Business
Japan Gold Granted Prospecting Rights at its Kamitsue Project on the Island of Kyushu, Japan
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - Japan Gold Corp. (TSXV: J...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Granted Prospecting Rights at its Kamitsue Project on the Island of Kyushu, JapanVancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce that its twelve prospecting rights applications over the Kamitsue Project on the Island of Kyushu, Japan, have been converted to Prospecting Rights by the Japanese Ministry of Economy, Trade and Industry (METI).The Kamitsue Project is located within the Northern Kyushu Epithermal Gold Province on the highly gold endowed Island of Kyushu in southern Japan. The Kamitsue project covering an area of 4,069 hectares is located 10 kilometers southeast of the Taio mine, northern Kyushu's largest gold mine which produced approximately 1.2 million ounces of gold at an average grade of 6.3 g/t and operated between 1903-731,2, refer to Figure 1 which shows the Kamitsue project in relation to Kyushu's mineral provinces and major gold mines. The Kamitsue project is included in the recently announced 'binding letter agreement' with First Quantum Minerals Ltd. (FQML), to explore four of the Company's prospective lithocap projects, refer to the Company's news release dated 23rd October, 2018 for more information on this strategic alliance. During reconnaissance work in early 2018 the Company identified a large area of advanced argillic alteration adjacent to historically prospected gold bearing mesothermal-style quartz veins. The presence of an advanced-argillic lithocap represents exploration potential for porphyry copper-gold style mineralization. Company and FQML geologists are currently on the ground at Kamitsue undertaking geological mapping and sampling as part of this joint initiative.Granting of Prospecting Rights authorizes the Company to commence more advanced exploration methods including drilling.John Proust, Chairman and CEO of Japan Gold commented, \"All three of the Company's project applications in Kyushu have now been converted to prospecting rights, the strategic alliance with FQML will allow the company to quickly develop and drill porphyry targets at Kamitsue, while separately developing drill targets on its two Kyushu epithermal gold projects, Ohra-Takamine and Tobaru.\" On behalf of the Board of Japan Gold Corp.\"John Proust\"Chairman & CEOAbout Japan Gold Corp.Ja...