Japan Gold Announces Encouraging Results Not saying to buy or sell..
Japan Gold Announces Encouraging Results from Geochemical & Geophysical Surveys Identifying Additional Drill Targets at the Ohra-Takamine Gold Project
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2020) - Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or "the Company") is pleased to announce encouraging results from geochemical and geophysical surveys at the Ohra-Takamine Gold Project in southern Kyushu. Mutually supporting results from soil and rock geochemistry, spectral alteration analysis, and geophysical gravity data processed for structure detection have defined five new anomalous zones along strike of and parallel to the Ohra-Takamine-Urushi mine corridor. These results coincide with anomalies previously defined by CSAMT geophysical survey data, released in the Company's April 8, 2020 news release.
Highlights:
- Five new anomalous explor ation targets defined by grid-based geochemical and geophysical programs
- New anomalies up to 2.5 km in strike length, occur both along strike and parallel to the mineralized Ohra-Takamine-Urushi mine corridor, three of which remain open-ended along strike
- Structure detection from processed gravity data along with geochemistry is defining vectors to potentially mineralized targets under post mineral cover
- CSAMT resistivity anomalies correlate well with gold and pathfinder element anomalism along the mine corridor and further validate drill targets
"The definition of these new exploration targets, revealing both strike extensions to the known mines, and new parallel zones, is highly encouraging and validates our exploration methodology. These results further support our CSAMT defined geophysical targets. We will now rank all targets and advance the first phase of our scout drilling program", stated John Proust, Chairman and CEO.
The Ohra-Takam ine Gold Project lies within the highly gold endowed Southern Kyushu Epithermal Gold Province, from which more than 11 million ounces of gold have been produced from high-grade epithermal gold deposits. This Project hosts five historic gold mines, the Matsuno, Urushi, Takamine, Ohra, and Aira Yamada Mines, defining a northeast oriented structural corridor (Figure 1).
Grid based soil-sampling, analysed for gold and other pathfinder elements and by spectral alteration mineral analysis, has defined five areas of geochemical and alteration anomalies. These anomalies define strike extensions, up to 2.5 kms long, northeast of the Ohra mine and new parallel zones within the mine corridor area (Figures 2 to 5). Deeper structures interpreted from processed gravity (Figure 6) and CSAMT resistivity data coincide with the geochemical and alteration anomalies and potentially define the location and geometry of mineralised faults (Figure 7). The Company's rationa le for identifying drill targets is based on this multi-faceted approach.
Drill permits previously received from the Ministry of Economy Trade and Industry ("METI") for the Ohra-Takamine project will allow drilling to commence shortly. Permitting for drill holes to test the other new targets is in progress.
Soil and Rock Sampling and Clay Alteration Analysis
A 6.4 km long, and 3.3 km wide soil sample grid covering the Ohra-Takamine-Urushi area was completed early in 2020 (Figure 1). Composite soil samples were collected at 50 m spacings along 33 individual, north-south orientated grid lines, located 200 m apart. Multi-element geochemical assay and clay spectral analysis were completed on 1,470 composite soil samples and 188 accompanying rock-chip samples. Geological and alteration mapping completed in parallel with the soil sampling program has also been compiled and merged with the data set.
Processed Gravity Data
Bouguer gravity data collected by Haines Surveys Pty Ltd, over an approximate 8 by 4 km area, was merged with regional Geological Survey of Japan gravity data. Fathom Geophysics re-processed the merged data set to enhance rapid changes in gravity gradient. The resulting imagery aids in detection of under-cover or deep-seated basement structures not obvious at surface (Figure 6).
Conclusions from Geophysics, Soil and Rock Geochemistry and Alteration
Soil results confirm the presence of gold and silver in soil anomalism across and around the known historical Ohra, Takamine and Urushi mine workings (Figures 2 to 5). Anomalous gold in soil along the mine corridor correlates well with elevated levels of the important pathfinder elements, antimony and arsenic. Collectively, gold, silver, mercury, antimony and arsenic provide excellent vectors to lesser explored and understood, high-level alteration zones present to the north and south, and along strike, of the mine corri dor.
CSAMT and Soil Anomalies
Northeast trending gold soil anomalies coincident with other pathfinder elements have been identified overlying contiguous linear zones of high CSAMT resistivity at the Ohra-Takamine Project. Japan Gold is targeting its forthcoming drilling program based on integration of these geochemical, geophysical and geological datasets.
Good luck to all JG share holders.
Ron