Tajiri Commences Drilling at the advanced Morley Prospect, Burkina Faso
Tajiri Commences Drilling at the advanced
Morley Prospect, Burkina Faso
VANCOUVER, BC,
Sept. 21, 2020
/CNW/ -
Tajiri Resources Corp.
(the "Company") (TSXV: TAJ)
is pleased to announce that reverse circulation drilling commenced
September 18, 2020
at the
advanced Morley Prospect situated on the Company's wholly owned ~1,100km
2
Reo Project,
located 150 km west northwest of the capital of
Burkina Faso
, Ouagdougou.
At
Morley
, where historic drilling, conducted between 2008 and 2012, intersected shallow high-grade
gold intersections such as:
32m
@ 17.5g/t
from
2m
,
6m
@ 38.9g/t
from
8m
,
2m
@ 18.0g/t
from
17m
,
10m
@ 9.6g/t
from
74m
,
1m
@ 75.5.5g/t
from
33m
,
6m
@ 4.1g/t
from
60m
,
8m
@ 9.4g/t
from
16m
,
10m
@ 7.6g/t
from
16m
;
Gold mineralisation is hosted by low sulphidation quartz veins in granodiorite situated ~400m from a
regional scale contact between the granodiorite and greenstones. Modelling of mineralisation at
Morley
by Tajiri suggests that the orientation of mineralisation is parallel to a set of late tensional
structures that are disposed at an high angle to regional belt strike and such structures elsewhere in
Burkina host significant high grade gold mineralisation e.g.
Rox Gold's
Yaramoko Mine and West
African Resources' M1 South Deposit.
The purposes of the current
3,600m
drill program are several:
to test strike and dip continuity of mineralisation over a
400m
strike x
130m
down dip portion of
mineralisation;
to test the possibility for stacked lodes within a
400m
(l) x
250m
(w) x
130m
(d) volume mostly
above the main interpreted lode which strikes NW and dips 35-60˚ to the NE;
to obtain samples for preliminary cyanide bottle roll tests;
to delineate any higher grade shoots and their orientation within the broader mineralised
envelope;
to lay a solid foundation for step out drilling, along strike, across strike and down dip; and
to advance the
Morley
prospect toward an initial inferred resource estimate.
Tajiri expects to release first results from its maiden drill program at
Morley
within the next 3 to 4
weeks and expects to complete drilling within 5 to 6 weeks. After which the contracted rig will move
20km south to the K4-K5 prospect where a further
4,000m
of RC drilling is planned.
The Company also wishes to clarify finder fee amounts paid on the closing of a non-brokered
private placement, as reported in news released
August 19
th
, 2020 and updated
September 3
rd
,
2020; being that total finders warrants issued in relation to the offering were 1,116,933 while cash
consideration was
$191,620
. All other details remain the same.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil
,
President, CEO
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.
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.
SOURCE
Tajiri Resources Corp.
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For further information:
Tajiri Resources Corp., Graham Keevil, President, CEO, 604-642-0115 or
Toll Free 866-345-0115604-642-0116 (FAX), [email protected], www.tajirigold.com
CO: Tajiri Resources Corp.
CNW 18:06e 21-SEP-20