Japan Gold Acquires New Gold Project in Central Honshu Further Expanding its Epithermal Gold Portfolio in Japan
TSX-V: JG
OTCQB: JGLDF
Suite 650 – 669 Howe Street, Vancouver, BC V6C 0B4 Canada
Phone: +1 778-725-1491
www.japangold.com
NEWS RELEASE
Japan Gold Acquires New Gold Project in Central Honshu Further Expanding its Epithermal Gold
Portfolio in Japan
July 18, 2019 - Vancouver, British Columbia - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF)
("Japan Gold" or the "Company") is pleased to announce acceptance by the Japanese Ministry of Energy,
Trade and Industry ("METI") of fifteen (15) new prospecting applications covering 3,990 hectares of
prospective ground on the Noto Peninsula region of Honshu Island. These applications cover a seven
kilometre long zone of alteration and historic gold mining known as the Togi Goldfield.
Highlights:
• Under-explored 3,990 hectare area of prospective ground
• Seven historic mine workings along a seven kilometre trend which produced 48,000 oz of gold
between 1910-21, including 16,500 oz @ 14 g/t Au
• Historic shallow workings not exceeding 120 metres below portal level
John Proust, Chairman and CEO commented, “The Togi Goldfield represents another highly prospective
yet under -explored area in Japan. The scale of the alteration corridor, shallow workings along it, and
evidence of preservation of the epithermal system from sinter exposures are very encouraging. Japan Gold
looks forward to advancing the Togi Project along with the rest of its regionally diverse portfolio.”
Togi Project:
Japan Gold’s new Togi Project is located on the northern flank of a regional graben, hosted in early Miocene
andesite volcanics and under -lain by a northeast trending gravity anomaly. A similarly oriented graben -
gravity feature and Miocene host rocks are noted 160 kilometres a long strike to the northeast on Sado
Island, which hosted Japan’s second largest gold mine, the Sado Mine which produced 2.5 million ounces
of gold and 74 million ounces of silver2 until its closure in 1974 (Figure 1). The Company believes the area
is underexplored and highly prospective for epithermal vein discoveries, akin to the Sado Mine.
Togi Goldfield:
Gold mineralisation was discovered in the Togi area in 1896 and historic records from the Togi Goldfield
report seven separate areas of workings along the seven-kilometre trend which produced a combined 48,000
oz of gold and 180,000 oz of silver between 1910- 21. Deposits mined in the project area are divided into
the Hirochi deposits in the northeast and Urugami deposits in the southwest (Figure 2). The Mori vein from
within the Hirochi group produced 16,500 oz of gold at an average grade of 14 g/t. The vein is reported to
be up to four metres wide, with gold values ranging between 8 and 20 g/t gold 1. Records show the
mineralisation at lower mine levels open at depth with average grades of 8.12 g/t gold and 56.9 g/t silver1,
workings did not exceed 120 metres below portal level.
In the southwest area of the Togi Goldfield, historic mine workings on the Urugami deposits cover over 30
small veins and stockwork zones within a two by two kilometre zone. The Togo Mine, the largest within
the Urugami area, produced over 18,000 oz of gold and 83,000 oz of silver from stockwork vein and breccia
zones1,3. Sinter mapped at Urugami and the narrower stock-work style of quartz vein mineralisation indicate
2
the top of a hot-spring epithermal system is preserved, thus supporting the potential for deeper boiling-zone
vein targets.
Historic exploration and drilling results:
In 1988 the NICAM joint-venture between the Nissho-Iwai Corporation and Austpac Gold NL undertook
exploration in the Togi Goldfield. Work completed included mapping, rock and soil sampling, and CSAMT
surveys and included four diamond drill holes in 1990. A summary of this work is included in Figure 2 with
gold in rock values, alteration mapping and the 1990 drill hole locations and intercepts. Drilling intercepted
anomalous gold values including an 11.3 metre interval of silicification and brecciation averaging 0.45 g/t
gold, including 1.85m @ 2.72 g/t gold from 335.6 meters downhole 3. The four reported drill holes are
anomalous and encouraging but have insufficiently tested the seven-kilometre corridor.
Areas of intense clay alteration seen along road cuts between the Hirochi and Urugami deposits suggest
continuity of the hydrothermal system between the two main deposit groups, and along the seven kilometre
structural trend3, further emphasizing exploration potential. Additional reconnaissance work is planned at
Togi for 2019.
References:
1 Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan
2 Garwin et al. 2005. Tectonic setting, Geology, and gold and copper mineralization in the Cenozoic
magmatic arcs of Southeast Asia and the West Pacific. Economic Geology 100th Anniversary Vol. pp 891-
930
3 Austpac Gold NL., 1988-94. Company Annual Reports
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold’s President
& Chief Operating Officer, Dr. Mike Andrews, PhD, FAusIMM, FSEG, who is a Qualified Person as
defined by National Instrument 43-101.
On behalf of the Board of Japan Gold Corp.
"John Proust"
Chairman & CEO
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold and copper -gold
exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company holds
a portfolio of 13 Gold Projects which cover areas with known gold occurrences, a history of mining and
are prospective for high -grade epithermal gold mineralization. The Company also holds a portfolio of 5
3
Lithocap Projects which could indicate the presence of porphyry mineralization. Japan Gold's leadership
team has decades of resource industry and business experience, and the Company has recruited geologists
and technical advisors with experience exploring and operating in Japan. More information is available at
www.japangold.com or by email at [email protected].
Japan Gold Contacts
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: [email protected]
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward -looking statements relating to expected or anticipated future events
and anticipated results related to future partnerships and the Company’s 2019 gold exploration program.
These statements are forward -looking in nature and, as a result, are subject to certain risks and
uncertainties that include, but are not limited to, general economic, market and business conditions;
competition for qualified staff; the regulatory process and actions; technical issues; new legislation;
potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the
timing and granting of prospecting rights; the Company’s ability to execute and implement future plans,
arrange or conclude a joint -venture or partnership; and the occurrence of unexpected even ts. Actual
results achieved may differ from the information provided herein and, consequently, readers are advised
not to place undue reliance on forward-looking information. The forward-looking information contained
herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation
to update or revise forward ‐looking information or to explain any material difference between such and
subsequent actual events, except as required by applicable law.
4
Figure 1: Geological Setting of the Togi Project, Noto Peninsula, Honshu Island, Japan
5
Figure 2: Togi Goldfield Project showing clay alteration zones, historic workings and NICAM JV compilation.