Japan Gold Announces Grant of Prospecting Rights at Historic Aibetsu Goldfield
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 Announces Grant of Prospecting Rights at Historic Aibetsu Goldfield
Vancouver, British Columbia, November 21, 2019 – Japan Gold Corp. (the “Company”) (TSXV:JG)
(OTCQB: JGLDF) is pleased to announce the granting of Prospecting Rights over the historic Aibetsu
Goldfield in the Kitami Region of northern Hokkaido by the Japanese Ministry of Economy, Trade and
Industry ("METI").
Nine of the 22 prospecting rights applications at the Aibetsu Project, comprising 2,916 hectares, have been
converted to Prospecting Rights. This paves the way for drill target definition over high-priority targets in
the 2020 field season [See Figure 1].
Prospecting Rights have now been granted over the historic Aibetsu Goldfield which includes three known
hard rock and eluvial gold and mercury workings; Tokusei (Au), Motoyama (Hg) and Yamamezawa (Hg),
[Figure 2]. The largest of these was the Tokusei gold mine, which was reported to have produced 38,000
ounces of gold and 474,000 ounces of silver from underground development between 1930 and 19431.
Historic production at Tokusei came from a series of approximately 20 banded-epithermal veins hosted in
andesitic volcanic rocks. Individual veins varied in length from 22 to 425 metres, with one exceptional vein,
the Sanjinhi vein, averaging 6.4 metres in width over a 140 metre strike length which averaged 17.7 g/t
gold and 20.4 g/t silver2.
Government funded work included a drilled vein intercept of 0.95 metres grading 69 g/t gold and 263 g/t
silver from a drill hole 500 metres to the northeast of the Tokusei mine workings 3. The Company has
identified extensive areas of anomalous gold and pathfinder elements in soil sampling which highlights the
prospectivity of the Tokusei mine extensions. The Company will investigate these anomalies in more detail
and will prepare a drilling plan in the 2020 field season. For more detailed information on the Aibetsu
Project, refer to the Company’s website and news release dated February 28, 2018 ;
https://japangold.com/index.php/news/2018/204-japan-gold-reports-encouraging-results-from-the-2017-
exploration-program-at-the-aibetsu-project-in-north-hokkaido.
References
1 Watanabe, Y., (1995). A Tectonic Model for Epithermal Au Mineralisation in NE Hokkaido, Japan.
Resource geology Special Issue, No. 18, pp. 257-269.
2 Fujiwara, T., Konoya, M., and Matsui, K. (1960). Geology and mineral deposits in the Aibetsu
area, Hokkaido Chikashigen Chosashiryo 59: pp. 1-20 (in Japanese).
3 Metal Mining Agency of Japan, Geological Survey Report for Fiscal Year 2002, North Hokkaido Area.
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 exploration across the
three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company holds a portfolio of 24 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 represent 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
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 the Private Placement. 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; receipt and timing of regulatory
approvals; new legislation; potential delays or changes in plans; and the Company’s ability to execute and
implement future plans. These forward -looking statements include completion of the Private Placement
and the use of proceeds from that financing. 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 upd ate or revise forward -looking
information or to explain any material difference between such and subsequent actual events, except as
required by applicable law.
Figure 1: Japan Gold Projects in northern Hokkaido, the Aibetsu Project is highlighted.
Figure 2: The Aibetsu Project in northern Hokkaido, historic mines, newly granted Prospecting Rights and applications.