Japan Gold (TSX-V:JG) Corp said the Japanese Ministry of Economy, Trade and Industry has accepted 13 new prospecting rights applications covering 3,972 hectares between its Barrick Alliance Aibetsu and Tenryu projects, in north Hokkaido.
The acceptance by the Ministry gives the Barrick Alliance priority to advance the expanded Aibetsu district, the site of numerous prospective gold anomalies.
At Aibetsu, stream-sediment samples analysed for gold and pathfinder elements were systematically collected over the last two years as part of the larger regional screening program conducted across the Barrick Alliance projects, the company said in a statement.
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After reviewing the data, the company identified multiple, strong gold and pathfinder element basin anomalies across the Aibetsu and Tenryu project areas, it added.
Anomalous basins include those draining areas of known gold and mercury workings on the west side of Aibetsu and at Tenryu, while strong and contiguous basin anomalies defining a significantly larger area have now been identified both within and outside of the current project boundaries on the east side of the Aibetsu and Tenryu projects.
The historic Aibetsu Goldfield includes four known hard rock and eluvial gold and mercury workings, including the Tokusei gold mine, Kinzan gold operation, Motoyama and Yamamezawa mercury workings.
Tokusei gold mine produced 38,000 ounces of gold and 474,000 ounces of silver from underground development between 1930 and 1943.
Japan Gold (TSX-V:JG) said it has identified “extensive areas” of anomalous gold and pathfinder elements in soil sampling which highlight the prospectivity of strike extensions at the Tokusei mine.
Japan Gold (TSX-V:JG) is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The company has a country-wide alliance with Barrick Gold to jointly explore, develop and mine certain gold mineral properties and mining projects.
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