Tajiri Resources Corp. reported further results of power auger drilling at its K4-5 Prospect, Burkina Faso, West Africa and an extensive re-interpretation of all data that indicates mineralisation outlined to date forms a giant poly-folded gold system spanning approx. 14km x 6km.

Evidence: The interpreted fold scheme for K4-5 has largely been based on interpreting visible folding evident in multiple satellite images. Evidence to support the company's interpretation that the K4-5 system is a large poly-folded gold system is documented in the following: Workings at K4 South are configured into the distinct arrowhead shape of a Type II fold interference pattern. This is made particularly evident in later Sentinel 2 imagery which post-dates imagery shown in the company’s October 26, 2022 press release.

In addition, forms evident in a gradient array IP section line, which is near co-incident with the central F3 controlling fold axis of the K4 South workings appear strongly supportive of the interpreted fold scheme. A new lithological map of the area has been constructed, based on a discriminant analysis of XRF multielement ratios. The new lithological map is broadly and at larger scales supportive of the interpreted fold scheme.

Overall form of the K4-5 gold anomalism as expressed in more dispersed soils is supportive of the fold scheme and echoes regional forms visible in magnetics. Horizontal gradient magnetic data measured by gradiometry- a good way to examine lithological contacts in higher resolution than filtered TMI data alone is strongly in agreement with the fold scheme interpreted from satellite data. As this data is from a survey flown at 100m line spacing on N-S lines it does lack some resolution of tighter folding and is in part somewhat aliased by the NS line orientation being subparallel to NNW F3 fold axes.

Comparatives and Workings: As part of an extensive review of K4-5 the company have mapped and aggregated all workings visible in 13 publicly available high resolution satellite images dating between 2008 and 2023 with supplemental mapping from lower resolution Aster and Sentinel images. This allowed a compilation of the outlines of all workings, both surface lateritic and bedrock shafts from over 13 years of near continuous artisanal activity to be compiled. All workings are shown and a logical relationship to interpreted folding appears evident.

For the purposes of comparison, a similar exercise, reviewing multiple satellite images and compiling evolving outlines of artisanal workings, was conducted at a number of gold deposits with reported resources/reserve throughout Burkina Faso and Northern Ghana. An example of such review and comparison to current mining and drilled resource outlines. In general, a high correspondence between areas of mineralisation outlined by artisanal bedrock shafts and later drilled resource outlines was found. M1 South and Sanbrado demonstrates the very close correspondence between areas outlined by artisanal shafts and the outline at surface of drilled resources.

In this case the variance is <10%. This finding allows a reasonable indication of potential deposit size to be gleaned from the extent of bedrock shaft workings. A comparison of artisanal workings overlying example 4-7Moz Burkina and Northern Ghanaian gold deposits and K4. During the course of the comparison of the exercise, it was found that both the K4 North and K4 South areas of bedrock shafts are much larger than any one image might show.

At K4 South because shaft sinking has been episodic but with near continuous periods of lateritic surface working – including mechanical working which tends to back fill or otherwise disperse shaft spoil obliterating evidence of earlier shafts. While at K4 North, all shafts since 2015 have been sunk off the bottom of a large 5-10m deep pit of about approx. 100,000 m2 from which all lateritic material was removed mechanically and sluiced at nearby creeks.

This rather sizable pit floods during the wet season, with shaft sinking now only taking place for approx. 4-6 months of each year during the dry. After each wet season many artisanal shafts are found to have collapsed and shaft spoil is often masked by a coating of lateritic clay obscuring the true extent of shaft workings at K4 North in any one image.

Of note the more extensive shaft workings at K4 South, than initially suspected, may have negatively impacted the tenor of results returned by the company's auger drilling as it is possible that extensive areas of higher-grade mineralisation has been removed. Across Burkina it was also noted that shaft workings that exploited mineralisation known to be of higher grade were generally deeper as shown by the darker colouration of surrounding shaft spoil (i.e. shafts had gone deeper into less bleached saprolite chasing higher grades) and higher grade areas were generally (but not universally) surrounded by large areas of shallow lateritic surface workings. The later feature is possibly a result of the greater coarse gold content of higher-grade deposits which upon weathering forms an extensive deflation lag far more amenable to the crude wind winnowing method used for recovering gold from surface workings in Burkina.

Of note the K4 North shaft workings show the features indicative of potentially high grade mineralisation which is further supported by the fact that shafts have been worked for a long time- continuously from 2010-2015 and then seasonally from 2015- present. Further in support of the high grade potential of the K4 North shaft workings is that the area has due to sample orientations hardly been sampled but the one historic drill hole which did interest the edge of these workings returned 4m @ 16.2g/t from 4m. Finally, the size of saprolite geochemical anomalies present at K4-5 with those overlying known 4-7Moz deposits and it is clear that K4-5 is of a scale at various threshold levels that is between 1.5 and 9 times the size of those peers.