Japan Gold Exploration Update on Barrick Alliance Gold Projects in Hokkaido
NEWS RELEASE
Japan Gold Exploration Update on Barrick Alliance Gold Projects in Hokkaido
Vancouver, British Columbia - August 18, 2020 – Japan Gold Corp (TSXV:JG)(OTCQB:JGLDF)
(“Japan Gold” or “the Company”) is pleased to provide a progress report on the Barrick Alliance project
activities in northeast Hokkaido, Japan.
Highlights:
• Bulk leach extractable gold (BLEG) and rock float samples are being collected across the Sanru
Project
• The Sanru Project (318km2) is the Company’s largest project and covers a 25 -kilometer strike
length from the Sanru Mine in the southwest to the boundary of Irving Resources (CSE:IRV) Omu
Project in the north (Figure 1)
• The Kitami Region of northeast Hokkaido is one of Japan’s major epithermal gold provinces with
more than 40 historic mines and prospects, including:
o Konomai Mine, Japan’s third largest gold mine (historic production of 2.35Moz at an
average grade of 6.4g/t Au)
o Sanru Mine (historic production of 225,000oz at an average grade of 7.4g/t Au)
• Japan Gold has 9 projects with applications and prospecting rights covering 737 km2 of prospective
ground within the region, 8 of which are included in the Barrick Alliance (531.9 km2) (Figure 1)
Exploration Update
Barrick Alliance field teams relocated from southern Kyushu to northeast Hokkaido in late July and are
currently undertaking regional sampling on the Sanru Project collecting bulk leach extractable gold (BLEG)
and rock float samples across the extensive, 31,822.4-hectare project area. This regional phase of BLEG
and rock sampling is expected to be completed at the Sanru Project by the end of August . Following
completion of this program, the Company’s teams will move south to the Aibetsu Project and then onto the
eastern Kitami Region projects with the aim of completing the regional phase of work programs in northeast
Hokkaido before the onset of winter.
About the Sanru Project
The Sanru Project is the Company’s largest project and covers a 25-kilometer-long northeast oriented strike
length of the prospective Omu-Kamikawa graben from the Sanru Mine in the southwest to the boundary of
Irving Resources Omu project in the north (Figures 1 & 2). The Sanru Mine is located on the southwest
edge of the project and occurs at a flexure in a major northeast trending fault 2 that continues through the
project towards the Omui Mine. Five veins were developed at the Sanru Mine containing six bonanza-grade
ore shoots, reported dimensions of the shoots were up to 200 meter s in length by up to 30 meters wide 3.
The Honpi or Champion vein was the largest developed in the Sanru Mine and averaged 8 g/t gold and 40
g/t silver along a strike length of 1,300-meter, with an average width of 4.0 meters and a vertical extent of
300 meters4. The Juji-hi vein carried the highest grades, averaging 25 g/t gold and 200 g/t silver along a
350-meter strike by 150-meter vertical extent with an average width of 0.5 meters4.
The northeast continuation of the Sanru Mine structure and parallel structures are host to six workings and
gold occurrences across the southern half of the project, refer to Figure 2. Sinterous quartz float previously
identified, shedding from the Jugosen-zawa workings, indicates preservation of the epithermal vein system
in this locality. Systematic regional drainage sampling carried out by the Metal Mining Agency of Japan
(MMAJ) in 1997, identified five coincident gold and arsenic anomalous drainage basins across the southern
half of the project but follow up work was limited.
The significant gold grade and dimensions of quartz veins mined at the Sanru Mine are impressive and the
Company believes the exploration potential within the Sanru P roject is under -tested for the following
reasons: erosion of vein systems is inferred to be minimal based on the presence of sinterous quartz reported
at the Jugosen -Zawa workings, and supported by the 300 meter vertical extent of the mineralization
developed on the Champion vein in the Sanru Mine. The Sanru Mine structure and parallel fertile structures
running through the Sanru Project area have seen limited geological surface work and no drill testing.
Kitami Region, northeast Hokkaido
The Kitami Region of northeast Hokkaido is one of Japan’s major epithermal gold provinces with more
than 40 historic mines and prospects1. The region is host to Japan’s third largest mine, the Konomai Mine,
which produced 2.35 million ounces of gold at an average grade of 6.4 g/t prior to its closure in 1974 and
the Sanru Mine, the region’s second largest mine, produced more than 225,000 ounces of gold at an average
grade of 7.4 g/t between 1925 and 1974 2. Within the Kitami Region the Company has 9 projects with
applications and prospecting rights covering 73,704 hectares of prospective groun d. The Barrick Alliance
covers 8 of these projects (53,191 hectares), refer to Figure 1.
Barrick Alliance Progress Snapshot
Geochemical Analysis Geophysics
BLEG Rock Samples Gravity
Hokkaido Island Projects
Sanru in progress in progress
Hakuryu
Aibetsu
Numanoue
Onne
Fujimi
Harutomi
Tenryu
Buho
Minamikayabe
Honshu Island Projects
Togi
Kyushu Island Projects
Tobaru ✓ ✓
Gumyo ✓ ✓
Kurino ✓ ✓
Onoyama ✓ ✓
Onoyama-Yamagano Ext. ✓ ✓
Mizobe-Onoyama Ext. ✓ ✓
Mizobe ✓ ✓ ✓
Mizobe 1st Ext. ✓ ✓ ✓
Tobaru-Fuke Ext.
Ohra-Takamine – Yaeyama Ext.
Kushikino-Iriki
Isa
Yaeyama
Ebino
Bajo
Usa
Kamitsue in progress in progress
References
1 Watanabe, 1995. A Tectonic Model for Epithermal Au Mineralisation in NE Hokkaido, Japan. Resource
Geology Special Issue, No. 18, pp 257-269, 1995
2 Watanabe, 1996. Genesis of Vein-hosting Fractures in the Kitami Region, Hokkaido, Japan. Resource
Geology, v46(3), pp 151-166, 1996
3 METI, 1997-1998. Reports completed by MITI on the Sanru area (Years 9 and 10). The Agency of
Natural Resources and Energy of MITI.
4 Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan.
Qualified Person
The technical information in this news release has been reviewed and approv ed by Japan Gold's Vice
President of Exploration and Country Manager, 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 Corporat ion to jointly explore, develop and mine certain gold mineral
properties and mining projects. The Company holds a portfolio of 30 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 recruited 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: [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
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 abili ty 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 expl ain any material difference between such and
subsequent actual events, except as required by applicable laws.
Figure 1: Kitami Region, northeast Hokkaido, Barrick Alliance and Japan Gold Projects and significant
mines.
Figure 2: Sanru Project and historic gold workings.