the next few weeks, the Buckreef Gold team will be preparing for the kick-off of a geophysical survey campaign, which will focus on the Stamford Bridge trend line, as well as an area covering up to 500 meters to both the North and South sides of the trend line. Following the results of this campaign, a strategic drill campaign will resume on newly defined, high-priority targets."

TRX Gold ( TRX ) was down $0.01 at $0.50 on the TSX yesterday.