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Japan Gold Acquires New Gold Project in Central Honshu Further Expanding its Epithermal Gold Portfolio in Japan
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2019) - Japan Gold Corp. (TSXV: JG) (...
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[{"type":"text","content":"Japan Gold Acquires New Gold Project in Central Honshu Further Expanding its Epithermal Gold Portfolio in JapanVancouver, British Columbia--(Newsfile Corp. - July 18, 2019) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce acceptance by the Japanese Ministry of Energy, Trade and Industry (\"METI\") of fifteen (15) new prospecting applications covering 3,990 hectares of prospective ground on the Noto Peninsula region of Honshu Island. These applications cover a seven kilometre long zone of alteration and historic gold mining known as the Togi Goldfield.Highlights:Under-explored 3,990 hectare area of prospective groundSeven historic mine workings along a seven kilometre trend which produced 48,000 oz of gold between 1910-21, including 16,500 oz @ 14 g/t AuHistoric shallow workings not exceeding 120 metres below portal level John Proust, Chairman and CEO commented, \"The Togi Goldfield represents another highly prospective yet under-explored area in Japan. The scale of the alteration corridor, shallow workings along it, and evidence of preservation of the epithermal system from sinter exposures are very encouraging. Japan Gold looks forward to advancing the Togi Project along with the rest of its regionally diverse portfolio.\"Togi Project:Japan Gold's new Togi Project is located on the northern flank of a regional graben, hosted in early Miocene andesite volcanics and under-lain by a northeast trending gravity anomaly. A similarly oriented graben-gravity feature and Miocene host rocks are noted 160 kilometres along strike to the northeast on Sado Island, which hosted Japan's second largest gold mine, the Sado Mine which produced 2.5 million ounces of gold and 74 million ounces of silver2 until its closure in 1974 (Figure 1). The Company believes the area is underexplored and highly prospective for epithermal vein discoveries, akin to the Sado Mine.Togi Goldfield:Gold mineralisation was discovered in the Togi area in 1896 and historic records from the Togi Goldfield report seven separate areas of workings along the seven-kilometre trend which produced a combined 48,000 oz of gold and 180,000 oz of silver between 1910-21. Deposits mined in the project area are divided into the Hirochi deposits in the northeast and Urugami deposits in the southwest (Figure 2). The Mori vein from w...