CORE SAMPLING

Japan Gold provides drilling update at Ohra-Takamine Project in Kyushu, Japan

Japan Gold Corp. has reported the completion of its first drill hole at the Urushi Mine and commencement of the second drill hole at the Ohra Mine, at the Ohra-Takamine Project in the Southern Kyushu Epithermal Gold Province, Japan.

 The proposed drill plan on geological map and historic mine workings at the Ohra-Takamine Project, Japan

The proposed drill plan on geological map and historic mine workings at the Ohra-Takamine Project, Japan

Drill holes OTD20-001 and 002 have been positioned along the open-ended, 3.5km corridor of alteration and epithermal mineralisation defined by the Ohra, Takamine and Urushi historic mines, where mining was halted in 1943 by the government-imposed moratorium.

Historic production records indicate the presence of high-grade mineralisation at the Ohra and Urushi Mines, including 21,000oz mined at grades greater than 20g/t gold at Ohra, and an ore shoot in the number 2 vein in the Urushi Mine which carried grades between 50 to 100g/t1.

Drill hole OTD20-001 targeted extensions of quartz veins mined at Urushi and intersected several zones of quartz vein, quartz-vein stockwork and brecciated quartz vein along its length. An initial batch of samples from the upper part of the drill hole were dispatched in mid-October and the remaining samples have now also been dispatched. Currently, heavy sample volumes are being experienced by ALS labs in Canada, and the final results of OTD20-001 are not expected until early in 2021.

Difficult drilling conditions, including clay-rich shear zones, slowed down drilling in the upper portion of OTD20-001. Following the easing of border restrictions, the company's drill team members were able to re-enter Japan to take over drilling operations in October; promptly completing the drill hole.

OTD20-002 received the required government approvals on November 25th and drilling commenced within hours of receiving this notification. OTD20-002 is targeting the down-dip continuation of the ore shoot mined at Ohra prior to 1943 and is expected to drill to a depth of approximately 550m.

Work programmes completed earlier this year within the project show historically mined quartz vein mineralisation coincides with gold and pathfinder element in soil anomalies, linear vertically-extensive CSAMT resistivity anomalies, and northeast and northwest structural intersections inferred from processed gravity data. The planned drill holes are targeting the down-dip extensions of high-grade mineralisation mined in shallowly developed workings coincident with the geochemical and geophysical anomalies.

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