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Tajiri $TAJ.ca Samples In-Situ, High Grade Gold during trenching and Auger Drilling Geochemistry Due Diligence Programs on Epeius Project, Guyana $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-JC at 10:54 AM on Friday, December 18th, 2020
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  • Peak Value of 4.0g/t Au in Auger
  • Within Broad 240m Wide Zone of Bedrock Gold Anomalism
    New Discovery with  Potential Strike Length of 1,800m

VANCOUVER, BC , Dec. 18, 2020 – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is excited to announce preliminary, yet outstanding results from a small, single line twelve hole, 25m spaced auger programme sampling the top 2 metres of saprolite at the Epeius Project. The program, tested the extrapolated strike extensions of known gold mineralisation currently undergoing resource definition drilling by Troy Resources Limited (ASX:TRY or ‘Troy’) at their Goldstar Prospect where initial drill and trench results reported to date demonstrate the potential for several sub parallel zones with highlights that include :  RC drilling: 6m @ 10.0g/t from 66m ; 17m @ 2.2g/t from 3m ; 16m @ 1.0 g/t from 31m , 16m @ 1.7g/t from 59m Trenches horizontal at surface : 13m @ 3.3g/t; 8m @ 3.0g/t, 7m @ 2.9g/t; 10m @ 1.0g/t; & 11m @ 1.5g/t.

The auger results reported today indicate potential for a significant zone of gold mineralisation, within a small portion of the Epeius Project, over a potential 1,800 metres of strike length (see Figure 2 ).  The zone of potential extends 1,150 metres from the Project’s southern boundary which is contiguous with the Goldstar Prospect, through the auger holes and onward for  650m to the Project’s northern boundary,where weaker but persistent soil gold anomalism has been encountered by Troy.

The zone of gold anomalism outlined by the auger holes is ~230m wide @ >40ppb and includes the following higher gold in saprolite values of: 4,034 (4.03g/t), 702, 251, 276 & 113 ppb Au.  Auger Holes were drilled at depths between 4 to 7 metres and the last two metres where saprock textures were visible was sampled and assayed by 1kg, 24 hour cyanide leach with an accelerant. The values are therefore in-situ bedrock values and the width of the zone of gold anomalism which topographically lies at the uppermost of a ridge that has not been substantially effected by mechanical lateral dispersion – more typical of gold in soil anomalies.

Mineralisation in this part of the Epeius Project is hosted by early Proterozoic greenstones of the Barama Mazaruni Supergroup and is associated with a NNW trending zone of regional shearing (the Gem Creek Corridor), which extends for at least 20km strike and which for most its known strike approximately follows the contact of a geochemically distinct basalt which displays high magnesium and chrome contents.  This basalt has been identified by Troy as the same unit which hosts the Smarts and Hicks deposits (15.5Mt @ 2.3g/t of NI43-101 compliant M+I+I resources reported pre-mining 9 th September 2014 ) nine kilometres to the south.

Significantly, of the 1,150 metres of strike potential between the Company’s line of auger holes and Troy’s resource drilling the projected mineralisation is completely covered by alluvium for 600m of strike and partially covered for 400m of strike.  As such the company’s auger holes were located in the first area on strike from Troy’s Goldstar Prospect where a transect of the full width of the mineralised trend projecting from Goldstar could be tested. Furthermore, all creeks in near vicinity of the auger holes have been worked repeatedly and extensively by artisanal miners and the area where the potential mineralisation is completely covered for 550m of strike, immediately adjacent to Goldstar, is the upstream starting point for a prodigious area of artisanal alluvial mining varying between 200 and 800 metres width and extending downstream along the flats of the West Kaburi and Kaburi Rivers for 15,000 metres.   As such the scale of alluvial workings suggest that the Goldstar Prospect and its indicated strike extensions through the Epeius Project is a bedrock gold source of considerable, but yet to be determined size.

When received, the Company considered the auger results worthy of immediate follow-up and consequently an excavator commenced trenching at Epeius, December 3 rd 2020, along the line of auger holes and south over a strike of  ~400m along strike, across projected areas of mineralisation where not covered by alluvium.  To date approximately 600 linear metres has been excavated in seven trenches to a depth of ~ 4m to in situ saprolite exhibiting bedrock and mappable textures.

First assay results from the trench programme are expected within two weeks but examination of the trenches confirms several potentially mineralised zones similar to gold mineralisation described by Troy resources at Goldstar.  These include possible gold mineralisation at the contacts between the high MgO basalt with small felsic intrusive bodies of (2- 15m width) and with small dolerite bodies of (4- 12m width) within the High MgO basalt.  Potential gold mineralisation appears as both stock works and shallow dipping vein sets within the felsic intrusive bodies and dolerites and as highly oxidised, iron oxide rich “black coated” often boudinage quartz veins within highly strained MgO basalt.   In particular, the peak 4.0g/t value from auger drilling corresponds with a 4- 12m wide dolerite which exhibits a well-developed stockwork of 1-30cm wide quartz-carbonate veins and the next highest value of 0.7g/t was located within a fine grained felsic intrusive of approximately 8m width which exhibited well developed NW striking, flat to 20 dipping quartz veins and minor stockwork veining and veinlets. (see plates 1, 2 & 3)

Background

The Epeius Project, comprised of 9,300 hectares of tenements granted for gold and precious metals is contiguous with the Company’s wholly owned Kaburi Project of 2,600 Ha.  The combined projects are located in Guyana South America , 165km southwest of the country’s capital Georgetown and between 3.5 and 25 kilometres from the 1 Mtpa Karouni Mine Mill of Troy resources.  35 km to the ESE lies the Omai gold mine which produced 3.7Moz @ 1.3g/t. Results subject of today’s announcement are located 9 km north of the Karouni Mine Mill.

The Acquisition of the Epeius Project by execution of a binding LOI was announced 24 th June, 2020 and is pending share approval at the Company’s next AGM scheduled for 2 nd February, 2020. Sampling reported today has been undertaken as part of the company’s Due diligence on the Epeius Project.

The Chairman’s Comments

Executive Chairman, Dominic O’Sullivan observed:  “Having worked extensively in and around the Kaburi and Epeius Projects over the past 14 years and having led the team which in part discovered and defined the two principal deposits of the Karouni Mine,  I can say the results reported today present one of the better zones of saprolite gold anomalism in the district comparable to those that were returned by early saprolite auger drilling at the Smarts Deposit.

We took a big jump along strike from recently discovered mineralisation at Troy’s Goldstar Prospect and results have come up quite nicely for us right where the potential strike extensions of the Goldstar Prospect were projected to be.  It doesn’t cost much to hand drill and assay 12 auger holes but Bang there you go a potential 1.2km mineralised zone demonstrated for a few thousand US dollars.

The trenching program in progress should also prove a low-cost way to further our understanding of mineralisation prior to drilling, of which a substantial portion will be through shallow alluvial cover.

We of course await the assay results of our trenches before we can say with confidence we have a truly significant gold mineralised zone, but I take early encouragement not only from the auger results but from a recent announcement by Troy that they are undertaking a 15 x 10 metre resource definition drilling program at Goldstar over a 500m strike from our boundary southwards ( 7 th December, 2020) and have already commenced construction of a haul road between Goldstar and the Karouni Mill.”

Qualified Person

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  and who has reviewed and approved its contents.

On Behalf of the Board,
Tajiri Resources Corp.

Graham Keevil ,
President & CEO

About Tajiri

Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located in two of the worlds least explored and highly prospective 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.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Tajiri Resources Corp.

Tajiri Drills 11m @ 8.6g/t Au including 3m @ 30.9g/t Au in Maiden Drill Program at the Morley Prospect, Reo Gold Project, Burkina Faso $TAJ.ca $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 11:05 AM on Tuesday, December 8th, 2020

VANCOUVER, BC, Dec 8, 2020 /CNW/ – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is delighted to report initial results from first pass RC drilling at the Morley Prospect situated within the Company’s 1,162km2 Reo Gold Project, located at the confluence of the prolific Hounde, Boromo and Goren Greenstone Belts, Burkina Faso (Figure 1). The shallow, 23 hole program intercepted consistent gold mineralization including:

Results of all drill holes are given in the Table at the end of this document and shown in Figure 2.

The results reported today 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.  Historic results include:

1All historic intercepts are from drilling at a variety of azimuths and dips to mineralisation and individual intersections may not be representative of true widths and may vary ~ 20 to 80% from true width. New results are interpreted as being within 80-90% of true widths. 

Summary

  • Tajiri’s maiden drill program, importantly, confirms a new orientation model for gold mineralisation at Morley which is situated in a belt scale deformed granite and lies within 800m of the northern and 1,000m of the western granite-greenstone contact (Figure 1). 
  • Exploration at Morley is still at an early stage- historically it has returned high grades from drill holes over widths that make it a high priority target but a coherent model of the orientations and structural controls of mineralisation was never previously established.
  • Our drilling shows the main mineralised zone at Morley has a WNW strike and dips -50˚ northeast.  Strike is subparallel to a set of crosscutting shear zones which occur over a width of about 2km at Morley and are axial to a major 40˚ flexure in the strike of the granite-greenstone belt from ENE to NNE (Figure 6).
  • Most Importantly confirmation of the new model opens-up on strike and down dip potential into very sparsely explored or totally unexplored areas both immediately and further along strike (Figures 4,5 & 6).
  • A very favourable target is now in play:  only 1,000m WNW along strike, the “Morley structure” cross cuts the ENE trending sheared granite-greenstone contact of the Morley host granite. Empirically, granite-greenstone contacts are a favoured location for high grade gold deposits in Burkina such as M1 South, Siou and Yaramoko (Figure 6). 
  • This target area is under alluvial cover and has never been sampled and represents a first order opportunity for Tajiri.  
  • At Morley mineralisation presents as high-grade narrower veins within broader halos of low-grade sericite + carbonate +/- pyrite shearing.  It is expected that veins may have an orientation oblique to shearing and there may be at least two sets (Figure 3).  
  • While drilling has broadly confirmed the strike and dip of the model it requires further work on the details to explain grade and thickness variations within the mineralised zones.  This is likely the influence of a second structural direction on vein set orientation within the shear zones and/or the presence of intersections with other structures of different orientations.
  • Several lines of evidence point to the second structural control being either NNE or ENE with a likely 50˚-60˚ north dip.  Strike of the second structural control is therefore subparallel to the major belt scale shear zones in the area.
  • Balance of evidence suggests the high-grade intersections returned in KRAC128 (8m @ 54.2g/t) and MTRC 022 (3m @ 30.9g/t), which we drilled as a scissor hole, are from a NNE striking vein which dips 50˚ to 60˚ to the west or it is the intersection of ENE and NNE vein sets with ~50˚ degree dips to the west.  ENE strike projections of this vein have been adequately tested by historic drilling but not NNE directions as most N-S oriented RC drillholes are subparallel to this direction.  Significantly this vein in RC chips appears to have a different character to those of other vein zones drilled during the program appearing to be more of a laminated style.  
  • Historic close spaced (50m x 50m) auger drilling to sample top of saprolite in the immediate vicinity of the Prospect confirmed WNW, as well as NNE and ENE trends as anomalous and the close spaced auger anomaly remains open in all of those directions (Figure 4)
  • Historic scout drilling oriented on NW-SE lines, intersected thin or low-grade mineralisation on ENE and possibly NNE trends (Figure 4).
  • There is a good potential for Morley to be a stacked lode system with gross strike controlled by ENE or NNE bounding shears and main lodes in crosscutting WNW strike and NE dip orientations.   This possibility remains poorly tested but could lead to Morley becoming a substantial stand-alone deposit (Figure 5).
  • Prospect has excellent opportunities to host high grade intersection shoots, but suspected plunge directions and best intersection structures still need to be determined.  
  • Demonstrating that WNW structures are mineralised has important implications for exploration elsewhere within the Reo Project as historic sampling patterns are orthogonal to the NE trending main belt structures and thus poorly oriented to test potentially WNW mineralised structures
  • Given the above potential two structural controls, drilling has been paused temporarily to gather more structural data to optimise drill directions.  To this end the company will embark on a focussed deep trenching program to gather structural data and vein orientation data before re-commencing drilling at the prospect scale.   Trenching will commence early Q1 2021 after a contracted excavator finishes work at the K4-K5 Prospect, 20km to the south. 
  • Close space power auger drilling is being planned to step out along potential strike directions in the immediate vicinity of Morley prior to further work
  • RAB/ Aircore rig options being investigated to test granite greenstone contact target WNW of Morley.

Chairman’s Comment

Executive Chairman, Dominic O’Sullivan remarked:

“I am simply thrilled that with the Company’s first modest expenditure in Burkina of about USD200,000, we have not only returned some great results but have also established several fairways along which Morley might grow from a modest sized prospect into a potentially much larger one.

We are developing our understanding of the deposit, starting from a rather higgledy piggledy set of drilling with holes and grades going in all directions, into a geologically cogent framework that demonstrates potential for a lot more at Morley.   It fits our philosophy – find a poorly understood or overlooked discovery, in a Tier one address and do the hard yakka, looking at all the data from every angle, then follow-up with smart prudent focused exploration.

I’m particularly enthused about the on-strike potential generated by confirming that WNW oriented structures at Morley host gold mineralisation, especially just west of Morley, where the “Morley Structure,” smashes an 800m sinistral displacement into a sheared granite-greenstone contact which itself has a dextral reverse sense of movement.   This creates a WNW trending granite-greenstone contact, hugged by the Morley structure for about 800m of strike.  That spells a lot of dilation on favourable structures and lithological contrasts. What’s not to like about that?  As it’s under cover, never seen before, I feel it’s a bit like a little Chrissy prezzie for us-  still under the tree, all wrapped up and we can’t wait to open it.”

Details of the Morley Drill Program

Results reported today are Tajiri’s first steps in our exploration at Morley and as a necessary first precedent to further work it has focused on defining the orientation of mineralisation.   Historically, the orientation of mineralisation has been poorly constrained, and several equivocal interpretations could fit historic data due to the following:

  • Drilling was conducted blind because of a thin veneer (3-10m thick) of cover overlying the Prospect;
  • Morley is hosted by a single relatively undifferentiated granite lithology and a lack of other lithologies meant models could only be constructed by grade interpolation;
  • Morley lies in a zone of considerable structural complexity, near the focus of a change in the gross strike of the granite-greenstone belt of 40˚ from ENE to NNE, and major and lessor shears of both orientations together with numerous WNW, NNW, EW and minor N-S orientations transect the area (see Figure 6);
  • all structures or their intersections could be potential fairways for mineralisation and all structural orientations can be associated with some form of gold anomalism, though the ENE- NNE orientations appear to dominate the distribution of gold anomalism on a regional scale;
  • drilling to date has been suboptimal to test all possible mineralised orientations and drilling has mostly been oriented either:
    • North-south and predominantly drilled to the south or
    • On NW-SE oriented scout drill lines of 200-400m spacing with alternate lines drilled to either the SE or NW.

In our new model, gold mineralisation which occurs as sheeted high grade quartz veins, within low grade sericite + carbonate +/- pyrite altered shear zones hosted by a syntectonic belt scale granitoid is comprised of several 1-20m thick, NW-WNW striking lodes which dip between 40˚and 55˚ to the NE.  The best historically drilled lode, “the Main Lode” where current drilling has focused, has a known strike length of about 300m.    

Results announced today are highly supportive of our new model and intersections mostly occur where the model predicted.  Drill results returned to date demonstrate good apparent down-dip coherence with our model and continuity of between 100m and 150m (100m vertically below surface- base of current drilled depth).  Zones remain open down dip.  On the other-hand strike direction has only been broadly confirmed but it is beginning to resolve into a WNW rather than NW strike.  Further work is required because:

  1. Access to drill the central part of the main lode was restricted as it is the site of a small forest (Figure 2) and permission was not granted by the local community to drill within its confines. Investigation of mineralisation in this area will require deeper drilling, later, as it is beyond the capability of the contracted RC rig. 
  2. Mineralisation is abruptly interrupted on the section line comprised of holes MTRC007, 008, 18 and 009.   Hole MTRC009 intersected a vein zone grading 2m @ 4.8g/t within 19m @ 1.3g/t from 59m and on-strike from mineralisation intersected in hole MTRC006 to the south (2m @ 4.6g/t from 55m; within 8m @ 1.3g/t from 51m) but only weak anomalism was intersected up dip by MTRC0018 and MTRC008. Based on a feature visible in ground magnetics, it is possible that a post mineralisation fault striking NNW, displaces the Main lode with an with apparent dextral throw of 50m.  This interpretation fits with a WNW strike.
  3. As this was a first pass program and the exact strike of mineralisation was unknown at the time of planning- being modelled as between WNW to NW, several holes appear to have collared in the footwall of the Main lode and did not intersect the expected Main lode near surface.  These holes are MTRC003, 7, 10, 13 and 19 and the lack of mineralisation in those holes up dip from mineralisation strongly suggest that strike is closer to WNW than to NW (Figure 2).

Variation in the grades and thickness intersected also suggest that there is a second structural orientation that influences the mineralisation at Morley.   This second structural control may be an upshot of vein sets having an orientation which is oblique to the orientation of the host shear zone, a common feature of this style of mineralisation but we also believe, based on the overall architecture of all data, that mineralisation is developed preferentially within the WNW structures at their intersection with either ENE or NNE structures that are also evident in ground magnetic images.  Evidence for a second significant structural control is:

  1. At the known north end of Morley main lode, it thickens and high-grade vein densities increase (Figure 3) where it is inferred to be intersected by an ENE trending shear zone of weaker mineralisation that was drilled over 400m of strike going west and which returned a peak value of 14m @ 1.1g/ (Figure 4).
  2. All three structural orientations align with the overall shape of a gold in saprolite geochemical anomaly that overlies the Prospect (Figure 4), suggesting all three alignments may be mineralised.  With lobes and high values extending along WNW, ENE and NNE orientations.  This data was derived from a Newmont 2008, 50m x 50m auger program down to 10 m depth that covered an area of 1,000 x 850m and was conducted after air-core scout drilling had located the prospect.
  3. All three structural orientations align with anomalous gold values returned by regional reconnaissance saprolite sampling auger data which was conducted on lines spaced 400-800m apart and samples collected every 100m (Figure 6).
  4. Several fine scale structures visible in ground magnetics especially 1VD, 2VD and tilt filtered images coincide with all three orientations and higher grades in drilling can be tentatively associated with the intersection of the WNW striking lodes with both ENE and NNE trending structures.

The above brings the possibility of repeats of WNW oriented mineralisation along ENE or NNE directions in effect forming a large-stacked lode system.  The orientation of Historic scout drilling outside of the main area of drilling at Morley has poorly tested this concept with scout drill lines oriented subparallel to the WNW strike of mineralisation and lines alternating between down dip and across dip directions.  Better oriented north south holes are confined to the norther margins of the prospect.  Potential is illustrated in Figure 5  

Next steps at Morley

Given the evidence for a second structural control on mineralisation, we have temporarily paused our drill program 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.

Close spaced auger power auger drilling is being planned  to extend the Morley footprint in favourable directions.

Finally, options to contract a RAB/Aircore rig to drill the covered granite greenstone contact in the area where the “Morley Structure” intersects it, are being investigated.

Other Exploration

In Burkina

We have commenced trenching at K4-K5 to investigate areas where cover is thinner – in artisanal workings or where drilling shows mineralisation close to surface.   Purpose of the program is to collect structural and lithological data and examine mineralisation near surface as previous drilling has been wide spaced and we are not sure if dominant trends are NNE or NE striking.  This 2,000m program is expected to be completed by very early next year after which RC drilling will be commenced.

We are also in the advanced stages of planning closer spaced deep auger drilling at K4-K5 to define drill targets within the larger area of K4-K5 outside planned drill areas. The geochemical anomaly at K4-K5 is huge and extends over 7 x 6 km.   Part of that program will cover extensions of drilling by Arrow Minerals (ASX:AMD) announced early this year which shows the eastern contact of the regional granite which hosts Morley is prospective.   This program is expected to commence shortly.

In Guyana 

We have recently completed a small auger program at Epeius to investigate the strike extensions of good results produced by Troy Resources (ASX:TRY) just across the projects southern boundary.  Troy’s results include drill intersections of 10m @ 6g/t Au, 17m @2.2g/t Au and trench intersections of 13m @ 2.3g/t Au, 8m @ 2.3g/t Au & 11m @ 1.47g/t Au.  An announcement will be made shortly and a follow-up trench program is already underway with 600m linear metres excavated to date.   

On Behalf of the Board,
Tajiri Resources Corp.

Graham Keevil,
President & CEO

About Tajiri

Gold Miners Free Cash Flow Yield Turns Positive SPONSOR: Tajiri Resources $TAJ.ca $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 5:38 PM on Monday, November 23rd, 2020
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Gold & Silver Miners Turn Over a New Leaf:

  • Top 50 largest gold and silver miners have had five straight quarters of positive free cash flow for the first time in the last three decades.
  • Gold and silver mining companies are the real beneficiaries of today’s macro environment with strong balance sheets, high growth, and still incredible undervaluation.

One of the few areas of the equity market that is meaningfully improving fundamentally is the precious metals mining industry. With gold and silver prices at their current levels, these companies are set to massively expand their margins. This is indeed a new phenomenon for the miners. After 25 years of constantly losing money and regrettably creating a long-standing reputation of being capital destroyers, this industry is becoming one of the most disciplined and profitable businesses in the global economy today. In fact, the median stock among top 50 largest gold and silver miners has had five straight quarters of positive free cash flow for the first time in the last three decades. We believe this is only the beginning. These stocks are becoming new cash flow machines with the strong support of precious metals prices moving higher. Gold and silver mining companies are the real beneficiaries of today’s macro environment with strong balance sheets, high growth, and still incredible undervaluation.

Risk Parity Exhaustion

Among all the demand drivers for gold, we view the lack of competing cheap assets being a major one. For the first time in history, junk bonds and stocks are record overvalued in tandem. We have only seen the exact opposite of this. That was in the Global Financial Crisis when US equities and corporate bonds both hit rock bottom. This time, we are on the other side of the coin. Both sides of the so-called risk parity strategy, stocks and bonds, are at extreme valuations. In a world of near zero to negative yields and frothy valuations across almost every risky asset, it will become imperative for investors to seek out undervalued assets that are true beneficiaries of the current macro environment. In our view, precious metals are poised to become the new core must-have asset for capital allocators. Gold and silver are risk-off alternatives to bonds in the portfolios of prudently minded investors in today’s market. At the same time, attractively priced, high-growth gold and silver mining companies serve to ignite the animal spirits of traders and investors looking for a risk-on alternative to overvalued, low-growth stocks at large.

source: https://www.crescat.net/crescat-november-research-letter/

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

American Creek Reports Composites on Treaty Creek Drill Holes Including GS19-48 (838.5m @ 0.728 g/t Gold) and GS19-49 (1081.5m @ 0.589 g/t Gold… $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM-Eric at 9:46 AM on Monday, September 30th, 2019

Cardston, Alberta–(Newsfile Corp. – September 30, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to announce composite results from JV partner Tudor Gold’s ongoing drill program being conducted at the Treaty Creek Project located in the Golden Triangle of NW British Columbia. As announced on September 23, 2019 we now have results from two deep vertical diamond drill holes (drilled to a depth of over 1,000m) and four definition drill holes. All six holes intercepted significant gold mineralization over wide intervals at the Goldstorm Zone.

Goldstorm Extension

Hole GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July 30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically to a total depth of 1,199m, ending in mineralization. The hole contains strong stockwork with gold-bearing mineralization accompanied by significant base-metal disseminated sulphide mineralization averaging 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m. The hole was stopped in mineralization due to the drill rig reaching its depth limitation, however, casing was left in the hole for possible continuation next year.

This 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast. With this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m this year from the best hole drilled in 2018 (CB18-39, averaging 0.981 g/t Au over 563.8m) and has now been traced along strike for over 800 meters.

Goldstorm Definition Drilling

A second deep vertical hole, GS19-48, was drilled to a total depth of 1035m from the same pad as CB18-39 (drilled in 2018). The results exhibit excellent continuity of mineralization between holes and this drill hole returned 0.725 g/t Au over 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.

Four footwall definition holes (GS19-43 to GS19-46) drilled on section 109+00 NE, were successful in extending the width of the mineralized zone, to the southeast into the footwall of the controlling fault structure.

  • Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
  • Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
  • Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
  • Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.

Tudor Gold Exploration Manager, Ken Konkin explains: “Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system. Hole GS19-47 showed a very strong quartz stockwork system and was still in gold values at the end of the 1,199 meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters. This is the first time we’ve seen this strength of gold mineralization at depth. Furthermore, a strong copper association was encountered with gold values at depth in both GS19-47 and GS19-48.

A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.

Not only does the Goldstorm Zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the metal system.”

The following table provides gold composites from all nine 2019 drill holes completed on five sections that cut the Goldstorm Zone

Table 1: Gold Composite Intervals for Drill Holes GS19-40 to GS19-48

The following table contains diamond drill hole location data for the drill holes completed in 2019. See the accompanying plan map that shows drill hole locations and section lines.

Table 2: Diamond Drill Hole Co-ordinates

* Co-ordinates are subject to completion of final survey readings
* Orientations are reported for the azimuth and dip of holes at their collars

Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE

Section 114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47 hosts what is now the longest and deepest gold intercept on the project to date.

Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.

Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.

Goldstorm Zone Plan Map

The Goldstorm Zone now extends more than 800 meters in strike length and remains open along strike to the Northeast and Southwest as well as to depth.

Goldstorm zone drill sections and the plan map are included at the bottom of the news release.

The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.

Walter Storm, Tudor Gold President and CEO, stated: “I am very pleased to see that all nine holes drilled have reported very good results and we have not missed on any step-out targets nor any footwall extension holes, they were all hits. These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system. I am looking forward to continuing our exploration efforts in order to unlock the full potential of this large gold system.”

Darren Blaney, American Creek CEO, stated: “The Goldstorm deposit continues to produced world-class intercepts that are both deep and yet very strong close to surface. Hole GS-19-48 carries 0.725 g/t Au over 838.5m including a near surface interval of 1.048 g/t over 328.5m. It’s just one of many holes that extend to depth ending in mineralization.

In referring to the step out hole GS-19-47 (0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m), Eric Sprott stated “That’s a huge, huge, huge intersection! I’ve always thought this thing has an easy shot of coming up with 20 million ounces of low-grade gold and there’s nothing in these results that will deter me from thinking that, and they’re well positioned in terms of logistics”. What we’re really excited about is the richer intersections for hundreds of meters close to surface throughout the entire Goldstorm system. While this system is proving to be very deep, the reality is it’s also becoming a rich gold system close to surface that lends itself towards the possibility of being open pit mined”.

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are two drills working on the Goldstorm zone at present.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

A drill program is also ongoing on American Creek’s 100% owned Dunwell Mine property located near Stewart. More information can be found here: https://americancreek.com/index.php/projects/dunwell-mine

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com



Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_001full.jpg



Figure 2: Goldstorm Zone Section 114

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_002full.jpg



Figure 3: Goldstorm Zone Section 111 

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_003full.jpg



Figure 4: Goldstorm Zone Section 109 

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_004full.jpg



Figure 5: Goldstorm Zone Plan View

To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/682/48320_951c041474f0e8bb_005full.jpg

American Creek $AMK.ca Reports That 150m Step-out Intercepted the Largest Gold Interval Drilled to Date at Treaty Creek Project – 1081.5m Averaging 0.589 g/t $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca $SEA.ca

Posted by AGORACOM-Eric at 8:37 AM on Monday, September 23rd, 2019
  • 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m
  • The hole was stopped in mineralization due to the drill rig reaching its depth limitation
  • 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast.

Cardston, Alberta–(Newsfile Corp. – September 23, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) (“the Corporation”) is pleased to announce results from JV partner Tudor Gold’s ongoing drill program being conducted at the Treaty Creek Project located in the Golden Triangle of NW British Columbia. Tudor today announced results from two deep vertical diamond drill holes (drilled to a depth of over 1,000m) and four definition drill holes. All six holes intercepted significant gold mineralization over wide intervals at the Goldstorm Zone.

Goldstorm Extension

Hole GS19-47 was drilled as a 150m step-out from hole GS19-42 (reported July 30, 2019 averaging 0.683 g/t Au over 780m) and was drilled vertically to a total depth of 1,199m, ending in mineralization. The hole contains strong stockwork with gold-bearing mineralization accompanied by significant base-metal disseminated sulphide mineralization averaging 0.589 g/t Au over 1081.5m including an upper interval of 0.828 g/t Au over 301.5m and a lower interval of 0.930 g/t Au over 207 m. The hole was stopped in mineralization due to the drill rig reaching its depth limitation, however, casing was left in the hole for possible continuation next year.

This 150 meter step-out hole confirms that the Goldstorm system is gaining strength to the northeast. With this strongly mineralized intercept, the Goldstorm Zone has been extended by a total of 300m this year from the best hole drilled in 2018 (CB18-39, averaging 0.981 g/t Au over 563.8m) and has now been traced along strike for over 800 meters.

Goldstorm Definition Drilling

Asecond deep vertical hole, GS19-48, was drilled to a total depth of 1035m from the same pad as CB18-39 (drilled in 2018). The results exhibit excellent continuity of mineralization between holes and this drill hole returned 0.725 g/t Au over 838.5m, including a near surface interval of 328.5m averaging 1.048 g/t gold Au.

Four footwall definition holes (GS19-43 to GS19-46) drilled on section 109+00 NE, were successful in extending the width of the mineralized zone, to the southeast into the footwall of the controlling fault structure.

  • Hole GS19-43 returned an average of 0.566 g/t Au over 493.5m;
  • Hole GS19-44 returned an average of 0.807 g/t Au over 267m including 1.065 g/t Au over 150m;
  • Hole GS19-45 returned an average of 0.719 g/t Au over 325.5m including 1.000 g/t Au over 173m.
  • Hole GS19-46 returned an average of 0.510g/t Au over 594m including 0.734 g/t Au over 162m.

Tudor Gold Exploration Manager, Ken Konkin explains: “Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system. Hole GS19-47 showed a very strong quartz stockwork system and was still in gold values at the end of the 1,199 meter drill hole. The bottom of GS19-47 averages 0.930 g/t Au over 207 meters. This is the first time we’ve seen this strength of gold mineralization at depth. Furthermore, a strong copper association was encountered with gold values at depth in both GS19-47 and GS19-48.

A 151.5m zone of 0.22% copper with 0.572 g/t gold was intercepted from 665.0 to 816.5 meters in GS19-47 and a 66.0m zone of 0.35% copper with 0.958 g/t gold was intercepted from 874.5 to 940.5m in GS19-48.

Not only does the Goldstorm Zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the metal system.”

The following table provides gold composites from the six drill holes completed on three sections that cut the Goldstorm Zone.

Table I: Gold Composites for GS19-48 to GS19-43

SECTIONHOLE IDFROM (M)TO (M)Interval (M)GOLD (g/t)
114+00NEGS19-47117.511991081.50.589
including200501.5301.50.828
and98611932070.93
111+00 NEGS19-4897.5936838.50.725
including97.5426328.51.048
109+00 NEGS19-4368561.5493.50.566
including141.5561.54200.605
including141.519755.51.005
GS19-441013682670.807
including1252751501.065
GS19-4544369.5325.50.719
including622782160.901
including1052781731.000
GS19-4634.5628.55940.51
including175.5337.51620.734
including564600361.328

* All assay values are uncut and intervals reflect drilled intercept lengths.

* True widths of the mineralization have not been determined

Goldstorm Zone Drill Section 109+00 NE, 111+00 NE and 114+00 NE

Section 114+00 NE is a 300 m step-out on strike from 111+00 NE and hole GS19-47 hosts what is now the longest and deepest gold intercept on the project to date.

Section 111+00 NE shows the consistency of the upper horizon gold grades between holes and new depth extension in hole GS19-48.

Section 109+00 NE shows four definition holes drilled this season to better outline the extent of the zone to the southeast.

Goldstorm Zone Plan Map

The Goldstorm Zone now extends more than 800 meters in strike length and remains open along strike to the Northeast and Southwest as well as to depth.

Goldstorm zone drill sections and the plan map are included at the bottom of the news release.

The diamond drilling program continues with two drill rigs. Additional results will be announced as they become available.

Walter Storm, Tudor Gold President and CEO, stated: “I am very pleased to see that all nine holes drilled have reported very good results and we have not missed on any step-out targets nor any footwall extension holes, they were all hits. These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system. I am looking forward to continuing our exploration efforts in order to unlock the full potential of this large gold system.”

Darren Blaney, American Creek CEO, stated: “The anticipation of waiting for this 150 meter step-out hole has now been rewarded with the largest gold interval drilled to date at the project. Further, all five other holes have also hit significant gold over wide intervals. Seeing the strong copper zones now showing up in drill holes has added yet further potential to the possible extent of the deposit. Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth. The drilling continues to show strong correlation with the geophysics which indicates that the gold mineralization potentially continues for considerable depth below the bottom of the deepest drill holes.

I can’t state strongly enough how pleased I am with what Walter, Ken and the Tudor team have accomplished with the Treaty Creek exploration program!”

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s Exploration Manager, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

A major drill program is presently being conducted at Treaty Creek by JV partner and operator Tudor Gold. There are two drills working on the Goldstorm zone at present.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

More information about the Treaty Creek Project can be found here: https://americancreek.com/index.php/projects/treaty-creek/home

A drill program is also ongoing on American Creek’s 100% owned Dunwell Mine property located near Stewart. More information can be found here: https://americancreek.com/index.php/projects/dunwell-mine

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

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Figure 1: Goldstorm Zone Selected Results From Deep Step-out Holes

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Figure 2: Goldstorm Zone Section 114

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Figure 3: Goldstorm Zone Section 111

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Figure 4: Goldstorm Zone Section 109

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Figure 5: Goldstorm Zone Plan View

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