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Japan Gold awaiting lab results after first hole completed at Ohra-Takamine project

The two holes are situated along an open ended, 3.5km corridor of alteration and epithermal mineralization defined by the Ohra, Takamine and Urushi historic mines

Japan Gold -
Japan Gold is focused solely on gold exploration across the three largest islands of Japan — Hokkaido, Honshu and Kyushu

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) (FRA:2LD) updated investors on drilling at its Ohra-Takamine project, a site of previous production, on the island of Kyushu, where one hole has been completed and a second was started this month.

The two holes have been sited along an open ended, 3.5km corridor of alteration and epithermal mineralization defined by the Ohra, Takamine and Urushi historic mines, where mining was halted in 1943 by the government-imposed moratorium.

READ: Japan Gold bolsters board with experienced gold deposit discoverer

The first hole was sunk below the Urushi Mine workings and completed on November 10 at a depth of 602 metres (m), the company said.

An initial batch of samples from the upper part of the hole were dispatched in mid-October and the remaining samples have now been sent. Final lab results are not expected until early 2021.

The second hole received the required government approvals on November 25 to kick off drilling. This hole is targeting the down-dip continuation of the ore shoot mined at Ohra prior to 1943, and is expected to drill to a depth of around 550m.

As previously reported, historic production data shows high-grade mineralization at the Ohra and Urushi mines, including 21,000 ounces mined at grades greater than 20 grams per ton (g/t) gold at Ohra between 1915 and 1925, and also that the number 2 vein in the Urushi mine hosted a high-grade shoot that carried grades between 50 to 100 g/t of the precious metal.

Japan Gold is focused solely on gold exploration across the three largest islands of Japan — Hokkaido, Honshu and Kyushu

It also has a country-wide alliance with Barrick Gold Corp to jointly explore, develop and mine certain gold mineral properties and projects. This was formed in February this year and covers 28 out of the firm's 30 projects.

Contact the author at giles@proactiveinvestors.com

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Price: 0.365 CAD

TSX-V:JG
Market: TSX-V
Market Cap: $64.19 m
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