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Japan Gold Expands the Prospective Corridor at the Ohra-Takamine Project with the Acceptance of New Prospecting Rights Applications
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2018) - Japan Gold Corp. (TSXV: JG)...
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[{"type":"text","content":"Japan Gold Expands the Prospective Corridor at the Ohra-Takamine Project with the Acceptance of New Prospecting Rights ApplicationsVancouver, British Columbia--(Newsfile Corp. - October 24, 2018) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce that six additional prospecting rights applications at the Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province, Japan, have been accepted by the Japanese Ministry of Economy, Trade and Industry (METI).The six new applications total 2,024 hectares and add to the existing area of granted prospecting rights, (1,681 hectares) at the Ohra-Takamine Project. The project covers historic gold-silver mines in the highly gold endowed Hokusatsu-Kushikino mining district, in the Southern Kyushu Epithermal Gold Province. Refer to Figure 1 which shows the Companies projects in relation to the other major mines in the district.In excess of 10 million ounces of gold has been produced from high-grade epithermal deposits in this province, refer to Figure 1 which shows the northern portion of the district, project locations and significant mines. Notable producers within the district include: the Hishikari mine with 7.4 million ounces of gold produced to date at average grades of 30-40 g/t Au1; Kushikino mine, 1.8 million ounces at 6.7 g/t Au; Yamagano mine, 910,000 ounces at 17.4 g/t Au; and the Okuchi mine with 714,000 ounces at 13.6 g/t Au2,3.John Proust, Chairman and CEO of Japan Gold, commented, \"With these new applications the Ohra-Takamine project now covers a prospective 9km long corridor comprising historic mines, and coincident soil anomalism and clay alteration. Proximity to the world class Hishikari mine along with other major historic gold production in the District adds significantly to prospectivity of this project.\"During field investigations earlier in 2018, Company geologists noted clay alteration in areas of recessed topography along strike extensions to the Ohra, Takamine and Urushi historic mine corridor. These northeast and southwest extensions are supported by anomalous trace element geochemistry from previous government soil sampling and have limited drill testing. Contiguous applications were submitted to cover these extensions and include the historic Aira-Yamada mine 3 kilometres to the east of the Ohra mine...