Mizobe is one of six projects selected by Barrick to advance to the second evaluation phase under the Strategic Alliance Agreement.
Highlights
An initial reconnaissance phase of three widely spaced 500 m deep drill holes are planned at Mizobe, targeting the concealed extensions of gold-bearing antimony-rich hydrothermal breccias for gold-rich feeder-veins.
Within the
Alliance sampling of altered outcrop and quartz-vein breccia float across a 2 by 2.5 km area in the eastern side of the project show strong gold and pathfinder element anomalies with channel samples including composited intervals up to 24.7 m grading 1.0 g/t gold, and river float samples up to 18.9 g/t gold. The extent of gold and antimony anomalism is highly encouraging considering much of the target area is concealed by a veneer of post-mineral volcanic ash. Strong antimony and gold mineralization and the super-imposition of banded quartz veins over hydrothermal breccias indicate the potential presence of a dynamic and well-preserved gold-bearing epithermal system. Interpretation of combined geological, geochemical, and geophysical data sets support the definition of drill targets along strike of mineralization exploited at the Nakazon and Semari workings, and the more recently defined Fusayama and Tamari areas. The three initial, widely spaced drill holes at Mizobe are part of an open-ended drill program to test the framework of current interpretations and improve ongoing drill targeting below post-mineral cover at Mizobe and across the district.
Sampling Techniques and Assaying
The grab samples of float material reported in this announcement are believed to originate from the underlying bedrock of the drainage basin from which they were collected. The Company cautions that grab and float samples are selective by nature and may not be representative of typical mineralization on the property. Composited chip-channel samples have been collected continuously along exposures of bedrock at intervals between 0.5 to 1.5 m. Sample preparation and assaying were done by ALS Perth, WA,
A Chain-of-Custody was established between the Company and receiving laboratory to ensure the integrity of the samples during transportation from site to the lab. Certified Reference Materials (CRMs) were inserted by
About
Contact:
Tel: 778-725-1491
Email: info@japangold.com
Cautionary Note
This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2023 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forwardlooking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.
(C) 2023 Electronic News Publishing, source