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Be the first with the news that moves the market- Japan Gold (TSXV:JG) has released the results of a geochemical and geophysical surveys from its Ohra-Takamine project
- The company had identified five new gold exploration targets, which run parallel to the mineral corridor on the property
- The previously identified main zone runs between two historic mines, the Ohra-Takamine mine and the Urushi mine
- The company is now organising permits with the Japanese Ministry of Economy, Trade and Industry to begin scout drilling the targets
- Japan Gold (JG) is up 3.5 per cent and is trading at C$0.29 per share
Japan Gold (TSXV:JG) has released the results of a geochemical and geophysical surveys from its Ohra-Takamine project.
The Vancouver-based junior miner posted the results of an exploration program focused on the site’s soil sampling and rock chemistry.
The company used spectral analysis alongside geophysical gravity data from soil and rock geochemistry to determine five new exploration targets on the property.
All of these zones sit along the strike zone on the property. The zones also run parallel to the Ohra-Takamine Urushi Mine Corrdor, an area of gold mineralization linking two of the site’s past-producing mines.
The results reinforce a recent geophysics survey, conducted in the first quarter of this year.
The company also conducted a fairly thorough grid-based soil sampling program, analysing for gold and other pathfinder elements.
Thus far, this work has defined the length of strike on the site, up to 2.5 kilometres long, parallel to the already identified corridor between the Ohra and Urushi mines.
Chairman and CEO of Japan Gold, John Proust said the definition of these new exploration targets are highly encouraging and validate the company’s exploration methodology.
“These results further support our CSAMT defined geophysical targets. We will now rank all targets and advance the first phase of our scout drilling program,” he said.
Looking forward, the company is currently securing its permits from the Japanese Ministry of Economy, Trade and Industry to drill the newly identified targets. That said, the company has already received permits to drill the Ohra-Takamine project’s main zone.
Japan Gold (JG) is up 3.5 per cent and is trading at C$0.29 per share at 11:30 pm EDT.
