11:22 AM EDT, 07/18/2024 (MT Newswires) -- Tajiri Resources Corp. ( TAJIF ) on Thursday said entered into an agreement with a privately-held Guyanese company to purchase a vesting 65% interest in the Yono property for 40-million shares. The vendor will retain a 35% stake in the property.

Yono is close to the central portion of a collective 5.2Moz @ 2.3g/t Au Indicated and 2.7Moz @ 2.5g/t Au of Inferred Resources delineated by G2 Goldfields (GTWO.TO) and Reunion Gold (RGD.TO) at their respective Oko and Oko West Projects.

"While Yono contains no defined resources, and has not seen any modern exploration, it is at its closest point ~170 meters from defined resources. Considerable artisanal mining has been conducted on the property, and surrounding exploration data as contained in the NI 43-101 reports of G2 Goldfields and Reunion suggest the property is prospective," Tajiri said.

The company's shares were last seen up $0.01 to $0.08 on the TSX Venture Exchange.

Price: 0.08, Change: +0.01, Percent Change: +14.29