VANCOUVER, BC, May 13, 2021 /CNW/ - Tajiri Resources
Corp. (the "Company") (TSXV: TAJ) is pleased to announce
continued excellence in the results from trench sampling at the
Epeius Project Guyana, South
America where trenching is investigating an area broadly on
strike from ASX listed Troy Resource's Limited's Goldstar Prospect
located on the southern boundary of the Project (Figure
1).
The area of investigation is resolving into three zones of
mineralization:
- A high-grade zone: The Magic Crack Zone (or the "MCZ") which is
associated with the contact of variably graphitic sediments and
mafic volcanics where trenching to date has returned
2m @ 61.8 g/t Au,
1m @ 16.2g/t Au,
2m @ 9.2 Au, 2m @ 9.6g/t
Au, 1m @ 4.2g/t Au and
6m @ 3.5g/t including 2m @ 8.0g/t Au over a strike length of
500m
- A low-grade zone: The Pretty Ordinary Zone (or the "POZ") which
is associated with a series of small felsic and
microdioritic/doleritic intrusives that presents as zones
2-20m wide variably grading between
0.1 and 0.8g/t Au with rare values >1.0g/t, along with two
better intersections near the MCZ of 12m @ 2.8g/t and 9m
@ 0.9g/t including 5m @ 1.5g/t.
This mineralization is associated with flat to shallow dipping
quartz vein sets or in the better mineralized intervals with
stockwork veining in or at the margins of the intrusive.
Thus, the POZ may show considerable vertical grade variation
related to density of horizontal vein sets and will require drill
testing.
- The newly discovered on strike extensions of Troy Resources
Goldstar Prospect: The Goldstar Extended Zone (or the "GETZ") which
was intersected in Trench 13 and returned 12m@ 0.6g/t including
3m @ 1.0g/t and 13m@ 0.5g/t including
6m @ 1.0g/t Au.
These intersections are located 880m to the northwest of and directly on strike
from Goldstar where Troy has now commenced trial mining. The two
zones are separated by approximately 35m across strike. Investigation of
the strike continuity between Goldstar and the GEEZ will require
drilling as the entirety of the strike of the GETZ between Trench
13 and Goldstar is covered by alluvium most of which has been
heavily worked by artisanal miners.
The high-grade intersections of 2m @ 9.6g/t and 2m @ 9.0g/t extend mineralization as reported
March 10th, 2021 of
2m @ 61.8 g/t Au and
1m @ 16.2g/t Au to a strike
length of ~ 60m with the two zones
situated 11m apart across strike.
These results produce a coherent zone of 3.5m width averaging 25g/t Au contained within an
11m wide interval of at least
60m strike. Apart from two
other trenches TR1G and TR1J additional trenching along strike to
the NW was unable to track the zone due to either alluvium in a
gully floor where Trenches 1-C &D were located or a lateritic
duricrust, which was too deep (>5m) and hard to penetrate by mechanical
trenching. The lateritic duricrust is part of a
Permian aged erosion bevel that has been mapped in the region and
represents an ancient peneplane which is likely composed of
transported material.
Of the two trenches which effectively tested the on-strike
extensions of the MCZ, Trench 1J intersected 6m @ 3.5g/t including 2m @ 8.0g/t and 1m
@ 4.2g/t Au. 500m to the
northwest of the Trench 1A intersections of 2m @ 61.8g/t and 1m
16.2g/t Au, and Trench 1G which tested the MCZ ~200m to the NW
of the Trench 1 A intersections visually intersected mineralized
material which produced considerable fine gold from panning but no
significant fire assay values. The company is currently
resampling Trench 1G and re-assaying existing visually mineralized
samples and results will be released when available.
As reported previously the MCZ contact zone continues to the SE
and although only low grade mineralization has been
intersected to date it is nonetheless persistent in the 0.5-2.0g/t
range over a width of 2-4 metres.
Figure 1 shows the location of the Epieus project and Figure 2
shows all above discussed mineralized zones and trenched
intersections.
Executive Chairman Dominic
O'Sullivan commented: "I am well pleased with
the results generated at Epeius to date and think investors could
agree with me that we now have a very good chance of generating at
least a modest shallow high-grade resource at the MCZ. I also
have confidence that we will be able to extend the high-grade MCZ
further along strike to the NW as Troy Resources recently announced
RC drill intersections of 11m @
1.9g/t and 6m @ 7.2g/t Au
from the same sediment/volcanic contact which hosts the
MCZ, 1800m to the NW of Trench 1J (see Figure 1). I look
forward to drilling the MCZ and exploring options to bring it into
production, if warranted, after completion of the acquisition of
the Epeius Project."
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. Assays were
conducted as 30-gram fire assays on 1 or 2m composite horizontal channel samples of trench
walls at ISO 9001 certified Actlabs Guyana, located at 27/28
Industrial Area, Beterverwagting, Georgetown Guyana a subsidiary of Activation
laboratories Limited: https://actlabs.com
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.
For results of GCRC083 see: announcement by Troy Resources Ltd:
Further High-Grade Drilling Results at Karouni Gold Project, 18th
March 2021.
http://clients2.weblink.com.au/news/pdf_1%5C02355082.pdf.
Map of Troy's Goldstar Prospect is sourced from their
announcement: Exploration Update, Karouni Project, 4th Jan 2021.
http://clients2.weblink.com.au/news/pdf_1%5C02327864.pdf
SOURCE Tajiri Resources Corp.