February 23, 2023
Japan Gold Corp. (TSXV:JG, BUY, C$1.00 target, Timothy Lee) announced results from 2022 work programs at the Kitano-o prospect, within or part of its 100%-owned Ikutahara project in Hokkaido (see map), northern Japan. The programs included a 1,710 ha soil geochemical survey, as well as three scout drill holes (2,035m) situated at the east side of the prospect. One of three holes designed to test depth extensions of veins in historical workings encountered 0.33 g/t Au and 0.98 g/t Ag over 7.2m, 24-31m from surface (IKDD22-015). JG intends to follow-up in this area as it believes the vein system could dip south and that this hole may have missed the target. The soil surveys (1,597 samples), conducted between 2020-2022, have identified three gold anomalous zones over 1.5km in strike that remain open and support pathfinder element and alteration signatures. The samples were collected along a 7km section that bounds the east side of the district, which historically produced >96,000 oz Au at an average grade of 5.9 g/t Au from the Kitano-o mine. Next at Ikutahara, Japan Gold intends to expand the soil grid to the open areas to the west and the south towards the Saroma prospect. With active 2023 exploration campaigns across its 2,920km2 portfolio of assets in Japan (read more), JG is well positioned to achieve success via its strategic alliance with Barrick (TSX:ABX, Not Rated), and its fully-owned projects, such as its Ikutahara project. Read more
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Japan Gold Corp. – TSXV:JG
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