Japan Gold (TSX-V:JG) Corp has announced results from eight additional scout drill holes from the Ryuo Prospect at its Ikutahara project in Japan, which included 20 metres (m) of 6.3 grams per tonne (g/t) gold and 15.7 g/t silver from 74.1m, as well as 0.5m of 1,395 g/t gold from 254.2m.
The company said drilling has continued to encounter “high-grade” vein intersections along an 800m open-ended strike zone, following the success of three initial scout drill holes reported in September 2021.
“It is very promising that we are encountering significant grade and width of gold mineralization from the results of the 2021 drilling at the Ryuo Prospect,” Japan Gold CEO John Proust said in a statement.
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“This supports Japan Gold thesis that there is the potential to discover new high grade gold deposits in Japan,” Proust added.
Japan Gold noted that its 2022 drill program scheduled to start in March, with further drill results expected from the Ryuo, Saroma and East Kitano-o prospects in the coming months.
The Ryuo Prospect consists of five areas of workings: Jinja, Shouei, Taisei, Ryuei and Buryu, which were developed along a 1.2 kilometre long, open-ended trend of alteration and mineralization before the government-imposed closure in 1943.
The Ikutahara project in Hokkaido, which contains the Ryuo Prospect, is 100% held by Japan Gold and is not included in the Barrick Alliance.
Japan Gold is focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu.
It has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The company holds a portfolio of 31 gold projects, which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization.
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