Japan Gold embarks on drilling at the Ryuo mine prospect in Hokkaido

Japan Gold embarks on drilling at the Ryuo mine prospect in Hokkaido

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Japan Gold Corp (CVE:JG) (OTCQB:GLDF) has announced that it has started drilling at the Ryuo Mine prospect located within the Ikutahara project in the Kitami region of northeast Hokkaido, Japan. In early 2020, Japan Gold struck an extensive tie-up with mining behemoth Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) to jointly explore, develop and mine properties in Japan, now covering 29 of Japan Gold's 31 projects in the Asian nation. However, Japan Gold’s 100% owned Ikutahara Project is not part of the Barrick alliance. The Vancouver-headquartered group said an initial three drill holes totaling 700 meters will test targets below or adjacent to historical workings which have CSAMT resistivity anomalies and gravity defined structures that lie below or adjacent to the Jinja, Shouei and Ryuei workings. READ: Japan Gold boasts first mover advantage in Japan and an extensive exploration alliance with major Barrick Gold “Hole 1 has commenced drilling and is targeting the down-dip extension of high-grade mineralization mined at the Jinja vein,” said the company. An additional eight drill pads have been permitted to allow scout drill testing of inferred strike extensions and CSAMT resistivity anomalies. The mineral exploration company is mobilizing two more drill rigs to the Ryuo Mine to speed up drilling. Drilling results will be released at the completion of the first three drill holes, said the company. Meanwhile, underground sampling carried out in the 1950s at the Jinja vein workings, revealed zones of high-grade gold mineralization including one vein sampled over a strike length of 72 meters returning average grades of 40.8 grams per ton (g/t) gold and 193 g/t silver with the average vein width approximately 0.5 meters. High-grade gold/silver quartz veins were mapped on all four of the lower levels of the Jinja vein system. Japan Gold noted that contiguous CSAMT resistivity anomalies defined along strike of the mine workings, and no previous exploration drilling provide potential for more discoveries of high-grade mineralization at Ryuo. The Ikutahara Project also hosts the Kitami region's third largest gold mine, the historic Kitano-o Mine along with numerous other historic mines and workings that the company is in the process of advancing. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive

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