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Be the first with the news that moves the market- Japan Gold (JG) has launched a drill program at its Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province of Japan
- The program will consist of an initial two holes over roughly 950 metres, which will test below previously mined ore shoots
- Previous high-grade production in the region is reported at 21,000 ounces at grades in excess of 20 grams per tonne of gold
- The company is unable to utilise its own drill crews due to international border closures and has instead contracted the Ando Chisitsu Drilling Company
- Japan Gold (JG) is currently up 1.47 per cent and is trading at C$0.34 per share
Japan Gold (JG) has launched a drill program at its Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province of Japan.
Located 7.5 kilometres southwest of the past-producing Yamagano mine, the project covers 4,872 hectares and comprises a sequence of predominately Pleistocene aged volcanics underlain by Pliocene sediments and volcanic rocks.
The program will consist of an initial two drill holes over a total of approximately 950 metres, and will test below previously mined ore shoots of the historic Urushi, Takamine and Ohra mines, which were halted in 1943 by a government-imposed moratorium.
Historic production in the region pointed to the existence of high-grade mineralisation, with 21,000 ounces of gold mined between 1915 and 1925 at grades in excess of 20 grams per tonne of gold.
Work programs completed earlier this year demonstrate that the historically mined quartz vein mineralisation coincides with gold in soil anomalies, along with northeast and northwest structural intersection identified from processed gravity data.
Japan Gold noted that, due to ongoing international border closures, it is unable to utilise its own drillings crews and has instead contracted the Ando Chisitsu Drilling Company, which has substantial drilling experience in the area, including the epithermal vein deposits at the nearby Kushikino gold mine.
John Proust, Chairman and CEO of Japan Gold, said he is very pleased to begin the first of the company’s 2020 drilling programs.
“We have been very fortunate to identify and secure a Japanese drilling contractor with the capabilities to carry out our drilling program in the midst of the global pandemic,” he added.
Japan Gold (JG) is up 1.47 per cent and is trading at C$0.34 per share at 10:23am EDT.
