Japan Gold Provides an Update on Exploration Activities at the Ikutahara Project
Japan Gold Provides an Update on Exploration
Activities at the Ikutahara Project
Vancouver, British Columbia--(Newsfile Corp. - October 20, 2022) -
Japan Gold Corp. (TSXV: JG)
(OTCQB: JGLDF)
("
Japan Gold
" or the "
Company
") is pleased to provide an update on exploration
activities at the 100% owned
Ikutahara Project in Hokkaido, Japan, (
Figure 1
).
Ryuo Prospect
Two additional drill holes are planned at the Ryuo Prospect for late 2022 to follow up on the high-grade
gold drill intercepts from the 2021 and recent round of drilling, and other priority targets. Previous drilling
has tested beneath five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed
along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed
closure in 1943. Historical underground sampling in the Jinja vein workings revealed high-grade gold-
silver mineralization which was sampled along a
72 m strike length
giving an average grade of
40.8 g/t
Au
and 193 g/t Ag, with an average vein width approximately 0.5 m.
For more information on the Ryuo prospect, refer to the Company's news release dated 11
th
October
2022.
Saroma Prospect
Six drill holes have now been completed at the Saroma prospect. Four drill holes were initially planned to
test a 1 km strike length of the Saroma prospect. The four initial drill holes all intersected significant
quartz vein zones up to 8 m wide of banded and brecciated chalcedonic quartz with ginguro banding.
Based on these encouraging intersections an additional two holes were completed to test continuity of
the vein zones to depth. The additional two deeper drill holes also intersected significant quartz vein
zones with similarly low-temperature chalcedonic textures indicating good preservation of the vein
system. The six drill holes completed at Saroma between July and September comprise a total of
1,308.8 m, all drill core samples are now at the lab with results expected by early December.
The Saroma prospect lies at the northeast end of a major 3.5 km long fault zone which also hosts the
Chitose and Taiho historical mine workings, refer to the Company's news release dated 17
th
August
2022 for more information on the Saroma prospect.
Kitano-o Prospect
Drilling is
underway at the east side of the Kitano-o prospect where two of the Company's PMC700 drill
rigs are currently operating.
One of three planned deep drill-holes has been completed and another two
drill holes are in progress and expected to be completed by early November. The initial three scout drill
holes at east Kitano-o are targeting combined geochemical and geophysical anomalies below historic
workings and adjacent to major graben and rhyolite dome structures proximal to the Cretaceous
basement interface. For more information on the Kitano-o prospect refer to the Company's news release
dated 19
th
February, 2020.
Ikutahara 2022 Surface Exploration Programs
Soil sampling programs are ongoing at the Ikutahara Project to extend soil grids along the graben-
margin north and south of the Kitano-o prospect and over extensions of the alteration zone at the Ryuo
prospect, (Figure 1). These soil sampling programs are aimed at defining poorly exposed or concealed
vein systems by their combined alteration footprints and pathfinder mineral assemblages. Definition of
significant anomalous footprints can then be ranked and further advanced towards drill targeting with
focused geophysical surveys such as CSAMT and induced polarization.
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
.
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
:
Ikutahara Project: simplified geology, historical mines and workings, 2022 prospect drilling
areas and soil grids.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/141259_42e6c8c45480c81e_001full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/141259