Japan Gold Granted Prospecting Rights at its Tobaru Project in the Southern Kyushu Epithermal Gold Province, Japan
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 Granted Prospecting Rights at its Tobaru Project in the Southern Kyushu
Epithermal Gold Province, Japan
October 02, 2018– Vancouver, BC – Japan Gold Corp. (TSX -V: JG) (OTCQB: JGLDF) (“Japan
Gold” or the “Company”) is pleased to announce that its four prospecting rights applications over the
Tobaru Project in the Southern Kyushu Epithermal Gold Province, Japan, have been converted to
Prospecting Rights by the Japanese Ministry of Economy, Trade and Industry (METI).
The Tobaru Project totals 1,347 hectares covering a large alteration zone adjacent and along strike to the
Fuke epithermal gold mine (106,000 ounces gold produced 2) in the highly gold endowed Hokusatsu-
Kushikino mining district, in the Southern Kyushu Epithermal Gold Province.
In excess of 10 million ounces of gold has been produced from high -grade epithermal deposits of this
province, refer to Figure 1 which shows the northern portion of the district, project locations and significant
mines. Notable producers within the district include: the Hishikari mine with 7.4 million ounces of gold
produced to date at average grades of 30- 40 g/t Au 1; Kushikino mine, 1.8 million ounces at 6.7 g/t Au;
Yamagano mine, 910,000 ounces at 17.4 g/t Au; and the Ohkuchi mine wi th 714,000 ounces at 13.6 g/t
Au2,3.
Granting of Prospecting Rights authorizes the Company to commence more advanced exploration methods
including drilling.
The Project
The Tobaru Project is located in the northern part of the Hokusatsu-Kushikino mining district. Significant
gold producers nearby include the Fuke and Okuchi mines located respectively 0.5 and 4 kilometers west
and south of the project, Figure 1. No historic production is recorded at Tobaru but the project applications
enclose a large area of alteration hosted in andesite volcanics. A zoned area of alteration mapped by the
Company extends over a 2,000 by 1,000 meter area and is characterized by residual or vuggy quartz in four
elliptical zones up to 300 x 150 meters in diameter, encl osed by ammonium clay minerals and illite,
localised advanced argillic alteration assemblages, and networks of quartz – iron oxide stockwork veinlets,
refer to Figure 2 which shows the Tobaru project simplified geology and alteration in relation to the Fuke
mine veins.
First pass sampling work by the Company has shown elevated trace element geochemistry co-incident with
the mapped zoned alteration. Descriptions of veining in the Fuke mine suggest both the upper and deeper
levels of an epithermal system are present and probably superimposed, as quartz -adularia-carbonate and
quartz-base metal sulphide veins are noted, high-grade gold shoots are also reported from the mine2, 5. The
intensity and frequency of fracturing observed throughout the Tobaru alteration zone coupled with a 150 to
200 meter increase in elevation into the project area are positive factors for a potential extension of the Fuke
vein system into the project area. Tobaru’s position in the Hokusatsu- Kushikino mining district and its
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proximity to other mines including Fuke, Okuchi and Hishikari make it worthy of further exploration. The
Company plans more detailed sampling and mapping and if warranted, geophysical methods in 2019 to
identify potential drill targets.
John Proust, Chairman and CEO of Japan Gold, commented, “We are pleased to see the granting of these
prospecting licenses in this world class gold district of southern Japan, and consider this another timely
advancement to the Company’s exploration portfolio.”
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 in Japan. The Company has applied for 210 prospecting rights licenses in Japan for a combined
area of 69,505 hectares over seventeen separate projects. Thirty-seven of the applications have been granted
as Prospecting Rights. The applications cover areas with known gold occurrences and a history of mining,
and are prospective for both high-grade epithermal gold mineralization and gold-bearing lithocaps, 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 Contact
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: [email protected]
References
1 Sumitomo Metal Mining Co., LTD. website, production as of end of March 2017.
2 Watanabe, 2005. Late Cenozoic evolution of epithermal gold metallogenic provinces in Kyushu, Japan.
Mineralium Deposita (2005) 40: pp 307-323
3 Garwin et al. 2005. Tectonic setting, Geology, and gold and copper mineralization in the Cenozoic magmatic arcs
of Southeast Asia and the West Pacific. Economic Geology 100th Anniversary Vol. pp 891 -930
4 Hamilton, Chris., 1993. Tourmaline- and Pyrophyllite-bearing Hydrothermally altered Volcanic rocks at Tobaru,
Japan, Resources Geology Special Issue, No.14, 115-121
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5Muto, N., 1952. The systematic arrangement of veins at Fuke Gold mine, Kagoshima Prefecture. Shigen
Chishitsu, pp. 49-53
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. The technical information
in this news release has been reviewed by Japan Gold’s President & Chief Operating Officer, Dr. Mike Andrews,
PhD, FAusIMM, who is a Qualified Person as defined by National Instrument 43- 101. As the Qualified Person, he
has supervised the preparation and approved the scientific and technical disclosure in the news release.
This news release contains forward -looking statements relating to expected or anticipated future events and
anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties,
such as general economic, market and business conditions, competition for qualified staff, the regulatory process and
actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration,
uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company’s ability
to execute and impl ement future plans, and the occurrence of unexpected events. Actual results achieved may vary
from the information provided herein as a result of numerous known and unknown risks and uncertainties and other
factors.
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Figure 1: The Northern Hokusatsu-Kushikino Mining District, southern Kyushu, Japan Gold projects on
simplified geology with historic and recent gold mines.
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Figure 2: Tobaru Project area with Simplified Geology and Alteration.