Tajiri Resources to Option the OGK Copper, Gold Property, Omineca Division, BC
July 05 2012 - 12:27PM
Marketwired
Tajiri Resources Corp. (the "Company") (TSX VENTURE:TAJ) is pleased
to report that it has entered into a Letter of Intent ("LOI") with
Messrs. Peter Fox, Don Bragg, Don Mustard, and Barry Price, of
Vancouver British Columbia. The letter sets out conditions wherein
the Company will acquire an option to earn 100% undivided interest
in the OGK Property, Omineca Mining Division, British Columbia.
Subject to the terms of the letter and requisite exchange approvals
the "Company" may earn 100% interest in the property by undertaking
$850,000 in exploration expenditures, issuing 900,000 common shares
and making cash payments to the vendors of $75,000 over a four year
period.
The OGK property is located approximately 280 kilometers
northwest of Prince George BC and is contiguous to the northern
boundaries of the Lorraine Copper Project, where a joint venture
between Vancouver based Teck Corp. and its Partner are continuing
to develop a NI43-101 compliant inferred resource of 28 Mt at 0.45
% Cu and 0.20 g/t Au. The Company plans to evaluate the OGK
Property and its potential for alkalic porphyry style Copper, Gold
mineralization.
Exploration will begin immediately and continue through the
remainder of the season in order to follow up on regional and
localized geophysical results that coincide with geochemical
anomalies found within the project area.
On Behalf of the Board,
Graham Keevil, President, CEO
Tajiri Resources Corp.
Tajiri was unable and did not intend to verify the resource
estimate presented above, though it is available publically on TSX
filings as well as the websites of Lorraine Copper Corp. and Teck
Corp. respectively.
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.
Contacts: Tajiri Resources Corp. Graham Keevil President, CEO
604-642-0115 or Toll Free 866-345-0115 604-642-0116 (FAX)
(FAX)info@tajiricorp.com