News / Business
Tajiri Provides 2012 Exploration Summary
At the OGK Copper Gold Project, after the initial optioning of the project in July 2012, the Company commenced exploration efforts immediately upon exchange approval. Though late in the exploration season a substantial amount of preliminary exploration work was completed, satisfying both the Company's flow-through expenditure obligations and supplying management and technical staff with valuable new geophysical, geochemical and structural data that will allow for a quick start to the 2013 work programs. The 2012 OGK program also confirmed the interpreted structurally-controlled porphyritic intrusion associated with anomalous precious and base metals in soil values and rock samples collected - with the later grading as high as 1.92% Copper and 2.99 g/t Gold. The Company intends to begin work at OGK following approval of mineral exploration permits for its proposed 2013 work, and as soon as weather permits.
In July, the Company began Phase I work at the 100%-owned Kaburi PL Gold Project located in the Mazaruni District, of Guyana, South America. The program marked the first-ever modern exploration efforts undertaken at the Property with Phase I consisting of grid-based soil sampling over a 2km by 5km area. The program was a major success in identifying a large 2 km by 4 km gold-in-soils anomaly punctuated by grades of up to 2.66 g/t (2660ppb) Gold. The Kaburi Gold Project represents a similar exploration target to Azimuth Resources' West Omai project located 2.5 km to the Southwest of Kaburi, which as of June 2012 hosts an NI43-101 compliant 1.22 million ounce Gold resource at the Smarts and Hicks Zones as well as numerous other Gold occurrences surrounding the Kaburi PL. To this end, the Company has based its work thus far on the highly successful processes implemented by Azimuth in making their discoveries. To follow up on the Phase I program, a Phase II effort consisting of power-auger based in-fill soils aimed at tightening the sample locations to 25 metre centres was completed, with positive results providing new priority targets that will drive future drilling programs. Additionally, during the Phase II work a property wide program of lithological sampling was completed in areas of exposed bedrock, marking the first opportunity to assess the hard-rock potential at the Kaburi PL and provided an indication of the lode gold potential within the PL.
A Table of those rock Samples Assaying >0.5 g/t Gold taken from lithological exposures at the Kaburi PL
| Sample Type |
Sample ID |
Location |
Easting |
Northing |
Au g/t |
| Panel Sample 1 by 1m |
GM68 |
Goldstar East |
275864 |
625840 |
15.30 |
| Panel Sample 1 by 1m |
GM60 |
Alywn's Pit |
275309 |
625204 |
9.94 |
| Panel Sample 1 by 1m |
GM67 |
Alywn's Pit |
275309 |
625208 |
9.67 |
| Panel Sample 1 by 1m |
GM59 |
Alywn's Pit |
275309 |
625204 |
5.69 |
| Panel Sample 1 by 1m |
GM43 |
Alywn's Pit |
275318 |
625202 |
3.91 |
| Panel Sample 1 by 1m |
GM147 |
Goldstar NE |
276260 |
626392 |
3.19 |
| Panel Sample 1 by 1m |
GM51 |
Alywn's Pit |
275318 |
625208 |
2.99 |
| Panel Sample 1 by 1m |
GM08 |
Alywn's Pit |
275319 |
625183 |
2.88 |
| Panel Sample 1 by 1m |
GM07 |
Alywn's Pit |
275325 |
625183 |
2.65 |
| Panel Sample 1 by 1m |
GM36 |
Alywn's Pit |
275318 |
625198 |
2.10 |
| Panel Sample 1 by 1m |
GM06 |
Alywn's Pit |
275325 |
625183 |
1.35 |
| Panel Sample 1 by 1m |
GM44 |
Alywn's Pit |
275318 |
625202 |
1.33 |
| Panel Sample 1 by 1m |
GM41 |
Alywn's Pit |
275318 |
625200 |
1.27 |
| Panel Sample 1 by 1m |
GM157 |
SouthEast |
275690 |
624637 |
1.17 |
| Panel Sample 1 by 1m |
GM31 |
Alywn's Pit |
275322 |
625179 |
1.15 |
| Panel Sample 1 by 1m |
GM29 |
Alywn's Pit |
275331 |
625181 |
0.87 |
| Panel Sample 1 by 1m |
GM37 |
Alywn's Pit |
275318 |
625198 |
0.83 |
| Panel Sample 1 by 1m |
GM24 |
Alywn's Pit |
275331 |
625192 |
0.80 |
| Panel Sample 1 by 1m |
GM46 |
Alywn's Pit |
275318 |
625204 |
0.78 |
| Panel Sample 1 by 1m |
GM111 |
Camp |
274074 |
625635 |
0.69 |
| Panel Sample 1 by 1m |
GM33 |
Alywn's Pit |
275318 |
625196 |
0.60 |
| Panel Sample 1 by 1m |
GM12 |
Alywn's Pit |
275318 |
625188 |
0.58 |
| Panel Sample 1 by 1m |
GM138 |
Goldstar NE |
276273 |
626383 |
0.56 |
Links to maps showing soil and rock sample locations:
http://bit.ly/XSR0ya
http://bit.ly/XSR4Og
Given the quality of the analytical results produced from Kaburi in 2012, coupled with the grade and clear structural relationship associated with the highest gold numbers, management was able to confidently define drill targets as a result of the Phase I & II programs. Management is currently soliciting bids from various parties on the first pass drill contract, and anticipates a start to the drilling within the second quarter of 2013.
Paul D. Gray, P.Geo, is the company's qualified person with respect to the Kaburi Gold Project and has reviewed and approved this press release.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil, President, CEO
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.
