Initial Drill Program at the Barrick Alliance Togi Project Confirms Gold Bearing System with Significant Strike Potential
Japan Gold Corp. (JGLDF) has reported results from its initial drill program at the Barrick Alliance Togi Project in Japan. The program confirmed extensions of a concealed low-sulfidation gold system at the Akasaka target, extending 1 kilometer from known workings with an additional 2 kilometers of strike potential.
Two drill holes were completed in November 2024, targeting extensions of the Mori vein, which historically produced 16,500 oz of gold at 14 g/t Au. The holes, located 700 metres along strike and spaced 350 metres apart, intersected parallel alteration zones with gold-anomalous veins. Significant intercepts included values up to 0.3 ppm Au and 3.5 ppm Ag.
The Togi Project covers 3,990 hectares of the historic Togi Goldfield, which produced 48,000 oz of gold and 180,000 oz of silver between 1910-21. The program was fully funded by Barrick Gold through its alliance with Japan Gold.
Japan Gold Corp. (JGLDF) ha riportato i risultati del suo programma di perforazione iniziale presso il progetto Barrick Alliance Togi in Giappone. Il programma ha confermato estensioni di un sistema aurifero a bassa solfidazione nascosto nel target Akasaka, estendendosi per 1 chilometro dai lavori noti con un potenziale di estensione aggiuntivo di 2 chilometri.
Due perforazioni sono state completate nel novembre 2024, mirate alle estensioni del filone Mori, che storicamente ha prodotto 16.500 once d'oro a 14 g/t Au. I fori, situati a 700 metri lungo la direzione e distanziati di 350 metri l'uno dall'altro, hanno intersecato zone di alterazione parallele con filoni anomali di oro. Gli intercetti significativi includevano valori fino a 0,3 ppm Au e 3,5 ppm Ag.
Il progetto Togi copre 3.990 ettari del storico Togi Goldfield, che ha prodotto 48.000 once d'oro e 180.000 once d'argento tra il 1910 e il 1921. Il programma è stato interamente finanziato da Barrick Gold attraverso la sua alleanza con Japan Gold.
Japan Gold Corp. (JGLDF) ha reportado resultados de su programa de perforación inicial en el Proyecto Barrick Alliance Togi en Japón. El programa confirmó extensiones de un sistema de oro de baja sulfidación oculto en el objetivo Akasaka, extendiéndose 1 kilómetro desde las labores conocidas con un potencial adicional de 2 kilómetros.
Se completaron dos perforaciones en noviembre de 2024, dirigidas a las extensiones del filón Mori, que históricamente produjo 16,500 oz de oro a 14 g/t Au. Los agujeros, ubicados a 700 metros a lo largo del strike y espaciados 350 metros entre sí, intersectaron zonas de alteración paralelas con filones anómalos de oro. Los interceptos significativos incluyeron valores de hasta 0.3 ppm Au y 3.5 ppm Ag.
El Proyecto Togi cubre 3,990 hectáreas del histórico Togi Goldfield, que produjo 48,000 oz de oro y 180,000 oz de plata entre 1910 y 1921. El programa fue completamente financiado por Barrick Gold a través de su alianza con Japan Gold.
Japan Gold Corp. (JGLDF)는 일본의 Barrick Alliance Togi 프로젝트에서 초기 시추 프로그램의 결과를 보고했습니다. 이 프로그램은 Akasaka 타겟에서 숨겨진 저황화 금 시스템의 확장을 확인하였으며, 이는 잘 알려진 작업으로부터 1킬로미터, 추가적으로 2킬로미터의 확장 잠재력을 가지고 있습니다.
2024년 11월에 두 개의 시추 구멍이 완료되었으며, 이는 역사적으로 16,500 온스의 금을 14 g/t Au로 생산한 Mori vein의 확장을 목표로 하고 있습니다. 이 구멍들은 스트라이크 방향으로 700미터 떨어져 있으며, 350미터 간격으로 위치하여 금이 함유된 평행 증류 구역을 가로지르고 있습니다. 주요 인터셉트에는 최대 0.3 ppm Au 및 3.5 ppm Ag와 같은 값이 포함되어 있습니다.
Togi 프로젝트는 1910년부터 1921년 사이에 48,000 온스의 금과 180,000 온스의 은을 생산한 역사적인 Togi Goldfield의 3,990 헥타르를 포함하고 있습니다. 이 프로그램은 일본 금과의 제휴를 통해 Barrick Gold에 의해 완전히 자금 지원을 받았습니다.
Japan Gold Corp. (JGLDF) a rapporté les résultats de son programme de forage initial au projet Barrick Alliance Togi au Japon. Le programme a confirmé des extensions d'un système aurifère à faible sulfidation dissimulé au niveau de la cible Akasaka, s'étendant sur 1 kilomètre à partir des travaux connus avec un potentiel d'extension supplémentaire de 2 kilomètres.
Deux trous de forage ont été complétés en novembre 2024, ciblant les extensions de la veine Mori, qui a historiquement produit 16 500 oz d'or à 14 g/t Au. Les trous, situés à 700 mètres le long du filon et espacés de 350 mètres, ont intercepté des zones d'altération parallèles avec des veines anomales en or. Les intersections significatives comprenaient des valeurs allant jusqu'à 0,3 ppm Au et 3,5 ppm Ag.
Le projet Togi couvre 3 990 hectares du champ aurifère historique de Togi, qui a produit 48 000 oz d'or et 180 000 oz d'argent entre 1910 et 1921. Le programme a été entièrement financé par Barrick Gold grâce à son alliance avec Japan Gold.
Japan Gold Corp. (JGLDF) hat Ergebnisse aus seinem ersten Bohrprogramm im Barrick Alliance Togi Projekt in Japan veröffentlicht. Das Programm bestätigte Erweiterungen eines verborgenen, niedersulfidischen Goldsystems am Akasaka-Ziel und erstreckt sich 1 Kilometer von den bekannten Arbeiten mit einem zusätzlichen Potenzial von 2 Kilometern.
Im November 2024 wurden zwei Bohrungen durchgeführt, die auf die Erweiterungen des Mori-Veins abzielten, der historisch 16.500 Unzen Gold bei 14 g/t Au produzierte. Die Löcher, die 700 Meter entlang des Strikes und 350 Meter voneinander entfernt lagen, durchdrangen parallele Veralterungszonen mit gold-anomalen Adern. Bedeutende Durchörterungen beinhalteten Werte von bis zu 0,3 ppm Au und 3,5 ppm Ag.
Das Togi Projekt umfasst 3.990 Hektar des historischen Togi Goldfeldes, das zwischen 1910 und 1921 48.000 Unzen Gold und 180.000 Unzen Silber produzierte. Das Programm wurde vollständig von Barrick Gold durch seine Allianz mit Japan Gold finanziert.
- Historical production of 48,000 oz gold and 180,000 oz silver from the Togi Goldfield
- Confirmation of gold system extensions with 3-kilometer strike potential
- Program fully funded by Barrick Gold
- gold grades in current drilling (maximum 0.3 ppm Au)
- Significant depth of overburden (up to 140 metres) concealing target zones
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2025) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to report the results of the initial drill program at the Barrick Alliance Togi Project located on the Noto Peninsula, Honshu Island, Japan.
Drilling at the Togi Project - Akasaka target has increased confidence in extensions to a concealed and well-preserved low-sulfidation gold system, extending a kilometer from known workings and with strike potential of an additional 2 kilometers.
"The Togi drill program has provided encouragement to the proposed exploration model at Akasaka of a concealed epithermal system extending along strike of the Mori vein workings. A syn to post-mineral basin, formed along the flanks of the Mori fault, hosts mineralized quartz vein clasts and anomalous gold in BLEG drainages along a 3-kilometer strike corridor. It is inferred that movement on the Mori fault has buried segments of the epithermal system during its formation providing potential for concealment and preservation of an epithermal system with significant scale," commented Mr. Andrew Rowe, Exploration Manager for the Barrick Alliance.
An initial two drill holes were completed at the Akasaka target in November 2024 targeting concealed strike extensions of the Mori vein where historical workings produced 16,500 oz of gold at an average grade of 14 g/t Au. The two drill holes located 700 metres along strike of the Mori workings and spaced 350 metres apart targeted vein extensions below concentrations of sinter scree, and quartz vein boulders and cobbles hosting gold grades up to 79.7 g/t gold, refer to Figure 1.
Drilling intersected parallel alteration zones representing inferred structural extensions of the Mori fault and Mori vein hanging-wall structures concealed by up to 140 metres of syn to post mineralization andesite and conglomerate. Alteration intersected hosts low-temperature clay assemblages and spaced narrow opaline to chalcedonic-carbonate-sulphide veins anomalous in pathfinder elements including gold. The Mori Fault zone intersected in the lower sections of both drill holes is also anomalous in gold, hosting breccia clasts of quartz-carbonate vein indicating the fault was actively moving during mineralization providing the potential for dynamic boiling levels and faulting, refer to Figure 2 and Tables 1 and 2.
The Togi drill program was fully funded by Barrick Gold Corporation through its alliance with Japan Gold. A joint Japan Gold/Barrick technical committee oversees the work programs. Advancement of the Togi project will be prioritized based on results of drill programs scheduled to commence at the Hakuryu and Ebino projects in April this year.
The Togi project
The Togi Project comprises an area of 3,990 hectares and covers the historic Togi Goldfield which includes the Urugami and Hirochi areas of workings. Gold mineralization was discovered in the Togi area in 1896, seven separate areas of workings along a 7 km trend produced a combined 48,000 oz of gold and 180,000 oz of silver between 1910-21. The Mori vein from the Hirochi group at the northeast end of the corridor was reported to be up to 4 m wide with production grades averaging 14 g/t gold. Records show mineralization in lower mine levels appear open to depth with average grades of 8.12 g/t gold and 56.9 g/t silver1. Gold and silver mineralisation from the Urugami veins in the southwest of the corridor are hosted in stockwork vein and breccia zones. Mapped Sinter and the narrower stock-work style of quartz vein mineralization at Urugami indicate the top of a hot-spring epithermal system is preserved, supporting the potential for deeper boiling-zone vein targets in this area.
Table 1: Significant Mineralized Intercepts
| Drill Hole ID | From (m) | To (m) | Length (m) | Au (ppm) | Ag (ppm) |
| TGDD-24-001 | 325.80 | 326.30 | 0.50 | 0.2 | 0.8 |
| TGDD-24-001 | 327.80 | 328.30 | 0.50 | 0.3 | 2.0 |
| TGDD-24-001 | 348.50 | 349.15 | 0.65 | 0.2 | 0.7 |
| TGDD-24-002 | 537.30 | 538.30 | 1.00 | 0.3 | 1.6 |
| TGDD-24-002 | 542.10 | 542.60 | 0.50 | 0.2 | 1.2 |
| TGDD-24-002 | 543.35 | 543.85 | 0.50 | 0.3 | 3.5 |
Table 2: Drill Hole Data
| Drill Hole Number | Location | Easting | Northing | RL (m) | Azimuth ° | Dip° | Length (m) |
| TGDD24-001 | Akasaka | 658394.0 | 4112638.0 | 197.2 | 330 | 45 | 403.5 |
| TGDD24-002 | Akasaka | 658368.0 | 4112431.0 | 224.1 | 295 | 45 | 564.7 |
References
1 Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan.
Figure 1: Togi Project, simplified geological map of the Akasaka target area within the Togi Goldfield with drill hole summaries, rock geochemistry and >10 ppb BLEG footprint.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/239379_43c532bce46b88db_002full.jpg
Figure 2: Drill hole sections for TGDD-001 and 002 with interpreted geology and significant intercepts.
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https://images.newsfilecorp.com/files/5665/239379_43c532bce46b88db_004full.jpg
Sampling Techniques and Assaying
The drilling results discussed in this news release are from drill core samples obtained by PQ, HQ and NQ-size triple-tube diamond core drilling using a PMC-700 drill rig owned and operated by the Company. The drilling program was fully supervised by Company senior geologists at the drilling site.
The drill core was collected in plastic core trays at the drill site and transported by road in Company vehicles to its core handling facility in the nearby Togi Village, near the project area. The drill core was carefully logged, photographed and sample intervals were marked up along predicted mineralized and unmineralized intervals along the entirety of the drill holes by Japan Gold senior project geologists.
Sample lengths varied from 0.5 to 3.0 metres, depending on the positions of geological contacts and variations in alteration composition. The core was split by a diamond rock saw supervised by project geologists. The half-core sample was collected from the entire length of each designated sample interval and placed into individual-labelled, self-sealing calico bags for secure packaging and transport to the laboratory. The half-core samples weighed between 1.0 to11.0 kilograms depending on the sample length and core size. A chain of custody was established between the Company and the receiving laboratory to ensure the integrity of the samples during transportation from the site to the lab. The samples were sent in batches to ALS Laboratories in Vancouver, Canada for sample preparation and assaying.
Samples were crushed, pulverized and assayed for gold 50-gram charge Fire Assay / AAS Finish (Au-AA24; 0.005 ppm lower detection limit) and a 48 multi-element by 4-acid digest with ICP-MS determination (ME-MS61L; Ag 0.002 ppm lower detection limit). Over-limit Au and Ag samples were re-assayed by fire-assay and gravimetric finish (GRA-22, LDL of 0.5 and 5 ppm for Au and Ag respectively).
Certified Reference Materials ("CRMs") were inserted by Japan Gold KK at every 20th sample to assess the repeatability and assaying precision of the laboratory. In addition, the laboratory applied its own internal Quality Control procedure that includes sample duplicates, blanks & geochemical standards. They report these results with the certified Assay Report. Laboratory procedures and QA/QC protocols adopted are considered appropriate. The CRMs and internal QA/QC results fall within acceptable levels of accuracy & precision and are considered to lack any bias.
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold Exploration Manager, Barrick Alliance, Andrew Rowe BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization in one of the most stable and underexplored countries in the world. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan and have a track record of discoveries world-wide. Japan Gold has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects with the potential to host Tier 1 or Tier 2 gold ore bodies in Japan. Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corporation.
On behalf of the Board of Japan Gold Corp.
John Proust
Chairman & CEO
For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: 604-417-1265
Email: ahelgason@japangold.com
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2025 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the Company's ability to execute and implement future plans, arrange or conclude a joint venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.
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FAQ
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