SOURCE: VantagewWire.com — As 2012 draws to a close, Tajiri Corp. [TAJ.V] is looking to usher in 2013 on impressive results from its Kaburi PL gold property in Guyana, South America. From the recent Novemeber 2012 lithological sampling program the company had 187 samples analyzed. The results were encouraging for Tajiri’s management, showing grades ranging from trace to 15.3 g/t Au taken from areas where alluvial operations had exposed the hard-rock source to their placer operations and showed a clear indication of the lode gold potential of the property.
For the Vancouver-based company, progress has been made on both the Kaburi, and on its OGK Copper Gold Project in British Columbia. Through ramped up exploration on two fronts, the company expects to have a steady news cycle over the next four to six months. These latest Kaburi results are just the beginning of the stream of information to come and with drilling at both projects planned for4 the new year one can expect strong numbers should this past years work be of any indication.
What the latest Kaburi results suggest is that Tajiri has hit a major milestone in the ongoing definition and delineation of what could be described as a newly discovered gold mineralization system within what is quickly becoming the premier gold camp in Guyana. The bulk of the panel samples that were taken were taken from a location central to the recently discovered ‘Seer’ gold-in-soil anomaly—which is 3km x 1km in size, and delivered assays from auger based soil samples up to 2.66 g/t Au.
KABURI – GUYANA, SOUTH AMERICA
It’s been almost exactly a year since Tajiri entered into an option agreement with Arrowhead Gold Corp. to acquire 100% in the Kaburi Gold Property. By June, permits were in place, and Tajiri began the first ever modern exploration work on the property, starting with a focus on 26 known artisanal gold mining pits and other extensive gold workings.
The sizeable Kaburi PL Property spans over 2,598 hectares (6,421 acres) within the criminally under documented Guiana Shield Greenstone Belt. This Precambrian terrain sits within Guyana’s Mazaruni Mining District, and though it has long been known as a source of the nation’s gold production, to the western minings interests remains an underexplored, underdocumented and perhaps overdue for discovery
The identified gold workings examined by the company have been interpreted to be related to a regional structure known as the Aurora-Gem- Creek Corridor. The company continues to target high priority geochemical targets, and has tested the in-situ gold mineralization potential of the underlying bedrock through a system of grid controlled auger geochemical surveys.
Thanks to favourable weather conditions and seasonality, this work on the Kaburi project is not limited to certain months of the year. Operations can be carried out year-round, allowing the company’s ground crew in Guyana to report back often to investors in North America.
When last this column reported on Tajiri, the focus was on the results of neighbour. This time it was Tajiri’s turn to trumpet result, having returned soil samples from trace to 2.66 g/t Au, with a mean of 33.76 g/t Au. These came from right over top of the Aurora-Gem Creek Shear Zone that cuts through the company’s property.
These results proved to be the first step in confirming the presence of gold on the property, at a size similar to what Azimuth Resources [AZH.TO] targeted for its own 1.2 million ounce resource on its West Omai Project—also located on the Aurora-Gem Creek Shear Zone.
It’s important to note that these results from the November program are coming from a hard rock quartz system. Characteristically speaking, the company can legitimately estimate that the system continues downward to further depths.
Thus the blue sky on Kaburi is more than likely deeper underneath instead of above. The theory is that the further down they dig, the better grades they’ll receive.
Throughout the exploration process to this point, the company has adhered to a checklist, and so far everything has gone according to plan. As the analysis continues, there shall be more news to come.
OGK PROPERTY, BRITISH COLUMBIA
On the other side of Tajiri’s portfolio is its OGK Copper Gold Property, located within the Omineca Mining Division in British Columbia. Through a letter of intent signed in July, Tajiri has the option to earn a 100% in the copper prospect.
Located approximately 280km NW of Prince George, BC, the OGK sits contiguously along the northern boundaries of the Lorraine Copper Project (Teck Corp.). The neighbourly Lorraine project has an inferred 43-101 resource of 28 Mt at 0.47% Cu and 0.20 g/t Au, thus Tajiri is very interested in evaluating the OGK for its own potential for alkalic porphyry style copper and gold mineralization.
A later addition in September to a new claim group called the “Nova Block” added an additional 8,300 hectares adjoining the original OGK’s northeastern boundary. At around the same time, Tajiri relayed that a base camp had been established and that exploration was underway. Data processed from 2012 was going to shape the 2013 diamond drilling program.
Unlike Kaburi, the OGK is subject to weather restrictions so planning is required in order to get all planned work accomplished within the right seasonal window. That said, the Summer 2012 program yielded some interesting results, including samples of up to 1.92% Cu and 2.99 g/t Au. The overall quality of the 2012 results confirmed the potential of the OGK Property. With the size and scope being so large on this big land package, the management team was rightfully excited about the following year to come, as it embarks on its first full calendar year on the project.
THE BOTTOM LINE
Aggressive drilling will continue on two fronts for Tajiri Corp. in the year to come. While the flagship at Kaburi should keep a steady news flow surrounding Tajiri’s activities, OGK should add some heft during the months the company has access.
Ultimately, the focus will remain around Kaburi, as it’s hard to ignore any hard rock source with lode gold potential, especially if results are getting up to the level of 15.3 g/t.
Somehow while South American plays have gotten so much attention over the years, Guyana has slipped through the cracks of the investor’s psyche. The Guiana Shield Greenstone Belt holds plenty of potential, despite its lack of technical documentation.
Though the area has long been a source of gold production, the Country and its local mining communities are more than happy to welcome international expertise. Hence Tajiri should be able to conduct its operations unfettered, as have its neighbours Azimuth Resources on their West Omai Project.
Guyana is a little off the map for most people, but it shouldn’t be for long. Kaburi, like West Omai, is located within the most prolific gold producing district of Guyana, which has a triangle of three mines (the Omai, Eagle Mountain, and 9 Mile Issano) that have approximately produced a combined 6 million ounces of gold since mining began there 120 years ago.
By supplementing their news cycle with a healthy project in BC to accompany Kaburi, Tajiri should continue to earn its way onto your radar in 2013.
G. Joel Chury
for the Bottom Line Report
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