Japan Gold Commences Drilling at the Ohra-Takamine Project And Provides Corporate Update
TSX-V: JG
OTCQB: JGLDF
News Release
Japan Gold Commences Drilling at the Ohra-Takamine Project
And Provides Corporate Update
July 5, 2023 – Vancouver, BC – Japan Gold Corp. (TSX-V: JG) (OTCQB: JGLDF) (“Japan Gold”
or the “Company”) is pleased to announce commencement of drilling at the Ohra prospect within its 100%
owned Ohra-Takamine project in southern Kyushu.
The Ohra-Takamine project is located within the Hokusatsu Region of the Southern Kyushu Epithermal
Gold Province, Japan's largest gold producing district, with more th an 11 million ounces of combined
production from high-grade low-sulphidation epithermal vein deposits1-5.
Ohra-Takamine Project:
An extensive data set collected over the Ohra-T akamine project by the Company includes geological
mapping, soil geochemistry, CSAMT, gravity, and three diamond drillholes. Interpretation of this combined
data set has defined drill targets along the 3.5 km long open-ended corridor of alteration and mineralization
defined by the historical Ohra, Takamine and Ur ushi gold mines. Drilling will initially focus on the
prospective un-tested 1.5 km long strike zone between the Ohra and Takamine mines, (Figure 1).
The Ohra Prospect
The Ohra mine produced more than 28,000 ounces of gold including 21,000 ounces at grades greater than
20 g/t gold1, prior to closure in 1942. Two drill holes were previously completed by the Company at the
Ohra prospect (OTD001 & OTDD20-002). These two drill hol es targeted vertical depth extensions of the
high-grade Ohra vein shoot, intersecting narrow mineralized vein intervals and indicating a termination of
the Ohra shoot in that locality. However, drill hole OTDD20-002 continued past the projection of the Ohra
veins into the footwall intersecting a significant num ber of banded and sheeted quartz veins in the lower
portion of the drill hole. These deeper veins may indicat e the presence of conceale d parallel vein zone at
Ohra.
The initially planned drill hole OTDD23-001, located 150 m southwest of the Ohra workings, will target
the inferred strike extension of the veins encountered in Ohra footwall in drill hole OTD20-002. The target
is supported by a strong and coincident gold, pathfind er element and clay alteration footprint defined by
soil sampling, and the presence of abundant sinter scree along the target zone indicating good preservation.
A corridor of coincident CSAMT defined resistive and conductive anomalies along the 1.2 km strike zone
between the Ohra and Takamine workings also supports contiguous alteration along the zone.
If the planned drill hole is successful, additional drilli ng will target the 1.2 km long gold and pathfinder
element anomalous strike extension towards the Takamine mine workings, refer to Figure 1.
Appointment of Brenda Dayton as Vice President Corporate Communications
Ms. Brenda Dayton has been appointed as Vice Presid ent, Corporate Communications, effective July 4,
2023.
In this role, Brenda will lead the Company’s internal and external communications functions, and will work
closely with the senior management team and the Japan Gold Board of Directors in developing and
implementing an Investor Relations and Communica tions plan focused on advancing its resource
development stage projects. Brenda has extensive e xperience within the precious metals mining industry.
Prior to joining Japan Gold, she served in a variety of senior corporate communications roles with such
companies as GR Silver Mining, Sunward Resources and Golden Queen Mining. Ms. Dayton is a Director
of the CIRI Board – BC Chapter and holds a Bachelor of Arts degree from the University of Calgary. She
will be based in the Company’s Vancouver head office.
In conjunction with her appointment, Ms. Dayton entered into an employment agreement with the Company
for an indefinite term. Additionally, and pursuant to the Company’s equity in centive plan, the Board of
Directors has granted Ms. Dayton a total of 200,000 stock options priced at $0.20 per share.
John Proust, Chairman and CEO of Japan Gold commented, “I am very excited to have Brenda join us. Her
experience and expertise in corporate communications and investor relations will be key to expanding
awareness of Japan Gold and its value opportunity within the capital markets.”
Qualified Person
The technical information in this news release ha s been reviewed and approved by Japan Gold Vice
President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a
Qualified Person as defined by National Instrument 43-101.
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 34 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 an opera tional team of geologists, drillers and technical
advisors with experience exploring and operating in Japan.
Japan Gold has a country-wide alliance with Barrick Go ld Corporation to jointly explore, develop, and
mine certain gold mineral properties and mining projects. The Barrick Alliance has completed a successful
two-and-a-half-year country-wide screening program of 29 projects and has selected six with the potential
to host Tier 1 or Tier 2 gold ore bodies for further advancement and three more recently acquired project
areas and one recently acquired project, for initial evaluation.
On behalf of the Board of Japan Gold Corp.
“John Proust”
Chairman & CEO
For additional information, please contact:
Brenda Dayton
Vice President, Corporate Communications
Japan Gold Corp.
Email: [email protected]
Telephone: 604.417.7952
Website: www.japangold.com
References
¹Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan
²Sumitomo Metal Mining Co., LTD. Integrated Report, March 2022
³Watanabe Y, 2005. Late Cenozoic evolution of epithermal gold metallogenic provinces in Kyushu, Japan.
Mineralium Deposita (2005) 40: pp 307-323
⁴Garwin, S.G. et al. 2005. Tectonic setting, Geology, and gold and copper minera lization in the Cenozoic
magmatic arcs of Southeast Asia and the West Pacific. Economic Geology 100th Anniversary Vol. pp 891-
930
⁵Shikazono, N. 2003. Geochemical and Tectonic Evolution of Arc-Backarc Hydrothermal Systems,
Volume 1. Elsevier, 2003
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation S ervices 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 statemen ts relating to expected or anticipated future events
and anticipated results related to future partnerships ,Company's 2020 gold exploration program, and Ms.
Dayton’s scope of services. 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 regul atory 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 informa tion provided herein and, consequently, readers are
advised not to place undue reliance on forward-look ing 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.
Figure 1: Geological map of the Ohra-Takamine project area, with historical mine workings, gold in soil anomalies, Company and MMAJ drill
holes.