Tajiri Resources Corp.

Tajiri Resources Corp.

June 20, 2012 15:51 ET

Tajiri Receives Kaburi Permit Extension and Files NI 43-101 Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2012) - Tajiri Resources Corp. (or the "Company") (TSX VENTURE:TAJ) is pleased to announce that on June 14th, 2012 it received confirmation from the Guyana Geology and Mine Commission (or "GGMC") that a renewal of large scale prospecting license No. 01/2009, also known as the Kaburi PL, has been approved by their Board of Directors.

With these permits now in place the Company also reports that a National Instrument 43-101 Technical Report on the Kaburi PL, written by Paul D. Gray B.Sc, P.Geo, of PDG Geological Consulting, was filed and is now available for viewing on the company's SEDAR. Based on recommendations in the report, work at Kaburi will begin immediately with initial focus on the 26 known artisanal gold mining pits and extensive gold workings present on the Property. The identified gold workings are interpreted by Company Management to be related to a regional structure identified as the Aurora-Gem Creek Corridor. As such, these gold workings are considered to present high priority geochemical targets and efforts will be made to test the in-situ gold mineralization potential of the underlying bedrock through a systematic program of grid controlled auger geochemical surveys followed by results analysis and culminating with a targeted first pass scout drill program expected to be completed within the next 4-6 months.

About Kaburi

The Kaburi PL occupies 2,598 hectares (6,421 acres) of the Guiana Shield Greenstone Belt, one of the least documented Precambrian terrains in the world, and locally is within the Mazaruni Mining District of Guyana, South America. This area has long been a source of gold production for the Country and its local mining interests and more recently has gained awareness in the international exploration community due to the underexplored and highly prospective nature of the geology present in the area. Located approximately 70km North-West of the past producing Omai Gold Mine, Kaburi is also surrounded on all sides by the West Omai Project Tenements of Azimuth Resources Ltd. (or "Azimuth"). This is of particular interest to the Company as a Azimuth has recently published its maiden resource estimate on the Hicks and Smarts prospects (within 2 km of south-western border of the Kaburi PL) to host a N.I. 43-101 compliant resource* of 12.5Mt averaging 3.1g/t for an inferred 1.22 million ounces of gold. Due to similarities in geological environments, as noted in the Company's newly published N.I. 43-101 Technical Report, Tajiri believes that the Kaburi Project may host similar gold mineralization to Azimuth's West Omai Prospects.

Paul D. Grey B.Sc, P.Geo has reviewed and approved the technical information in this release, and acted as a qualified person for the Company as defined by NI 43-101.

On Behalf of the Board,

Graham Keevil, President, CEO

Tajiri Resources Corp.

Tajiri was unable to verify the resource estimate presented above, which is available publically on ASX/TSX filings and from within Azimuth's public disclosures. The information presented herein on the West Omai Project and the related Prospects are not necessarily indicative of the mineralization on the Kaburi Property. The information is included to highlight the mineralization identified to date in the region in relation to the Kaburi Project Boundaries and does not necessarily indicate gold mineralization is present on the Kaburi Project. Paul D. Gray, PGeo, is the company's qualified person with respect to the Kaburi project, and has reviewed and approved this press release.

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.

Contact Information

  • Tajiri Resources Corp.
    Graham Keevil
    President, CEO
    604-642-0115 or Toll Free 866-345-0115
    604-642-0116 (FAX)