- Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) initiates 2025 drill program at the Hakuryu Project in Hokkaido, Japan.
- Initial drilling will cover 700 meters, targeting the Hakuryu No. 3 Vein, with results expected in Q2 and Q3 2025.
- The project is located in the historic Konomai gold district, known for 2.35 million ounces of gold production.
Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) has commenced its 2025 drilling program at the Barrick Alliance Hakuryu Project in Hokkaido, Japan. The initial drilling phase will test the Hakuryu No. 3 Vein, utilizing up to four shallow holes across two drilling sites, amounting to a total drilling length of 700 meters. Assay results are anticipated in the second and third quarters of 2025.
The project is strategically located within the historical Konomai epithermal gold district, where the Konomai Mine produced 2.35 million ounces of gold at an average grade of 6.4 g/t from 1915 to 1973. In July 2024, drone magnetic surveys identified that the Hakuryu No. 3 Vein lies within a 5km structural corridor, which is largely unexplored. This vein features promising characteristics, with outcrops measuring up to 30 meters in width and 140 meters in length. Previous float sampling has revealed gold grades as high as 24.0 g/t.
John Proust, Chairman and CEO of Japan Gold, emphasized the significance of initiating this maiden drill program in a region historically rich in gold. He highlighted Japan's stable geopolitical climate and mining-friendly environment, which remains underexplored with modern mining techniques. The company's exploration efforts aim at capitalizing on this potential to make significant gold discoveries.
