Business
Japan Gold Drills 20 m @ 6.3 g/t Gold and 0.45 m @ 1,395 g/t Gold at Ryuo Prospect
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Japan Gold Corp. (TSXV: J...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Drills 20 m @ 6.3 g/t Gold and 0.45 m @ 1,395 g/t Gold at Ryuo ProspectVancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce results from eight additional scout drill holes at the Ryuo Prospect. Drilling has continued to encounter high-grade vein intersections along an 800 m open ended strike zone, following the success of three initial scout drill holes reported in September 2021 (see Japan Gold news release September 14, 2021). The Ikutahara Project in Hokkaido, which contains the Ryuo Prospect, is 100% held by Japan Gold and is not included in the Barrick Alliance (Figure 1).Highlights: Drill holes IKDD21-004 to IKDD21-011 all successfully intersected gold-mineralized vein structures including the following notable results (all intervals are down-hole lengths): IKDD21-010 at the Jinja vein established a significant increase in width and grade 40 m below the previously reported high-grade IKDD21-001 intersection with:20.00 m @ 6.3 g/t Au & 15.7 g/t Ag from 74.05 m(incl. 5.10 m @ 15.2 g/t Au & 13.1 g/t Ag from 79.75 m)(incl. 0.65 m @ 92.0 g/t Au & 64.3 g/t Ag from 82.85 m)(and 1.15 m @ 9.4 g/t Au & 19.3 g/t Ag from 90.65 m)IKDD21-008 and 007 located 500 m and 750 m, respectively, along strike of the Jinja vein intersected high-grade veins along the footwall of a silicified hydrothermal breccia-body interpreted to represent the upper levels of a deeper epithermal vein system, with:(IKDD21-008) 0.45 m @ 1,395 g/t Au & 768.0 g/t Ag from 254.15 m(IKDD21-007) 1.00 m @ 30.0 g/t Au & 284.0 g/t Ag from 233.30 mJohn Proust, Chairman & CEO commented, \"It is very promising that we are encountering significant grade and width of gold mineralization from the results of the 2021 drilling at the Ryuo Prospect. This supports Japan Gold's thesis that there is the potential to discover new high grade gold deposits in Japan. With our 2022 drill program scheduled to start in March, we look forward to updating our shareholders on further drill results from the Ryuo, Saroma and East Kitano-o prospects.\"Ryuo ProspectThe Ryuo Prospect consists of five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization...