VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2011) - Tajiri Resources Corp. ("Tajiri or the Company") (TSX VENTURE:TAJ) is pleased to announce that it has nearly doubled the size of its Inca silver-lead-zinc (Ag-Pb-Zn) property with the recent staking of 44 claims (911 hectares). The Inca property now covers a total of 92 claims comprising approximately 1,839 hectares.
The new claims are contiguous with the eastern margin of the thirty (30) Buck claims, currently held under option, extending along the Fido Creek drainage. Based on the available regional and property scale geological and geophysical data, the area transects favourable stratigraphic, mineral alteration and structural targets striking east to south-east from the known Inca Ag-Pb-Zn-Au mineralization.
The Company commenced its Phase 1 exploration program, as outlined in the NI 43-101 report, immediately upon TSX Venture exchange approval announced on August 29, 2011. The program, on the seventy-four (74) Buck and eighteen (18) Inca claims, includes GIS compilation, geochemical sampling, geological mapping and prospecting to explore the principal geological trends of known anomalous Ag-Pb-Zn-Cu-Au-As-Sb metal values associated with galena, siderite and quartz veins. Historical samples from several surface pits on the Inca property reported high grade material (100 -180 ounces per ton Ag) as stated in the NI43-101 property report.
A program of soil and rock sampling, in conjunction with geological mapping and prospecting was conducted prior to early season snowfall on the mountainous terrain. The company has submitted a total of sixty-six (66) rock samples and one hundred and ninety-seven (197) soil samples to two accredited commercial laboratories for multi-element and precious metal analysis. The analytical results will be announced upon receipt.
The company plans to resume exploration on the Inca property in early 2012. The detailed surface exploration program will focus on the definition of priority targets for the initial campaign of core drilling planned during the 2012 season.
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo, a qualified person as defined in NI 43-101.
About Tajiri Resources Corp.
Tajiri Resources Corp, is a Canadian junior exploration company with an 80% interest in the Gateau uranium and rare earth group of claims in the Otish Basin of Quebec. The Company also has signed an option agreement to acquire 100% interest in 92 claims comprising the Inca property, a high grade silver-lead-zinc exploration property located in the Mayo Mining District, Yukon Territory, Canada.
On Behalf of the Board,
Tajiri Resources Corp.
Albert (Rick) Timcke, President
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
604-642-0115 or Toll Free: 866-345-0115
604-642-0116 (FAX)
info@tajiricorp.com