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Barrick Alliance Acquires New Project in the Kitami Metallogenic Province of North Hokkaido
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Japan Gold Corp.  (TSXV:...
About this update from Japan Gold Corp
[{"type":"text","content":"Barrick Alliance Acquires New Project in the Kitami Metallogenic Province of North HokkaidoVancouver, British Columbia--(Newsfile Corp. - January 24, 2023) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the \"Company\") is pleased to announce acceptance by the Japanese Ministry of Economy, Trade and Industry (\"METI\") of 146 new prospecting rights applications which comprise 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, (Figure 1).The Kamimuri ProjectThe Kamimuri Project covers a series of conceptual regional-scale structural exploration targets 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 and hosts five known historical gold-silver mine workings including Kamimuri, Muri, and Taisei. A review of the district-scale aero-electromagnetic (AEM) survey completed by the Metal Mining Agency of Japan (MMAJ) in 1989, 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.Kamimuri and Muri Workings Gold mineralization at Kamimuri was initially recognised in the late 1930's. In early 1950's a 150 m long cross-cut was developed to locate the source of scattered quartz boulders at surface which graded up to 36 g/t Au and 1,400 g/t Ag1, the excavation successfully intersected a 1 m wide quartz vein but no further work was reported. At Muri, mineralization was discovered during forest road construction within a rhyolite intrusion. Sumitomo Metal Mining completed 13 trenches in the early 1950's confirming Au-Ag bearing zones up to 5 m wide along a 20 m exposure, rock outcrop samples were reported to up to 3.2 g/t Au and 8,993 g/t Ag1. Follow up mapping by the MMAJ of the AEM anomalies at Kamimuri confirmed the presence of a zoned alteration system with localised banded quartz float assaying up to 212 g/t Au and 567 g/t Ag1. Prospect-scale work was initiated inclu...