The Kaburi PL occupies 2,598 hectares (6,421 acres) of the Guiana Shield Greenstone Belt, one of the least documented Precambrian terrains in the world, and locally is within the Mazaruni Mining District of Guyana, South America. This area has long been a source of gold production for the Country and its local mining interests and more recently has gained awareness in the international exploration community due to the underexplored and highly prospective nature of the geology present in the area. Located approximately 70km North-West of the past producing Omai Gold Mine, Kaburi is also surrounded on all sides by the West Omai Project Tenements of Azimuth Resources Ltd. (or “Azimuth”). This is of particular interest to the Company as a Azimuth has recently published its maiden resource estimate on the Hicks and Smarts prospects (within 2 km of south-western border of the Kaburi PL) to host a National Instrument 43-101 compliant resource* of 12.5Mt averaging 3.1g/t for an inferred 1.22 million ounces of gold. Due to similarities in geological environments, as noted in the Company’s newly published National Instrument 43-101 Technical Report, Tajiri believes that the Kaburi Project may host similar gold mineralization to Azimuth’s West Omai Prospects.
In December 2011 Tajiri entered into an option agreement with Arrowhead Gold Corp. to acquire a 100% working interest in the hard rock mining rights of the Kaburi Gold Property, Omai Mining District, Guyana, South America. The Kaburi Gold Project is centrally located within and occupies a substantial portion of Guyana’s most prolific gold producing district. This district, defined by a triangle whose apices are located at the Omai gold mine, Eagle Mountain and 9 Mile Issano, has produced approximately 6 million ounces of gold since mining began 120 years ago.
In June 2012, with permits in place, and 100% interest acquired, Tajiri will begin work with initial focus on the 26 known artisanal gold mining pits and extensive gold workings present on the Property. The identified gold workings are interpreted by the Company to be related to a regional structure identified as the Aurora-Gem Creek Corridor. As such, these gold workings are considered to present high priority geochemical targets and efforts will be made to test the in-situ gold mineralization potential of the underlying bedrock through a systematic program of grid controlled auger geochemical surveys followed by results analysis and culminating with a targeted first pass scout drill program expected to be completed within the next 4-6 months.