VANCOUVER, BC, Aug. 20, 2020 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSX VENTURE: TAJ) is pleased to
announce that it has entered into an agreement with Sahara Natural
Resources (or "Sahara') to provide full support to the Company's
maiden exploration program on the Reo Gold Project located some
130km west of the country's capital Ouagadougou in Burkina Faso. Sahara is a full-service
natural resource contractor and has been providing services
globally since 2010. Sahara is accredited with all major stock
exchanges. The contract envisages 4,000- 7,000m of RC drilling and 1,500- 2,500m of diamond core drilling with all work to
be conducted by and supervised by Sahara. Drilling is
expected to start within the next 2 weeks.
![Tajiri Resources Corp. (CNW Group/Tajiri Resources Corp.) Tajiri Resources Corp. (CNW Group/Tajiri Resources Corp.)](https://mma.prnewswire.com/media/1231555/Tajiri_Resources_Corp__Tajiri_Resources_to_Begin_Drilling_at_the.jpg)
The specific focus of the drill campaign will be at the advanced
Morley and K4-K5 prospects with
drilling commencing at Morley,
where the previous project owner Middle Island Resources identified
through drilling and trenching a potential high grade gold bearing
structure of 3-10m width and 400
metres in strike, The true extent of which remains unknown.
The perspectivity of Morley
is clearly demonstrated by numerous drill and trench intersections
such as:
- KRAC11 32m @ 17.5g/t from
2m,
- MRTR001(trench) 11m @
7.97g/t,
- MRRC005 10m @ 9.63g/t from
74m,
- MRRC040 5m @ 16.9g/t from
33m
- KRC022 10m @7.55g/t from
16m
A minimum of 2,000m of RC drilling
is scheduled for Morley with the
objective of infilling gaps in previous drilling to demonstrating
down continuity and extending the zone along strike. With an
extensive collection of historical data to provide a blueprint the
Company plans to both confirm and expand on the Morley prospect area in the upcoming program,
as there are clear signs of potential for a high grade near surface
orebody similar in nature to other mines in the region.
After drilling Morley
additional work is planned to continue, without pause, at the K4/K5
prospect, where previous scout drilling of approximately 30,000
metres of various methods has identified a large gold bearing
system that to date has been defined to be some 4 x 5 km in size.
In addition, in 2013 an IP survey was conducted which
identified >20 discrete chargeability + resistivity anomalies
which correlate with drill intersected mineralisation such as:
- MRRC0047 13m @ 2.47g/t
from
- MRRB1608 12m @ 3.23 from 4m
- MRRC0081 16m @ 1.95g/t from 7m,
-
- 6m @ 2.27g/t from 54m,
- 13m @ 2.19g/t from 85m
- MRRC0091 10m @ 3.47g/t from 25m
The planned drill program will include 2,000-4,000m of shallow RC drilling to extend strike
from historic drill intersections along the chargeability +
resistivity anomalies. Drilling will be on 50-100m strep outs and will test 2-3 of the
chargeability + resistivity anomalies as proof of concept before
the Company embarks on a resource drilling campaign.
In addition the Company will also test 3-6 deep, highly
prospective, resistivity/chargeability IP targets with
1,500-2,000m of diamond core drilling
to a depth of ~400m. IP surveys have indicated the presence
of 6 targets at depths of between 250m-400m below
surface that are 2-4 times the intensity of shallower targets and
appear 30-50m in width. To date
drilling at K4-K5 has been generally shallow with only 5 diamond
drill holes ranging from 71-190m
depth having been completed. As only one of these drill holes
came close to testing a deeper IP target- MRDD 003 drilled -
to a depth of 170m - which
intersected at the bottom of the hole a silica-chlorite altered
granodiorite which returned 2m @
16.8g/t between 158 and 160 metres. MRDD 003 was drilled in a
down dip direction, did not test the most prospective part of the
resistivity/chargeability target, and therefore the possibility
that a deeper a higher grade mineralisation is related to the
highly altered subsurface intrusion and as such presents an
exploration target of the highest priority.
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.
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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.
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SOURCE Tajiri Resources Corp.