Peak Value of 4.0g/t Au in Auger
Within Broad 240m Wide Zone of Bedrock Gold
Anomalism
New Discovery with Potential
Strike Length of 1,800m
VANCOUVER, BC, Dec. 18, 2020 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSXV: TAJ) is excited to
announce preliminary, yet outstanding results from a small, single
line twelve hole, 25m spaced auger
programme sampling the top 2 metres of saprolite at the Epeius
Project. The program, tested the extrapolated strike extensions of
known gold mineralisation currently undergoing resource definition
drilling by Troy Resources Limited (ASX:TRY or 'Troy') at their
Goldstar Prospect where initial drill and trench results reported
to date demonstrate the potential for several sub parallel zones
with highlights that include: RC drilling:
6m @ 10.0g/t from 66m; 17m @
2.2g/t from 3m; 16m @ 1.0 g/t from 31m, 16m @ 1.7g/t
from 59m Trenches horizontal
at surface: 13m @ 3.3g/t;
8m @ 3.0g/t, 7m @ 2.9g/t; 10m @
1.0g/t; & 11m @ 1.5g/t.
![Tajiri Resources Corp. (CNW Group/Tajiri Resources Corp.) Tajiri Resources Corp. (CNW Group/Tajiri Resources Corp.)](https://mma.prnewswire.com/media/1389232/Tajiri_Resources_Corp__Tajiri_Samples_In_Situ__High_Grade_Gold_d.jpg)
The auger results reported today indicate potential for a
significant zone of gold mineralisation, within a small portion of
the Epeius Project, over a potential 1,800 metres of strike length
(see Figure 2). The zone of potential extends 1,150 metres
from the Project's southern boundary which is contiguous with the
Goldstar Prospect, through the auger holes and onward for
650m to the Project's northern boundary,where weaker but
persistent soil gold anomalism has been encountered by Troy.
The zone of gold anomalism outlined by the auger holes is ~230m
wide @ >40ppb and includes the following higher gold in
saprolite values of: 4,034 (4.03g/t), 702, 251, 276 & 113 ppb
Au. Auger Holes were drilled at depths between 4 to 7 metres
and the last two metres where saprock textures were visible
was sampled and assayed by 1kg, 24 hour cyanide leach with an
accelerant. The values are therefore in-situ bedrock values and the
width of the zone of gold anomalism which topographically lies at
the uppermost of a ridge that has not been substantially effected
by mechanical lateral dispersion – more typical of gold in soil
anomalies.
Mineralisation in this part of the Epeius Project is hosted by
early Proterozoic greenstones of the Barama Mazaruni Supergroup and
is associated with a NNW trending zone of regional shearing (the
Gem Creek Corridor), which extends for at least 20km strike and
which for most its known strike approximately follows the contact
of a geochemically distinct basalt which displays high magnesium
and chrome contents. This basalt has been identified by Troy
as the same unit which hosts the Smarts and Hicks deposits (15.5Mt
@ 2.3g/t of NI43-101 compliant M+I+I resources reported pre-mining
9th September 2014) nine
kilometres to the south.
Significantly, of the 1,150 metres of strike potential between
the Company's line of auger holes and Troy's resource drilling the
projected mineralisation is completely covered by alluvium for
600m of strike and partially covered
for 400m of strike. As such the
company's auger holes were located in the first area on strike from
Troy's Goldstar Prospect where a transect of the full width of the
mineralised trend projecting from Goldstar could be
tested. Furthermore, all creeks in near vicinity of the auger
holes have been worked repeatedly and extensively by artisanal
miners and the area where the potential mineralisation is
completely covered for 550m of
strike, immediately adjacent to Goldstar, is the upstream starting
point for a prodigious area of artisanal alluvial mining varying
between 200 and 800 metres width and extending downstream along the
flats of the West Kaburi and Kaburi Rivers for 15,000
metres. As such the scale of alluvial workings suggest
that the Goldstar Prospect and its indicated strike extensions
through the Epeius Project is a bedrock gold source of
considerable, but yet to be determined size.
When received, the Company considered the auger results worthy
of immediate follow-up and consequently an excavator commenced
trenching at Epeius, December
3rd 2020, along the line of auger holes and south
over a strike of ~400m along strike, across projected areas
of mineralisation where not covered by alluvium. To date
approximately 600 linear metres has been excavated in seven
trenches to a depth of ~ 4m to in
situ saprolite exhibiting bedrock and mappable textures.
First assay results from the trench programme are expected
within two weeks but examination of the trenches confirms several
potentially mineralised zones similar to gold mineralisation
described by Troy resources at Goldstar. These include
possible gold mineralisation at the contacts between the high MgO
basalt with small felsic intrusive bodies of (2-15m width) and with small dolerite bodies of
(4-12m width) within the High MgO
basalt. Potential gold mineralisation appears as both stock
works and shallow dipping vein sets within the felsic intrusive
bodies and dolerites and as highly oxidised, iron oxide rich "black
coated" often boudinage quartz veins within highly strained MgO
basalt. In particular, the peak 4.0g/t value from auger
drilling corresponds with a 4-12m
wide dolerite which exhibits a well-developed stockwork of 1-30cm
wide quartz-carbonate veins and the next highest value of 0.7g/t
was located within a fine grained felsic intrusive of approximately
8m width which exhibited well
developed NW striking, flat to 20 dipping quartz veins and minor
stockwork veining and veinlets. (see plates 1, 2 &
3)
Background
The Epeius Project, comprised of 9,300 hectares of tenements
granted for gold and precious metals is contiguous with the
Company's wholly owned Kaburi Project of 2,600 Ha. The
combined projects are located in Guyana South
America, 165km southwest of the country's capital
Georgetown and between 3.5 and 25
kilometres from the 1 Mtpa Karouni Mine Mill of Troy
resources. 35 km to the ESE lies the Omai gold mine which
produced 3.7Moz @ 1.3g/t. Results subject of today's announcement
are located 9 km north of the Karouni Mine Mill.
The Acquisition of the Epeius Project by execution of a binding
LOI was announced 24th June, 2020 and is pending share
approval at the Company's next AGM scheduled for 2nd
February, 2020. Sampling reported today has been undertaken as
part of the company's Due diligence on the Epeius Project.
The Chairman's Comments
Executive Chairman, Dominic
O'Sullivan observed: "Having worked extensively in and
around the Kaburi and Epeius Projects over the past 14 years and
having led the team which in part discovered and defined the two
principal deposits of the Karouni Mine, I can say the results
reported today present one of the better zones of saprolite gold
anomalism in the district comparable to those that were returned by
early saprolite auger drilling at the Smarts
Deposit.
We took a big jump along strike from recently discovered
mineralisation at Troy's Goldstar Prospect and results have come up
quite nicely for us right where the potential strike extensions of
the Goldstar Prospect were projected to be. It doesn't cost
much to hand drill and assay 12 auger holes but Bang there you go a
potential 1.2km mineralised zone demonstrated for a few thousand US
dollars.
The trenching program in progress should also prove a low-cost
way to further our understanding of mineralisation prior to
drilling, of which a substantial portion will be through shallow
alluvial cover.
We of course await the assay results of our trenches before we
can say with confidence we have a truly significant gold
mineralised zone, but I take early encouragement not only from the
auger results but from a recent announcement by Troy that they are
undertaking a 15 x 10 metre resource definition drilling program at
Goldstar over a 500m strike from our
boundary southwards ( 7th December, 2020) and have
already commenced construction of a haul road between Goldstar and
the Karouni Mill."
Qualified Person
The Qualified Person under National Instrument 43-101 -
Standards of Disclosure for Mineral Projects for this news
release is Dominic O'Sullivan a
geologist, member of the AusIMM, Executive Chairman of Tajiri
and who has reviewed and approved its contents.
On Behalf of the Board,
Tajiri Resources Corp.
Graham
Keevil,
President & CEO
About Tajiri
Tajiri Resources Corp. is a junior gold exploration and
development Company with exploration assets located in two of the
worlds least explored and highly prospective greenstone belts of
Burkina Faso, West Africa and Guyana, South
America. Lead by a team of industry professionals with a
combined 100 plus years experience the Company continues to
generate shareholder value through exploration.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to
revise or update such statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Tajiri Resources Corp.