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Japan Gold intersects high-grade gold and silver in the first drill holes at its Ryuo Prospect on Hokkaido

Published: 08:58 14 Sep 2021 EDT

Japan Gold -
Japan Gold said initial drill holes at Ryuo have confirmed wide, high-grade vein mineralization is continuous below the historical workings closed in 1943

Japan Gold (TSX-V:JG) Corp has reported high-grade gold-silver intercepts from the first drill holes at the Ryuo Prospect, part of its Ikutahara project on the island of Hokkaido in Japan, which included 4.9 metres (m) of 12.1 grams per tonne (g/t) gold and 33.0 g/t silver from 60.6m depth.

The company noted the Ryuo Prospect hosts five areas of workings along a one kilometre (km) open ended trend of alteration and mineralization that were developed before the government-imposed closure in 1943. 

“The initial drill holes at Ryuo have confirmed wide, high-grade vein mineralization is continuous below the historical workings closed in 1943,” Japan Gold vice president of exploration Andrew Rowe said in a statement.  

READ: Japan Gold expands Togi project following high grade results from Barrick alliance work program

“The Ryuo prospect has never been drilled and these initial results provide strong encouragement to continue drilling at Ryuo, and the other similarly under-explored Ikutahara prospects,” Rowe added.

Japan Gold said drill hole IKDD21-001 targeted down-dip extensions of high-grade gold-silver mineralization historically mined at the Jinja Vein. Underground sampling carried out in the 1950s in the Jinja Vein workings revealed high-grade gold-silver mineralization, which included an average grade of 40.8 g/t gold and 193 g/t silver.

The company added that up to five additional drill holes are planned to be completed by the end of November at the Ryuo Prospect as further drilling will be required to test down-dip and southwest strike extensions of the Shouei Vein, which remain open.

Japan Gold 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. It 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.

The Ikutahara Project is 100% held by Japan Gold and is not included in the Barrick Alliance.

Contact Sean at sean@proactiveinvestors.com

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