Tajiri Resources Corp.
TSX VENTURE : TAJ

Tajiri Resources Corp.

August 22, 2012 11:24 ET

Tajiri Updates Operations at the Kaburi PL Gold Project, Guyana, South America

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2012) - Tajiri Resources Corp. (or the "Company") (TSX VENTURE:TAJ) is pleased to report an update of operations from its 100%-owned Kaburi PL gold exploration project, Mazaruni District, Guyana, South America.

Over the past month, a twenty man camp was constructed at the site in advance of the planned Phase I auger-soil geochemical sampling program. A surveyed-and-cut grid has been established and covers approximately 5 km of strike length over what is interpreted to be the "Kaburi Gold Mineralized Trend" that includes 26 artisanal pits and extensive workings believed to be the result of a gold mineralized structure associated with the regional contact of the Aurora-Gem Creek Corridor. The grid was surveyed and cut on 200-metre spaced lines to be sampled at 50 metre centers. The intent of the program is to define target areas of anomalous gold geochemistry for follow up scout drilling in order to test association and proximity to a bedrock gold source. This cut and surveyed grid may also be utilized for detailed geophysical surveys should the Company deem such necessary to further define targets for follow up drilling.

Tajiri intends to continue developing the Kaburi PL Gold Project and its exploration program based on the on-going successes that have led to a major new gold discovery at the West Omai Projects of Azimuth Resources - culminating a recently released NI43-101 compliant inferred resource of 1.22 million ounces of gold. The West Omai tenements, and specifically, the Hicks and Smarts zones, which host the aforementioned resource, have all seen systematic gold exploration over the past three years. The Company's Kaburi PL Gold Property is contiguous on all sides to the tenements of the West Omai Project with most of Azimuth's additional "Prospects" being within 1km to 5km of Tajiri's project boundaries. This has led the Company to believe in the potential for similar gold mineralization to be defined at the site.

The extensive artisanal workings and 26 pits at the Kaburi PL Gold Project, combined with Azimuth's recent exploration successes on ground that covers their own portion of the Aurora-Gem Creek Corridor to the immediate North of Tajiri's project boundary provides Management with exploration targets that have formed the basis for the Company's Phase 1 work.

Paul D. Gray 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.

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, P.Geo, is the company's qualified person with respect to the Kaburi project, and has reviewed and approved this press release.

On Behalf of the Board,
Graham Keevil
President, CEO
Tajiri Resources Corp.

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 at 866-345-0115
    604-642-0116 (FAX)
    info@tajiricorp.com