Japan Gold Expands its Ikutahara Gold Project in North Hokkaido
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 Expands its Ikutahara Gold Project in North Hokkaido
July 11, 2019 - Vancouver, British Columbia - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF)
("Japan Gold" or the "Company") is pleased to announce expansion of its Ikutahara Project in northern
Hokkaido with the acceptance of four additional prospecting rights applications by the Japanese Ministry
of Energy, Trade and Industry ("METI"). The four new accepted applications, totalling 1,399 hectares,
extend the northern boundary of the Ikutahara Project proximal to historic workings at the Toge Hill, Asada
Ridge, and Akebono prospects (see figure 1). The newly accepted blocks cover potential extensions to the
Toge and Asada prospect within prospective Miocene aged host rocks at the northern end of the Kitano-o
Gold District. The Kitano-o District includes four historic eluvial and hard rock gold mines and workings
over an approximate 6 kilometre by 3 kilometre area.
John Proust, Chairman and CEO commented, “The discovery of the Toge and Asada prospects has
significantly expanded the Kitano-o Gold District mineralisation further to the north. The acceptance of the
four new prospecting rights applications gives us confidence that we have covered all prospective ground
in the area”
Ikutahara Project: Toge Hill and Asada Ridge Prospects
In 2018, following up on earlier reconnaissance sampling, two new areas of significant quartz veining were
identified at the Toge Hill and Asada Ridge prospects, further extending the Kitano-o Gold District to the
north. Mapping revealed undocumented historic trenching, pitting and workings on low-temperature / high-
level textured epithermal quartz veins hosted in Miocene volcanics. Intermit tent exposures of the Toge
veins have been mapped over a 2 -kilometer long, east-northeast trending series of ridges with individual
veins up to 3 meters wide. Several hundred meters north of Toge, the Asada vein has been mapped for 400
meters along a northeast trending ridge.
Both vein zones exhibit gold anomalism with a peak value of 15 g/t gold from a rock-float sample collected
below the vein subcrops . Pathfinder elements including silver, arsenic and antimony are anomalous and
support the shallow level of exposure of the veins, and the potential for higher-grade gold zones to develop
at depth.
A combination of local high-grade gold in basement hosted mineralisation at the nearby Akebono prospect,
strong gold and pathfinder element anomalis m in low -temperature quartz veins at the Toge and Asada
prospects and the close proximity of the basement unconformity provide encouraging exploration drill
targets at the Toge and Asada prospects. Drilling will target boiling zones at deeper levels on the veins and
where veins cut the basement unconformity, lying very close to surface in the north-east part of the prospect.
Such unconformity targets, the likes of which host the Hishikari mine in Kyushu, provide a compelling
exploration model at the Toge and Asada prospects and throughout the underexplored Kitano- o Gold
District.
This year, more detailed work is planned for the Toge and Asada prospects and will include soil sampling
and possibly CSAMT geophysical techniques, if warranted, to further enhance drill targeting.
Ikutahara Project: Akebono Prospect
2
The Akebono prospect, hosted in Mesozoic basement rocks is located 1 kilometre along strike to the
northeast of the Toge and Asada prospects and hosts localised high-grade intervals sampled in underground
workings including a 1.2 meter wide vein interval of 446 g/t gold and 37 6 g/t silver ₁. A scout drilling
program of three drillholes conducted by Japan Gold late in 2017 returned an encouraging intercept of 0.45
m (true width 0.37 m) @ 29.7 g/t Au and 77 g/t Ag in one of the holes at Akebono (refer to Company’s
news release dated February 5, 2018).
Ikutahara Project: Phase 1 Drilling Program Update
A 3,000 meter scout drilling program at the Kitano- o Gold Mine Prospect is planned to commence later
this month and is designed to target boiling zones in veins beneath the extensive eluvial surface workings.
For more information on the Company’s website, visit www.japangold.com
References:
₁Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern
Hokkaido Area B – Metalliferous Deposits Overview.
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 and copper -gold
exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company holds
a portfolio of 12 Gold Projects which cover areas with k nown gold occurrences, a history of mining and
are prospective for high- grade epithermal gold mineralization. The Company also holds a portfolio of 5
Lithocap Projects which could indicate the presence of porphyry mineralization. Japan Gold's leadership
team has 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 [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
3
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 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 law.
Figure 1: Ikutahara Project, New Accepted Prospecting Rights Applications