Tajiri Resources Corp. 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 D...
July 10 2013 - 1:12PM
Marketwired Canada
Tajiri Resources Corp. (the "Company")(TSX VENTURE:TAJ) is pleased to announce
the discovery of a significant new lode gold system during drilling at the
Company's wholly-owned Kaburi PL Gold Project, Mazaruni District, Guyana, South
America; and to provide this summary of results from the over 3,100 metres of
Reverse Circulation ("RC") drilling completed during the Spring 2013 exploration
campaign.
Best results returned from the 2013 program were achieved in holes KRC-13-13
which intercepted 22 metres of 2.69 g/t Au from 8 metres to 30 metres, including
10 metres of 5.13 g/t Au from 8 to 18 metres; KRC -13- 25 which intersected 8
metres at 6.48 g/t Au from 6 metres to 14 metres, including 2 metres at 25.50
g/t Au from 6 metres to 8 metres; and hole KRC-13-32 with 11 metres grading 1.08
g/t Au from 2 metres to 13 metres including 1 metre of 7.94 g/t Au from 2 metres
to 3 metres and 11 metres of 1.37 g/t Au from 32 metres to 43 metres including 2
metres of 5.19 g/t Gold from 39 to 41 metres. The above holes were located on
three separate drill fences spaced approximately 100 metres from one another
which would indicate a mineralized strike in excess of 300 metres associated
with presumed contact of the Aurora-Gem Creek Shear Zone where it transects the
Kaburi PL. The 2013 drilling program was successful in identifying and testing
the interpreted gold mineralized trend on the Kaburi PL and this trend remains
open on strike for follow up exploration.
Mr. Graham Keevil, President and CEO stated, "The Company is extremely pleased
with the results from our first ever drill campaign at the 100%-owned Kaburi PL
Gold Project. These results represent the newest gold discovery within the West
Omai Gold Camp, an area quickly becoming one of the most exciting gold
exploration districts in recent memory. Not only has the existence of
substantial near surface gold been proven as a result of our efforts, but the
locality is such that it is immediately adjacent to Troy Resources West Omai
Gold deposits, where both Smarts/Hicks are subject to planning for immediate
mine development."
"In addition to being in and of itself an impressive first pass drill effort,
our higher grade intersections appear to be consistent with those discovered at
the Smarts Deposit, some 2.5 km to the Kaburi PL's south-east, where 1.02
million ounces are inferred(i) at an impressive 4.02 g/t Au and represent part
of the West Omai assets recently acquired by Troy Resources for approximately
US$200 million. Tajiri was able to take the Kaburi PL from a grassroots,
greenfield exploration asset as of July 2012 to a significant gold discovery in
less than one calendar year, and considers it a testament to its ability to
efficiently deploy capital to projects of merit in order to add optimal value
for all stakeholders. Having now achieved this level of exploration success at
such an early stage in the Company's existence the Board looks forward to
continued drill efforts at Kaburi as well as this summer's drilling at our
highly prospective OGK Copper-Gold Project in British Columbia" Mr. Keevil
added.
Highlighted Mineralization Table - Kaburi 2013 Drill Holes
Drill Hole From (m) To (m) Length (m) Au (g/t)
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KRC-13-02 9 10 1 1.02
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with 20 23 3 0.80
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including 22 23 1 1.07
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and 38 43 6 0.72
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KRC-13-03 31 42 12 0.57
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and 73 75 2 1.39
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KRC-13-04 90 92 2 1.08
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KRC-13-05 1 3 2 1.37
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KRC-13-06 3 9 6 0.31
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with 45 47 2 1.27
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and 65 81 16 0.07
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including 71 79 8 1.29
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KRC-13-07 10 36 26 0.45
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including 14 17 3 1.03
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and 28 30 2 1.03
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KRC-13-10 65 71 6 0.06
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and 75 87 12 0.30
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KRC-13-11 41 49 8 0.46
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and 53 57 4 0.97
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with 75 79 4 0.72
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including 75 77 2 1.20
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and 87 99 12 0.83
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including 87 95 8 1.10
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KRC-13-13 8 30 22 2.69
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including 8 18 10 5.13
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and 22 28 6 1.17
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KRC-13-14 26 30 4 1.31
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including 28 30 2 2.23
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and 60 74 14 0.57
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with 78 84 6 1.24
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including 78 80 2 3.46
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KRC-13-15 64 84 20 0.42
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including 66 68 2 1.16
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KRC-13-16 20 56 36 0.36
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including 36 38 2 1.33
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KRC-13-17 11 39 28 0.57
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including 39 31 2 1.45
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and 37 39 2 1.47
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KRC-13-18 8 24 16 0.52
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including 16 20 4 1.33
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and 28 30 2 3.34
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including 40 50 10 0.43
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and 44 46 2 1.27
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KRC-13-19 96 98 2 1.31
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KRC-13-20 19 25 6 0.93
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KRC-13-21 10 22 12 0.17
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including 70 85 15 0.21
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KRC-13-22 36 53 16 0.48
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including 41 45 4 1.13
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KRC-13-24 10 16 6 0.70
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including 12 14 2 1.02
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and 26 36 10 0.41
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KRC-13-25 6 14 8 6.48
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including 6 8 2 25.50
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and 34 44 10 0.40
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KRC-13-26 58 60 2 1.75
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KRC-13-27 0 2 2 0.72
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and 3 12 9 0.52
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including 8 10 2 1.37
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KRC-13-31 5 9 4 0.95
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including 5 6 1 2.56
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KRC-13-32 2 13 11 1.08
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including 2 3 1 7.94
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and 32 43 11 1.37
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including 39 41 2 5.19
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KRC-13-33 4 11 7 0.53
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and 13 17 4 1.18
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including 13 14 1 3.08
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and 18 21 3 0.54
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including 19 20 1 1.10
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and 25 29 4 0.41
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including 25 26 1 1.08
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NB: Above intercepts include runs greater than 0.10 g/t Au reported above a
0.3 g/t Au threshold of greater than 2 metres -
(i) The Company was unable to verify the above information, which is
available publicly on Azimuth Resources ASX and TSX filings (including
the March 2013 Omai Technical Report) and from within Azimuth's public
disclosures.
Reported intersections are drilled intersections, as true widths have
not yet been determined.
(i) Maps showing drill hole locations will be posted to the Company's
website shortly at http://www.tajiricorp.com/.
Program Summary
The 2013 Kaburi RC drilling program totaled 3,103 metres of RC drilling, in 33
holes, laid out in a 5 fence pattern designed to target the interpreted
northwest-southeast and east-west structural mineralization trends the Company
had identified through 2012 geochemical sampling programs. The drilling covered
approximately 800 metres of strike length within the 2x4 km Seer gold-in-soil
anomaly as defined by the Company during its 2012 exploration work and served to
provide proof to the existence of a lode gold system associated with the
Aurora-Gem Creek Regional Shear similar in nature to Troy Resources neighbouring
Omai-Hicks-Kaburi Corridor Deposits of Smarts and Hicks. Given the recent
acquisition of Azimuth Resources by Troy Resources management determined that
moving forward with the drill campaign as quickly as possibly was pertinent to
the creation of optimal value for stakeholders of the Kaburi PL asset, as both
the Smart and Hicks deposits are planned for production within the next four
years. The Company also is of the opinion that additional ounces will be
required to ensure a long term and profitable operations in the West Omai Region
and hopes to contribute to the ongoing development through this discovery. Given
the location of the long intervals containing gold mineralization as seen in
holes 13, 25, and 32 a mineralization trend(s) has been identified and remains
open along strike, a more focused follow-up drilling program is now warranted
and Company management expects a substantially higher hit ratio from any such
program that in turn will define additional zones of potentially mineable
material.
Company QA/QC
All samples collected during the Kaburi 2013 Drill program were analyzed by Acme
Analytical Labs of Vancouver, B.C., utilizing a 50 gram G6 fire assay finish for
gold. All samples were collected by Tajiri geological personnel and shipped to
Acme Analytical Labs preparation facility in Georgetown, Guyana, where samples
were sorted and crushed to appropriate particle size (pulp) and representatively
split to a smaller size for shipment to Acme's Vancouver and/or Santiago, Chile
analysis facilities. RC samples were collected and catalogued on 1 metre
intervals at the Kaburi drill site and shipped to ACME's Georgetown preparation
facility as such. At the Company's direction, certain sections of the 2013 RC
drilling sampling were composited into 2 metre samples intervals for final
assay. A system of standards, blanks and duplicates sampling was implemented in
the 2013 drilling program and monitored by Company management throughout the
program.
Due to the high grades of gold reported from the 2013 Kaburi drilling program, a
comprehensive coarse metallic screening study is currently underway to better
constrain the high gold grades encountered during this program. Additionally,
selected high grade composited intervals returned from first pass analyses will
be subject to individual assays from the maintained "B-Splits" to more
accurately ascertain gold grades. Germane data from these studies will be
released as it becomes available.
Paul D. Gray, PGeo, is the company's qualified person with respect to the Kaburi
Gold Project and has reviewed and approved this press release.
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.
Follow Tajiri Resources On:
Facebook: http://www.facebook.com/TajiriResources
Twitter: http://twitter.com/tajiriresources
YouTube: http://www.youtube.com/user/tajiriresources
Flickr: http://www.flickr.com/photos/tajiriresources/
FOR FURTHER INFORMATION PLEASE CONTACT:
Tajiri Resources Corp.
Graham Keevil
President, CEO
604-642-0115 or Toll Free 866-345-0115
604-642-0116 (FAX)
info@tajiricorp.com
www.tajiricorp.com
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