- Japan Gold (JG) announced the acceptance by the Japanese Ministry of Economy, Trade and Industry of 146 new prospecting rights applications
- The application includes the Kamimuri Project, which covers an extensive 47,984 hectares of prospective ground
- Japan Gold is a Canadian mineral exploration company engaging in gold and copper-gold exploration in Japan
- Japan Gold Corp. (JG) is down 1.82 per cent, trading at C$0.27 per share at 2:25 pm ET
Japan Gold (JG) announced the acceptance by the Japanese Ministry of Economy, Trade and Industry of 146 new prospecting rights applications.
The application included the Kamimuri Project. The Kamimuri Project covers an extensive 47,984 hectares of prospective ground adjoining the west side of the Barrick Alliance Hakuryu Project and Japan Gold’s Ikutahara and Kanehana Projects.
The project covers a series of conceptual regional-scale structural exploration targets. It was initially proposed by the Barrick technical group and further advanced by the Alliance team. The project area comprises a Miocene-Pliocene-aged half-graben structure developed west of the main Monbetsu-Rubeshibe graben. It hosts five known historical gold-silver mine workings, including Kamimuri, Muri, and Taisei.
The Metal Mining Agency of Japan conducted a district-scale aero-electromagnetic (AEM) survey in 1989. It identified multiple large-scale, up to 5 by 5 km coincident resistivity and magnetic-depletion anomalies associated with major structural intersections. These combined features are indicative of significant hydrothermal alteration systems and include those at the Kamimuri, Muri and Taisei workings.
The scale of the AEM-defined anomalies and their proximity to major structural intersections merits further investigation. This is based on the known gold endowment and the under-explored nature of the province. Initial visits by the Barrick Alliance team in 2022 confirmed alteration associated with the AEM-derived anomalies at the Kamimuri, Muri and Taisei workings.
A BLEG sampling program followed by reconnaissance mapping is planned for the second quarter of 2023. This will further evaluate the scale of the alteration system and the potential for mineralization in the Kamimuri area initially.
Having been added to the Barrick Alliance following its formation, the Kamimuri Project will continue under the Initial Evaluation Phase in accordance with the terms of the Alliance Agreement.
Japan Gold is a Canadian mineral exploration company engaging in gold and copper-gold exploration in Japan. The company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects.
Japan Gold Corp. (JG) is down 1.82 per cent, trading at C$0.27 per share at 2:25 pm ET.
