Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ('Japan Gold' or the 'Company') is pleased to announce that Barrick Gold Corp. will focus solely
Vancouver, British Columbia-- - Japan Gold Corp. is pleased to announce that Barrick Gold Corp. will focus solely on Barrick Alliance exploration activities in Japan at the Togi, Hakuryu and Ebino Projects. These projects have advanced well during the summer months and preparations are underway for drilling programs to commence in September.
Deposits mined in the project area are divided into the Urugami deposits in the southwest and Hirochi deposits in the northeast, the latter now falling within the newly defined 'Akasaka target' area. Figure 1 provides a geological summary with work completed by the Barrick Alliance and historically.
Mapping completed by the Barrick Alliance in 2023 focussed on several vein prospects in the southern part of the project including the Hakuryu, Kokuryu, Yakiyama and Sekizen vein zones. The southern part of the Konomai vein corridor was the last area to be explored and developed by historical mining activity and historical records are few. Four single level adits were developed on the Hakuryu and Kokuryu group of veins with 7.8 ton of ore mined at 5.0 g/t gold and 43 g/t silver1,6.
Initial drill testing is planned for Q4 2024 upon receipt of necessary drill permits. A four-drill hole program of approximately 700 meters will test depth extensions of the Hakuryu No. 3 Vein.The Ebino Project is located within the Hokusatsu district of the Southern Kyushu Epithermal Gold Province. Hokusatsu is Japan's largest gold producing district with a recorded production of over 12 million ounces, including the world-class Hishikari Mine, which has produced 8.
4Garwin, S.G. et al. 2005. Tectonic setting, Geology, and gold and copper mineralization in the Cenozoic magmatic arcs of Southeast Asia and the West Pacific. Economic Geology 100th Anniversary Vol. pp 891-930 A Chain-of-Custody was established between the Company and receiving laboratory to ensure the integrity of the samples during transportation from site to the lab.
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