Tajiri Resources Corp.
TSX VENTURE : TAJ

Tajiri Resources Corp.

December 12, 2011 11:11 ET

TSX Venture Exchange Approves Tajiri Resources Acquisition of the Kaburi Gold Property, Omai Mining District, Guyana, SA

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2011) - Tajiri Resources Corp. ("Tajiri") (the "Company") (TSX VENTURE:TAJ) is pleased to announce that TSX Venture Exchange has approved the agreement dated October 21, 2011 between Tajiri Resources Corp and Arrowhead Gold Corp (the "Vendor") of Vancouver to acquire a 51% working interest in the hard rock mining rights to the Kaburi Gold Property, Omai Mining District, Guyana, SA.

The Kaburi Property consists of one Large Scale prospecting permit totalling 2598 hectares (6421 acres) and is centrally located within and occupies a substantial portion of Guyana's most prolific gold producing district.

It is considered that the Guiana Shield is contiguous with the Leo Mann Shield of West Africa, and as such the geology and prospectively of the Guiana shield present many similarities to the much better documented and explored Birrimian gold belts of West Africa. The Kaburi Property basement geology is dominated by west-northwest trending greenstone belts covered by a thin (5-20m) veneer of transported unconsolidated sediments known as the White Sand Formation. The southern and central portions of the area are almost entirely covered by white sand resulting in the greater potential of the Kaburi Property and moreover the entire district has remained overlooked.

This has been demonstrated by ongoing exploration successes in the area and specifically in drilling completed in 2011 by Azimuth Resources Ltd. (an ASX listed exploration company) on two properties that are contiguous to and surround the Kaburi Property. Results from Azimuth's drilling at their Smarts Project which are of particular interest as the claims are located and contiguous to the southern border of Kaburi, returned highly prospective results including SRC161 which intersected 38m of 6.2g/t Au and the 300 metre step out hole SRC232 which intersected 21m of 6.2 g/t Au (October 25th 2011 ASX:AZH).

Tajiri Resources President Albert (Rick) Timcke commented "We are extremely excited for the opportunity to increase shareholder value by becoming the newest participant in Guyana's booming gold exploration sector, a country our Company views as having massive potential for discovery."

Upon completion and exchange acceptance of a NI43-101 report currently in progress, Tajiri Resources Corp plans to begin line cutting, soil and channel sampling in conjunction with geological mapping and prospecting all in preparation for an Induced Polarization Survey, "IP".

Technical information in this news release has been reviewed by Derrick Strickland, P.Geo, and a qualified person as defined in NI 43-101.

About Tajiri Resources Corp.

Tajiri Resources Corp is a Canadian junior exploration company with 80% interest in the Gateau Uranium and Rare Earth group of claims in the Otish Basin of Quebec. The Company also has signed an option agreement to acquire 100% interest in the INCA property, a high grade Silver-Lead-Zinc exploration property located in the Mayo Mining District, Yukon Territory, Canada.

On Behalf of the Board,

Tajiri Resources Corp.

"Albert (Rick) Timcke"

President

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.

Contact Information

  • Tajiri Resources Corp.
    1450 - 409 Granville
    Vancouver, British Columbia V6C 1T2
    604-642-0115 or Toll Free 866-345-0115
    604-642-0116 (FAX)
    info@tajiricorp.com