Scale, grade and continuity of anomaly on par with saprolite gold anomalies known to overlie other ~ 2–7million-ounce Birimian gold deposits.
K4 South is demonstrably a rare poly-folded gold system of similar scale to the only other known poly-folded Birimian gold deposit – The 13 Million Ounce Wassa Mine, Ghana.
The Company has also prepared a detailed presentation of results and maps/figures to accompany this release and encourages readers to view it (Here)
https://tajirigold.com/wp-content/uploads/2022/10/Final-Figures-for-K4-South-25-10-2022-press-release-High-res-.pdf (copy paste link)
Tajiri Resources Corp. (TSX-V: TAJ) is delighted to report power auger drilling at the K4 South Prospect, Reo Project, Burkina Faso has discovered, an in-situ, top metre of saprolite, gold anomaly that has all the hallmarks of an anomaly overlying a potentially large world class gold deposit.
K4 South, located at the southern end of the Company’s 1,200 km2 Reo Project in west-central Burkina Faso (Figure 1) is one of an extensive cluster of prospects that were investigated by an ~ 18,000m auger drilling program conducted by the Company between November 2020 and May 20211. Technical details of the program are given in the Appendix, but in brief the auger drilling sampled the top metre of saprolite, below a variable cover of in situ and transported lateritic soils and has thus delineated bed rock/in-situ gold anomalism.
|1||Release of results of these drilling results were delayed until the Company received renewed tenure overlying K4 South (see press release dated October 4, 2022.)|
Key results of the auger drilling program at K4 South and interpretation of the same based on existing extensive data sets are as follows:
In summary the implication of K4 South being of similar size, poly-folded form and potential age to the 13 Moz Wassa deposit are extremely positive and K4 South clearly has superlative potential to host a substantial gold discovery.
“I’m pretty sure we have a monster on our hands. K4 South is our first reported prospect investigated in our 2020-2021 auger drilling campaign and it is just one of several prospects that are likely cojoined within a very large poly-deformed gold system. We look forward to describing results from the other prospects to you shortly.
In our collectively >100 year careers in gold exploration and mining, this is by far and away the most tantalisingly exciting discovery we have made. While it was frustrating to await renewal of tenure it has been worth the wait. The results and the visuals presented here speak for themselves.”
Fixed Stock Option Plan
The Company also wishes to report that it has adopted, and the TSX Venture Exchange has approved a fixed stock option plan that will allow the Company to grant up to 12,575,661 to Employees, Directors and Consultants at a price not less than the discounted market price of the Company’s securities at the date of grant. This will be the only option plan in effect until the Company obtains approval from shareholders of any additional plan through regular proxy voting.
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 who has reviewed and approved its contents.
Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located in two of the worlds least explored and highly prolific 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.
Table 1 Comparing areas of saprolite auger defined anomalism at various gold cut-offs as reported for other Brimian Gold Deposits. Where data is not reported other companies have not reported results for that cut-off grade.
Cut off Au.
|Area m2||Area m2||Area m2||Area m2||Area m2||Area m2|
Results reported today are from a program of ~ 18,000 metres completed in 4,125 auger drillholes drilled between November 2020 and May 2021 at the K4-K5 Prospect. Auger drilling was conducted to infill historic 400 x 100m spaced saprolite auger sampling at varying infill grids; predominantly 200 x 50m regionally and 100 x 25m and 25 x 25m over the K4 South Target. Regional 200 x 50m lines were oriented NW-SE while the 100 x 25m and 25 x 25m auger grids were oriented E-W.
Drilling with hollow stem power auger was conducted and supervised by Sahara Natural Resources and whole samples of 1-4kg were assayed by 50 gram fire assay with a DIBK extraction at SGS laboratories, Ougadougo, Burkina Faso along with standards, blanks and duplicates making up 10% of the assayed samples. Assay sensitivity was 1 ppb Au.
The top metre of textured saprolite was sampled and auger drill holes ranged from 3 to 29m in depth. As saprolite was sampled by our auger program and lateral chemical dispersion of gold in saprolite in the Sahel region of West Africa appears to be minor, detected gold anomalism should be in-situ as confirmed in places by underlying historic RAB and RC drill results.
All samples will be subject to multielement analysis by XRF to allow identification of elements consanguineous with gold mineralisation and the discrimination of lithologies by major and minor element associations.
K4 South is hosted by a package of siliciclastic and volcanoclastic sediments, volcanics intruded by co-sanguineous diorite and granodiorite sills. Volcanics are mostly dacites to andesites with lessor basalts and rare rhyolite. However, due to previous wide spaced historic drilling and lack of outcrop a detailed lithological model for K4 South has not yet been constructed, and though we have analysed all historic multielement data to discriminate lithologies – given the now known poly-folded geology correlation of wide spaced samples is not
For Wassa figure showing Wassa drilling and age of Wassa Mineralisation: Perouty, S et al. The Wassa deposit: A poly deformed orogenic gold system in southwest Ghana- Implications for regional exploration. Journal of African Earth Science 2015
Wassa gold endowment is the total of all resource categories Measured, Indicated, Inferred and past production as reported in: “Wassa Gold Mine NI-43-101 Technical Report March 2021 (M+I = 3.537Moz; Indicated 8.183Moz) Past production ~ 2.197Moz
Sanbrado Resources: Resource Source West African Resource/Reserve Statement 9 March 2021
M1 South Auger results: West African Resources Press Release 15 June 2015.
Namdini Auger Results: Cardinal Resources, Presentation 15 November 2017.
Namdini Resources: Cardinal Resources Ltd. – “NI 43-101 Namdini Gold Project Feasibility Study” November 27 2019.
Banken NE Auger Results: Predictive Discovery ASX press release, 13 October 2020. “92M at 1.9g/t Gold- Diamond drilling Expands Bankan Project.”
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We acknowledge the [financial] support of the Government of Canada.