Japan Gold Expands the Aibetsu Project Following High-Grade Results from the Barrick Alliance Stream-Sediment Sampling Program
Japan Gold Expands the Aibetsu Project
Following High-Grade Results from the Barrick
Alliance Stream-Sediment Sampling Program
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2022) -
Japan Gold Corp.
(TSXV: JG)
(OTCQB: JGLDF) (the "
Company
") is pleased to announce acceptance by the Japanese Ministry of
Economy, Trade and Industry ("METI") of 13 new prospecting rights applications covering 3,972
hectares between its Barrick Alliance Aibetsu and Tenryu Projects, in north Hokkaido.
Regional BLEG Sampling Results:
Stream-sediment samples analysed for gold and pathfinder elements were systematically collected at
Aibetsu in 2020-21 as part of the larger regional screening program conducted across the Barrick
Alliance projects (Figure 1). A review of the data has identified multiple, strong gold and pathfinder
element basin anomalies across the Aibetsu and Tenryu project areas. Anomalous basins include those
draining areas of known gold and mercury workings on the west side of Aibetsu and at Tenryu.
Additionally, strong and contiguous basin anomalies defining a significantly larger area have now been
identified both within and outside of the current project boundaries on the east side of Aibetsu, and
Tenryu projects. Based on this information, new prospecting rights applications were filed to cover these
open anomalies and the acceptance by METI gives the Barrick Alliance priority to advance the
expanded Aibetsu district (Figure 2).
Aibetsu Project
The historic Aibetsu Goldfield includes four known hard rock and eluvial gold and mercury workings
including the Tokusei mine (Au), Kinzan (Au), Motoyama (Hg) and Yamamezawa (Hg) workings. The
Tokusei gold mine produced 38,000 ounces of gold and 474,000 ounces of silver from underground
development between 1930 and 1943
1
.
Historic production at Tokusei came from a swarm of approximately 20 banded epithermal veins hosted
in andesitic volcanic rocks. Individual veins varied in length from 22 to 425 metres, and one exceptional
vein, the Sanjinhi vein, averaged 6.4 m in width over a 140 m strike length, and averaged 17.7 g/t gold
and 20.4 g/t silver
2
.
Government funded exploration work around the Tokusei mine workings in the late 1990's included a
drilled vein intercept of 1.4 m grading 69 g/t gold and 263 g/t silver from a drill hole 500 m 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 highlight the prospectivity of strike extensions at the
Tokusei mine. For more detailed information on the Aibetsu Project, refer to the Company's website and
news release dated February 28, 2018.
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 Vice
President of Exploration, Andrew Rowe, BAppSc, 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 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: 778-725-1491
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 2020 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:
Kitami Metallogenic Province, Japan Gold & Alliance Projects and significant mines
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5665/127062_1232d5b274fe28a6_001full.jpg
Figure 2:
Aibetsu and Tenryu projects, prospecting rights and applications
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5665/127062_1232d5b274fe28a6_002full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/127062