- Japan Gold (TSXV:JG) and partner Barrick Gold (TSX:ABX) report prospective initial drilling results from the Togi project on the Noto Peninsula, Honshu Island, Japan
- Results at the Akasaka target have increased the potential to extend a concealed and well-preserved low-sulfidation gold system stretching for multiple kilometres
- Japan Gold is a mineral exploration stock in search of high-grade epithermal gold deposits across the main islands of Japan
- Japan Gold stock has given back 16.67 per cent year-over-year and 72.22 per cent since 2020
Japan Gold (TSXV:JG) and partner Barrick Gold (TSX:ABX) report prospective initial drilling results from the Togi project on the Noto Peninsula, Honshu Island, Japan.
Results at the Akasaka target have increased the potential to extend a concealed and well-preserved low-sulfidation gold system stretching for over one kilometer from known workings with strike potential of an additional 2 kilometers.
Two drillholes from November 2024 explored for strike extensions of the target’s Mori vein – where historical workings produced 16,500 ounces of gold averaging 14 grams per ton (g/t) – intersecting inferred structural extensions anomalous in pathfinder elements including gold.
The 3,990-hectare Togi project first yielded gold mineralization in 1896, leading to seven areas along a seven-kilometre trend producing a combined 48,000 ounces of gold and 180,000 ounces of silver between 1910-1921. According to Monday’s news release, the project offers multiple mineralized prospects to the northeast, southwest and at depth.
Significant intercepts
Drillhole ID | From (m) | To (m) | Length (m) | Gold (ppm) | Silver (ppm) |
TGDD-24-001 | 325.80 | 326.30 | 0.50 | 0.2 | 0.8 |
TGDD-24-001 | 327.80 | 328.30 | 0.50 | 0.3 | 2.0 |
TGDD-24-001 | 348.50 | 349.15 | 0.65 | 0.2 | 0.7 |
TGDD-24-002 | 537.30 | 538.30 | 1.00 | 0.3 | 1.6 |
TGDD-24-002 | 542.10 | 542.60 | 0.50 | 0.2 | 1.2 |
TGDD-24-002 | 543.35 | 543.85 | 0.50 | 0.3 | 3.5 |
Barrick fully funded the drill program through its alliance with Japan Gold. A joint technical committee with members from both companies oversees project development.
Japan Gold is preparing drill programs at its alliance-bound Hakuryu and Ebino projects in April.
Leadership insights
“The Togi drill program has provided encouragement to the proposed exploration model at Akasaka of a concealed epithermal system extending along strike of the Mori vein workings. A syn to post-mineral basin, formed along the flanks of the Mori fault, hosts mineralized quartz vein clasts and anomalous gold in BLEG drainages along a 3-kilometer strike corridor. It is inferred that movement on the Mori fault has buried segments of the epithermal system during its formation, providing potential for concealment and preservation of an epithermal system with significant scale,” Andrew Rowe, exploration manager for the Barrick Alliance, said in a statement.
About Japan Gold
Japan Gold is a mineral exploration stock in search of high-grade epithermal gold deposits across the main islands of Japan. Its portfolio covers numerous known gold occurrences guided by a management team with vast experience exploring and operating in Japan and delivering discoveries worldwide. Significant shareholders include Newmont Corporation and Equinox Partners Investment Management.
Japan Gold stock (TSXV:JG) opened with a loss of 6.25 per cent trading at C$0.075 per share. The stock has given back 16.67 per cent year-over-year and 72.22 per cent since 2020.
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(Top photo of Japan Gold’s Togi project: Japan Gold)