Japan Gold Reports High-Grade Rock Samples and Commences Geophysical Exploration Programs over the Kitano-o Gold Prospect
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 Reports High-Grade Rock Samples and Commences Geophysical
Exploration Programs over the Kitano-o Gold Prospect
July 29, 2019 – Vancouver, BC – Japan Gold Corp. (TSX -V: JG) (“Japan Gold ” or the
“Company”) is pleased to report high-grade rock samples collected from historic mine dumps up to
60.8 g/t gold from the eastern side of the Kitano-o Gold Prospect. A prospect-scale gravity survey has
commenced and plans for CSAMT geophysical surveys to further refine drill targets within the Kitano-
o Gold District are well advanced. The Company announced commencement of Phase 1 scout drilling
on the western and central parts of the 3- kilometre-long mineralized Kitano- o prospect in its news
release of July 25, 2019.
The Kitano- o prospect is located within the Kitano- o Gold District, a 7 x 3 kilometre area which
incorporates six old mines and workings, Figure 1. In excess of 96,000 ounces of gold at a grade of 5.9
g/t1 was produced prior to the government-imposed moratorium and mine closure in 1943. Gold was
won largely from shallow open- pits in gold-bearing eluvium, and from selective hard- rock mining of
narrow sub-sinter quartz veins and stockworks. Subsequently, much of the in-situ high-level quartz vein
outcroppings across Kitano-o were mined to depths of 90 metres in underground workings.
The presence of outcropping sinter at Kitano -o prospect, implies the entire epithermal system is
preserved, the numerous mineralized veins and stockworks excavated directly under the sinter indicate
significant amounts of gold has leaked from boiling-zones at depth to the upper parts of the hot-spring
system. The target at the Kitano-o prospect are these boiling-zones where most of the gold precipitates
in epithermal systems and these generally occur from 150 metres to 250 metres beneath the paleo-water
table (sinter level), and downward towards the lower basement contact.
Rock Chip Results
Work to refine drill targets in the eastern part of the Kitano-o prospect has included detailed geological
mapping of the historic workings and the majority of samples were sourced from mine dumps and vein
sorting areas located around these workings. Samples of quartz vein dump, sub-crop and float material
were collected along an 800-metre east-west section of the east Kitano-o workings.
Of the 75 rock chips collected from east Kitano-o, 16 mine dump samples gave gold assay results greater
than ≥2.5 g/t with a peak assay of 60.8 g/t . Noteworthy results include:
Sample_No Sample
Type
Gold g/t Silver g/t Antimony
g/t
Ag:Au
Ratio
SAMJ10594 Mine Dump 60.8 89.6 51.7 1.5
SAMJ10598 Mine Dump 33.3 78.4 48.8 2.4
SAMJ12139 Mine Dump 23.2 8.6 35.7 0.4
SAMJ10616 Mine Dump 21.9 7.6 35.3 0.3
SAMJ10585 Mine Dump 20.0 40.8 44.9 2.0
SAMJ10592 Mine Dump 11.9 8.4 35.2 0.7
SAMJ10614 Mine Dump 9.9 11.2 142.1 1.1
SAMJ10621 Mine Dump 8.2 16.4 36.0 2.0
2
SAMJ10596 Mine Dump 8.1 14.2 47.5 1.7
SAMJ10597 Mine Dump 5.7 5.2 52.4 0.9
SAMJ10617 Mine Dump 4.8 2.1 30.3 0.4
SAMJ10588 Mine Dump 4.2 6.8 46.3 1.6
SAMJ10605 Mine Dump 4.0 79.1 143.4 19.8
SAMJ10589 Mine Dump 3.8 39.0 239.0 10.2
SAMJ10604 Mine Dump 2.5 32.2 103.7 12.8
Quartz vein samples show well -developed colloform -crustiform textures containing bands of
disseminated fine-grained black sulphide mineralization , termed ‘ginguro’. These veins were mined
from shallow underground workings located immediately below the sinter [refer to Figure 2 and Plates
1 to 9].
Also of note in these samples and across the 3 kilometre mineralized system at the Kitano-o prospect
are the low silver to gold (Au:Ag) ratios indicating the mineralizing event has a gold -bias relative to
silver.
Pathfinder elements such as antimony are typically deposited in the top of the epithermal hot -spring
systems and are well represented in miner alized sinter and sub -sinter samples collected at Kitano -o
[Figure 3 and Plates 10 to 14].
East Kitano-o lies proximal to the basement unconformity / inferred graben-margin and emphasizes the
possibility for unconformity-style vein targets akin to those at the Hishikari mine in Kyushu.
Results at east Kitano-o are consistent in tenor to samples previously collected at central and west
Kitano-o and the entire 3- kilometre long system remains untested for deeper ‘boiling zo ne’ targets.
Such targets are currently being drill tested at central and west Kitano-o.
Geophysics
The Company has commenced prospect-scale gravity surveying in order to better define the basement
architecture and how this relate s to plumbing or feeder structures of the epithermal vein system at
Kitano-o. If deemed useful, other prospects in the Kitano-o Gold District will also be surveyed.
To further refine drill targeting, prospect scale CSAMT geophysical surveys are planned to commence
in the near future at Kitano-o. Core samples taken from the current Phase 1 drilling at west and central
Kitano-o will be petro- physically analyzed to better calibrate the CSAMT survey results and vect or
ongoing drilling.
Sampling Methods
Rock results presented herewith in this news release and accompanying figures are from 1-5 kg selected
grab of outcrop, mine dump, sub-crop and float samples. The grab samples of float and dump material
reported in this announcement are believed to originate from the underlying bedrock . The Company
cautions that grab samples are selective by nature and may not be representative of typical
mineralization on the property. Sample preparation and assaying were done by Intertek Testing Services
(ITS), Muntinlupa City, Philippines. Gold was analyzed by 50 gram-charge Fire Assay and AAS finish.
48 m ultielement analysis including silver were done by four -acid digest and ICP -AES/MS
determination.
The laboratory inserts its own blank, standards & sub- split pulp duplicates for Quality Control and
reports these results accordingly. Results fall within acceptable levels of accuracy and precision.
For further information and photos of the samples, please visit www.japangold.com
3
Reference:
1 Garwin, Hall, Watanabe, (2005). Tectonic Setting, Geology, and Gold and Copper Mineralization in
Cenozoic Magmatic Arcs of Southeast Asia and the West Pacific. Economic Geology 100th Anniversary
Volume, pp. 891-930.
Quartz veins in Figures 2 & 3 referenced from: Bamba T. & Saito M., 1956. Geology and Gold-silver
Deposits of the Kitano-o and Several Other Mines, Ikutahara Gold Min ing District, Kitami Province,
Hokkaido. Geological Survey Institute Monthly Report Volume 10. No. 7.
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold's
President & Chief Operating Officer, Dr. M ike Andrews, PhD, 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 and copper -gold
exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company
holds a portfolio of 13 Gold Projects which cover areas with k nown gold occurrences, a history of
mining and are prospective for high-grade epithermal gold mineralization. The Company also holds a
portfolio of 5 Lithocap Projects 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 Contacts
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 2019 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, ge neral 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 law.
4
Figure 1: Ikutahara Gold Project, Kitano-o Gold District
5
Figure 2: Kitano-o Prospect: Gold in Rock Samples & Historic mine Workings on Simplified Geology
6
Figure 3: Kitano-o Prospect: Antimony in Rock Samples & Historic mine Workings on Simplified Geology
7
Plate 1: SAMJ10594. 60.8 g/t Gold, 89.6 g/t Silver, 52 g/t Antimony. Colloform-crustiform banded
quartz-adularia vein with blue-grey silver sulfosalt-rich 'Ginguro' bands. Sample sourced from mine
dump in east Kitano-o.
Plate 2: SAMJ10598. 33.3 g/t Gold, 78.4 g/t Silver, 49 g/t Antimony. Colloform banded chalcedony
vein with alternating crustiform bands of microcrystalline quartz. Greyish coloured vein fill contains
very fine dustings of sulphide. Sample sourced from mine dump in east Kitano-o.
8
Plate 3: SAMJ10616. 21.9 g/t Gold, 7.6 g/t Silver, 35 g/t Antimony. Quartz vein breccia mine dump
sample from east Kitano-o. Fine-grained sulphide assemblage around the breccia clasts has been
completely oxidised by surficial weathering.
Plate 4: SAMJ10592. 11.9 g/t Gold, 8.4 g/t Silver, 35 g/t Antimony. Crustiform-colloform banded
quartz-adularia vein mine dump sample from east Kitano-o.