Impact: Positive
Japan Gold reported results from eight holes at its Ryuo prospect, part of the 100%-owned Ikutahara project, located on Hokkaido Island, Japan (Figure 1). This is one of two projects that are 100%-owned by Japan Gold, while the company’s other 29 projects are under an exploration alliance with Barrick Gold (TSX:ABX, Not Rated). Following the success of its initial three scout holes (read more), step-out drilling has continued to encounter high-grade intersections along an 800m open ended strike zone. Overall, we believe these are positive results as they further demonstrate the continuation of mineralized structures below historic workings in multiple locations, with some high-grade intersections.
