VANCOUVER – Japan Gold Corp. [JG-TSXV; JGLDF-OTCQB] reported results from eight additional scout drill holes at the Ryuo Prospect, Japan. Drilling continued to encounter high-grade vein intersections along an 800-metre open ended strike zone. The Ikutahara Project in Hokkaido, which contains the Ryuo Prospect, is 100% held by Japan Gold and is not included in the Barrick Alliance.
Highlights include drill holes IKDD21-004 to IKDD21-011 all successfully intersected gold-mineralized vein structures, including the following notable results.
IKDD21-010 at the Jinja vein established a significant increase in width and grade 40 metres below the previously reported high-grade IKDD21-001 intersection with 20.00 metres of 6.3 g/t gold and 15.7 g/t silver from 74.05 metres, including 5.10 metres of 15.2 g/t gold and 13.1 g/t silver from 79.75 metres), including 0.65 metres of 92.0 g/t gold and 64.3 g/t silver from 82.85 metres and 1.15 metres of 9.4 g/t gold and 19.3 g/t silver from 90.65 metres.
IKDD21-008 and 007 located 500 and 750 metres, respectively, along strike of the Jinja vein intersected high-grade veins along the footwall of a silicified hydrothermal breccia-body interpreted to represent the upper levels of a deeper epithermal vein system, with hole IKDD21-008 returning 0.45 metres of 1,395 g/t gold and 768.0 g/t silver from 254.15 metres. IKDD21-007 returned 1.00 metre of 30.0 g/t gold and 284.0 g/t silver from 233.30 metres.
John Proust, Chairman and CEO, commented, “It is very promising that we are encountering significant grade and width of gold mineralization from the results of the 2021 drilling at the Ryuo Prospect. This supports Japan Gold’s thesis that there is the potential to discover new high-grade gold deposits in Japan. With our 2022 drill program scheduled to start in March, we look forward to updating our shareholders on further drill results from the Ryuo, Saroma and East Kitano-o prospects.”
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. 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 metres strike length averaging 40.8 g/t gold and 193 g/t silver, with an average vein width approximately 0.5 metres
Drilling at the Ryuo Prospect resumed in September 2021, following the three previously reported 2021 scout drill holes. Additional drilling comprised step-outs from the Jinja vein high-grade intersection in drill hole IKDD21-001 of 4.90 metres of 12.1 g/t gold and 33.0 g/t silver, and along the 1.2-km corridor of historical workings and alteration that define the prospect. Three new drill holes at the Jinja vein were oriented to step-out approximately 50 metres, both laterally and down-dip from the high-grade intercept from IKDD21-001. IKDD21-010 intersected the Jinja vein 40 metres down-dip of the IKDD21-001 intersection, and gave a downhole mineralized interval of 20.0 metres of 6.3 g/t gold and 15.7 g/t silver which included a number of high-grade intervals, up to 140 g/t gold.
Drilling will resume in March to test and expand the deeper and lateral extensions of the Jinja vein shoot.
The Ryuei and Buryu vein targets are located between 500 and 800 metres southwest along strike of the mineralized structure hosting the Jinja vein. Historical workings exploited veins hosted in silicified hydrothermal breccias at Ryuei and Buryu, and drill holes IKDD21-008 and IKDD21-007 were located to test at depth below these workings.
IKDD21-008 was drilled from the same pad as IKDD21-003 at a steeper angle, targeting the depth extension and potentially better developed veins within the throat of the hydrothermal breccia. Immediately below the lower contact of the breccia a 0.45-metre wide quartz-sulphide vein gave an ultra-high-grade assay of 0.45 metres of 1,395.0 g/t gold and 768.0 g/t silver from 254.15 metres.
IKDD21-007, located a further 250 metres along strike to the southwest of IKDD-008 drilled the same silicified hydrothermal breccia body encountering numerous veinlets along its length with a peak result of 1.00-metre of 30.0 g/t gold and 284.0 g/t silver from 233.30 metres downhole.
IKDD21-009 targeted the Shouei vein workings to the east of the Jinja vein but failed to intersect any significant veining beneath the workings.
Drilling will resume at the Ryuo prospect in March. Soil samples collected in 2021 at Ryuo have provided new anomalous zones for follow up and the Ryuo soil grid will be expanded along anomalous extensions.
Japan Gold is focused on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The company has a country-wide alliance with Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] to jointly explore, develop and mine certain gold mineral properties and mining projects.