Mr. Graham Keevil reports
TAJIRI DISCOVERS POTENTIALLY ECONOMIC GOLD MINERALIZATION IN MULTIPLE TRENCHES AT YONO PROPERTY INCLUDING: 12M@ 2.4 G/T; 20M@ 1.4G/T; 8M@ 1.0G/T; 18M@ 0.8G/T & 4M@ 5.5G/T GOLD; BORDERED BY G MINING VENTURES OKO WEST AND G2 GOLDFIELDS OKO PROPE
Tajiri Resources Corp. has released results from its continuing phase 2 trenching program at the majority-owned Yono project, Guyana, which indicate three significant gold zones potentially hosting economic mineralization.
Yono is contiguous with and surrounded by the Oko and Oko West properties of Toronto Stock Exchange-listed G2 Goldfields Inc. and G Mining Ventures, which collectively host 6.9 million ounces and 2.0 Moz of indicated and inferred resources (approximately 94 million tonnes of 2.3 grams per tonne indicated and 26 Mt of 2.5 g/t inferred) within 150 to 170 metres of Yono's eastern boundary and extending north and south of Yono over a total distance of approximately five kilometres. Currently, the Oko West deposit of GMIN is in construction with production slated for first quarter 2028.
The three significant zones with potential to host economic gold mineralization are as follows:
- North Tweener zone -- carbonaceous metasediment contact: A cluster of trench intersections -- YTR16: 20 m of 1.4 g/t; YTR4R: 12 m of 2.5 g/t; YTR18: four m of 1.8 g/t and four m of 5.5 g/t gold situated on the northern boundary of Yono, which, combined with mapping, indicates a complex mineralized and folded contact zone between carbonaceous metasediments and a sequence of interbedded chloritic metasediments plus volcanics. The zone strikes, dips and plunges southward into Yono, and is possibly an extension of the same mineralized contact encountered in YTR4, which returned 19 m of 4.6 g/t Au 400 m south of the above-mentioned intersections. In addition, the zone may strike southward for approximately 800 m before reaching the project's boundary. Thus, a highly significant zone with substantial strike potential is indicated for immediate follow-up.
- Ridgeline splay zone -- diorite contact: YTR8 intersected 18 m of 0.8 g/t including 10 m of 1.1 g/t gold. Combined with geophysics, mapping, geochemical and trench assays, the intersection is highly significant because it reveals a gold mineralized contact between diorite and country rock that extends through Yono for a distance of approximately 1,200 m. The geological setting is directly analogous to the large Ghanie and Oko West deposits, which are hosted in the contact zone of the Ghanie diorite and lie at their closest point approximately 150 m from the Yono.
- Eastern border zone: YTR 15, located in the southeastern corner of Yono, intersected 18 m of 0.5 g/t including eight m of 1.0 g/t gold. Mapping indicates the zone has a similar strike to Ghanie and the northern part of the Oko West deposits at approximately 10 to 15 degrees. The zone strikes northward along the eastern boundary of Yono for a distance of about approximately 700 m through the previously reported intersection of one m of 10.8 g/t gold encountered in trench YTR7 and into a cluster of higher auger values including 1.6 g/t gold farther north, before being inferred to pass into the tenure of G2.
- The implication of the zone is that it demonstrates the existence of potentially economic mineralization west of, striking parallel to, and near the Ghanie and Oko West deposits. To date, there has been a dearth of exploration within the tenure of both G2 and GMIN along the Yono border area despite there being abundant alluvial and bedrock artisanal workings indicating mineralized zones may exist in the footwall of the Ghanie diorite within this area. The exploitation of any substantial mineralization discovered, west of the Ghanie and Oko West deposits, may require mining operations impinging onto Yono.
- Others: In addition to the above significant intersections trenches have also encountered substantial widths of gold anomalism approximately 10 to 26 m of approximately 0.1 to 0.2 g/t gold, which may be indicative of better mineralization along strike or downdip of these anomalous zones. Such is supported by the style of mineralization in the district where early trench results over the Oko West deposit -- 5.41 million ounces and 400,000 oz indicated and inferred resources (80 Mt of 2.1 g/t indicated and 5.1 Mt of 2.4 g/t inferred) -- show marked short-range variation in widths and grades of mineralization over strike lengths of approximately 100 m.
Exploration progress
Currently, a 2,610-metre trenching program, targeting better auger anomalies, is under way. To date, 1,800 m has been completed. Field operations recommenced Jan. 15. Currently, an additional approximately 1,500 m of trenching is being planned. Currently, trenches to explore beyond YTR3, 3R, 16 and 17 are in progress.
Trenching and mapping have identified ferricrete capping a large portion of Yono. As a result, the company is evaluating power auger drilling and/or shallow reverse circulation drilling to effectively test gold anomalies beneath the ferricrete cap, which is typically strongly leached of gold.
Executive chairman Dominic O'Sullivan commented: "Our confidence in the potential for Yono to host significant economic gold mineralization continues to grow with each phase of results. The project now hosts at least three mineralized structural-stratigraphic corridors totalling approximately three km of strike length, each returning gold grades in excess of one g/t. Additional anomalous zones have also been identified that may develop into higher-grade mineralization along strike or at depth. Based on these results, the company is accelerating its exploration programs and is in the process of hiring additional geological staff and mobilizing a second excavator to expedite trenching."
About Tajiri Resources Corp.
Tajiri is a junior gold exploration and development company with exploration assets located in the emerging premier gold destination of Guyana, South America. Led by a team of industry professionals with a combined 100-plus years experience, 40 of that in Guyana; and a record of discovering approximately 20 million ounces of gold in Western Australia, West Africa and Guyana, the company's goal is to generate the highest possible returns for shareholders through exploration and discovery.
Qualified person
The scientific and technical contents of this news release have been reviewed and approved by Dominic O'Sullivan, BSc, and executive chairman of the company. Mr. O'Sullivan is an honours graduate of the University of Sydney, a member of the AusIMM and a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
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