Japan Gold Commences Drilling at the Saroma Prospect
Japan Gold Commences Drilling at the Saroma
Prospect
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2022) -
Japan Gold Corp. (TSXV: JG)
(OTCQB: JGLDF)
("
Japan Gold
" or the "
Company
") is pleased to announce the commencement of
drilling at the Saroma prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan.
An initial four scout drill holes have been planned at the Saroma prospect to test a 1 km long section of
the Saroma vein. Mapping around the shallow historical workings at Saroma has identified vein zones
up to 7 m wide of fine-grained colloform-crustiform-ginguro banded quartz veins. Drilling will target the
deeper extensions of these shallowly mined ore shoots for higher-grade mineralization.
John Proust, Chairman and CEO stated "It is great to be drilling another new target from our vast
portfolio of properties covering the most prospective epithermal regions of Japan. I am very encouraged
by the results our exploration teams are delivering to identify further drill targets which may lead to future
discoveries."
Saroma Prospect
Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose
gold workings were developed on epithermal veins that step along a northeast trending fault zone which
extends for at least 3.5 km along the Saroma valley (Figure 1). Operated during the 1930's, records
show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933
to 1939
1
. There are no production records from the Taiho and Chitose workings, however, records
indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943
gold mining moratorium.
The Company's field observations at the Saroma prospect show vein structures up to 7 m wide
discontinuously exposed along a 1.5 km long strike zone. Texturally, the veins exhibit typical low-
temperature fine-grained colloform-crustiform-ginguro banded quartz-adularia textures indicating good
preservation of the epithermal system. Quartz veins at Saroma are hosted in Cretaceous basement
sediments which form an excellent brittle host rock for veining and the significant strike extent and
preservation of the epithermal system supports deeper drill-targeting for high-grade mineralization below
the shallowly developed workings.
Reference
1
Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern
Hokkaido Area B-Metalliferous Deposits Overview.
On behalf of the Board of Japan Gold Corp
.
"John Proust"
Chairman & CEO
Qualified Person
The technical information in this news release has 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 has a country-wide
alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral
properties and mining projects. The Company holds a portfolio of 31 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 operational team of geologists, drillers and technical advisors with
experience exploring and operating in Japan. More information is available at www.japangold.com or by
email at
For further information please contact:
John Proust
Chairman & CEO
Phone: +1 778-725-1482
Email:
Website:
www.japangold.com
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 2022 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 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.
Figure 1
: Saroma Project: simplified geology, historical mines and workings and 2022 scout drill
program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/134091_6dc87fb6743789c2_001full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/134091