Japan Gold Acquires Three New Gold Projects in the Southern Kyushu Epithermal Gold Province and Relinquishes Copper-focused Projects
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 Three New Gold Projects in the Southern Kyushu Epithermal Gold
Province and Relinquishes Copper-focused Projects
July 30, 2019 – Vancouver, BC – Japan Gold Corp. (TSX -V: JG) (“Japan Gold ” or the
“Company”) is pleased to announce expansion of its epithermal gold portfolio in Japan via acquisition
of three new Projects in the prospective Southern Kyushu Epithermal Gold Province. The projects cover
prospective ground along strike of, or adjacent to, current and past producing gold mines including the
Hishikari, Kushikino, Yamagano and Okuchi mines.
The Southern Kyushu Epithermal Gold Province has produced i n excess of 11 million ounces of gold
from low -sulphidation epithermal deposits. Notable producers within the province include: the
Hishikari mine with 7.6 million ounces produced to date at average grades of 30 -40 g/t1; Kushikino
mine, 1.8 million ounces at 6.7 g/t; Yamagano mine, 910,000 ounces at 17.4 g/t; and the Okuchi mine
with 714,000 ounces at 13.6 g/t2,3.
The three new projects comprise 76 applications, 23,406 hectares collectively. The Japanese Ministry
of Economy, Trade and Industry (“METI”) has notified acceptance of the new applications giving Japan
Gold priority over these areas and authorization to commence surface exploration. With the addition of
these new projects, the Company’s portfolio now includes 18 separate gold projects within the major
epithermal gold provinces of Japan, Figure 1.
Lithocap Relinquishments
In conjunction with the new project acquisitions, the Company has made the decision to focus solely
on its gold projects and relinquish the majority of its copper-gold lithocap projects. The decision to
relinquish these lithocap projects follows an appraisal completed during 2018-19. The Eboshi, Kobui,
Ponkutosan and part of the Minamikayabe projects will be relinquished , t he retained area at
Minamikayabe hosts gold-bearing quartz veins that require further investigation. The Kamitsue lithocap
project in Kyushu exhibits features of a gold-rich porphyry system, is inferred to have undergone the
most erosion, and therefore is believed to have the best potential to host a relatively shallow mineralized
porphyry intrusion. The Kamitsue project will therefore not be relinquished.
References:
1 Sumitomo Metal Mining Co., LTD. website, production as of end of March 2019.
2 Watanabe, 2005. Late Cenozoic evolution of epithermal gold metallogenic provinces in Kyushu, Japan.
Mineralium Deposita (2005) 40: pp 307-323
3 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
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.
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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 18 Gold Projects which cover areas with known gold occurrences, a history of
mining and are prospective for high-grade epithermal gold mineralization. Japan Gold's leadership team
has decades of resource industry and busi ness 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 condi tions; 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 events. 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.
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Figure 1: Japan Gold, New and Existing Gold Exploration Projects