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Japan Gold Granted Prospecting Rights Over High Priority Targets at its Ikutahara Project, Japan
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - Japan Gold Corp. (TSXV: JG...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Granted Prospecting Rights Over High Priority Targets at its Ikutahara Project, JapanVancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce a further 15 applications have been converted to prospecting rights at its Ikutahara Project in Northern Hokkaido, Japan. The new prospecting rights cover high priority targets in the Kitano-o gold district and the Ryuo mine areas and allow for drill testing to commence in the 2019 field season. Of the 56 prospecting rights license applications over the Ikutahara Project 38 have now been converted to prospecting rights by the Japanese Ministry of Energy, Trade and Industry (\"METI\"). The conversion to prospecting rights is a key step in the permitting process and the Company can now submit detailed drilling proposals to METI for approval. Drilling proposals include substantial scout programs on high-priority targets including the Kitano-o and Ryuo gold workings and expects to be able to drill these targets in spring 2019. The Ikutahara ProjectThe 19,114 hectare Ikutahara Project covers at least 17 historic gold and mercury mines and workings, the 37 granted prospecting rights comprise a total of 11,422 hectares. The project lies along the same major geological structure which hosts the Konamai mine 20 kilometres to the northwest, which produced 2.35 Moz of gold at an average grade of 6.4 g/t Au1. Historic Kitano-o Gold DistrictThe historic Kitano-o gold district consists of four known historic eluvial and hard rock gold mines and workings; Kitano-o, Ikutahara, Showa and Sakinzawa over an approximate 6 kilometre by 2.5 kilometre area. Historic production from the Kitano-o mine (96,540 ounces at a grade of 5.9 g/t)2 was largely from rich residual surface gold deposits (gold-bearing eluvium). Lesser gold production is reported from selective hard rock mining of narrow sub-sinter quartz-adularia-clay veins and stockworks immediately below the silica-sinter horizon. High-grade production is also reported for the Ikutahara and Showa mines. The Company will target veins that may lie at depth beneath the extensive surface workings at Kitano-o. For more information on the Kitano-o district refer to Company news release dated May 7th, 2018: https://www.japangold.com/index.php/n...