Tajiri Provides Update on Kaburi Gold Property, Reassess Exploration Results and Potential
Tajiri Provides Update on Kaburi Gold Property, Reassess Exploration Results
and Potential
VANCOUVER, BRITISH COLUMBIA - (March 6 th, 2018) - Tajiri Resources Corp. (the "Company") (TSXVENTURE: TAJ)
is pleased to provide a reassessment of mapping, geophysics, geochemical sampling and RC drilling
conducted by the Company in 2012/ 13 at its Kaburi Project in conjunction with publicly reported
exploration results by ASX listed Troy Resources Limited (ASX:TRY) in 2017 from work conducted outside
but along strike from the Kaburi Project. The reassessment reveals excellent potential to discover
satellite resources within 5km of Troy's Karouni Mine (Global Resources 13.4MT @ 2.3g/t for 985koz
Au)1.
The Karouni Mine with nameplate capacity of 1 Mtpa and located in close proximity to Tajiri's Kaburi
Project currently has a remaining open pit mine life of approximately 2 years. Therefore if Tajiri can
define even a modest satellite resources on its Kaburi Project such a resource will be eminently and
almost immediately monetisable via a range of options such as toll treatment, joint venture or royalty
arrangement.
Tajiri's reassessment of the Kaburi Project demonstrates the following:
The highly prospective host unit of gold mineralisation (a basalt with high MgO, Cr, Co, Ni
geochemistry and referred to here as the "Mine Uni t") at Troy's Karouni mine has been
identified by Troy immediately to the NW of the Kaburi Project and shown by its distinctive
geochemistry to extend through the Tajiri's Kaburi Project for a known strike of 4.5km
Widely spaced, 'first pass' exploration RC drilling undertaken by Tajiri and Troy at the Samuels
and Goldstar Prospects shows that both contacts of the "Mine Unit" are mineralised along the
entire strike over which they have been drill tested of approximately 3km and that 9km of highly
prospective strike is present within the Kaburi Project.
1 The Resources noted in paragraph 1 above has not been independently verified by Tajiri and the statement of resource relies on publicly
reported and referenced Resource and Reserve statements of Troy Resources Limited The Resources reported in paragraph 1 is totals of
Measured, Indicated and Inferred Resources inclusive of Proven and Probable Reserves and may be referenced at
http://www.troyres.com.au/growth-strategy/reserves-a-resources.html
Along the Mine Unit's eastern contact and contained within both Tajiri's and Troys' ground there
is a 1540m long portion of strike in which every drill hole intersected significant (>1g/t Au)
mineralisation. The two holes at each end of the segment returned:
o KRC13 22m @ 2.7g/t from 8m including 10m @ 5.1g/t (Tajiri); and
o GRC161 13m @ 2.0g/t from 58m (Troy). 2
Of this potentially contiguously and robustly mineralised 1540m of strike , 940m of strike lie s
within Tajiri's ground striking NNW from KRC13 through KRC25 8m @ 6.5 g/t from 6m (140n
along strike from KRC13) to the Property boundary. This represents a first order target for
further exploration and potential resource definition.
Gold m ineralisation associated with Mine Unit is located along both its eastern and western
contacts which are variably sheared and intruded by lat e stage porphyries. T hus within the
Kaburi Project there is an aggregate 9km strike of highly prospective Mine Unit contacts. These
contacts have not only returned significant drill intercepts but are also associated with a robust
200-400m wide Au in soil geochemical anomaly (peak value 2.7g/t au) located entirely within
the Kaburi Project.
Drill testing of the sheared contacts of the Mine Unit by Tajiri to date has been very limited yet
has returned highly promising results.
The newly discerned occurrence and interpreted contacts of the Mine Unit indicate that Tajiri's
modest 2013 RC drill program (of 33 holes for 3,104m) at the Samuels Prospect was incorrectly
oriented oblique to the strike of mineralisation. Consequently, the 2013 drilling did not
effectively test the two prospective Mine Unit contacts with only four drill holes effectively
sited. However, all of these returned shallow significant gold intersections3:
o RC drill holes intersecting the eastern sheared contact;
KRC13 22m @ 2.7g/t from 8m including 10m @ 5.1g/t
2: These mineralised intercepts and all others reported in this press release including t hose shown in all figures are reported as down hole
intervals not true widths, which are yet to be determined.
3: Drill Results for both Tajiri's and Troy's drilling are not tabulated here and the reader is referred to Tajiri's- 10th July 2013 announcement - "
Drills 22 metres of 2.69 g/t Gold including 10 metres of 5.13 g/t Gold as part of its Kaburi PL Gold Discovery, Guyana, South America" available
at the Sedar website : https://www.sedar.com/search/search_form_pc_en.htm and the announcement of Troy Resource's -26th April 2017
"Exploration Update" http://clients2.weblink.com.au/news/pdf_2%5C01850551.pdf for full details of all drill results.
KRC25 8m @ 6.5g/t from 6m (located 140m NNW along strike from KRC13 with
a further 800m of untested strike to the northern property boundary)
KRC6 8m @ 1.3g/t from 79m (intersecting down dip of KRC13)
o RC drill holes intersecting the western sheared contact
KRC33 11m @ 1.08g/t from 2m and 11m @ 1.4g/t (only drill hole testing
western contact with 2400m of strike to the NW and 3100m strike to the SE
completely untested by drilling)
Soil sampling has identified an additional area of coherent high tenor soil anomalism unrelated
to the Mine Unit in the north east of the Kaburi Project. This "NE Target" covers a strike of
800m and width of 100m with best results being 559ppb, 816ppb and 3.2g/t Au. Additionally an
as yet unnamed single point anomaly of 15.3g/t Au, is also present located between the Mine
Unit and the NE Target.
Project location
The Kaburi Project located 180km to s outhwest of Guyana's Capital Georgetown, in which Tajiri has
rights to acquire an 100% interest covers an area of approximately 26km2 with the Project's southern
boundary located just 3 km to the north of Troy Resources’ Karouni Mill Site (See Figure1).
Geology and Geochemistry
Exploration and drilling results released last year by Troy Resources, with the principal announcement
dated 2 April 2017 , reveal that Troy has identified a folded repeat of the Mine Unit on strike and
contiguous with Tajiri's Kaburi Project: Troy's report states (Tajiri's highlights):
"This target is a laterite, saprolite and sand covered 10km strike length zone underlain
by MgO high chrome basalts with outcropping quartz veins and significant alluvial
workings. Drilling over an initial 2.5km strike length targeted the high chrome basalt
corridor that has been intruded by narrow granitic and porphyritic intrusions. All drill
holes intersected a thick package of MgO basalt (high chrome unit) - the same
stratigraphy which hosts the Smarts deposit.
"Quartz and quartz-carbonate veining with patchy disseminated pyrite occur in the MgO
basalt. The unit is strongly foliated and often variably sheared at the contact. Along the
contact several late phase porphyries intruded which host gold bearing quartz veins. The
high Ti basalt, which is the main host for high grade gold mineralisation in Smarts,
was intersected within the high chrome unit. The unit hosts gold bearing pyritic quartz
veining. Both phases of Goldstar drill ing have confirmed a strong regional shear within
favourable host rocks with the expected quartz -carbonate veining and associated pyrite
alteration and anomalous gold mineralisation."
Elsewhere in their publicly released information Troy notes that the Mine Unit basalt in addition to high
MgO+Cr also exhibits elevated Co+Ni and may in places include a basalt sub unit with high Ti
geochemistry and this sub-unit hosts the highest grade mineralisation at the Smart's pit.
Figure 1
Kaburi Project Location : Showing outline (Black) of Tajiri's Kaburi Project together with the location of the
Hicks and Smarts Open Pits and the mill site operated by Troy Resources, where open pit reserves are
approximately 2 years. Main access road to Georgetown in red . Background is government 1km line
spaced airborne magnetic survey. The Samuels prospect, drilled by Tajiri in 2013 returning 22m @ 2.7g/t &
8m @ 6.5g/t and the Goldstar prospect drilling in 2017 by Troy Resources returning best inte rsection 16m
@ 2.04 g/t are also shown. NB the Samuels prospect is located only 5km to the NNE of Troy's mill site.
Figure 2.
Showing interpreted fold geometry of the Mine U nit within the Kaburi Project ; together with regional
government airborne magnetic data. A generalised southwest -northeast cross section , along the green
line, from the Smarts Open Pit to Samuels/Gold Star Prospects is shown beneath.
A new review by Tajiri of its 2012 multi-element geochemical sampling, with gold results reported 31st
October and 17th December 2012, clearly demonstrates that the Mine Unit basalt extends for a strike of
4.5km in a NNW-NW / SSE-SE direction through the northern part of the Kaburi project. Multi -element
soil geochemistry exhibits similarly elevated MgO+Cr+Co+Ni +/ - Ti values in association with a linear
aeromagnetic high that is contiguous with the Mine Unit basalt identified by Troy at Goldstar. Figures 3
and 4 show MgO and Cr soil geochemistry respectively, which both tightly constrains the contacts of the
Mine Unit within the Kaburi Project.
Figure 3
High chrome in soil geochemical values tightly constrain the contacts of the high MgO+Cr+Co+Ni +/ -Ti
Mine Unit basalt - interpreted to be a folded repeat of the Karouni mine stratigraphy as illustrated in
Figure 2. Here Tajiri's soil Chrome values are combined with drilling by Troy Resources over their detailed
airborne magnetic data (colour image), together with location of significant 2013 Tajiri RC drill intercepts .
Large dark green circles 2420-6430ppm Cr, Medium mid green 1020-2420ppm Cr, light green small 260-
1020ppm Cr, grey <260ppm Cr ) Kaburi Property outline - Red; Sheared contacts of the Mine Unit basalt
white "toothed" lines ; Alluvial workings- grey shading; Troy 2017 RC drill holes - GRC; Tajiri 2013 RC drill
holes - KRC
A robust >50ppb Au in soil geochemical anomaly with peak value of 2.7g/t, lies mostly along and
parallel to but displaced slightly to the northeast of the eastern contact of the high MgO+Cr+Co+Ni+/- Ti
Mine Unit basalt (see Figure 5).- Tajiri interprets this arrangement as a mechanical dispersion of gold
along the predominate north easterly flowing drainage gradient of the local region. Additionally, most
of the area is covered by a variabl y stripped profile of Tertiary aged deltaic -shallow marine sands and
clays (deposited from the south west) which thinly vene ers much of the high MgO+ Cr+Co+Ni basalt
Mine Unit and that deposition of the cover sequence would have provided further mechanical
dispersion of underlying in situ gold anomalism towards the north-east.
Figure 4
MgO soil geochemistry shows similarly to high Cr soil geochemistry and tightly constrains the contacts of
the high Mine Unit. Large dark blue circles 3.48%- 9.72% MgO; Medium mid blue circles 1.05% - 3.48%
MgO; small light blue circles 0.19% -1.05% MgO; 0%-0.19% MgO; Kaburi Property outline - Black; Sheared
contacts of high MgO+Cr basalt white tooth line s; Alluvial workings grey shading ; GRC= Troy 2017 RC d rill
holes; KRC = Tajiri 2013 RC drill holes
Further enhancing the prospectivity of the Mine Unit are the pervasive alluvial gold workings in the area.
Every creek which flows across either the western or eastern contact has been worked for its entire
course downstream from the contacts to where they join the West Kaburi River. The West Kaburi has
also been extensively worked across its entire 400m wide alluival flat and downstream for a distance of
6 km from where the Mine Unit crosses the West Kaburi River. Creeks in the area predominantly drain
north-easterly to the West Kaburi River which flows south-easterly. The extent of alluvial workings are
shown in Figures 3,4,5, & 6 as grey shaded regions.
Based on the area of the alluvial workings of 4,880,000 m2 (as measured from satellite imagery) and
estimated average thickness of 2-6m, it is estimated that since artisinal mining began in the region 120
years ago, between 8 and 20 million cubic meters of alluvial material has been mined with the majority
of this material being sourced from the 7.5 km strike length of the Mine Unit present in the area of
which 4.5km is contained within the Kaburi Project area.
Figure 5
Contoured Au Geochemistry ( as reported by Tajiri 31/10/2012) Note the main Au in soil geochemical
anomaly lies parallel too and slightly displaced from the NE of the Mine Unit , and is likely partially
transported. Much of western contact of the mine unit is veneered by cover. Also of note is the NE Target
outlined within the red dashed ellipse with selected soil/saprolite sample values in ppb or g/t Au. Based on
both the coherence and tenor of gold in soil values the NE Target anomaly represents a first order target for
further exploration. Also shown is the 15.3g/t point anomaly located between the Mine Unit and th e NE
Target.