Business
The Japan Gold - Barrick Alliance Encounters Wide Intervals of Gold Mineralization in Its Initial Drill Program at the Mizobe Project
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2023) - Japan Gold Corp. (TSXV: JG) (O...
About this update from Japan Gold Corp
[{"type":"text","content":"The Japan Gold - Barrick Alliance Encounters Wide Intervals of Gold Mineralization in Its Initial Drill Program at the Mizobe ProjectVancouver, British Columbia--(Newsfile Corp. - June 28, 2023) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (\"Japan Gold\" or the \"Company\") is pleased to announce results of its initial 'framework' drilling program at the Barrick Alliance Mizobe Project in Southern Kyushu, Japan. Drilling has encountered wide, and locally high-grade intervals in the initial, broad spaced framework drill program. Highlights: Drill holes MZDD23-001, 002, and 003 successfully intersected gold mineralized intervals including the following notable results (all intervals are down-hole lengths), (Figures 1-4, Table 1 & 2):MZDD23-00310.0 m @ 4.3 g/t Au & 6.6 g/t Ag from 122.75 m   (incl. 4.0 m @ 6.2 g/t Au & 10.2 g/t Ag) &14.1 m @ 1.0 g/t Au & 4.8 g/t Ag from 176.95 mMZDD23-0026.1 m @ 1.4 g/t Au & 7.5 g/t Ag from 126.7 m   (incl. 2.6 m @ 2.2 g/t Au & 10.6 g/t Ag)Mizobe ProjectThe Mizobe project is located within the Hokusatsu Region of Southern Kyushu, Japan's largest gold producing district, with more than 11 million ounces of combined production from low-sulphidation epithermal deposits1-5.Within the Mizobe Project, historical mining activities focused on antimony-rich hydrothermal breccias at the Semari and Nakazon workings, prior to 1942. In 2000, the Metal Mining Agency of Japan (\"MMAJ\") drill hole 12MAHT-2 was drilled 1 km to the southeast of the historical antimony workings, targeting a geophysical anomaly, the drill hole intersected a down-hole mineralized interval of 43.35 m @ 0.9 g/t gold, with an included interval of 20.3 m @ 1.2 g/t gold5, (Figure 1). No further drilling was completed around this mineralized intersection. Sampling by the Alliance of discontinuous outcrop and quartz-vein / breccia float across a 2 by 2.5 km area showed strong anomalism with channel samples including 24.7 m grading 1.0 g/t gold, and river float samples up to 18.9 g/t gold, (Figure 1). The extent of gold and antimony anomalism was seen as highly encouraging considering much of the target area is concealed by a veneer of post-mineral volcanic ash. Drilling ResultsThe three initial, widely spaced frame-work drill holes at Mizobe targeted interpreted structural extensions below pos...