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Japan Gold Expands the Barrick Alliance Gumyo Project in the Southern Kyushu Epithermal Gold Province
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2020) - Japan Gold Corp. (TSXV:...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Expands the Barrick Alliance Gumyo Project in the Southern Kyushu Epithermal Gold ProvinceVancouver, British Columbia--(Newsfile Corp. - September 14, 2020) - 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 10 new prospecting rights applications covering extensions to the Barrick Alliance, Gumyo Project in the Hokusatsu Region of the Southern Kyushu Epithermal Gold Province. Highlights:The Gumyo Project, part of the Barrick Alliance project portfolio, is located immediately west of Sumitomo Metal Mining's Hishikari Gold Mine which has produced 7.9 million ounces of gold at grades between 30-40 g/t5The ten new prospecting rights applications accepted by METI at Gumyo comprise 2,937 hectares and bring the Company's total coverage in the Hokusatsu Region to a total of 96,227 hectares (approximately 80% of prospective and explorable ground within the region)The Hokusatsu Region is Japan's largest gold producing area with low-sulphidation epithermal deposits recording a combined production of over 11 million ouncesThe Company's portfolio now comprises of 186,270 hectares of prospective ground across 5 of Japan's major epithermal gold provinces within the three main islands of Kyushu, Hokkaido and HonshuJohn Proust, Japan Gold Chairman and CEO, commented, \"Based upon new knowledge gained through the Barrick Alliance large regional evaluation programs, we continue to add newly identified prospective areas to the Japan Gold portfolio of projects.\"Gumyo ProjectThe Gumyo Project, part of the Barrick Alliance project portfolio, is located immediately west of Sumitomo Metal Mining's Hishikari Gold Mine which has produced 7.9 million ounces of gold at grades between 30-40 g/t5. The Gumyo Project area was initially selected to cover a major Bouguer gravity anomaly, as the relationship between Bouguer gravity highs and low-sulphidation epithermal gold deposits in the Hokusatsu Region is well documented. Epithermal vein deposits are generally located on the western margins of Bouguer gravity anomalies in the region and the new applications were added to better cover the western margins of this feature, refer to Figure 1. As part of the Barrick Alliance, the Gumyo project has already seen the first phase of the region...