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 completed an additional 7 drill holes at the Ryuo prospect and commenced the drilling at the Kitano-o prospect
  • The two prospects are located within the 100-per-cent-owned Ikutahara Project in Hokkaido, Japan
  • 7 additional drill holes were completed at Ryuo for a total of 2,888m of diamond drill core
  • The company has now moved drilling operations to the east side of the Kitano-o prospect where three 700m deep drill holes are planned
  • 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
  • Japan Gold Corp. was unchanged at C$0.24 as at 12:07 PM ET

Japan Gold Corp. (JG) has completed seven additional drill holes at the Ryuo Prospect and commenced drilling at the Kitano-o Prospect.

The two prospects are located within the 100-per-cent-owned Ikutahara Project in Hokkaido, Japan.

Seven additional drill holes were completed at Ryuo for 2,888 m of diamond drill core between April and June this year. Drilling was positioned to step-out at approximate 50m intervals from high-grade mineralization encountered in the 2021 drill program and test continuity of mineralization along strike and to depth.

Samples from the seven drill holes have been submitted to the ALS laboratory in Vancouver for assay and results are expected to be released in September.

The company has now moved drilling operations to the east side of the Kitano-o prospect where three 700m deep drill holes are planned.

Drilling will target below combined geochemical and geophysical anomalies to locate the deeper source of gold mined from the Kitano-o placer deposits.

Surface programs previously completed on the eastern side of the Kitano-o prospect show elevated gold and pathfinder element geochemistry in soil and rock supported by CSAMT resistivity anomalies which lie proximal to the intersection of major gravity inferred graben-bounding and transfer faults.

Sampling extensions to soil grids completed in 2021 at the Ryuo and Kitano-o prospect has also commenced. Extensions to the soil grid at Ryuo will aim to advance additional drill targets both parallel and along strike of the known prospect area.

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.

Japan Gold Corp. was unchanged at C$0.24 as at 12:07 PM ET.


More From The Market Herald

" Independence Gold (TSXV:IGO) announces $1.3 million financing

Independence Gold Corp. (IGO) has proposed equity financing for gross proceeds of up to $1,300,000.

" Golden Sky Minerals (TSXV:AUEN) releases results from Phase 2 program at its Rayfield Property

Golden Sky Minerals (AUEN) announced results from its Phase 2 2022 soil geochemical sampling program.

" Rackla Metals (TSX:RAK) announces $2M non-brokered private placement

Rackla Metals (RAK) announced a non-brokered private placement for proceeds of up to $2.0 million.

" Appia Rare Earths & Uranium (CSE:API) releases assay results from Alces Lake 2022 prospecting program

Appia Rare Earths & Uranium Corp. (API) has released assay results from its Alces Lake 2022 prospecting program.