Tajiri purchased 100% interest in the Reo Gold Project in late 2018 as it provided investors exposure to a regional scale discovery opportunity within one of the fastest growing and mining friendly jurisdictions in the world. The exploration licenses that make up the project cover 1,002 KM2 of a confluence on the prolific Houndé and Boromo greenstone belts that just within Burkina Faso hosts several multi million ounce deposits like Karma 3.8Moz, Bissa 6.6Moz, Hounde 4.9Moz and Mana 8.6 Moz (reported inclusive of all P&P reserves and all M,I&I Resources). US$8 million in exploration had been spent on the property prior to the purchase by Tajiri and defined a plethora of targets through large scale geochemical and project wide airborne magnetic surveys, however, of the numerous potential targets only two prospects(Morley and K4/K5) were advanced to drill stage and will therefore continue to be priority targets moving forward.
The Morley Prospect where the Company recently completed its first pass effort of just under 2,000 metres of RC Drilling resulted in the following significant intercepts:
Though Morley is still at an early stage it continues to show potential to host a gold deposit of economic merit through Tajiri’s recent expansion drill program combined with the body of historical drill results below:
The recently completed drilling has provided information of major significance in the understanding of the mineralization at Morley summarized as follows:
- Tajiri’s maiden drill program confirms a new orientation model for gold mineralisation at Morley which is situated in a belt scale deformed granite and lies within 800m of the northern and 1,000m of the western granite-greenstone contact (Figure 1).
- Tajiri drilling shows the main mineralised zone at Morley has a WNW strike and dips -50˚ northeast. Strike is sub-parallel to a set of crosscutting shear zones which occur over a width of about 2km at Morley and are axial to a major 40˚ flexture in the strike of the granite-greenstone belt from ENE to NNE (Figure 6).
- Importantly confirmation of the Company’s new model opens-up on strike and down dip potential into very sparsely explored or totally unexplored areas both immediately and further along strike (Figures 4,5 & 6).
A very favorable target is now in play: only 1,000m WNW along strike, the “Morley structure” cross cuts the ENE trending sheared granite-greenstone contact of the Morley host granite. Empirically, granite-greenstone contacts are a favoured location for high grade gold deposits in Burkina such as M1 South, Siou and Yaramoko (Figure 6).
The K4-K5 Prospect – The focus of a majority of the previous work on the project was discovered as a result of large regional geochemical sampling over areas of extensive artisanal mine workings. Eventual drilling produced a huge amount of widely spaced results over an area of 7 x 6 km2. None of the historical holes were drilled deeper than 120 metres and failed to test compelling IP targets that are analogous to the geophysical footprints of several other large gold mines throughout West Africa. To that end Tajiri is now underway with a deep trenching effort in order to further understand the structural nature of the mineralization to more confidently drill test the more than 12 deep IP targets over the next four to six months.
Burkina Faso has rapidly become the third largest Gold producing nation in Africa having had more than 12 major gold mining projects come into production over the past 10 years, underlain by two of West Africa’s premier greenstone terrains it provides ideal conditions for gold exploration and development with a high probability of success. A mining friendly government regime, highly capable and well educated local workforce all provide for one of the worlds premier exploration and mining jurisdiction.