Japan Gold: Seven Additional Drill Holes Completed at Ryuo Prospect, Drilling Commenced at Kitano-o Prospect
Japan Gold: Seven Additional Drill Holes
Completed at Ryuo Prospect, Drilling
Commenced at Kitano-o Prospect
Vancouver, British Columbia--(Newsfile Corp. - August 2, 2022) -
Japan Gold Corp. (TSXV: JG)
(OTCQB: JGLDF)
("
Japan Gold
" or the "
Company
") is pleased to announce completion of an
additional seven drill holes at the Ryuo prospect, and commencement of drilling at the Kitano-o prospect,
both prospects are located within the 100% owned Ikutahara Project in Hokkaido, Japan.
Seven additional drill holes were completed at Ryuo for a total of 2,888 m of diamond drill core between
April and June this year. Drilling was positioned to step-out at approximate 50 m intervals from high-
grade mineralization encountered in the 2021 drill program, and test continuity of mineralization along
strike and to depth (
Figure 1 & 2
). Samples from the 7 drill holes have been submitted to the ALS
laboratory in Vancouver for assay and results are expected to be released in September. For more
information on the 2021 drilling results at the Ryuo prospect refer to the Company's news release dated
22
nd
February 2022.
Drilling operations have now moved to the east side of the Kitano-o prospect where three 700 m deep
drill holes are planned. Drilling will target below combined geochemical and geophysical anomalies to
locate the deeper source of gold mined from the Kitano-o placer deposits. Surface programs previously
completed on the eastern side of the Kitano-o prospect show elevated gold and pathfinder element
geochemistry in soil and rock supported by CSAMT resistivity anomalies which lie proximal to the
intersection of major gravity inferred graben-bounding and transfer faults (
Figure 1
).
More than 96,000 ounces of gold were produced from the Kitano-o mine, prior to the government-
imposed closure in 1943
1
. Gold was mined along a 3 km long zone from clay-rich placer deposits
located immediately below the Kitano-o sinter.
2022 Ikutahara Project Surface Exploration Programs
Sampling of extensions to soil grids completed in 2021 at the Ryuo and at Kitano-o prospect has also
commenced (
Figure 1
). Extensions to the soil grid at Ryuo will aim to advance additional drill targets
both parallel and along strike of the known prospect area. At East Kitano-o, open-ended gold and
pathfinder element anomalies on the north side of the grid extend towards the flank of Maruyama rhyolite
dome. Dome margins are a prime site for epithermal vein deposits in the region. A good analogy of this
is seen at the Konomai mine located 20 km to the north of the Ikutahara project where 2.35 Moz of gold
were mined from a series of veins located within and along the margin of a rhyolite dome complex.
A 3
km southward extension of the Kitano-o soil grid will further define the strike potential of en echelon
veining at the historical Ikutahara and Showa mine workings. Sampling of historic mine dump material by
the Company on these shallowly developed workings gave gold grades up to 93.3 g/t Au, refer to the
Company's news release dated May 7, 2018.
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
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
or by
email at
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 and 2022 work program
locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/132559_d9e6514dc47ac809_001full.jpg
Figure 2
: Ryuo prospect alteration map with rock chip samples, 2021 drill holes, completed 2022 drill
holes and historic workings
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/132559_d9e6514dc47ac809_002full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/132559