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Japan Gold Granted Prospecting Rights at its Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province, Japan
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2018) - Japan Gold Corp. (TSXV: ...
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[{"type":"text","content":"Japan Gold Granted Prospecting Rights at its Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province, JapanVancouver, British Columbia--(Newsfile Corp. - September 12, 2018) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce that its five prospecting rights applications over the Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province, Japan, have been granted as full Prospecting Rights by the Japanese Ministry of Economy, Trade and Industry (METI).The Ohra-Takamine Project totals 1,681 hectares covering historic gold-silver mines in the highly gold endowed Hokusatsu-Kushikino mining district, in the Southern Kyushu Epithermal Gold Province.In excess of 10 million ounces of gold has been produced from high-grade epithermal deposits of 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 Ohkuchi mine with 714,000 ounces at 13.6 g/t Au2,3.Granting of Prospecting Rights authorizes the Company to commence more advanced exploration methods such as drilling. The Company is in the process of preparing a scout drilling program to test extensions to the historically mined veins and plans to undertake the program in 2019. The Project The Ohra-Takamine Project covers the historic Ohra, Takamine and Urushi mines which lie along a 3.5 km northeast trending structure, refer to Figure 2 which shows the License area, mine workings, the Metal Mining Agency of Japan (the \"MMAJ\") work and simplified geology. The project is located 7.5 km south of the historic Yamagano mine, Figure 1. Similar to all of the major gold mines in the Hokusatsu-Kushikino mining district, the Ohra-Takamine project is associated with a regional geophysical gravity-high inferred to indicate upward doming of the basement producing suitable fracture networks for fluid flow and quartz vein formation. Initially discovered in 1885 and mined periodically to 1943, the Ohra mine produced in the order of 27,000 ounces of gold at grades reported to average 11 to 12 g/t Au and 32g/t ...