VANCOUVER, BC, April 18, 2023 /CNW/ – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is pleased to detail historic Diamond, RC, Aircore and RAB  drill results, that have not yet been made explicit in past announcements as they pertain to the potential of the K4-K5 prospect.  This announcement focuses on drilling at K4 North only, representing approximately 5% of the area of the greater K4-5 prospect, where historic drilling has been most closely spaced but is nonetheless very widely spaced by industry standards having been conducted on a line spacings of mostly 200m 400m & 500m with limited infill at 100m line spacings. 

The headlined shallow drill intercepts (almost all above 60m vertical depth) together with recently announced (March 7, 2023) saprolite auger results and extensive bedrock artisanal workings demonstrate the excellent potential for K4 North Prospect to host a very substantial gold deposit, amenable to open pit mining.  The potential for the prospect to also host significant higher grades pods as evidenced by the numerous >4g/t drill intercepts over widths of 3-12m¹ is also considered to be high.    It is important to note that historic drilling was conducted distal to the large area of artisanal bedrock workings that span some ~ 600 x 300m at K4 North and as such drilling, despite returning handsome results, has only possibly tested areas of lessor gold mineralisation.

Location of the Reo Project and K4-5 and K4 North Prospects are shown in Figure 1.  The location of the K4-North Prospect within the larger K4 Prospect (North, South and West) along with potential interpreted mineralised envelopes of interpreted fold-controlled mineralisation as shown in our March 7^th 2023 press release are shown in Figure 2.  Significant gold drill intercepts from K4 North are listed in Table I and shown in Figures 3 & 4.

A cross section of selected drill results, along with coincident IP results is presented in Figure 5 which demonstrates that gold mineralisation occurs in several composite zones of up to 100 metres apparent width comprised of several zones each of several tens of metres apparent widths. True width remains to be ascertained through further work.

Significant Artisanal Workings at K4 North

The area of bedrock artisanal shafts at K4 North is large and covers an impressive area of ~ 64,000 m² (Figures 3, & 7)  These workings are substantial, forming in their own right, about 1/5^th of the known bedrock workings (308,000m²) within the larger K4 prospect.  As such workings at K4 North compare favourably in scale to workings known to overly other large (4-7Moz) West African gold deposits (as detailed in our March 7 press release). 

Furthermore, as noted in that press release and exemplified in Figures 6, 7 & 8 areas of artisanal bedrock workings closely correlate with the known extent of economic mineralisation at numerous other West African gold deposits and where no other data is available bedrock shaft workings can serve as a very good indicator of the potential scale of a deposit.   In fact a general trend is for the area of artisanal bedrock workings to mostly under represent areas of drilled resources as evident at Kiaka and Namdini (Figures 7 and 8).

Beyond the absolute scale of the workings at K4 North several other features of the workings appear to indicate an excellent chance for hitherto untested mineralisation to underly the workings.

In form, the K4 North bedrock workings do not follow a linear “shear hosted” disposition, but a sinuous contorted form that strongly suggests mineralisation is localised within fold noses and is of substantial scale (Figures 11 & 12).  Fold axes are interpreted to be NNW striking and the largest central fold closure evident in the workings some 120m wide with a strike length of 330m metres (Figure 12). 

As such the form of workings is strongly supportive of the Company’s poly folded interpretation of mineralisation within the wider K4-K5 system and a comparison of the form of the K4-North and K4 South Artisanal workings with the form of bodies at the fold hosted Homestake deposit is shown in Figure 14.  

Details of Historic Drilling

At K4 North drilling has been conducted as follows:

Interpretation

Given the wide spaced drilling conducted to date it is not possible to give a definitive interpretation of the form of mineralisation represented by drill intercepts and interpretation remains highly speculative.   However, as a work around a range of possible interpretations may be given with mineralisation intersected by drilling along with areas of bedrock artisanal workings utilising varying orientations and degrees of inferred continuity to arrive at a target size range. 

The Company illustrates 6 possible interpretations in Figure 13 and note that the surface area of drilled and bedrock working mineralisation ranges from ~79,000 m² to 195,800m^2, the lowest area being a conservative interpretation which infers little continuity between drill intersections and the largest area inferring near continuous zones of mineralisation.  Assuming a down dip continuity of 200m, average depth to fresh rock of 60m (average supported by drilling) and SGs of 1.7 and 2.65 for oxide and fresh rock respectively gives “back of the envelope” target tonnages of between 37 – 93 million tonnes for K4 North.

We however do caution that such a target tonnage remains highly speculative, with depth continuity of mineralisation being the largest unknown.

Next Exploration Steps

The company considers the following step warranted to progress exploration at K4 North:

Chairman’s comments

We are pleased to note that K4 North represents a first-rate gold target with initial drilling having returned excellent results over substantial widths that are open and clearly part of a much larger system.  The system is at an early stage of understanding and as such the company looks forward now to rapidly progressing exploration towards ultimately defining what could be a very substantial 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 who has reviewed and approved its contents.  

On Behalf of the Board,
Tajiri Resources Corp.

Graham Keevil,
President & CEO

Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located in two of the worlds least explored and highly prolific  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.

^{_____________________________________
1} In the K4 North Area there are 9 intercepts better than 3m and better than 4g/t with average width and grade of 5.9m @ 6.4g/t

SOURCE Tajiri Resources Corp.