VANCOUVER, BC, March 10, 2021 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSXV:
TAJ) is pleased to announce excellent results from
continuing trench sampling at the Epeius Project Guyana,
South America where trenching is
investigating the on-strike potential of ASX listed Troy Resource's
Limited's Goldstar Prospect located on the southern boundary of the
Project (Figure 1).
The high-grade intersection of 2m @ 62.4 g/t Au was discovered after
extending Trench 001 which as previously announced (Jan 07, 2021) had intersected 1m @ 16.2 g/t Au in its last metre. The
2m @ 62.4 g/t is located 10m across strike from the 1m @ 16.2 g/t and between 4 & 6 metres from
the eastern end of Trench 001. Thus over an
11m interval the Company has
delineated 3m of high-grade gold
mineralization averaging 47 g/t Au. The trench is
almost orthogonal to the strike of mineralization and thus reported
widths are ~ 90% of true.
The two high grade intersections are located on a sub-parallel
structure to and approximately 1,000m
north of Goldstar (Figure 2). The 2m @ 62.4 g/t Au is situated on a major contact,
which can be traced for over 15km, between mafic volcanic rocks and
fine grained, variably graphitic, turbiditic sediments.
This mineralization is completely open down dip and
along strike to the northwest and strike extensions are currently
being trenched. Immediately to the southwest the contact has
been tested by 4 trenches over a strike length of 400m and has been demonstrated to host persistent
but low-grade gold mineralization- peak value 2m @ 0.9 g/t. Furthermore at between 4 and
8 kilometres southeast within the Company's wholly owned Kaburi
project the same contact is associated with significant drill
intersections (e.g. 22m @ 2.7g/t Au)
and soil geochemical anomalism of between 100- 3,450ppb
Au.
Significantly, the high-grade intersection reported today is
associated with a pronounced mapped strike flexure in the
sediment-volcanic contact from N-S to NW (Figure 2) related to a NW
striking, 5-20m wide zone of shearing
mapped in trenches proximal to the contact in this area. In
addition, the observed dip of the contact steepens from 60˚ to 85˚
over a distance of 30m between TR001
& TR004A and the contact exhibits a minor flexure which
juxtaposes the shear zone and sediment-volcanic contact in Trench
001. As such the proximity of the contact to a substantial
shear zone and the change in "architecture" of the contact into
what appears to be the preferred strike orientation of gold
deposits in the district (e.g. Smarts, Hicks) can be viewed as
favorable for extending this high grade
zone.
In detail the 2m @ 62.4g/t is
hosted by a zone of high strain and shear fabric development with
tight metre scale folding in the sediments with weaker shear fabric
development, strong quartz-carbonate veining of up to 30cm
thickness and sulphidation (visible as limonite staining) within
"doleritic" mafic volcanics at the contact (Figure
3). The zone hosting the 1m @ 16.2g/t Au, 10m west of the sediment-mafic contact
mineralization occurs at the contact of two basalt phases a
porphyritic-fragmental basalt to the west and the same "doleritic"
phase which is in contact with the sediments. This contact
between two basalt phases presents as a highly weathered zone of
powdery pervasively limonite-stained clay, fine silica and black
sand with abundant 50% smokey to milky quartz carbonate stockwork
veining of centimetric scale (Figure 4).
Finally, the 2m @ 62.4 g/t
interval was initially assayed at Act Labs Guyana Inc. by
conventional 30-gram fire assay and checked by a 500-gram screen
fire assay. The conventional fire assay returned 61.9 g/t Au
whereas the screen fire assay reported 62.4 g/t Au. Gold
distribution was approximately equal between fine and coarse
fractions with 56% of the gold in the sample reporting to the minus
150-micron (-100 mesh) size fraction which assayed 46.0 g/t and 44%
to the +150 micron category which assayed at 179.4
g/t.
Executive Chairman Dominic
O'Sullivan commented
"This is our third announcement related to ongoing due diligence
assessment at Epeius and with each we have advanced from some early
auger hits (Dec 7, 2020) through some
"warm-up" trench results (Jan 13-2021) to today's high grade hit in
the space of 3 months. I am particularly encouraged in the
co-incidence of the two highest grade intervals so far encountered
by our program with the change in strike of a regional scale known
mineralised contact from N-S to NW and its co-incidence in this
area with a significant shear zone. In the wider region
the preferred strike elongation of gold deposits such as Hicks,
Smarts, Goldstar, Ohio creek is NW
(~ 310˚). Furthermore, a general alignment of topographic
features (small ravines and slope breaks) is highly suggestive that
the strike change associated with mineralisation could persist for
up to 1,000m to the NW the direction
in which mineralization lies open."
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.