Announcement Date: 2022-02-22
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Japan Gold Corp.
Project name: Ikutahara
Location: Japan
Commodities: Gold,Silver
Highlight: Drilling results incl. 20.0m @ 6.3g/t Au, 15.7g/t Ag from 74.05m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia–(Newsfile Corp. – February 22, 2022) – Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (“Japan Gold” or the “Company”) is pleased to announce results from eight additional scout drill holes at the Ryuo Prospect. Drilling has continued to encounter high-grade vein intersections along an 800 m open ended strike zone, following the success of three initial scout drill holes reported in September 2021 (see Japan Gold news release September 14, 2021). The Ikutahara Project in Hokkaido, which contains the Ryuo Prospect, is 100% held by Japan Gold and is not included in the Barrick Alliance (Figure 1). The Ryuo Prospect consists of five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943 (Figure 2). Historical underground sampling in the Jinja vein workings revealed high-grade gold-silver mineralization including ‘level 4’ of the workings, which was sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m. Figure 3 illustrates a long-section of the Jinja vein workings with the underground sampling reported by the Metal Mining Agency of Japan (MMAJ)
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