Tajiri Resources (TAJ-V) Commences Drilling At The Advanced Morley Prospect, Burkina Faso
Sept 21, '20 - NR
Tajiri Resources Corp. commenced reverse-circulation drilling Sept. 18, 2020, at the advanced Morley prospect situated on the company's wholly owned, approximately 1,100-square-kilometre Reo project, located 150 kilometres west-northwest of the capital of Burkina Faso, Ouagdougou.
At Morley, historic drilling conducted between 2008 and 2012 intersected shallow high-grade gold intersections such as:
32 metres of 17.5 grams per tonne from two metres;
Six m of 38.9 g/t from eight m;
Two m of 18.0 g/t from 17 m;
10 m of 9.6 g/t from 74 m;
One m of 75.5 g/t from 33 m;
Six m of 4.1 g/t from 60 m;
Eight m of 9.4 g/t from 16 m;
10 m of 7.6 g/t from 16 m.
Gold mineralization is hosted by low-sulphidation quartz veins in granodiorite situated about 400 m from a regional-scale contact between the granodiorite and greenstones. Modelling of mineralization at Morley by Tajiri suggests that the orientation of mineralization is parallel to a set of late tensional structures that are disposed at a high angle to regional belt strike, and such structures elsewhere in Burkina host significant high-grade gold mineralization, such as Rox Gold's Yaramoko mine and West African Resources' M1 South deposit.
The purposes of the current 3,600 m drill program are several:
To test strike and dip continuity of mineralization over a 400 m strike by 130 m down dip portion of mineralization;
To test the possibility for stacked lodes within a 400 m (length) by 250 m (width) by 130 m (depth) volume mostly above the main interpreted lode which strikes northwest and dips 35 degrees to 60 degrees to the northeast;
To obtain samples for preliminary cyanide bottle roll tests;
To delineate any higher-grade shoots and their orientation within the broader mineralized envelope;
To lay a solid foundation for step-out drilling, along strike, across strike and down dip;
To advance the Morley prospect toward an initial inferred resource estimate.
Tajiri expects to release first results from its maiden drill program at Morley within the next three to four weeks and expects to complete drilling within five to six weeks. After which the contracted rig will move 20 kilometres south to the K4-K5 prospect where a further 4,000 m of RC drilling is planned.
The company also wishes to clarify finder fee amounts paid on the closing of a non-brokered private placement, as reported in news release dated Aug. 19, 2020, and updated Sept. 3, 2020, being that total finders' warrants issued in relation to the offering were 1,116,933 while cash consideration was $191,620. All other details remain the same.
On Behalf of the Board,
Tajiri Resources Corp.
,
President, CEO |
