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Japan Gold Announces Surface Sampling Results from Barrick Alliance - Mizobe Project Regional Program; 22 of 84 Rock Float Samples + 4g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Japan Gold Corp. (TSXV:...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Announces Surface Sampling Results from Barrick Alliance - Mizobe Project Regional Program; 22 of 84 Rock Float Samples + 4g/t GoldVancouver, British Columbia--(Newsfile Corp. - September 30, 2020) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (the \"Company\") is pleased to report encouraging geochemical and geophysical results from the Barrick Alliance regional work programs covering the Mizobe Project in the Southern Kyushu Epithermal Gold Province. Highlights:The Barrick Alliance regional programs, currently in progress, will cover all 29 projects (collectively approximately 1,600 square km) and include:Geochemistry - multielement geochemical stream sediment surveying, bulk leach extractable gold (BLEG) analysis and rock float sampling Geophysics - gravity surveysThe Mizobe Project has been covered by both geochemistry and geophysicsMizobe Project Results 84 rock float samples collected with 54 assaying gold greater than 0.5 g/t Au including 22 assaying greater than 4 g/t Au with a peak value of 18.9 g/t AuSeveral gravity-high features defined across the project coincide with at least four clusters of gold in rock float anomalies Gravity data has undergone additional processing for structure detection and has identified several favorably oriented northeast trending features associated with gravity-highsJapan Gold's VP Exploration, Andrew Rowe, commented, \"It's very encouraging to see evidence of a well preserved and potentially extensive gold-bearing epithermal system at this early stage of the Barrick Alliance regional programs. Similarities in structural setting to the nearby Hishikari gold mine highlight the Mizobe Project's prospectivity.\"Mizobe ProjectThe Mizobe Project, which includes the Mizobe and Mizobe 1st Extension, is located along the western edge of the Kagoshima Graben in the gold-fertile Hokusatsu Region, Japan's largest gold producing region, with more than 11 million ounces of combined production from low-sulphidation epithermal deposits2,3,4,5. The Mizobe Project covers 5,163.1 hectares and forms part of a larger contiguous project package covering 96,227 hectares or 80% of the prospective, explorable ground in the Hokusatsu Region (Figure 1). Historic mining activities were focused on antimony mineralization in the northeast at the Semari and Chuzono Mines, Figure 2. Antimony is an important p...