Tajiri Samples In-Situ, High Grade Gold during trenching and Auger Drilling Geochemistry Due Diligence Programs on Epeius Project, Guyana Peak Value of 4.0g/t Au in Auger Within Broad 240m Wide Zone of Bedrock Gold Anomalism
Tajiri Samples In-Situ, High Grade Gold during
trenching and Auger Drilling Geochemistry
Due Diligence Programs on Epeius Project,
Guyana
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.
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 9
th
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 3
rd
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 24
th
June, 2020
and is pending share approval at the Company's next AGM scheduled for 2
nd
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 ( 7
th
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.
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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
CO: Tajiri Resources Corp.
CNW 10:22e 18-DEC-20