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Tajiri Resources Corp. is an exploration company with principal mineral interests located in Burkina Faso and Guyana. The Company owns a 100% undivided interest in the Reo Gold Project, a regional scale, advanced stage exploration project in Burkina Faso. Tajiri has also recently entered into a non-binding Letter of Intent to acquire two prospective gold projects in Guyana, South America - the Gargantuan Project, located in the Mahdia region, and the Epeius Project (contiguous with Tajiri's existing Kaburi Project) located in close proximity to the one million tonne per annum Karouni Mine of Troy Resources Limited (ASX: TRY). On March 10, 2021, Tajiri announced it hits high grade 2m @ 62.4 g/t Au at Epeius.
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Burkina Faso
Burkina Faso has rapidly become the third largest Gold producing nation in Africa having had more than 12 major gold mining projects come into production over the past 10 years, underlain by two of West Africa's premier greenstone terrains it provides ideal conditions for gold exploration and development with a high probability of success. A mining friendly government regime, highly capable and well educated local workforce all provide for one of the worlds premier exploration and mining jurisdiction.
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 Reo Gold Project |
In Burkina Faso, Tajiri owns a 100% undivided interest in the Reo Project, which is a regional scale, advanced stage, gold exploration project covering 1,002 square km at the confluence of the prolific Houndé and Boromo greenstone belts which are hosts to several substantial gold deposits of including: Karma 3.8Moz (Endeavour Mining), Houndé 4.9Moz (Endeavour Mining), Mana 8.6Moz (Endeavour Mining) and Bissa 6.6Moz (NordGold) (reported inclusive of all P&P reserves and all M, I&I Resources).
The Reo Gold Project is located some 130km west of the country's capital Ouagadougou with excellent access to infrastructure, electricity, rail line and water supply.
Previous work has resulted in the discovery of two advanced exploration targets in the form of the near surface K4/K5 Zone, and the high-grade Morley Zone, where results are typified by holes MMRC096 intersecting 12m at 4.99 g/t Au, and KRAC011 with 34m at 16.48g/t Au, respectively.
On December 8, 2020, Tajiri reported initial results from first pass RC drilling at the Morley Prospect that highlights:
- 11m @ 8.6g/t Au including 3m @ 30.9g/t Au
- new orientation model confirmed
- Potential to greatly expand Morley opens
See news for more details >>>
The results reported are the product of a drill program designed as a first test of Tajiri's new model for the orientation of mineralisation at Morley. These results, when combined with historic drill intersections, largely confirm the new model and opens new and hitherto sparsely to completely unexplored strike and dip directions to expand Morley.
Next steps at Morley: Given the evidence for a second structural control on mineralisation, Tajiri has adopted to undertake deep trenching and pitting to gather structural data and map dominant vein orientations within the shear zones. Once this is done drill direction/s which is currently on NE-SW lines drilling to SW can be optimised to intersect vein sets within the shear zones to give representative grades and investigate potentially higher-grade plunging intersection shoots.
It is expected that trenching will commence early Q1 2021 after a contract excavator completes its work at K4-K5.
After drilling Morley additional work is planned to continue 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.
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Approximately USD$8 million spent on exploration since the mid-2000s by both Newmont Ventures, Newmont's Exploration Subsidiary and Middle Island Resources, contains two advanced prospects:
The Morley Prospect - Near-surface reverse circulation (RC) and aircore drill intercepts include: KRAC011-aircore: 34m @ 16.48g/t, KRAC128-aircore: 39m @ 2.62g/t, KR020-RC: 38m @ 2.33g/t, KRC022-RC: 10m @ 7.55g/t, MRRC0005-RC: 10m @ 9.63g/t.
The K4-K5 Prospect - The focus of a majority of the previous work on the project was discovered as a result of large regional geochemical sampling over areas of extensive artisinal mine workings. Rotary air blast (RAB), aircore, RC and diamond drill intercepts include: MRRB0076-RAB: 44m @ 1.48g/t, including 12m @ 4.11g/t, MRRB009-RAB: 8m @ 8.20g/t, MRRB1611-RAB: 8m @ 4.68g/t, MRRB0062- RAB: 12m @ 3.99g/t, NAC037-aircore:- 18m @ 2.5g/t, NAC027-aircore: 18m @ 2.51g/t, MRRC0081-RC: 16m @ 1.95g/t, and 13m @ 2.19g/t, MRRC0091-RC: 10m @ 3.47g/t, MRRC0047-RC: 13m @ 2.33g/t, MRDD001-diamond: 3m @ 11.5g/t including 1m @ 23.2g/t and MRDD003-diamond: 2m @ 16.8g/t including 1m @ 31.9g/t.
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Guiana Shield
The Guiana Shield remains one of the most prospective locations globally for the discovery of world class orogenic gold deposits. The countries of Guyana, Suriname, French Guiana all contain large greenstone belts, from which many more significant gold discoveries are expected to emerge in the coming years. The Guiana Shield is already well-endowed with substantial gold deposits. So far, at least 15 gold mines and deposits hosting an estimated 110 million ounces of gold have been recognized in the Guiana Shield. There are currently two large scale gold mines active in the Guyana Shield: the Aurora mine, operated by Guyana Goldfields (TSX:GUY), and the Karouni mine, operated by Troy Resources (ASX:TRY).
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Kaburi Gold Project |
The Kaburi Project encompasses approximately 2,597 hectares in the Mazaruni mining district, Guyana. The Kaburi Project is located 4 kilometres northeast of the currently operating Smarts Mine. The Smarts and Hicks Mines (Karouni Project, 100% Troy) were formerly known as the West Omai deposit, which was discovered in 2011 by Azimuth Mining who delineated 16.7Mt @ 3.1g/t Au for 1.65Moz of gold.
Creeks in the area have been a major focus for alluvial gold mining. In places, gold has been won from weathered quartz veins hosted by saprolite. At the Smarts and Hicks deposits, gold mineralisation is hosted by quartz veins controlled by steep northwest-trending shear zones. Similar gold-bearing quartz veins occur in the project area, subparallel to the Smarts-Hicks Shear.
The Kaburi Project contains a strong 4.0x0.7 km gold-in-saprolite anomaly, drill tested over only 120 m of strike, which has returned intercepts of up to 8m @ 6.5g/t and 22m @ 2.7g/t Au. The anomaly is underlain by an interpreted fold repeat of the "Mine Unit" which hosts the Hicks and Smarts deposits to the south of the Project.
Epeius Gold Project | |
Epeius Gold Project is located 6 kilometres north of the Karouni Gold Mine operated by ASX listed Troy Resources Limited (ASX:TRY) and 600m from Troy's new Ohio Creek discovery. The Epeius Project is also contiguous with Tajiri's wholly owned Kaburi Property.
On March 10, 2021 Tajiri announced a high-grade intersection of 2m @ 62.4 g/t Au was discovered after extending Trench 001 which as previously announced (Jan 07, 2021) had intersected 1m @ 16.2 g/t Au in its last metre. The 2m @ 62.4 g/t is located 10m across strike from the 1m @ 16.2 g/t and between 4 & 6 metres from the eastern end of Trench 001. Thus over an 11m interval the Company has delineated 3m of high-grade gold mineralization averaging 47 g/t Au. The trench is almost orthogonal to the strike of mineralization and thus reported widths are ~ 90% of true.
The Epeius Project covers a ~17 kilometre strike of the greenstone belt (referred to as the "Tallman Corridor" by Troy) which hosts Troy's recently discovered Ohio Creek Deposit with a maiden inferred resource estimate of 2.2 Mt @ 1.9g/t and where trial mining is about to commence.
The Tallman Corridor is associated with extensive alluvial artisanal workings and anomalous stream sediment geochemistry along the entire 17 kilometres of strike encompassed by the Epeius Project.
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The Epeius Project also contains several targets for immediate drilling which consist of immediate on-strike extensions from: primary artisanal
workings, soil geochemical anomalies and several shallow economic drill intercepts generated by Troy at the boundary of the Project including:
- 45m along strike from 16m @ 1.0g/t from 31m & 1m @ 9.0g/t from 87m, with 2 km of potential strike continuation of the Mine Unit.
- 200m away from the Babylon's Pit, the second largest artisanal bedrock working in the district with 1.8 km potential strike.
- 10m away from 6m @ 4.1g/t & 3m @ 11.2g/t- 2000m potential strike
- 600m along strike from 11m@5.1g/t from 71m, 7,500m of strike potential
- Drilling immediately on strike and at depth from Tajiri's 2013 drill intercepts of 22m @ 2.7g/t and 8m @ 6.5g/t.
Gargantuan Gold Project | |
The Gargantuan Project covers a 4 to 6.5 kilometres strike of the source area ("the Gargantuan Source") that has given rise to the largest coherent concentration of artisanal gold workings in the Guiana Shield.
The Gargantuan Source has a total interpreted strike of 9-12km, and the Project area of 2,390 hectares, encompasses 40-50% of this interpreted strike length.
Within the Guiana Shield, the artisanal workings associated with the Gargantuan Project are an order of magnitude larger than workings related to most other known > 1 Moz gold deposits and are only equalled in area by those of the Giant ~45 Moz Las Cristinas+Brisas gold deposit.
The Gargantuan Source is well defined by the upstream/uphill limits of alluvial, colluvial and lateritic gold workings and appears contiguous over 9 kilometres strike with every creek flowing from it or over it and almost every slope downhill from it having been worked at some point since the 1880s.
Along strike from the Project's boundaries, recent work by Goldsource Mines Inc. (TSXV: GSX) has identified a north-south striking chargeability and resistivity anomaly co-incident with the Gargantuan Source.
Furthermore, early stage diamond drilling of the Gargantuan Source, by Goldsource has returned numerous, mostly shallow, high tenor gold intersections over a strike length of approximately 2 kilometres with results including 69m @ 6.5g/t from surface, 80m @ 2.0g/t from surface, 57m @ 2.6g/t from surface, 50m @ 2.9g/t from surface, 10.5m @ 9.9g/t from 81m, 4m @ 25.2g/t from 258m.
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Dominic O'Sullivan - Executive Chairman, Director
Dominic O'Sullivan is a gold geologist with a proven record of success. He most recently discovered the 1.65Moz Karouni gold deposit in Guyana, which is currently producing 100,000oz per annum for Troy Resources Ltd. Dominic was the founder of Azimuth Resources, which was acquired by Troy Resources for US$180M. Dominic has been resident in Guyana for 18 years and is the Australian Honorary Consul for the Country. Mr. O'Sullivan is responsible for the planning and execution of all exploration related activities as mandated by the board and through a vast network of industry contacts is able to facilitate the Company's exploration efforts on a global scale.
Graham Keevil - President & Chief Executive Officer, Director
Mr. Keevil brings more than 15 years experience in the mineral exploration and mining business and is a third generation member in a long line of mining and financial industry professionals. Since 2004 he has worked exclusively with publicly traded resource issuers providing financial, management, capital market, and corporate communication services through all stages of the development cycle. He has been instrumental in transactions and financings valued at over $50 million within the precious and base metal sectors advancing opportunities throughout North and South America. As President and CEO of Tajiri Resources he oversees the day to day operations, strategic planning and corporate affairs of the Company. Mr. Keevil has completed the Mining and Exploration Technology Program at BCIT as well as the Canadian Securities Course.
Bilal Bhamji - Chief Financial Officer, Secretary and Director
Mr. Bhamji, a graduate and class valedictorian of Vancouver Community College, BC has over 13 years of experience in accounting and finance. He is also the President of Bhamji Taxation Services Inc. a private company offering personal and corporation management and accounting services since 2006.
Robert Power, Independent Director
Robert is a life long mining and exploration professional, having working in the natural resource industry in various forms for over 30 years. He is a long-time resident of Guyana and will help manage local Governmental and Community Operations.
Roger Connors, Independent Director
Mr. Connors is an entrepreneur and consultant based in Toronto, Ontario with more than 25 years in the mining, oil; gas and financial technology industries. He has worked in several countries including Mexico, USA, Brazil and Guyana for both private and publicly traded companies. Mr. Connors sits on the board of numerous companies including Southern Sky Resources Corp. and Guyana Au Corp Inc., which have been investing in Guyana's gold mining sector since 2011. He was the CFO for National Gold Corporation, which merged to form Alamos Gold Inc. and was an officer of Kimber Resources Inc. Mr. Connors holds a Bachelor of Business Administration (BBA) from Acadia University and completed the Canadian.
Graham Keevil
President, CEO
Phone: (604) 642-0115 / 1(866) 345-0115
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Corporate Office:
Address: Suite 608, 409 Granville Street, Vancouver, British Columbia, Canada V6C 1T2
Email: info@tajirigold.com
Web site: www.tajirigold.com
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Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the Tajiri Resources Corp. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Tajiri Resources Corp. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change.
This document includes the use of inferred resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The noted assessment results are preliminary in nature and there is no assurance the mining scenarios outlined would ever be realized. This document uses the terms "measured" "indicated" and "inferred" resources. We advise U.S. investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission do not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories would ever be converted to reserves. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its employees, officers or directors guarantees the accuracy or completeness thereof, nor shall any of them be liable to the user or to any other person, firm or corporation whatsoever for any inaccuracies, errors or omissions contained herein nor for any damages arising therefrom or occasioned thereby. Investcom is not an investment advisor, readers are highly recommended to consult his Financial Advisors before making any investments related to any specific companies mentioned in Investcom's web site. The use of this profile is limited to the recipient. Review of this profile by any other party is expressly not authorized.
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Forward Looking Statements:
All statements in this company profile, other than statements of historical fact, may be forward-looking statements. These statements relate to future events or future performance. Forward-looking statements are often but not always identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.
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