TAJ.V · 2020-12-08 12:00:00

30.9g/t Au in Maiden Drill Program at the Morley Prospect, Reo Gold Project, Burkina Faso New Orientation Model Confirmed. Potential to Greatly Expand Morley Opens

Drill Results

Tajiri Drills 11m @ 8.6g/t Au including 3m @

30.9g/t Au in Maiden Drill Program at the

Morley Prospect, Reo Gold Project, Burkina

Faso

New Orientation Model Confirmed.

Potential to Greatly Expand Morley Opens

VANCOUVER, BC

Dec 8, 2020

/CNW/ -

Tajiri Resources Corp.

(the "Company") (TSXV: TAJ) is

delighted to report initial results from first pass RC drilling at the Morley Prospect situated within the

Company's 1,162km

Reo Gold Project, located at the confluence of the prolific Hounde, Boromo

and Goren Greenstone Belts,

Burkina Faso

(

Figure 1

). The shallow, 23 hole program intercepted

consistent gold mineralization including:

•

3m @ 30.9g/t

from 24m;

within 11m @ 8.6g/t from 20m;

MTRC0022

•

1m @ 18.0 g/t

from 17m;

within 13m @ 1.9g/t from 15m;

MTRC004

•

1m @ 17.0g/t

from 51m;

MTRC0015

•

2m @ 11.8g/t

from 31m;

MTRC0011

•

2m @ 11.3g/t

from 32m;

within 17m @ 1.6g/t from 18m;

MTRC0014

•

1m @ 4.3g/t

from 41m;

within 5m @ 1.7g/t from 39m

MTRC0014

•

1m @ 10.8g/t

from 75m;

within 6m @ 2.7g/t from 75m;

MTRC005

•

2m @ 7.5g/t

from 34m;

within 7m @ 2.7g/t from 30m;

MTRC005

•

1m @ 8.9g/t

from 64m;

within 10m @ 1.2g/t from 60m;

MTRC0020

•

2m @ 4.6g/t

from 55m;

within 8m @ 1.3g/t from 51m;

MTRC006

•

2m @ 4.8g/t

from 59m;

within19m @ 1.3g/t from 59m;

MTRC009

•

1m @ 4.2g/t

from 82m;

MTRC007

Results of all drill holes are given in the Table at the end of this document and shown in Figure 2.

The results reported today are the product of a drill program designed as a first test of Tajiri's new

model for the orientation of mineralisation at Morley. These results, when combined with historic drill

intersections, largely confirm the new model and opens new and hitherto sparsely to completely

unexplored strike and dip directions to expand

Morley

. Historic results include:

•

8m @ 54.2g/t

from 16m;

within 32m @ 17.4g/t from 4m;

KRAC128

•

4m @ 57.8g/t

from 8m;

within 16m @ 14.8g/t from 2m;

KRAB008

•

4m @ 15.6g/t

from 78m;

within 14m @ 6.9g/t from 70m;

MRRC005

•

1m @ 75.5g/t

from 33m;

within 18m @ 5.5 g/t from 33m;

MRRC040

•

2m @ 15.1g/t

from 24m; &

1m @ 11.6g/t

from 47m; &

2m @ 5.3g/t

from 18m; &

1m @ 5.1g/t

from 33m;

1m @ 5.8g/t

from 44m

within 40m @ 2.6g/t from 8m;

KRAC011

•

8m @ 9.3g/t

from 16m; &

2m @ 8.3g/t

from 8m;

within 30m @ 2.7g/t from 8m;

KRC022

•

2m @ 15.6g/t

from 42m; &

2m@ 7.1g/t

from 14m; &

2m @7.0g/t

from 24m; &

2m @ 4.9g/t

from 36m;

within 42m @ 2.1g/t from 8m;

KRC020

•

1m @ 32.5g/t

from 17m;

within 25m @ 1.9g/t from 14m;

MRRC001

•

2m@ 11.1g/t

from 0m;

within 11m @ 2.9g/t from 0m;

KDH003

•

1m @ 21.9g/t

from 36m;

within 21m @ 1.8g/t from 29m;

MRRC002

•

2m @ 10.3g/t

from 58m;

within 8m @ 2.8g/t from 58m;

KRC044

________________________________

All historic intercepts are from drilling at a variety of azimuths and dips to mineralisation and individual intersections may not be representative of true widths and may vary ~

20 to 80% from true width. New results are interpreted as being within 80-90% of true widths.

Summary

Tajiri's maiden drill program, importantly, confirms a new orientation model for gold

mineralisation at

Morley

which is situated in a belt scale deformed granite and lies within

800m

of the northern and

1,000m

of the western granite-greenstone contact (

Figure 1

Exploration at

Morley

is still at an early stage- historically it has returned high grades from drill

holes over widths that make it a high priority target but a coherent model of the orientations and

structural controls of mineralisation was never previously established.

Our drilling shows the main mineralised zone at

Morley

has a WNW strike and dips -50˚

northeast. Strike is subparallel to a set of crosscutting shear zones which occur over a width of

about 2km at

Morley

and are axial to a major 40˚ flexure in the strike of the granite-greenstone

belt from ENE to NNE (

Figure 6

Most Importantly confirmation of the new model opens-up on strike and down dip

potential into very sparsely explored or totally unexplored areas both immediately and

further along strike (

Figures 4,5 & 6

A very favourable target is now in play:

only

1,000m

WNW along strike, the "

Morley

structure" cross cuts the ENE trending sheared granite-greenstone contact of the

Morley

host

granite. Empirically, granite-greenstone contacts are a favoured location for high grade gold

deposits in Burkina such as M1 South, Siou and Yaramoko (

Figure 6

This target area is under alluvial cover and has never been sampled and represents a first order

opportunity for Tajiri.

Morley

mineralisation presents as high-grade narrower veins within broader halos of low-

grade sericite + carbonate +/- pyrite shearing. It is expected that veins may have an orientation

oblique to shearing and there may be at least two sets (

Figure 3

While drilling has broadly confirmed the strike and dip of the model it requires further work on

the details to explain grade and thickness variations within the mineralised zones. This is likely

the influence of a second structural direction on vein set orientation within the shear zones

and/or the presence of intersections with other structures of different orientations.

Several lines of evidence point to the second structural control being either NNE or ENE with a

likely 50˚-60˚ north dip. Strike of the second structural control is therefore subparallel to the

major belt scale shear zones in the area.

Balance of evidence suggests the high-grade intersections returned in

KRAC128 (

54.2g/t)

and

MTRC 022 (

@ 30.9g/t)

, which we drilled as a scissor hole, are from a NNE

striking vein which dips 50˚ to 60˚ to the west or it is the intersection of ENE and NNE vein sets

with ~50˚ degree dips to the west. ENE strike projections of this vein have been adequately

tested by historic drilling but not NNE directions as most N-S oriented RC drillholes are

subparallel to this direction. Significantly this vein in RC chips appears to have a different

character to those of other vein zones drilled during the program appearing to be more of a

laminated style.

Historic close spaced (

50m

) auger drilling to sample top of saprolite in the immediate

vicinity of the Prospect confirmed WNW, as well as NNE and ENE trends as anomalous and the

close spaced auger anomaly remains open in all of those directions (

Figure 4

Historic scout drilling oriented on NW-SE lines, intersected thin or low-grade mineralisation on

ENE and possibly NNE trends (

Figure 4)

There is a good potential for

Morley

to be a stacked lode system

with gross strike

controlled by ENE or NNE bounding shears and main lodes in crosscutting WNW strike and NE

dip orientations. This possibility remains poorly tested but could lead to

Morley

becoming a

substantial stand-alone deposit (

Figure 5

Prospect has excellent opportunities to host high grade intersection shoots, but suspected

plunge directions and best intersection structures still need to be determined.

Demonstrating that WNW structures are mineralised has important implications for exploration

elsewhere within the Reo Project as historic sampling patterns are orthogonal to the NE

trending main belt structures and thus poorly oriented to test potentially WNW mineralised

structures.

Given the above potential two structural controls, drilling has been paused temporarily to gather

more structural data to optimise drill directions. To this end the company will embark on a

focussed deep trenching program to gather structural data and vein orientation data before re-

commencing drilling at the prospect scale. Trenching will commence early Q1 2021 after a

contracted excavator finishes work at the K4-K5 Prospect, 20km to the south.

Close space power auger drilling is being planned to step out along potential strike directions in

the immediate vicinity of

Morley

prior to further work.

RAB/ Aircore rig options being investigated to test granite greenstone contact target WNW of

Morley

Chairman's Comment

Executive Chairman,

Dominic O'Sullivan

remarked:

"I am simply thrilled that with the Company's first modest expenditure in Burkina of about

USD200,000

, we have not only returned some great results but have also established several

fairways along which

Morley

might grow from a modest sized prospect into a potentially much larger

one.

We are developing our understanding of the deposit, starting from a rather higgledy piggledy set of

drilling with holes and grades going in all directions, into a geologically cogent framework that

demonstrates potential for a lot more at Morley. It fits our philosophy - find a poorly understood or

overlooked discovery, in a Tier one address and do the hard yakka, looking at all the data from

every angle, then follow-up with smart prudent focused exploration.

I'm particularly enthused about the on-strike potential generated by confirming that WNW oriented

structures at

Morley

host gold mineralisation, especially just west of

Morley

, where the "Morley

Structure," smashes an

800m

sinistral displacement into a sheared granite-greenstone contact which

itself has a dextral reverse sense of movement. This creates a WNW trending granite-greenstone

contact, hugged by the

Morley

structure for about

800m

of strike. That spells a lot of dilation on

favourable structures and lithological contrasts. What's not to like about that? As it's under cover,

never seen before, I feel it's a bit like a little Chrissy prezzie for us- still under the tree, all wrapped

up and we can't wait to open it."

Details of the Morley Drill Program

Results reported today are Tajiri's first steps in our exploration at

Morley

and as a necessary first

precedent to further work it has focused on defining the orientation of mineralisation. Historically,

the orientation of mineralisation has been poorly constrained, and several equivocal interpretations

could fit historic data due to the following:

Drilling was conducted blind because of a thin veneer (3-

10m

thick) of cover overlying the

Prospect;

Morley

is hosted by a single relatively undifferentiated granite lithology and a lack of other

lithologies meant models could only be constructed by grade interpolation;

Morley

lies in a zone of considerable structural complexity, near the focus of a change in the

gross strike of the granite-greenstone belt of 40˚ from ENE to NNE, and major and lessor

shears of both orientations together with numerous WNW, NNW, EW and minor N-S orientations

transect the area (

see Figure 6

);

all structures or their intersections could be potential fairways for mineralisation and all

structural orientations can be associated with some form of gold anomalism, though the ENE-

NNE orientations appear to dominate the distribution of gold anomalism on a regional scale;

drilling to date has been suboptimal to test all possible mineralised orientations and drilling has

mostly been oriented either:

North-south and predominantly drilled to the south or

On NW-SE oriented scout drill lines of 200-

400m

spacing with alternate lines drilled to

either the SE or NW.

In our new model, gold mineralisation which occurs as sheeted high grade quartz veins, within low

grade sericite + carbonate +/- pyrite altered shear zones hosted by a syntectonic belt scale

granitoid is comprised of several 1-

20m

thick, NW-WNW striking lodes which dip between 40˚and

55˚ to the NE. The best historically drilled lode, "the Main Lode" where current drilling has focused,

has a known strike length of about

300m

Results announced today are highly supportive of our new model and intersections mostly occur

where the model predicted. Drill results returned to date demonstrate good apparent down-dip

coherence with our model and continuity of between

100m

and

150m

(

100m

vertically below

surface- base of current drilled depth). Zones remain open down dip. On the other-hand strike

direction has only been broadly confirmed but it is beginning to resolve into a WNW rather than NW

strike. Further work is required because:

Access to drill the central part of the main lode was restricted as it is the site of a small forest

(Figure 2) and permission was not granted by the local community to drill within its confines.

Investigation of mineralisation in this area will require deeper drilling, later, as it is beyond the

capability of the contracted RC rig.

Mineralisation is abruptly interrupted on the section line comprised of holes MTRC007, 008, 18

and 009. Hole MTRC009 intersected a vein zone grading

@ 4.8g/t within

19m

@ 1.3g/t

from

59m

and on-strike from mineralisation intersected in hole MTRC006 to the south (

4.6g/t from

55m

; within

@ 1.3g/t from

51m

) but only weak anomalism was intersected up

dip by MTRC0018 and MTRC008. Based on a feature visible in ground magnetics, it is possible

that a post mineralisation fault striking NNW, displaces the Main lode with an with apparent

dextral throw of

50m

. This interpretation fits with a WNW strike.

As this was a first pass program and the exact strike of mineralisation was unknown at the time

of planning- being modelled as between WNW to NW, several holes appear to have collared in

the footwall of the Main lode and did not intersect the expected Main lode near surface. These

holes are MTRC003, 7, 10, 13 and 19 and the lack of mineralisation in those holes up dip from

mineralisation strongly suggest that strike is closer to WNW than to NW (Figure 2).

Variation in the grades and thickness intersected also suggest that there is a second structural

orientation that influences the mineralisation at Morley. This second structural control may be an

upshot of vein sets having an orientation which is oblique to the orientation of the host shear zone, a

common feature of this style of mineralisation but we also believe, based on the overall architecture

of all data, that mineralisation is developed preferentially within the WNW structures at their

intersection with either ENE or NNE structures that are also evident in ground magnetic images.

Evidence for a second significant structural control is:

At the known north end of

Morley

main lode, it thickens and high-grade vein densities increase (

Figure 3

) where it is inferred to be intersected by an ENE trending shear zone of weaker

mineralisation that was drilled over

400m

of strike going west and which returned a peak value

14m

@ 1.1g/ (

Figure 4

All three structural orientations align with the overall shape of a gold in saprolite geochemical

anomaly that overlies the Prospect (

Figure 4

), suggesting all three alignments may be

mineralised. With lobes and high values extending along WNW, ENE and NNE orientations.

This data was derived from a Newmont 2008,

50m

auger program down to

10 m

depth

that covered an area of 1,000 x

850m

and was conducted after air-core scout drilling had

located the prospect.

All three structural orientations align with anomalous gold values returned by regional

reconnaissance saprolite sampling auger data which was conducted on lines spaced 400-

800m

apart and samples collected every

100m

(

Figure 6

Several fine scale structures visible in ground magnetics especially 1VD, 2VD and tilt filtered

images coincide with all three orientations and higher grades in drilling can be tentatively

associated with the intersection of the WNW striking lodes with both ENE and NNE trending

structures.

The above brings the possibility of repeats of WNW oriented mineralisation along ENE or NNE

directions in effect forming a large-stacked lode system. The orientation of Historic scout drilling

outside of the main area of drilling at

Morley

has poorly tested this concept with scout drill lines

oriented subparallel to the WNW strike of mineralisation and lines alternating between down dip and

across dip directions. Better oriented north south holes are confined to the norther margins of the

prospect. Potential is illustrated in

Figure 5

Next steps at

Morley

Given the evidence for a second structural control on mineralisation, we have temporarily paused our

drill program to undertake deep trenching and pitting to gather structural data and map dominant

vein orientations within the shear zones. Once this is done drill direction/s which is currently on NE-

SW lines drilling to SW can be optimised to intersect vein sets within the shear zones to give

representative grades and investigate potentially higher-grade plunging intersection shoots.

It is expected that trenching will commence early Q1 2021 after a contract excavator completes its

work at K4-K5.

Close spaced auger power auger drilling is being planned to extend the

Morley

footprint in

favourable directions.

Finally, options to contract a RAB/Aircore rig to drill the covered granite greenstone contact in the

area where the "Morley Structure" intersects it, are being investigated.

Other Exploration

In Burkina

We have commenced trenching at K4-K5 to investigate areas where cover is thinner – in artisanal

workings or where drilling shows mineralisation close to surface. Purpose of the program is to

collect structural and lithological data and examine mineralisation near surface as previous drilling

has been wide spaced and we are not sure if dominant trends are NNE or NE striking. This

2,000m

program is expected to be completed by very early next year after which RC drilling will be

commenced.

We are also in the advanced stages of planning closer spaced deep auger drilling at K4-K5 to define

drill targets within the larger area of K4-K5 outside planned drill areas. The geochemical anomaly at

K4-K5 is huge and extends over 7 x 6 km. Part of that program will cover extensions of drilling by

Arrow Minerals (ASX:AMD) announced early this year which shows the eastern contact of the

regional granite which hosts

Morley

is prospective. This program is expected to commence shortly.

Guyana

We have recently completed a small auger program at Epeius to investigate the strike extensions of

good results produced by Troy Resources (ASX:TRY) just across the projects southern boundary.

Troy's results include drill intersections of

10m

@ 6g/t Au,

17m

@2.2g/t Au and trench intersections

13m

@ 2.3g/t Au,

@ 2.3g/t Au &

11m

@ 1.47g/t Au. An announcement will be made shortly

and a follow-up trench program is already underway with

600m

linear metres excavated to date.

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.

Table of Significant Drill Intersections

Hole_Number

Dip

Azimuth

Total

Depth

From

Interval

Au_ppm

NB: MTRC001 and MTRC002

were abandoned before reaching target depth and were redrilled approx.. 10m away from

each collar as MTRC005 & 6

MTRC0001

-60

225

0.3

1.7

Including.

3.0

0.4

0.3

0.2

MTRC0002

-60

225

0.9

0.5

0.2

0.5

0.7

0.5

Including

1.4

0.4

Including

1.1

MTRC0003

-60

225

0.3

0.2

0.3

0.4

MTRC0004

-60

225

0.3

1.9

Including

18.0

0.2

MTRC0005

-58

225

108

2.7

Including

5.5

0.2

0.8

0.3

2.7

Including

10.8

0.6

MTRC0006

-60

225

111

0.4

0.9

0.5

0.3

1.3

Including

4.6

MTRC0007

-60

225

4.2

MTRC0008

-60

225

0.9

1.0

MTRC0009

-60

225

0.9

Including

1.8

0.3

0.6

1.3

Including

4.8

MTRC0010

-60

225

0.2

MTRC0011

-60

225

0.2

11.8

MTRC0012

-60

225

0.6

Including

1.3

MTRC0013

-60

225

0.4

0.6

0.4

0.8

0.2

MTRC0014

-60

225

102

1.6

Including

11.3

1.7

Including

4.3

1.1

0.3

MTRC0015

-60

225

0.4

1.4

Including

17.0

0.3

MTRC0016

-60

225

102

1.8

Including

5.1

2.9

0.4

MTRC0017

-60

225

2.0

0.2

0.5

0.4

MTRC0018

-60

225

0.3

0.8

0.7

0.3

MTRC0019

-60

225

NSR

MTRC0020

-60

225

1.6

0.3

1.2

Including

8.9

MTRC0021

-90

0.7

MTRC0022

-50

125

8.6

Including

30.9

0.3

MTRC0023

-60

0.9

SOURCE

Tajiri Resources Corp.

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http://www.newswire.ca/en/releases/archive/December2020/08/c1523.html

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For further information:

Tajiri Resources Corp., Graham Keevil, President, CEO, 604-642-0115 or

Toll Free 866-345-0115, , 604-642-0116 (FAX), [email protected], www.tajirigold.com

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