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Japan Gold Granted Prospecting Rights at its Tobaru Project in the Southern Kyushu Epithermal Gold Province, Japan
Vancouver, British Columbia--(Newsfile Corp. - October 2, 2018) - Japan Gold Corp. (TSXV: JG) ...
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[{"type":"text","content":"Japan Gold Granted Prospecting Rights at its Tobaru Project in the Southern Kyushu Epithermal Gold Province, JapanVancouver, British Columbia--(Newsfile Corp. - October 2, 2018) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (“Japan Gold” or the “Company”) is pleased to announce that its four prospecting rights applications over the Tobaru Project in the Southern Kyushu Epithermal Gold Province, Japan, have been converted to Prospecting Rights by the Japanese Ministry of Economy, Trade and Industry (METI). The Tobaru Project totals 1,347 hectares covering a large alteration zone adjacent and along strike to the Fuke epithermal gold mine (106,000 ounces gold produced2) 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 including drilling.The ProjectThe Tobaru Project is located in the northern part of the Hokusatsu-Kushikino mining district. Significant gold producers nearby include the Fuke and Okuchi mines located respectively 0.5 and 4 kilometers west and south of the project, Figure 1. No historic production is recorded at Tobaru but the project applications enclose a large area of alteration hosted in andesite volcanics. A zoned area of alteration mapped by the Company extends over a 2,000 by 1,000 meter area and is characterized by residual or vuggy quartz in four elliptical zones up to 300 x 150 meters in diameter, enclosed by ammonium clay minerals and illite, localised advanced argillic alteration assemblages, and networks of quartz – iron oxide stockwork veinlets, refer to Figure 2 which shows the Tobaru project simplified geology and alteration in relation to the Fuke mine veins.First pass sampling work by the ...