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Japan Gold Announces Combined Results of Phase 1 Drilling, Surface Sampling and Geophysical Programs at the Kitano-o Gold Prospect
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Japan Gold Corp. (TSXV:J...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Announces Combined Results of Phase 1 Drilling, Surface Sampling and Geophysical Programs at the Kitano-o Gold ProspectVancouver, British Columbia--(Newsfile Corp. - February 19, 2020) - Japan Gold Corp. (TSXV:JG) (OTCQB: JGLDF) (the \"Company\") announces results for the 2019 exploration program at the Kitano-o Gold Prospect (\"Kitano Prospect\"), including assays from six Phase 1 scout diamond drill holes, a controlled source audio-frequency magnetotellurics (CSAMT) geophysical survey, a detailed ground-gravity survey and extensive surface sampling (also see Company news release 7/29/2019). The Kitano-o Prospect, which includes the Kitano Mine, is located within a 7 by 4 kilometre gold district which hosts seven additional gold prospects (Figure 1). The Kitano-o Mine produced more than 96,000 ounces of gold at an average grade of 5.9 g/t Au1 primarily from shallow open-pits along a 3 kilometre alteration corridor, prior to the government-imposed closure in 1943. Conclusions from Phase 1 Drilling, Surface Sampling and GeophysicsThe surface geochemistry (Table 1), CSAMT and gravity geophysics collected over the Kitano-o Prospect, along with the Phase 1 drill hole data (Table 2), have refined Japan Gold's understanding of the geology of the Kitano-o hydrothermal system and give strong vectors to the eastern side of the prospect. It is now interpreted that the western part of the Kitano-o Prospect represents the 'lateral outflow' of a large epithermal system, developed at depth in the eastern part of the 3 kilometre long prospect (Figure 2). Phase 1 drill testing of the western side of the Kitano-o Prospect was completed in late December 2019 with 6 diamond drill holes, totalling 2,837 metres. Drilling targeted depth extensions of the western end of a well-defined vein-corridor exposed within extensive shallow open-pits and geophysical anomalies (Figure 3). Significant zones of quartz veining were intersected corresponding to those mapped at surface, however, the low tenor of gold reported from drill core assays does not adequately reflect the >96,000 ounces of gold mined from the exposed paleosurface sinter deposits in the open pits. John Proust, Chairman and Chief Executive Officer commented: \"The Phase 1 scout drilling at the Kitano-o Prospect has provided us with a clearer understanding of this large epithermal ...