Japan Gold Corp - Chairman & CEO, John Proust
Chairman & CEO, John Proust
Source: Financial Post
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Japan Gold Corp. (JG) has received initial results from its drill program at the Ryuo Prospect, located within the Ikutahara Project in Japan
  • Highlights from the scout holes include 12.1 g/t gold over 4.9 metres, including 125.0 g/t gold over 0.25 metres
  • The company plans to complete up to five additional drill holes at the Ryuo Prospect by the end of November
  • Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan
  • Japan Gold Corp. (JG) is currently up 3.08 per cent, trading at $0.335 per share

Japan Gold Corp. (JG) has received initial results from its drill program at the Ryuo Prospect, located within the Ikutahara Project in Japan.

The Ryuo Prospect hosts five areas of workings along an open trend of alteration and mineralization.

Japan Gold drilled three scout holes totalling 828.3 metres between May and July 2021. Highlights from the scout holes include 12.1 g/t gold over 4.9 metres, including 125.0 g/t gold over 0.25 metres.

Andrew Rowe, Japan Gold’s VP of Exploration, commented on the results.

“The initial drill holes at Ryuo have confirmed wide, high-grade vein mineralization is continuous below the historical workings closed in 1943,” he said. “The Ryuo prospect has never been drilled and these initial results provide strong encouragement to continue drilling at Ryuo, and the other similarly under-explored Ikutahara prospects.”

On September 6, the company recommenced drilling to test the lateral strike extensions of the drill intercept at the Jinja Vein. A second drill rig is targeting a vertical anomaly that lies below the Taisei workings.

The company plans to complete up to five additional drill holes at the Ryuo Prospect by the end of November.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu.

The company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects.

The Ikutahara Project is wholly owned by Japan Gold and is not included in the Barrick Alliance.

Japan Gold Corp. (JG) is currently up 3.08 per cent, trading at $0.335 per share as of 9:47 am ET.

More From The Market Herald

" The nickel space is red hot and this explorer is heating up

When The Market Herald last caught up with Vancouver BC-based SKRR Exploration Inc. (TSXV:SKRR) and its “all-star management and board teams”
The Golddigger Property.

" Goliath (TSXV:GOT) finds large mineralization

B.C. exploration company Goliath Resources Limited (GOT) has shared a report on the Surebet discovery at its Golddigger Property.

" Osisko Development (TSXV:ODV) releases gold production totals

Osisko Development (ODV) released the latest production totals from a number of its projects Tuesday.
The Market Herald Video

" Granite Creek Copper (TSXV:GCX) discusses updated PEA

In 2017, Copper North Mining (CGX) commissioned JDS Energy & Mining to complete a Preliminary Economic Assessment (PEA) for the Carmacks Project.