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Japan Gold Corp.
Summary
| Project: | Ikutahara | |
|---|---|---|
| Deposit: | Akebono | |
| Location: | Japan | |
| Commodities: | Gold | |
| Date: | 2/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2018: Japan Gold Corp. announces an Exploration/Drilling Update report for its Akebono deposit at the Ikutahara project. Drilling results incl. 0.45m @ 29.7g/t Au, 77g/t Ag from 39.1m. February 05, 2018 – Vancouver, BC – Japan Gold Corp. (TSX-V: JG) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Andrews (Internal) | |
| ABSTRACT: | February 05, 2018 – Vancouver, BC – Japan Gold Corp. (TSX-V: JG) (OTCQB: JGLDF) (“Japan Gold” or the “Company”) is pleased to report results from its first scout drill holes completed in late December 2017 on the Akebono prospect at its Ikutahara Project in Hokkaido, Northern Japan. These results support the presence of high grade gold shoots in the Akebono vein system previously indicated by historic sampling of underground workings (refer to Japan Gold’s news release dated February 2017: http://japangold.com/completes-2016-field-program/). Obtaining these results represents significant milestones for the Company, firstly supporting high gold and silver grades at the Akebono prospect and secondly proving that Japan Gold can successfully work through the Japanese regulatory and permitting system from licence application acceptance to granting of prospecting rights and gaining approval for its first drill program. The Akebono prospect is located in the northeast corner of the Company’s Ikutahara Project within one of 23 prospecting rights blocks granted by the Japanese Ministry of Economy, Trade and Industry (“METI”). A further 15 of the 56 Ikutahara licenses are currently under process by METI and the company expects that these will be granted in 2018 to allow drilling on other key prospects. Surface mapping conducted by the Company during 2016 and 2017 identified a northeast trending vein system with widths up to four metres and an open-ended strike length of over 770 metres based on the alignment of workings, sporadic vein outcrops, subcrops and vein float, refer to Figure 1. | |
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