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Japan Gold says new exploration results from Ohra-Takamine gold project "very encouraging"

Exploration at the gold project has defined several new anomalies on the property

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Ohra-Takamine lies in the highly prospective southern Kyushu gold district and hosts five historic gold mines

Japan Gold Corp (CVE:JG) (OTCQB:JGLDF) has released another round of positive results from exploration at its Ohra-Takamine gold project defining several new anomalies on the property.

Ohra-Takamine lies in the highly prospective southern Kyushu gold district and hosts five historic gold mines.

Over 11 million ounces of gold has been produced from the region to date.

READ: Japan Gold unveils extensive collaboration with giant Barrick Gold

Vancouver-based Japan Gold conducted a geophysical survey along a 4.2 kilometre (km) portion of the mine corridor to identify zones possibly related to epithermal vein systems. Results were “very encouraging,” according to the company, and defined a number of linear anomalies along the survey area.

The firm also collected gravity readings across an 8 km by 4 km area which, combined with data from the Geological Survey of Japan, defined doming across a structural zone that hosts the mine corridor.

Geophysical surveys completed to date are adding a “vital third dimension” to the epithermal targets at the Ohra-Takamine Project, the company told shareholders in its statement on Wednesday.

Gravity data collected by Japan Gold will undergo additional processing to provide more definition of the potential gold mineralization, according to the company. Additional structural information from gravity processing will help to refine new drill targets.

Japan Gold holds 30 gold projects in its portfolio covering areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. The explorer recently signed a country-wide alliance with Barrick Gold to jointly explore, develop and mine certain gold mineral properties and mining projects.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Price: 0.265 CAD

TSX-V:JG
Market: TSX-V
Market Cap: $40.91 m
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