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Tajiri $TAJ.ca Commences Drilling at the advanced Morley Prospect, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 7:02 PM on Monday, September 21st, 2020

VANCOUVER, BC, Sept. 21, 2020 /CNW/ – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is pleased to announce that reverse circulation drilling commenced September 18, 2020 at the advanced Morley Prospect situated on the Company’s wholly owned ~1,100km2  Reo Project,  located 150 km west northwest of the capital of Burkina Faso, Ouagdougou.

At Morley, where historic drilling, conducted between 2008 and 2012, intersected shallow high-grade gold intersections such as:

  • 32m @ 17.5g/t from 2m,
  • 6m @ 38.9g/t from 8m, 
  • 2m @ 18.0g/t from 17m, 
  • 10m @ 9.6g/t from 74m, 
  • 1m @ 75.5.5g/t from 33m, 
  • 6m @ 4.1g/t from 60m, 
  • 8m @ 9.4g/t from 16m, 
  • 10m @ 7.6g/t from 16m; 

Gold mineralisation is hosted by low sulphidation quartz veins in granodiorite situated ~400m from a regional scale contact between the granodiorite and greenstones.  Modelling of mineralisation at Morley by Tajiri suggests that the orientation of mineralisation is parallel to a set of late tensional structures that are disposed at an high angle to regional belt strike and such structures elsewhere in Burkina host significant high grade gold mineralisation e.g. Rox Gold’s Yaramoko Mine and West African Resources’ M1 South Deposit.   

The purposes of the current 3,600m drill program are several:

  • to test strike and dip continuity of mineralisation over a 400m strike x 130m down dip portion of mineralisation;
  • to test the possibility for stacked lodes within a 400m (l) x 250m (w) x 130m (d) volume mostly above the main interpreted lode which strikes NW and dips 35-60˚ to the NE;
  • to obtain samples for preliminary cyanide bottle roll tests;
  • to delineate any higher grade shoots and their orientation within the broader mineralised envelope;
  • to lay a solid foundation for step out drilling, along strike, across strike and down dip; and
  • 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 3 to 4 weeks and expects to complete drilling within 5 to 6 weeks.  After which the contracted rig will move 20km south to the K4-K5 prospect where a further 4,000m 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 released August 19th, 2020 and updated September 3rd, 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.

Graham Keevil,
President, CEO

Gold Price “Coiling” Suggests Bigger Move Coming Soon SPONSOR: Tajiri Resources $TAJ.ca $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 11:51 AM on Monday, September 14th, 2020

Tajiri Resources Corp is exploring for world class gold deposits in Guyana with 2 exploration properties that could each wield major discoveries, the Gargantuan and Epeius projects. Supported by management that have a track record of discovery with almost 20 million ounces, mostly in Guyana. Click Here for More Info

(Kitco News) – Gold and silver prices are modestly up in early U.S. trading Monday. Gains in the metals are occurring despite better risk appetite in the marketplace to start the trading week. Importantly, recent sideways and choppy price action in gold has produced a bullish coiling pattern on the daily bar chart, suggesting the market is storing up energy for a bigger price move coming soon (possibly this week), and odds favor that price move being on the upside. October gold futures were last up $3.70 at $1,943.20 and December Comex silver was last up $0.163 at $27.02 an ounce.

Global stock markets were mostly up overnight. U.S. stock indexes are set for solidly higher openings when the New York day session begins. Trader and investor risk sentiment is upbeat to start the trading week. There were two big company deals announced over the weekend: Softbank plans to sell chipmaker ARM to Nvidia for more than $40 billion, and Gilead Sciences plans to acquire Immunomedics for $21 billion. Meantime, AstraZeneca said it has resumed its phase-three trial on a Covid-19 vaccine after being suspended last week. Pfizer also announced its vaccine could be distributed before year-end if all goes well with its trials.

Major central bank meetings are in the spotlight this week. The Federal Reserve, Bank of England and Bank of Japan all have monetary policy meetings this week. The Fed’s FOMC meeting will be closely scrutinized following its shift to an easing of its inflation constricts. The question remains how the FOMC puts its new policy into action.

Said an FXTM analyst in an email dispatch Monday: “From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.”

The important outside markets today see the U.S. dollar index lower. Nymex crude oil prices are weaker and trading around $37.00. The yield on the U.S. Treasury 10-year note is trading around 0.67% today.

There is no major U.S. economic data due for release Monday but the report pace picks up rapidly on Tuesday.

Technically, the gold bulls have the firm overall near-term technical advantage, amid recent choppy and sideways trading that has produced the bullish coiling pattern. Prices are still in an overall near-term uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,992.50. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,900.00. First resistance is seen at last week’s high of $1,966.60 and then at $1,972.40. First support is seen at Friday’s low of $1,936.20 and then at $1,925.00. Wyckoff’s Market Rating: 7.0

December silver futures bulls have the firm overall near-term technical advantage. Prices are still in an overall price uptrend on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the August high of $30.19 an ounce. The next downside price objective for the bears is closing prices below solid support at the August low of $23.80. First resistance is seen at $27.50 and then at last week’s high of $27.755. Next support is seen at $26.565 and then at last week’s low of $25.985. Wyckoff’s Market Rating: 7.0.

SOURCE: https://www.kitco.com/news/2020-09-14/Gold-and-silver-storing-energy-for-a-big-breakout.html

CLIENT FEATURE: Tajiri Resources $TAJ.ca Embarks on Maiden Drill Program At Rio Project, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 10:49 AM on Thursday, September 10th, 2020

Reo Gold Project in Burkina Faso is one of 2 Company making gold projects it its property portfolio.  

Maiden Drill Program Initiated: 

  • Drilling contractor hired to conduct up to 7000m of reverse circulation drilling.  
  • Drilling is expected to start within the next 2 weeks. 

Project Focus: Morley and K4-K5 Prospects  

Morley: Prior operator identified a potential high-grade gold bearing structure of 3-10m width and 400 metres in strike. 

Previous drill and trench exploration identified high grade gold; 

  • 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 

There are clear signs of potential for a high grade near surface orebody similar in nature to other mines in the region. 

K4-K5: A large gold bearing system 4 x 5 km in size with 30,000m of previous drill data guiding current exploration. 

Targeting 20 new zones for exploration follow up that correlate with the following past results  

  • MRRC0047  13m @ 2.47g/t from  
  • MRRB1608  12m @ 3.23 from 4m 
  • MRRC0081  16m @ 1.95g/t from 7m, 
    • 6m @ 2.27g/t from 54m,  
    • 13m @ 2.19g/t from 85m 
  • MRRC0091  10m @ 3.47g/t from 25m 

Additionally, Tajiri will also test another 3-6 highly prospective targets with 1,500-2,000m of further drilling. 

FULL DISCLOSURE: Tajiri Resources is an advertising client of AGORA Internet Relations Corp.

Client Feature: Tajiri Resources $TAJ.ca Embarks on Maiden Drill Program At Rio Project, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 9:23 AM on Friday, August 21st, 2020

Reo Gold Project in Burkina Faso is one of 2 Company making gold projects it its property portfolio.  

Maiden Drill Program Initiated: 

  • Drilling contractor hired to conduct up to 7000m of reverse circulation drilling.  
  • Drilling is expected to start within the next 2 weeks. 

Project Focus: Morley and K4-K5 Prospects  

Morley: Prior operator identified a potential high-grade gold bearing structure of 3-10m width and 400 metres in strike. 

Previous drill and trench exploration identified high grade gold; 

  • 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 

There are clear signs of potential for a high grade near surface orebody similar in nature to other mines in the region. 

K4-K5: A large gold bearing system 4 x 5 km in size with 30,000m of previous drill data guiding current exploration. 

Targeting 20 new zones for exploration follow up that correlate with the following past results  

  • MRRC0047  13m @ 2.47g/t from  
  • MRRB1608  12m @ 3.23 from 4m 
  • MRRC0081  16m @ 1.95g/t from 7m, 
    • 6m @ 2.27g/t from 54m,  
    • 13m @ 2.19g/t from 85m 
  • MRRC0091  10m @ 3.47g/t from 25m 

Additionally, Tajiri will also test another 3-6 highly prospective targets with 1,500-2,000m of further drilling. 

FULL DISCLOSURE: Tajiri Resources is an advertising client of AGORA Internet Relations Corp.

Tajiri Resources $TAJ.ca to Begin Drilling at the 100% Owned Reo Gold Project, Burkina Faso $GXS.ca $EDV.ca $IMG.ca

Posted by AGORACOM-Eric at 3:28 PM on Thursday, August 20th, 2020

Past Drill Highlights:

  • 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

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 Ouagadougou in 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- 7,000m of RC drilling and 1,500- 2,500m of diamond core drilling with all work to be conducted by and supervised by Sahara.   Drilling is expected to start within the next 2 weeks.

The specific focus of the drill campaign will be at the advanced Morley and 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 3-10m width and 400 metres in strike, The true extent of which remains unknown.  The perspectivity of Morley is 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 2,000m of RC drilling is scheduled for Morley with 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 Morley prospect 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 Morley additional 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,
    • 6m @ 2.27g/t from 54m,
    • 13m @ 2.19g/t from 85m
  • MRRC0091  10m @ 3.47g/t from 25m

The planned drill program will include 2,000-4,000m of shallow RC drilling to extend strike from historic drill intersections along the chargeability + resistivity anomalies.  Drilling will be on 50-100m strep 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 1,500-2,000m of diamond core drilling to a depth of ~400m.  IP surveys have indicated the presence of 6 targets at depths of between 250m-400m below surface that are 2-4 times the intensity of shallower targets and appear 30-50m in width. To date drilling at K4-K5 has been generally shallow with only 5 diamond drill holes ranging from 71-190m depth 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