VANCOUVER, BC, Sept. 21, 2020
/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ)
is pleased to announce that reverse circulation drilling commenced
September 18, 2020 at the advanced
Morley Prospect situated on the Company's wholly owned
~1,100km2 Reo Project, located 150 km west
northwest of the capital of Burkina
Faso, Ouagdougou.
At Morley, where historic
drilling, conducted between 2008 and 2012, intersected shallow
high-grade gold intersections such as:
- 32m @ 17.5g/t from
2m,
- 6m @ 38.9g/t from
8m,
- 2m @ 18.0g/t from
17m,
- 10m @ 9.6g/t from
74m,
- 1m @ 75.5.5g/t from
33m,
- 6m @ 4.1g/t from
60m,
- 8m @ 9.4g/t from
16m,
- 10m @ 7.6g/t from
16m;
Gold mineralisation is hosted by low sulphidation quartz veins
in granodiorite situated ~400m from a regional scale contact
between the granodiorite and greenstones. Modelling of
mineralisation at Morley by Tajiri
suggests that the orientation of mineralisation is parallel to a
set of late tensional structures that are disposed at an high angle
to regional belt strike and such structures elsewhere in Burkina
host significant high grade gold mineralisation e.g. Rox Gold's Yaramoko Mine and West African
Resources' M1 South Deposit.
The purposes of the current 3,600m
drill program are several:
- to test strike and dip continuity of mineralisation over a
400m strike x 130m down dip portion of mineralisation;
- to test the possibility for stacked lodes within a 400m (l) x 250m (w)
x 130m (d) volume mostly above the
main interpreted lode which strikes NW and dips 35-60˚ to the
NE;
- to obtain samples for preliminary cyanide bottle roll
tests;
- to delineate any higher grade shoots and their orientation
within the broader mineralised envelope;
- to lay a solid foundation for step out drilling, along strike,
across strike and down dip; and
- to advance the Morley prospect
toward an initial inferred resource estimate.
Tajiri expects to release first results from its maiden drill
program at Morley within the next
3 to 4 weeks and expects to complete drilling within 5 to 6 weeks.
After which the contracted rig will move 20km south to the
K4-K5 prospect where a further 4,000m
of RC drilling is planned.
The Company also wishes to clarify finder fee amounts
paid on the closing of a non-brokered private placement, as
reported in news released August
19th, 2020 and updated September 3rd, 2020; being that total
finders warrants issued in relation to the offering were 1,116,933
while cash consideration was $191,620. All other details remain the same.
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.