TAJIRI RESOURCES CORP. 
Yono is located centrally within and surrounded by the Oko and Oko West Projects of G2 Goldfields Inc. (TSXV: GTWO) ("G2") and Reunion Gold Corporation (TSV: RGD) ("Reunion") (Figure 1). These projects are arguably amongst the best growing, contemporary gold discoveries with G2 recently attracting a 35% premium above market placement of
In relation to features of the Oko and Oko West Projects as reported in NI 43-101 reports commissioned by both G2 and
- 90m from the northern end of the pit shell (
USD1,900 Gold Price) used to constrain open pit Indicated and Inferred ("I+I") resources totaling 4.73Moz Au withinReunion's Oko West Project. - 600 metres south-southwest of G2's Oko Main Zone with I+I Resources at a 4g/t cutoff of 1.2Moz @ 9.13g/t Au.
- 260 metres west of the Ghanie at its Southern end where G2 has declared maiden I+I Open Pit and underground resources of 840,000 oz Au @ 1.68 g/t. The portion of
Open Pit constrained resources is contained within an Open pit up to ~ 250m deep.
These resources and features are illustrated in Figure 2.4
In addition to its proximity to the surrounding third party drilled prospects and resources, Yono appears independently prospective for gold for the following reasons:
Artisanal alluvial and colluvial workings are present and source from within Yono (Figure 2);- Preliminary reconnaissance samples from Yono show visible gold with one grab sample out 14 (Figure 3) and 3 out of 5 pan concentrate samples exhibiting visible gold;
- Yono appears to occupy the core of a large F2? fold. This structure is inferred on the basis of limited mapping of lithologies and structural measurements together with topographic trends. A mapped S2? foliation within Yono trends ~ 006° – 0012° while in the west of Yono measured primary layering and lithologies trend 036°- 045° and in the east of the property lithologies and measured primary layering trends 348°-358° (Figures 2 & 4);
- Given gold mineralization at the
Oko Main Zone has been variously described by G2 as occupying axial planar shears and or being hosted at the intersection of late north-south trending shear zones with northeast trending and plunging folds, the geological setting of Yono may be favourable to host similarly fold controlled gold mineralization.
Reporting of the results and details of reconnaissance grab and stream sediment samples is expected to be made within the next two weeks.
____________________________________ |
1 |
2 https://www.globenewswire.com/news-release/2024/01/19/2812324/0/en/G2-Goldfields-Closes-C-22-05-Million-Strategic-Investment-by-AngloGold-Ashanti.html |
3 https://minesandmoney.com/news/articles/a-glittering-gala-awards-dinner |
4 Tajiri notes that it has no interest whatsoever in either the Oko or Oko West Projects or resources contained within those properties and furthermore that it has not independently verified the information as reported in the NI 43-101 technical reports of G2 and |
Details of the Yono Exclusivity Agreement
Tajiri's
The Yono Property, though early stage with has a great address central to a rapidly expanding 7.9Moz gold district. We look forward to the arms-length directors of the Company negotiating an acquisition of Yono with the Vendor for the benefit of all our shareholders.
Link to accompanying figures:
https://tajirigold.com/wp-content/uploads/2024/04/Figures-for-News-Release-April-04-2024.pdf
The Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects for this news release is
On Behalf of the Board,
President & CEO
SOURCE
© Canada Newswire, source
