Tajiri Finalizes Purchase of the Reo Gold Project VANCOUVER
Tajiri Finalizes Purchase of the Reo Gold
Project
VANCOUVER
, Sept. 5, 2019 /CNW/ -
Tajiri Resources Corp.
(the "Company")
(TSX VENTURE:
TAJ)
is pleased to report that it has finalized its option to purchase 100% interest in the Reo Gold
Project,
Burkina Faso
. Following a final payment of
US$150,000
to vendor, Middle Island Resources
('Middle Island'), made
August 26
th
, 2019, the Company now owns 100% undivided interest in the
regional scale, advanced stage, gold exploration project. Planning of the Company's maiden
exploration program has been ongoing for some time and is targeted to commence following the end
of the wet season, likely
mid-October 2019
.
About the Reo Project
The Reo Project is of regional scale, covering 1,002 square KM at the confluence of the prolific
Houndé and Boromo greenstone belts which are hosts to several substantial gold deposits of
including: Karma 3.8Moz, Bissa 6.6Moz, Hounde 4.9Moz and Mana 8.6 Moz (reported inclusive of all
P&P reserves and all M,I&I Resources). Two advanced stage prospects exist within the tenement
package and the project as a whole has been subject to:
70,000m
Geochem Auger drilling.
Complete project coverage by a
100m
line spaced airborne magnetic and radiometric survey.
67,148m
of RAB Drilling (1,918 holes)
22,150m
of Air core Drilling (439 holes) 12,791m RC
Drilling (146 holes) and 1,649m
Diamond Core Drilling
(11 holes).
8km2 IP/Resistivity surveys.
This work has resulted in the discovery of two advanced exploration targets in the form of the near
surface K4/K5 Zone, and the high-grade
Morley Zone
, where results are typified by holes
MMRC096 intersecting
12m
at 4.99 g/t Au, and KRAC011 with
34m
at 16.48g/t Au, respectively.
These and the plethora of additional results have outlined targets that in managements opinion
warrant targeted resource definition drilling, and assessment of the potential for economic
development.
About Tajiri Resources
Tajiri is a gold exploration company focused on high potential greenstone gold deposits for
development or sale. The Company currently holds substantial exploration assets in
Guyana
,
South
America
and
Burkina Faso
,
West Africa
.
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 866-345-0115, 604-642-0116 (FAX), [email protected]
CO: Tajiri Resources Corp.
CNW 17:10e 05-SEP-19