- Japan Gold (TSXV:JG) has acquired the new North Taio Project in the Middle Kyushu epithermal gold province
- The project covers 70 square kilometres of prospective ground immediately along strike of the Taio Mine, Middle Kyushu’s largest gold deposit
- The North Taio Project area covers a group of historical workings, including Umeno, Tono-o, and Mikura as well as a large 4 km by 3 km area of gold and pathfinder element anomalous clay alteration
- Japan Gold Corp. opened trading at $0.14 per share
Japan Gold (TSXV:JG) has acquired the new North Taio Project in the Middle Kyushu epithermal gold province.
The Japanese Ministry of Economy, Trade and Industry has granted 22 new prospecting rights applications that compose the project to the company. The project covers 70 square kilometres of prospective ground along strike of the Taio Mine, Middle Kyushu’s largest gold deposit.
Source: Japan Gold Corp.
The North Taio Project
The North Taio Project area covers a group of historical workings, including Umeno, Tono-o, and Mikura as well as a large 4 km by 3 km area of gold and pathfinder element anomalous clay alteration. The project area comprises Miocene to Pliocene aged andesitic and felsic volcanics overlying a Cretaceous metasediment and granite basement.
The Metal Mining Agency of Japan completed staged exploration programs across the North Taio alteration zone during the early 1990s. This work included reconnaissance mapping, broadly spaced soil geochemical sampling lines and 28.5-line km of Schlumberger geophysical surveying.
The data set showed geophysical signatures along with the clay alteration zonation that displays similarities to those seen at the 8.3 million-ounce Hishikari mine. No further exploration has been reported in the North Taio alteration zone.
The Taio Mine is the province’s largest gold mine and produced 1.2 million ounces of gold at an average grade of 6.3 grams per tonne before it closed in 1966. The Bajo Mine produced more than 420,000 ounces of gold, the bulk of which came from one main vein that reported average grades greater than 125 grams per tonne.
Japan Gold Corp. is a mineral exploration company focused solely on gold exploration across the three islands of Japan: Hokkaido, Honshu and Kyushu. The company holds a portfolio of more than 30 gold projects, which cover areas with known gold occurrences and are prospective for high-grade epithermal gold mineralization.
Japan Gold Corp. opened trading at $0.14 per share.
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