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 26th, 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.