Japan Gold Commences Drilling at the Saroma Prospect

Japan Gold Commences Drilling at the Saroma Prospect

 Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce the commencement of drilling at the Saroma prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan.

An initial four scout drill holes have been planned at the Saroma prospect to test a 1 km long section of the Saroma vein. Mapping around the shallow historical workings at Saroma has identified vein zones up to 7 m wide of fine-grained colloform-crustiform-ginguro banded quartz veins. Drilling will target the deeper extensions of these shallowly mined ore shoots for higher-grade mineralization.

John Proust, Chairman and CEO stated "It is great to be drilling another new target from our vast portfolio of properties covering the most prospective epithermal regions of Japan. I am very encouraged by the results our exploration teams are delivering to identify further drill targets which may lead to future discoveries."

Saroma Prospect

Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on epithermal veins that step along a northeast trending fault zone which extends for at least 3.5 km along the Saroma valley (Figure 1). Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19391. There are no production records from the Taiho and Chitose workings, however, records indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943 gold mining moratorium.

The Company's field observations at the Saroma prospect show vein structures up to 7 m wide discontinuously exposed along a 1.5 km long strike zone. Texturally, the veins exhibit typical low-temperature fine-grained colloform-crustiform-ginguro banded quartz-adularia textures indicating good preservation of the epithermal system. Quartz veins at Saroma are hosted in Cretaceous basement sediments which form an excellent brittle host rock for veining and the significant strike extent and preservation of the epithermal system supports deeper drill-targeting for high-grade mineralization below the shallowly developed workings.

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 info@japangold.com

For further information please contact:

John Proust
Chairman & CEO
Phone: +1 778-725-1482
Email: info@japangold.com
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.

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5665/134091_6dc87fb6743789c2_001.jpg
Figure 1: Saroma Project: simplified geology, historical mines and workings and 2022 scout drill program.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/134091_6dc87fb6743789c2_001full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134091

News Provided by Newsfile via QuoteMedia

JG:CA
The Conversation (0)
Japan Gold Announces Board and Management Changes

Japan Gold Announces Board and Management Changes

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") announces the retirement of Mr. Mitsuhiko Yamada as Board member and Representing Director and the appointment of Mr. Takashi Kuriyama to the Board of Directors.

It is with great respect and gratitude that we announce the retirement of Mr. Mitsuhiko Yamada from the Board of Directors of Japan Gold Corp. and as the Representing Director of Japan Gold KK, the Company's wholly owned operating subsidiary. Going forward, Mr. Yamada will join the Japan Gold Board of Advisors.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Japan Gold Intersects High-Grade Silver Mineralization at the Saroma Prospect

Japan Gold Intersects High-Grade Silver Mineralization at the Saroma Prospect

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce drilling at the Saroma prospect has encountered multiple intersections of high-grade silver with gold mineralization along a 1 km length of the Saroma vein. The Saroma vein forms part of a larger, 3.5 km long open-ended district-scale mineralized structure which hosts the Saroma, Chitose and Taiho historical workings, collectively called the Saroma prospect. Saroma is one of several prospects the Company is advancing within its 100% owned Ikutahara Project in Hokkaido, Japan.

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Japan Gold Provides an Update on the Barrick Alliance

Japan Gold Provides an Update on the Barrick Alliance

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to provide an update on work programs at Barrick Alliance projects in Kyushu and Hokkaido (Figure 1).

Following the announcement of Barrick's selection of six Japan Gold projects in early September, work programs immediately commenced on priority targets in Kyushu and Hokkaido (Figure 1). Refer to the Company's news release dated September 6, 2022, for more information on the Barrick Alliance selection of projects for advancement.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Japan Gold Provides an Update on Exploration Activities at the Ikutahara Project

Japan Gold Provides an Update on Exploration Activities at the Ikutahara Project

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

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Japan Gold Announces 2022 Annual General Meeting and Investors Webinar

Japan Gold Announces 2022 Annual General Meeting and Investors Webinar

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") will hold its Annual General Meeting ("AGM") virtually on Thursday, October 20, 2022 at 3:00 p.m. (PT) at https:meetnow.globalMXNMPNU. Following the formal portion of the AGM, Management will also discuss the Company's ongoing drilling progress and the selection of 6 projects by Barrick Gold Corporation. The discussion will be followed by a question and answer period.

Registered Shareholders and duly appointed proxyholders can attend the AGM online to participate, vote, or submit questions during the AGM's live webcast. In order to participate online, Registered Shareholders must have a valid 15-digit control number and proxyholders must have received an email from Computershare Trust Company of Canada OR Computershare Investor Services Inc. containing an Invite Code.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×