Japan Gold intersects 125 g/t gold from 64.2 m at Ryuo
(Kitco News) - Japan Gold (TSXV: JG) today reported high-grade gold-silver intercepts from its first drill holes at the Ryuo prospect, within the Ikutahara project in Japan, which is 100% held by Japan Gold and is not included in the Barrick Alliance.
The company said that the Ryuo prospect hosts five areas of workings along a 1 km open ended trend of alteration and mineralization that were developed prior to the government-imposed closure in 1943.
Drill hole IKDD21-001 targeted down-dip extensions of high-grade gold-silver mineralization historically mined at the Jinja Vein. The company said that a broad mineralized interval was encountered (reported as downhole intervals) with the following results: 4.9 m @ 12.1 g/t Au & 33.0 g/t Ag from 60.6 m, incl. 0.9 m @ 18.4 g/t Au & 115.8 g/t Ag from 60.6 m and 1.95 m @ 20.5 g/t Au & 21.0 g/t Ag from 63.55 m, incl. 0.55 m @ 59.4 g/t Au & 49.5 g/t Ag from 63.9 m, incl. 0.25 m @ 125.0 g/t Au & 97.0 g/t Ag from 64.2 m.
The company added that the intersection in IKDD21-001 shows that high-grade gold and silver mineralization remains open to depth below the Jinja Vein workings and, having a true width of 4.74 m, is significantly wider than average vein widths reported historically in the underground workings.
"The initial drill holes at Ryuo have confirmed wide, high-grade vein mineralization is continuous below the historical workings closed in 1943. The Ryuo prospect has never been drilled and these initial results provide strong encouragement to continue drilling at Ryuo, and the other similarly under-explored Ikutahara prospects," commented VP of Exploration Andrew Rowe.
Japan Gold is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The company has a country-wide alliance with Barrick Gold to jointly explore, develop and mine certain gold mineral properties and mining projects.
The company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization.