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Tajiri Resources $TAJ.ca Updates K4-K5 Prospect, Reo Project, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-Eric at 3:00 PM on Tuesday, January 26th, 2021
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  • Commenced an infill auger drilling program at K4-K5 to tighten the historic auger sampling pattern
  • Grid decreased to 200 x 50m in order to better constrain individual gold zones

Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is pleased to provide an update to the ongoing exploration work at the Company’s 100% owned Reo Gold Property, Burkina Faso, West Africa.

After completing initial drilling of the Morley prospect where numerous hits were reported including hole MRTC0022’s 11 metres of  8.6 g/t Au including 3 metres at 30.9 g/t Au from 20 metres; the Company began power auger drilling and trenching at the K4-K5 Prospect, where historic wide spaced drill lines returned significant mineralised intersections including: 18m @ 2.5g/t;  44m @ 1.5g/t, 12m @ 5.0g/t, 4m @ 16.2g/t;  36m @ 1.3g/t, 16m @ 2.7g/t, 20m @ 1.7g/t 18m @ 2.5g/t,  20m @ 1.7g/t, 18m @ 1.6g/t 12m @ 4.1g/t.  RC: 13m @ 2.2g/t, 6m @ 2.7g/t, 16m @ 2.0g/t, 10m @ 3.5g/t; 3m @ 11.5g/t, 2m @ 16.8g/t, over an area of 3 x 4km from within a larger area of gold in saprolite anomalism of approximately 9 x 4 km (see Figure 1).

Due to the massive scale of the prospect and previous wide spaced sampling programmes Tajiri commenced an infill auger drilling program at K4-K5 to tighten the historic auger sampling pattern from a 400 x 100m grid to a 200 x 50m grid in order to better constrain individual gold zones within the broad gold in saprolite anomaly and to also investigate individual larger areas of artisanal workings on 100 x 25m to 25 x 25m grid spacings on an east west grid. Because artisanal workings have largely not been sampled or drilled to date and because they potentially overly areas of significant gold mineralisation it was considered important to sample these areas and determine orientation of mineralisation prior to commencing more expensive RC / diamond drilling programs. 

Read More: https://agoracom.com/ir/TajiriResources/forums/discussion/topics/753983-tajiri-resorces-updates-k4-k5-prospect-reo-project-burkina-faso/messages/2300356#message

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
This image has an empty alt attribute; its file name is Tajiri-Blog-2.png

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 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