Japan Gold Receives First Drilling Permit and Commences Drilling
TSX-V: JG
OTCQB: JGLDF
Japan Gold Corp.
Suite 650 – 669 Howe Street, Vancouver, BC V6C 0B4 Canada
Phone: +1 778-725-1491
www.japangold.com
NEWS RELEASE
Japan Gold Receives First Drilling Permit and Commences Drilling
November 28, 2017 – Vancouver, BC – Japan Gold Corp. (TSX -V: JG) (OTCQB: JGLDF)
(“Japan Gold” or the “Company”) is pleased to announce that it has been granted a drilling permit
for the Akebono prospect at the Company’s Ikutahara Project in Hokkaido, Japan, and the drilling
program has commenced.
Highlights:
The scout drilling program commenced on November 28, 2017, and will continue into late
December.
Six drill holes totalling up to 1000 metres of diamond core drilling are initially planned.
Drilling results are anticipated in February 2018.
Japan Gold’s drilling contractor Sumiko Resources Exploration & Development Co. , Ltd., a
wholly owned subsidiary of Sumitomo Metal Mining Co. , Ltd., is operating two of Japan
Gold’s compact portable drill rigs for this program.
Surface mapping by Japan Gold has confirmed a quartz vein structure up to 4 metres wide,
exposed along a 770 metre open ended strike length.
Historical underground sampling at Akebono reported several zones of high -grade
mineralisation, including a 1.2 metre wide channel sample across the vein at 446 g/t Au and
376 g/t Ag (see news release dated: February 9, 2017).
Drilling will target extensions to high-grade mineralisation identified in the historic
underground workings.
John Proust, Chairman and CEO of Japan Gold, stated, “Award of our first drilling permit is a
significant milestone for Japan Gold. Since the Japan Mining Act was amended in 2012, Japan Gold
has blazed a trail as the first foreign mineral exploration company to apply for prospecting rights in
historic mining districts in Japan, as well as the first to be grant ed Prospect Rights. The Company has
now been awarded its first drilling permit and we are very excited to begin the drilling p rogram at the
Akebono prospect.”
Mr. Proust continued, “Japan Gold has generated additional compelling drill targets, focussing on high
grade epithermal veins, in and around historic mines and workings. The Company will seek to rapidly
progress these targets to the permitting phase so that they can be drill tested in 2018. We are very proud
of our progress to date, and this bodes w ell for Japan Gold’s ability to advance its extensive portfolio
of prospective gold projects.”
The Akebono Drilling Prospect
The initial program, of up to six holes totalling up to 1 000 metres of diamond drilling, will aim to
confirm and extend historic high -grade underground sampling to define the potential for high -grade
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shoots in the Akebono vein system. The drilling program is expected to continue into late December
with results anticipated in February 2018.
The Akebono prospect is a low-sulphidation epithermal gold-silver vein target, exhibiting quartz vein
textures typically associated with ‘boiling zone’ gold precipitation in such hydrothermal systems.
Surface mapping conducted by the Company during 2016 and 2017 has identified a steeply dipping,
northeast trending vein system with widths up to four metre s and a strike length of over 770 metres
open both to the northeast and southwest.
Discovered in 1931, underground exploration at Akebono was carried out between 1938 and 1940,
however, no production records were reported prior to government imposed gold mine closures in 1943.
In the 1960’s the underground workings were re -entered and sampled and several high-grade samples
were reported. Details of these historic assay results were published by the Metal Mining Agency of
Japan (MMAJ, 1990)1, high-grade intervals include 1.2 metres @ 446 g/t gold and 376 g/t silver and
0.65 metres @ 91.5 g/t gold and 4,891 g/t silver.
Reference
1 Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern
Hokkaido Area B – Metalliferous Deposits Overview.
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 17 separate projects. Thirty-two of the applications have already
been granted as Prospecting Rights. The applications cover areas with known gold occurrences and a
history of mining. T hirteen of the 17 projects are prospective for high -grade epithermal gold
mineralization. Four of the 17 projects were selected because of the identification of gold -bearing
lithocaps, which could indicate the presence of buried porphyry copper-gold mineralization. The
Company has been granted its first drilling permit and the drilling program has commenced at the
Ikutahara Project. 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
Japan Gold Contact
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: [email protected]
Qualified Person
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The scientific and technical disclosure in this news release has been reviewed and approved 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.
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 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 implement 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.