At least 1.85 km of mineralised strike
potential indicated.
VANCOUVER, BC, Jan. 15, 2021 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSXV: TAJ) is pleased to
report on the first results (3 of 7 trenches) received from a
trenching program conducted late last year as part of the Company's
due diligence work relating to the acquisition of the Epeius Gold
Project Guyana, South America. The
program was designed to test potential strike extensions of the
Goldstar Prospect, a recent discovery made by ASX listed,
Guyana gold producer, Troy
Resources Limited ('Troy') that is located at and contiguous with
the southern boundary of the Epeius Project. Most importantly these
results represent an extension to the mineralisation found at
Goldstar and are a major step forward in the development of
economic gold resources located just 1km from the haul road being
constructed to connect the area and extend the life of Troy's
Karouni Mine and Mill facility.
Bookended by today's trench results and drilling completed by
Troy at Goldstar that includes RC results such as:
4m @ 24.52g/t from 14m; 6m @ 10.0g/t from 66m; 3m @ 6.03g/t from 76m; 17m @ 2.2g/t from 3m; 16m @ 1.7g/t from 59m; 27m @ 1.2g/t from 9m, the strike potential wholly contained
within the Epeius Project now appears to be in excess of 1,000
metres.
Project location and results are shown in Figures 1 and
2.
Program Details
Seven trenches were excavated between late November and late
December 2020 by Tajiri for a total
of 898m. The trenches have
tested a strike length of ~450m of a total 1,000m of inferred on-strike potential from the
Goldstar Prospect. Trenches were located to follow-up
anomalous gold discovered by a small saprolite auger program
announced 17 December 2020, which
located a broad (~200m wide) zone of gold anomalism in saprolite
(peak 4.0g/t Au) located 1,050m NNW
of the Goldstar Prospect.
All trenches were excavated to approximately 4m depth to where for the most part textures and
structures in saprolite could be mapped. Trenches were
sampled as two metre, horizontal composites of continuous channel
samples, taken from the southern wall of each trench and ~30cm
above the floor of the trench. Results were subject to
conventional 50g fire assay for gold only at Actlabs Guyana.
Results, to date, from the three northern most trenches
(totalling 375m) covering ~
100m of strike have, returned two
significant intersections (see Figure 2):
- 1m @ 16.2g/t Au at the
start of the eastern most trench (TR001). As this was the start of
the trench the trench did not reach textured saprock so it is not
clear the host lithology, but mineralisation is associated with
several sub-vertical quartz-carbonate veins of 10cm width. Within
3m of the intersection mapped
lithologies are sheared fine grained sediments in contact with
basalts another 5m further along the
trench. As such mineralisation is likely related to this contact
zone, which has been mapped by Troy 1.1km to the south but remains
substantively untested by them. The intersection lies outside the
extent of auger sampling and width of this zone is unknown at
present.
- 12m @ 2.84g/t Au located
2m from the end of TR003;
Mineralisation is hosted by quartz + carbonate + sulphide
stock-work veins (1-10cm thick) in a 12m wide dolerite / micro-diorite which though
relatively undeformed and massive has sheared contacts. The
dolerite is interpreted as a semi-concordant sill/dyke co-genetic
with the host package of High MgO basalts which it intrudes. The
mineralised intersection lies ~4m south of the 4.0g/t Au
intersection returned by the eastern most auger hole reported
17th December 2020. Strike
of the dolerite and mineralised stockwork appears from mapping to
be NW but the immediate strike extensions of the zone through
TR-001 located 20m north and TR-005
located 70m south was not tested as
the projected extensions lie under a 4WD track and trenching was
"gapped" to leave the road undisturbed.
- Five vertical channel samples of 2m depth taken from within the mineralised
dolerite and each spaced 1m apart
from the eastern contact of the dolerite and basalt country rock
returned grades of:
-
- 2m @ 3.01 g/t Au; 2m @ 1.67g/t Au, 2m
@ 1.76g/t Au 2m @ 4.34g/t Au,
2m @ 12.72g/t; These channel
samples confirm that the horizontal/sub horizontal components of
the dolerite hosted stockwork are also mineralised.
In addition to the above significant results the northern most
trench (TR002) which tested the full extent of the auger line
drilled last year revealed several zones of gold anomalism best
result being 16m @ 0.14g/t
located beneath the auger hole which returned 0.70 g/t
Au. This anomalous zone is associated with the sheared
contacts of and flat vein sets within a small, 8 m wide, fine grained felsic intrusive. It
remains to be seen if this zone may develop into higher tenor
mineralisation along strike when further results are received.
ADDITIONAL POTENTIAL
New results reported by Troy on 4th January 2020, better define mineralisation at
Goldstar, than when our trench program was executed, and show that
gold mineralisation is largely constrained within a dolerite /
mafic unit hosted within a basalt that exhibits elevated MgO and
Cr2O3. The orientation of the host
dolerite/mafic unit and mineralisation is resolving into a NW ~310˚
to 320˚ strike with a vertical to sub-vertical dip to the east. In
addition, some mineralisation is associated with small felsic
intrusives. Mineralisation appears to average ~ 10m true width and has been delineated by Troy
for a strike length of ~500m.
Tajiri's work along strike from Goldstar has to date been
predicated on Troy's earlier results where mineralisation was
inferred to have a more NNW strike. It is therefore a strong
possibility, on the basis of Troy's most recent data showing
mineralisation to strike NW, that Tajiri's work to date has located
a parallel zone of mineralisation or a splay off the main Goldstar
mineralisation and that the strike extensions of the main Goldstar
zone within the Epeius Project has not yet been tested by
Tajiri. This presents a second target structure with a
potential strike contained within this portion of the Epeius
Project of ~ 2,000 metres (see Figure 2).
FUTURE WORK
The Company plans to recommence work at Kaburi and Epeius
following easing of the wet season in the next few
weeks. Work following-up from completed trenches will
include:
- Extending TR001 to define the complete width of the
1m @ 16.22g/t intersected at
the start of this trench and trenches to follow this mineralisation
along strike if warranted
- Trenching along strike from the 12m @ 2.84g/t intersected in TR003 to define
this zone of mineralisation
- Magnetic susceptibility work of lithologies to indicate if a
ground magnetic survey is warranted
- Trenching to test the interpreted NW strike extensions strike
of the main Goldstar mineralisation which is projected to run
approximately parallel to and ~ 100-200m south west of the area tested by Tajiri's
already completed work
- Once trenching at Epeius is completed the excavator will locate
4km to the south to test strike extensions of mineralisation
intersected in the Company's 2013 Kaburi RC drill program
(22m @ 2.7g/t and 8m @ 6.5g/t)
- Later, but in approximately two months reconnaissance drilling
will be conducted to test trench intersections at depth and that
portion of the Goldstar zone (~650-750m of strike proximal to the Goldstar
Prospect), which is covered by alluvium that has been heavily
worked by artisanal miners over the past hundred years.
CHAIRMAN'S COMMENT
Dominic O'Sullivan, Executive
Chairman of the Company commented:
"I am pleased that our first modest work programs conducted late
last year in Guyana have returned
significant results right out the gate for an expenditure of around
USD50,000 (12 auger holes & 7
trenches). We have leveraged our knowledge of the
Kaburi-Epeius region, publicly available information from Troy's
exploration and a modest budget into results that have manifest
potential to become resources located within trucking distance of
Troy's Karouni Mill. It's early days, but today's
results confirm that the Goldstar structure or a splay from it
continues into Tajiri's ground and we have 1,850m of strike awaiting results or to test with
1,000m bookended by Troy's and
our results. With the newest results released by Troy being
strongly suggestive that we are still to test the main Goldstar
zone an additional 2,000m of strike
potential can be added for a total 4,000m of mineralised strike potential to this
wide-open system. Given the potential strike lengths, widths
and grades of mineralisation indicated by both Troy's and our work
and proximity to the Karouni mill it is clear to me that we are at
the beginning of delineating a potentially substantial economic
gold deposit."
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.