Silvercorp Metals Inc. press release
Tajiri Resources to Begin Drilling at the 100% Owned Reo Gold Project, Burkina Faso
TSX - Toronto Stock Exchange · Silver · Gold · Lead · Zinc · Copper · Canada
Canada NewsWire
VANCOUVER, BC, Aug. 20, 2020
VANCOUVER, BC, Aug. 20, 2020/CNW/ - Tajiri Resources Corp. (the "Company") (TSX VENTURE: TAJ) is pleased to announce that it has entered into an agreement with Sahara Natural Resources (or "Sahara') to provide full support to the Company's maiden exploration program on the Reo Gold Project located some 130km west of the country's capital Ouagadougouin Burkina Faso. Sahara is a full-service natural resource contractor and has been providing services globally since 2010. Sahara is accredited with all major stock exchanges. The contract envisages 4,000- 7,000mof RC drilling and 1,500- 2,500mof diamond core drilling with all work to be conducted by and supervised by Sahara. Drilling is expected to start within the next 2 weeks.
[](https://mma.prnewswire.com/media/1231555/Tajiri_Resources_CorpTajiri_Resources_to_Begin_Drilling_at_the.html)
The specific focus of the drill campaign will be at the advanced Morleyand K4-K5 prospects with drilling commencing at Morley, where the previous project owner Middle Island Resources identified through drilling and trenching a potential high grade gold bearing structure of 3-10mwidth and 400 metres in strike, The true extent of which remains unknown. The perspectivity of Morleyis clearly demonstrated by numerous drill and trench intersections such as:
KRAC11 32m@ 17.5g/t from 2m, MRTR001(trench) 11m@ 7.97g/t, MRRC005 10m@ 9.63g/t from 74m, MRRC040 5m@ 16.9g/t from 33m KRC022 10m@7.55g/t from 16m
A minimum of 2,000mof RC drilling is scheduled for Morleywith the objective of infilling gaps in previous drilling to demonstrating down continuity and extending the zone along strike. With an extensive collection of historical data to provide a blueprint the Company plans to both confirm and expand on the Morleyprospect area in the upcoming program, as there are clear signs of potential for a high grade near surface orebody similar in nature to other mines in the region.
After drilling Morleyadditional work is planned to continue, without pause, at the K4/K5 prospect, where previous scout drilling of approximately 30,000 metres of various methods has identified a large gold bearing system that to date has been defined to be some 4 x 5 km in size. In addition, in 2013 an IP survey was conducted which identified >20 discrete chargeability + resistivity anomalies which correlate with drill intersected mineralisation such as:
MRRC0047 13m@ 2.47g/t from MRRB1608 12m @ 3.23 from 4m MRRC0081 16m @ 1.95g/t from 7m, MRRC0091 10m @ 3.47g/t from 25m
The planned drill program will include 2,000-4,000mof shallow RC drilling to extend strike from historic drill intersections along the chargeability + resistivity anomalies. Drilling will be on 50-100mstrep outs and will test 2-3 of the chargeability + resistivity anomalies as proof of concept before the Company embarks on a resource drilling campaign.
In addition the Company will also test 3-6 deep, highly prospective, resistivity/chargeability IP targets with 1,500-2,000mof diamond core drilling to a depth of ~400m. IP surveys have indicated the presence of 6 targets at depths of between 250m-400mbelow surface that are 2-4 times the intensity of shallower targets and appear 30-50min width. To date drilling at K4-K5 has been generally shallow with only 5 diamond drill holes ranging from 71-190mdepth having been completed. As only one of these drill holes came close to testing a deeper IP target- MRDD 003 drilled - to a depth of 170m- which intersected at the bottom of the hole a silica-chlorite altered granodiorite which returned 2m@ 16.8g/t between 158 and 160 metres. MRDD 003 was drilled in a down dip direction, did not test the most prospective part of the resistivity/chargeability target, and therefore the possibility that a deeper a higher grade mineralisation is related to the highly altered subsurface intrusion and as such presents an exploration target of the highest priority.
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. | | | | 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. |
SOURCE Tajiri Resources Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2020/20/c2012.html
Tajiri Resources Corp., Graham Keevil, President, CEO, 604-642-0115 or Toll Free 866-345-0115, info@tajirigold.com, www.tajirigold.comCopyright CNW Group 2020