logo-loader
viewJapan Gold

Japan Gold doubles its ground at Sanru project with new claims

The new claims lie immediately along strike of the region's second largest gold mine, the Sanru mine, which has produced 225,000 ounces of gold

Japan Gold -
The 40 new applications, which have been approved by the Japanese government, total 12,842 hectares

Japan Gold Corp (CVE:JG) told investors Monday it had doubled its footprint at the Sanru project on the island of Hokkaido with new claims.

The 40 new applications, which have been approved by the Japanese government, total 12,842 hectares and cover prospective geology between the Sanru project and Irving Resources Inc's (CNSX:IRV) Omu project, the firm said in a statement.

READ: Japan Gold acquires new land in historic gold producing region in the Pacific country

Japan Gold said its Sanru project now covers a 20 kilometre (km) by 16km under-explored area hosting five historic gold workings.

The area lies immediately along strike of the region's second largest gold mine -  the Sanru mine, which has produced 225,000 ounces of gold at an average grade of 7.4 grams per ton (g/t) and 1.4 million ounces silver.

The firm said that to advance the Sanru project, it planned to begin regional sediment and Bulk Leach Extractable Gold geochemical surveys, geological mapping and rock-chip sampling.

It will also follow up with groundwork on anomalies and an investigation of other recorded historic workings.

At Sanru, five historic gold workings lie within the boundary of the project, which are along strike of the same structure which hosts the mine and prospective parallel structures.

Regional stream sediment sampling was carried out by the geological division of the Japanese Ministry of International Trade and Industry in the late 1990's but no detailed follow-up mapping or drilling was undertaken on the anomalies identified.

Based on its research, Japan Gold believes no exploration programs have been carried out in the new applications area.

Japan Gold holds 18 projects across Japan's three largest islands - Hokkaido, Honshu and Kyushu.

These cover areas with known gold occurrences, have a history of mining, and are prospective for high-grade epithermal gold mineralization.

Shares in the firm in Toronto added 5.6% to $0.28 each.

---Updates share price---

Contact the author at [email protected]

Follow him on [email protected]

Quick facts: Japan Gold

Price: 0.22 CAD

TSX-V:JG
Market: TSX-V
Market Cap: $30.82 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Japan Gold named herein, including the promotion by the Company of Japan Gold in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Japan Gold Corp preparing to pick new partner for copper projects in Japan

Japan Gold Corp (CVE:JG-OTCQB:JGLDF)  Chairman and CEO John Proust sat down with Steve Darling from Proactive Investors Vancouver to talk about First Quantum Minerals stepping away from a partnership with Japan Gold on their copper projects as they focus their attention in other...

on 8/4/19

2 min read