Japan Gold Commences Initial Drill Program at the Barrick Alliance Hakuryu Project
Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) has initiated its 2025 drill program at the Barrick Alliance Hakuryu Project in Hokkaido, Japan. The program will focus on testing the Hakuryu No. 3 Vein through up to four shallow holes across two drilling sites, totaling 700m in length. Assay results are expected in Q2 and Q3 2025.
The project is situated within the historic Konomai epithermal gold district, where the Konomai Mine produced 2.35 million ounces of gold at 6.4 g/t average grade between 1915-1973. Recent drone magnetic surveys from July 2024 revealed that the Hakuryu No. 3 Vein is part of a 5km structural corridor. The vein shows promising characteristics with outcrops up to 30 meters wide and 140 meters long, with float samples yielding gold grades up to 24.0 g/t.
Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) ha avviato il programma di perforazioni 2025 presso il progetto Barrick Alliance Hakuryu a Hokkaido, Giappone. Il programma si concentrerà sulla verifica della vena Hakuryu No. 3 tramite fino a quattro fori superficiali distribuiti su due siti di perforazione, per un totale di 700 metri di lunghezza. I risultati delle analisi sono attesi nel secondo e terzo trimestre del 2025.
Il progetto si trova nell’area storica del distretto aurifero epiterma di Konomai, dove la miniera di Konomai ha prodotto 2,35 milioni di once d’oro con una media di 6,4 g/t tra il 1915 e il 1973. Recenti indagini magnetiche con droni, effettuate a luglio 2024, hanno rivelato che la vena Hakuryu No. 3 fa parte di un corridoio strutturale lungo 5 km. La vena presenta caratteristiche promettenti con affioramenti fino a 30 metri di larghezza e 140 metri di lunghezza, e campioni flottanti con concentrazioni d’oro fino a 24,0 g/t.
Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) ha iniciado su programa de perforación 2025 en el proyecto Barrick Alliance Hakuryu en Hokkaido, Japón. El programa se centrará en probar la veta Hakuryu No. 3 mediante hasta cuatro perforaciones superficiales en dos sitios diferentes, con una longitud total de 700 metros. Se esperan los resultados de los análisis en el segundo y tercer trimestre de 2025.
El proyecto está ubicado dentro del histórico distrito aurífero epitermal Konomai, donde la mina Konomai produjo 2,35 millones de onzas de oro con una ley promedio de 6,4 g/t entre 1915 y 1973. Las recientes encuestas magnéticas con drones de julio de 2024 revelaron que la veta Hakuryu No. 3 forma parte de un corredor estructural de 5 km. La veta muestra características prometedoras con afloramientos de hasta 30 metros de ancho y 140 metros de largo, con muestras flotantes que arrojan leyes de oro de hasta 24,0 g/t.
Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF)는 일본 홋카이도에 위치한 Barrick Alliance Hakuryu 프로젝트에서 2025년 시추 프로그램을 시작했습니다. 이 프로그램은 두 개의 시추 지점에서 최대 네 개의 얕은 구멍을 통해 Hakuryu No. 3 정맥을 시험하는 데 중점을 두며, 총 길이는 700미터입니다. 분석 결과는 2025년 2분기와 3분기에 발표될 예정입니다.
이 프로젝트는 역사적인 Konomai 열수성 금 광상 지구 내에 위치해 있으며, Konomai 광산은 1915년부터 1973년까지 평균 등급 6.4 g/t로 235만 온스의 금을 생산했습니다. 2024년 7월에 실시된 최신 드론 자기 조사 결과 Hakuryu No. 3 정맥이 5km 길이의 구조적 회랑의 일부임이 밝혀졌습니다. 이 정맥은 최대 30미터 너비와 140미터 길이의 노출부를 보이며, 부유 시료에서 최대 24.0 g/t의 금 품위가 확인되어 유망한 특성을 나타냅니다.
Japan Gold Corp (TSXV : JG) (OTCQB : JGLDF) a lancé son programme de forage 2025 sur le projet Barrick Alliance Hakuryu à Hokkaido, Japon. Le programme se concentrera sur l'exploration de la veine Hakuryu n° 3 à travers jusqu'à quatre trous peu profonds répartis sur deux sites de forage, pour une longueur totale de 700 m. Les résultats des analyses sont attendus au deuxième et troisième trimestre 2025.
Le projet est situé dans le district aurifère épithermal historique de Konomai, où la mine de Konomai a produit 2,35 millions d'onces d'or avec une teneur moyenne de 6,4 g/t entre 1915 et 1973. Les récentes enquêtes magnétiques par drone de juillet 2024 ont révélé que la veine Hakuryu n° 3 fait partie d'un corridor structural de 5 km. La veine présente des caractéristiques prometteuses avec des affleurements allant jusqu'à 30 mètres de large et 140 mètres de long, ainsi que des échantillons flottants affichant des teneurs en or allant jusqu'à 24,0 g/t.
Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) hat sein Bohrprogramm 2025 im Barrick Alliance Hakuryu Projekt in Hokkaido, Japan, gestartet. Das Programm konzentriert sich auf die Erkundung der Hakuryu No. 3 Ader durch bis zu vier flache Bohrlöcher an zwei Bohrstandorten mit einer Gesamtlänge von 700 m. Die Analyseergebnisse werden im zweiten und dritten Quartal 2025 erwartet.
Das Projekt liegt im historischen Konomai epithermalen Goldbezirk, wo die Konomai-Mine zwischen 1915 und 1973 insgesamt 2,35 Millionen Unzen Gold mit einem durchschnittlichen Gehalt von 6,4 g/t förderte. Jüngste Drohnen-Magnetfelduntersuchungen aus Juli 2024 zeigten, dass die Hakuryu No. 3 Ader Teil eines 5 km langen Strukturkorridors ist. Die Ader weist vielversprechende Merkmale auf, mit Aufschlüssen bis zu 30 Meter Breite und 140 Meter Länge sowie Gesteinsproben mit Goldgehalten von bis zu 24,0 g/t.
- High-grade gold samples up to 24.0 g/t from float material
- Project located in historically productive gold district that yielded 2.35M oz gold
- Significant vein width up to 30 meters identified
- 5km structural corridor potential identified through drone magnetic survey
- Initial drilling program is relatively small scale (700m)
- Project is in early exploration stage with no previous drilling
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased announce that the first project of its 2025 drill program in now underway at the Barrick Alliance Hakuryu Project, located on the northern island of Hokkaido, Japan. The Hakuryu Project is the first of two 2025 priority drill programs under the Barrick Alliance commencing this spring.
Chairman and CEO, John Proust, commented, "We are pleased to commence the maiden drill program at the Barrick Alliance Hakuryu Project, where we are testing high potential gold targets and advancing our exploration efforts in a very prospective area of Japan, where gold was mined for nearly 60 years. The drill program is the culmination of extensive geological field work, geophysical surveys and data integration undertaken to identify our targets". Mr. Proust added, "Japan is a geopolitically stable jurisdiction with a mining friendly regime and good local infrastructure, but significantly under explored with modern mining methods. Adding to those important qualities, the country has an ideal geological setting for Japan Gold to make significant new gold discoveries."
Drilling is designed to test the Hakuryu No. 3 Vein. Up to four shallow holes will be drilled from two drilling sites, with a total drilling length of 700m. The Company anticipates assay results during Q2 and Q3 2025.
The Hakuryu Project
The Hakuryu Project is located at the southern end of the 18 km long Konomai epithermal gold district which is renowned for large gold deposits. Japan's second largest past producing gold mine, the Konomai Mine, produced 2.35 million ounces of gold at an average grade of 6.4 g/t, between 1915 and 1973. A drone magnetic survey was completed in July 2024 over most of Hakuryu at 100m line spacing to further advance the interpretation of multiple targets across the project. The survey confirmed Hakuryu No. 3 Vein sits within a 5 km long structural corridor, which is largely untested. Mapping of the Hakuryu No. 3 Vein identified vein outcrops up to 30 meters wide and 140 meters long. Gold grades up to 24.0 g/t were assayed from float shedding off the No. 3 Vein. This target has not been previously drilled.
Expansion Potential
The Hakuryu No 3 Vein target sits within an alteration and mineralisation corridor that extends 5km to the southwest. Recent work has identified a number of additional high-level alteration and geochemical targets and follow up work is planned.
Figure 1
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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 under explored 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: +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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249293
FAQ
What are the initial drilling plans for Japan Gold's Hakuryu Project (JGLDF)?
When will Japan Gold (JGLDF) release the Hakuryu Project drill results?
What historical gold production occurred in the Konomai district where JGLDF's Hakuryu Project is located?
What are the recent exploration findings at Japan Gold's (JGLDF) Hakuryu No. 3 Vein?
