Japan Gold Barrick Alliance Commences Drilling Program at Togi Project, Japan
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) has commenced drilling at the Togi Project, one of three priority projects advancing under the Barrick Alliance. The first of two 500-meter drill holes is targeting strike extensions of the Mori vein along the Mori Fault at the Akasaka target. The drilling aims to explore potential mineralized extensions supported by sinter scree and quartz vein boulders with gold grades up to 79.7 g/t.
CSAMT geophysics highlighted resistivity features potentially representing epithermal veins. The historic Mori vein produced 16,500 ounces of gold at an average grade of 14 g/t, with reports of mineralization open at depth. The company is working closely with Barrick Gold technical advisors on this inaugural drill campaign in the historic Togi goldfield on Japan's Noto Peninsula.
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ha iniziato le perforazioni presso il Progetto Togi, uno dei tre progetti prioritari in fase di sviluppo nell'ambito dell'alleanza con Barrick. Il primo dei due pozzi di perforazione da 500 metri mira ad estendere le linee di colpo della vena Mori lungo la Faglia di Mori nel target di Akasaka. L'obiettivo delle perforazioni è esplorare potenziali estensioni mineralizzate supportate da frane di sinterizzazione e massi di vene di quarzo con gradi d'oro fino a 79,7 g/t.
Le geofisiche CSAMT hanno evidenziato caratteristiche di resistività che potrebbero rappresentare vene epithermali. La storica vena Mori ha prodotto 16.500 once d'oro con un grado medio di 14 g/t, con segnalazioni di mineralizzazione aperta in profondità. L'azienda sta collaborando strettamente con gli advisor tecnici di Barrick Gold in questa campagna di perforazione inaugurale nel storico campo aurifero di Togi, situato nella penisola di Noto in Giappone.
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ha comenzado la perforación en el Proyecto Togi, uno de los tres proyectos prioritarios que avanzan bajo la Alianza Barrick. El primero de dos pozos de perforación de 500 metros tiene como objetivo extender la senda de la vena Mori a lo largo de la Falla Mori en el objetivo Akasaka. La perforación tiene como meta explorar extensiones mineralizadas potenciales respaldadas por debris de sinter y bloques de veta de cuarzo con leyes de oro de hasta 79.7 g/t.
La geofísica CSAMT destacó características de resistividad que podrían representar venas epithermales. La histórica vena Mori produjo 16,500 onzas de oro a un grado promedio de 14 g/t, con informes de mineralización abierta en profundidad. La empresa está trabajando en estrecha colaboración con asesores técnicos de Barrick Gold en esta campaña de perforación inaugural en el histórico campo de oro de Togi en la península de Noto en Japón.
일본 골드 Corp. (TSXV: JG) (OTCQB: JGLDF)는 토기 프로젝트에서 시추를 시작했습니다, 바릭 얼라이언스에 따라 진행 중인 3개 우선 프로젝트 중 하나입니다. 두 개의 500미터 시추 공 중 첫 번째는 아카사카 목표의 모리 단층을 따라 모리 광맥의 연장선을 목표로 하고 있습니다. 시추의 목적은 79.7 g/t까지의 금 품위를 가진 싱터 스크리와 석영 광맥의 바위에 의해 뒷받침되는 잠재적인 광물화된 연장을 탐색하는 것입니다.
CSAMT 지구물리학은 에피열맥을 나타낼 수 있는 저항 특징을 강조했습니다. 역사적인 모리 광맥은 평균 14g/t에서 16,500온스의 금을 생산했습니다, 깊이에서 열린 광물화 보고가 있었습니다. 이 회사는 일본 노토 반도의 역사적인 토기 금광에서 이 첫 번째 시추 캠페인에 대해 바릭 골드의 기술 고문들과 긴밀히 협력하고 있습니다.
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) a commencé le forage au Projet Togi, l'un des trois projets prioritaires en cours dans le cadre de l'Alliance Barrick. Le premier de deux trous de forage de 500 mètres vise à explorer les extensions de la le long de la faille de Mori dans la cible d'Akasaka. Le forage a pour but d'explorer les extensions minéralisées potentielles soutenues par des décombres de sinter et des blocs de veines de quartz avec des teneurs en or allant jusqu'à 79,7 g/t.
La géophysique CSAMT a mis en évidence des caractéristiques de résistivité qui pourraient représenter des veines épithermales. La veine Mori historique a produit 16 500 onces d'or avec une teneur moyenne de 14 g/t, avec des rapports de minéralisation ouverte en profondeur. L'entreprise collabore étroitement avec des conseillers techniques de Barrick Gold pour cette campagne de forage inaugurale dans le champ aurifère historique de Togi, situé sur la péninsule de Noto au Japon.
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) hat mit den Bohrungen im Togi-Projekt begonnen, einem der drei prioritären Projekte, die im Rahmen der Barrick-Allianz vorangetrieben werden. Das erste von zwei 500-Meter-Bohrlöchern zielt darauf ab, die Streikverlängerungen der Mori-Vene entlang des Mori-Bruchs im Akasaka-Ziel zu untersuchen. Die Bohrungen sollen potenzielle mineralisierte Erweiterungen erkunden, die durch Gesteine von Sinter und Quarzadern mit Goldgehalten von bis zu 79,7 g/t unterstützt werden.
CSAMT-Geophysik hob Resistivitätseigenschaften hervor, die möglicherweise epithermale Adern darstellen. Die historische Mori-Vene produzierte 16.500 Unzen Gold bei einem Durchschnittsgehalt von 14 g/t, mit Berichten über mineralisierte Zonen, die in der Tiefe offen sind. Das Unternehmen arbeitet eng mit technischen Beratern von Barrick Gold an dieser ersten Bohrkampagne im historischen Togi-Goldfeld auf Japans Noto-Halbinsel zusammen.
- Commencement of drilling program at Togi Project, a priority project under Barrick Alliance
- Potential for high-grade gold mineralization, with historical grades up to 79.7 g/t gold in surface samples
- Historical production of 16,500 ounces of gold at an average grade of 14 g/t from the Mori vein
- Collaboration with Barrick Gold technical advisors for program design
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce that it has commenced drilling at the Togi Project, one of three priority projects advancing under the Barrick Alliance (refer to the Company's news release dated August 19, 2024).
The first of two 500-meter drill holes is currently underway at the Akasaka target where drilling is targeting strike extensions of the Mori vein along the prospective Mori Fault, Figure 1. Strike extensions to the northeast of the Mori vein are largely obscured by post-mineralization cover but evidence of potential mineralized extensions is supported by sinter scree, and quartz vein boulders and cobbles hosting gold grades up to 79.7 g/t gold, (refer to the Company's news release dated 22nd April 2021). Controlled Source Audio-frequency Magneto-Telluric (CSAMT) geophysics completed along a 2-kilometer section of the Akasaka target highlighted resistivity features potentially representing epithermal veins, which drilling is currently targeting.
The Mori vein within the Akasaka target produced 16,500 ounces of gold at an average grade of 14 g/t gold and is reported to be up to 4 meters wide, with gold values ranging between 8 to 20 g/t gold1. Records show the mineralization at lower mine levels open at depth with average grades of 8.12 g/t gold and 56.9 g/t silver1. Workings did not exceed 120 meters below portal level.
Mr. Fraser MacCorquodale, President & COO stated, "We are pleased to begin our inaugural drill campaign at Togi, located on the historic Togi goldfield on the Noto Peninsula of Japan's Honshu Island. We have been working closely with Barrick Gold technical advisors in designing this program and we are looking forward to the results of the drilling campaign."
Figure 1: Togi Project, simplified geology, geochemistry and drill hole location map.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5665/224136_44c54ea72428cbe8_001full.jpg
Reference
1Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan.
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration across 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. 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.
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: +1 604-417-1265
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 2024 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224136
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