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Japan Gold updates on its current exploration on Hokkaido and Kyushu islands

The firm holds a portfolio of 24 gold projects spanning the three largest islands of Japan - Hokkaido, Honshu and Kyushu

Japan Gold -
The company's assets cover areas where there are known gold occurrences, a history of mining, and are prospective for high-grade epithermal gold

Japan Gold Corp (CVE:JG) updated on ongoing exploration on the islands of Hokkaido and Kyushu, saying it expects more drilling on the former, in the first half of next year. 

The firm holds a portfolio of 24 gold projects spanning the three largest islands of Japan - Hokkaido, Honshu and Kyushu. 

Its assets cover areas where there are known gold occurrences, a history of mining, and are prospective for high-grade epithermal gold. 

READ: Japan Gold appoints former Sumitomo executive Takashi Kuriyama as senior officer

At the Ikutahara project on Hokkaido, a phase 1, six hole drill program kicked off in July and so far the firm has competed three holes at the Kitano-o prospect, which has delineated a series of major structures including the graben margin on the eastern edge, while several major east-west and northeast oriented gravity gradients are indicated.

Detailed surveys, including controlled source audio-magnetotellurics (CSAMT) have also been completed, which has further refined drill targets, said the company.

In addition, four additional prospects at the project are being advanced. Namely, the Toge, Asada and Sakinzawa prospects, which lie in the northern part of the Kitano-o gold district and the Ryuo prospect, which is in the northwest.

Ryuo is due to be drilled in the first half of 2020 - a program which will use the new data to refine drill targets, noted Japan.

Meanwhile, at the Ohra-Takamine project in the Southern Kyushu epithermal gold province, drilling kicked off in late June. The first hole was completed and the second put on standby as the firm moved crews to Hokkaido.

New plan for 2020

In early 2020, the group now plans to complete a detailed soil sample grid along with prospect scale gravity and CSAMT over the 3.5 km corridor which hosts the historic Ohra, Takamine and Urushi gold mines in a bid to refine drill targets and then recommence.

Japan Gold told investors it plans to release results on the two drill programs (at Ikutahara and at Ohra-Takamine) at the end of each drilling phase when final assays and a thorough understanding of the program phase has been completed.

Contact the author at [email protected]

Quick facts: Japan Gold

Price: 0.255 CAD

TSX-V:JG
Market: TSX-V
Market Cap: $35.73 m
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Full interview: Japan Gold announces results of Phase 1 drilling program at...

Japan Gold (CVE:JG-OTCQB: JGLDF) Chairman and CEO John Proust sat down with Steve Darling from Proactive Vancouver with news the company has announced results from their first drill holes on the  Kitano-o Prospect. This was the first time it has been drilled since it was shut down by the...

on 02/19/2020

2 min read