Troilus Gold brings potential funding from ECAs to $1.3 billion
The company has signed an additional LOI with Export Development Canada worth $300 million.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 17, 2012) – Tajiri Resources Corp. (the “Company”) (TSX VENTURE:TAJ) is pleased to report that it has received the balance of assay results from the November 2012 lithological sampling program at the Kaburi PL Gold Property, Mazaruni District, Guyana, South America. In total 187 samples were submitted for assay of which 158 were panels (bulk/homogenized) and 29 were float/grab samples. All samples were taken from recently discovered laterite and bedrock exposures at the Kaburi PL as part of an ongoing and systematic gold exploration program designed to assess the lode gold potential of the Project. The panels were taken as 1 metre x 1 metre x 0.3 metre sections predominantly from the faces of abandoned alluvial pits and related workings where significant lithological exposures provided the first real opportunity for Company geological staff to assess the hard-rock lode gold potential at the Kaburi PL. Given the consistency of results thus far in comparison to Azimuth’s Resources and their West Omai Tenements, which surround the Kaburi PL on all sides, and on which Tajiri’s Phase I & II work has been based, management believes the following strongly suggest that a similar bedrock gold source is present within the Kaburi Large Scale Prospecting Lease.
Of the 158 panel samples collected results ranged from trace to 15.3 g/t Au with an average of 0.51 g/t Au. Given these anomalous gold values, as obtained from the panel samples, management is excited by both the grade, and hard-rock source from which they were derived; and views these results as marking a major milestone in the ongoing definition and delineation of a newly discovered gold mineralization system within the Kaburi PL Gold Property. Additionally, the location from which the majority of the panel samples (67 samples) were taken falls centrally within the recently discovered ‘Seer’ gold-in-soil anomaly, which is 3 km x 1 km in size, and punctuated by assays values of up to2.66 g/t Au.
A highlighted summary table for those panel samples returning >0.5g/t Au is presented below:
| Sample Type | Sample ID | Location | Easting | Northing | Au g/t |
| Panel Sample 1 by 1m | GM68 | Goldstar East | 275864 | 625840 | 15.30 |
| Panel Sample 1 by 1m | GM60 | Alywn’s Pit | 275309 | 625204 | 9.94 |
| Panel Sample 1 by 1m | GM67 | Alywn’s Pit | 275309 | 625208 | 9.67 |
| Panel Sample 1 by 1m | GM59 | Alywn’s Pit | 275309 | 625204 | 5.69 |
| Panel Sample 1 by 1m | GM43 | Alywn’s Pit | 275318 | 625202 | 3.91 |
| Panel Sample 1 by 1m | GM147 | Goldstar NE | 276260 | 626392 | 3.19 |
| Panel Sample 1 by 1m | GM51 | Alywn’s Pit | 275318 | 625208 | 2.99 |
| Panel Sample 1 by 1m | GM08 | Alywn’s Pit | 275319 | 625183 | 2.88 |
| Panel Sample 1 by 1m | GM07 | Alywn’s Pit | 275325 | 625183 | 2.65 |
| Panel Sample 1 by 1m | GM36 | Alywn’s Pit | 275318 | 625198 | 2.10 |
| Panel Sample 1 by 1m | GM06 | Alywn’s Pit | 275325 | 625183 | 1.35 |
| Panel Sample 1 by 1m | GM44 | Alywn’s Pit | 275318 | 625202 | 1.33 |
| Panel Sample 1 by 1m | GM41 | Alywn’s Pit | 275318 | 625200 | 1.27 |
| Panel Sample 1 by 1m | GM157 | SouthEast | 275690 | 624637 | 1.17 |
| Panel Sample 1 by 1m | GM31 | Alywn’s Pit | 275322 | 625179 | 1.15 |
| Panel Sample 1 by 1m | GM29 | Alywn’s Pit | 275331 | 625181 | 0.87 |
| Panel Sample 1 by 1m | GM37 | Alywn’s Pit | 275318 | 625198 | 0.83 |
| Panel Sample 1 by 1m | GM24 | Alywn’s Pit | 275331 | 625192 | 0.80 |
| Panel Sample 1 by 1m | GM46 | Alywn’s Pit | 275318 | 625204 | 0.78 |
| Panel Sample 1 by 1m | GM111 | Camp | 274074 | 625635 | 0.69 |
| Panel Sample 1 by 1m | GM33 | Alywn’s Pit | 275318 | 625196 | 0.60 |
| Panel Sample 1 by 1m | GM12 | Alywn’s Pit | 275318 | 625188 | 0.58 |
| Panel Sample 1 by 1m | GM138 | Goldstar NE | 276273 | 626383 | 0.56 |
The two newly defined zones of highly anomalous gold mineralization discovered as a result of the recent sampling at Goldstar East and Goldstar NE are outside of the Company’s initial exploration grid and within 200 metres of Azimuth Resources “Goldstar Showing”, where both current and historical advanced exploration by Azimuth, including geochemical sampling and drill testing, has confirmed the gold fertile nature of the Aurora-Gem Creek Corridor, a structure that is continuous throughout the majority of the Kaburi Prospecting Lease.
The Company has also completed addition work towards final definition of targets, to be drilled as soon as is reasonably practical, through infill, and extension-power auger geochemical sampling as part of its Phase II Exploration Program, designed to more accurately define the bedrock source of the “Seer” gold-in-soil trend. The program is now complete with results expected by the First Quarter 2013.
All rock samples from the Kaburi project sampling program were analyzed by Acme Analytical Labs of Vancouver, B.C., utilizing a 1EX ICP 46-element analytical package with a 30 gram G6 fire assay finish for gold. All samples were collected by Tajiri geological personnel shipped to Acme Analytical Labs preparation facility in Georgetown, Guyana, where samples were sorted and crushed to appropriate particle size (pulp) and representatively split to a smaller size for shipment to Acme’s Vancouver analysis facility. Paul D. Gray, PGeo, is the company’s qualified person with respect to the Kaburi Gold Project and has reviewed and approved this press release.
On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil, President, CEO
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.
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