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Japan Gold Further Expands Sanru Gold Project in Northern Hokkaido
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2020) -   Japan Gold Corp. (TSXV...
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[{"type":"text","content":"Japan Gold Further Expands Sanru Gold Project in Northern HokkaidoVancouver, British Columbia--(Newsfile Corp. - May 28, 2020) -  Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce acceptance of new prospecting rights applications covering extensions to its Sanru Epithermal-Gold Project by the Japanese Ministry of Economy, Trade and Industry (\"METI\"). The twenty-four new applications totalling 7,711 hectares cover prospective tertiary geology along the eastern side of the Company's Sanru Project, and Irving Resources Inc.'s Omu Project, located to the north (Figure 1). Highlights:The Sanru Project now comprises 31,822 hectares (318.22km2) and is one of the projects included in the Barrick Alliance to be covered by regional exploration programs in the next 12 monthsThe Sanru Project covers a total of five known mine workings that are inferred to be fault-controlled with potential to host similar mineralization as exploited in the Sanru Mine, the second largest historical gold producer in North Hokkaido (225,000 ounces of gold averaging 7.4 g/t and 1.4 million ounces of silver)John Proust, Chairman and CEO stated, \"This new acquisition continues our ongoing evaluation of the prospective geology in Japan. The decision to further extend the Sanru Project was based upon the favourable structural controls on mineralization, host rock geology and the proximity of the Omui mine close by to the north. We look forward to the Barrick Alliance evaluation of the Sanru Project over the coming months.\"Sanru ProjectIn the Kitami Region of Northern Hokkaido, rhyolite geology associated with epithermal-gold mineralization is localised along two major north-south trending grabens. Numerous gold mines hosted within these two grabens were developed in the region up to 1943 including the Konomai mine, Japan's third largest gold mine, which produced 2.35 million ounces of gold at an average grade of 6.4 g/t and 40 million ounces of silver prior to closure in 1974. The Kitami Region's second largest gold mine, the Sanru mine, is located at the southwest corner of the Company's Sanru project and produced more than 225,000 ounces of gold at an average grade of 7.4 g/t and over 1.4 million ounces of silver between 1925 and 19741 (Figure 1). Five historic gold workings are located within the Compa...