Japan Gold Barrick Alliance Commences Drilling Program at Togi Project, Japan
Japan Gold Barrick Alliance Commences
Drilling Program at Togi Project, Japan
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - Japan Gold Corp. (TSXV: JG)
(OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce that it has commenced
drilling at the Togi Project, one of three priority projects advancing under the Barrick Alliance (refer to the
Company's news release dated August 19, 2024).
The first of two 500-meter drill holes is currently underway at the Akasaka target where drilling is
targeting strike extensions of the Mori vein along the prospective Mori Fault,
Figure 1
. Strike extensions
to the northeast of the Mori vein are largely obscured by post-mineralization cover but evidence of
potential mineralized extensions is supported by sinter scree, and quartz vein boulders and cobbles
hosting gold grades up to 79.7 g/t gold, (refer to the Company's news release dated 22nd April 2021).
Controlled Source Audio-frequency Magneto-Telluric (CSAMT) geophysics completed along a 2-
kilometer section of the Akasaka target highlighted resistivity features potentially representing
epithermal veins, which drilling is currently targeting.
The Mori vein within the Akasaka target produced 16,500 ounces of gold at an average grade of 14 g/t
gold and is reported to be up to 4 meters wide, with gold values ranging between 8 to 20 g/t gold
1
.
Records show the mineralization at lower mine levels open at depth with average grades of 8.12 g/t gold
and 56.9 g/t silver
1
. Workings did not exceed 120 meters below portal level.
Mr. Fraser MacCorquodale, President & COO stated, "We are pleased to begin our inaugural drill
campaign at Togi, located on the historic Togi goldfield on the Noto Peninsula of Japan's Honshu Island.
We have been working closely with Barrick Gold technical advisors in designing this program and we
are looking forward to the results of the drilling campaign."
Figure 1
: Togi Project, simplified geology, geochemistry and drill hole location map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/224136_44c54ea72428cbe8_001full.jpg
Reference
1
Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan.
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration across
Japan. The Company holds a significant portfolio of tenements covering areas with known gold
occurrences, history of mining and prospective for high-grade epithermal gold mineralization. The Japan
Gold leadership and operational team of geologists, drillers and technical advisors have extensive
experience exploring and operating in Japan and have a track record of discoveries world-wide.
Japan Gold has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain
gold mineral properties and mining projects with the potential to host Tier 1 or Tier 2 gold ore bodies in
Japan.
On behalf of the Board of Japan Gold Corp
.
John Proust
Chairman & CEO
For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: +1 604-417-1265
Email:
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 2024 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, the timing and granting of
prospecting rights; the Company's ability to convert prospecting rights into digging rights within the
timeframe prescribed by the Mining Act; 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
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 laws.
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