Japan Gold Announces High-Grade Results from the Barrick Alliance – Togi Project – MENAFN.COM

Japan Gold Announces High-Grade Results from the Barrick Alliance – Togi Project – MENAFN.COM

Vancouver, British Columbia--(Newsfile Corp. - April 22, 2021) - Japan Gold Corp. (TSXV:JG) (OTCQB: JGLDF) (the " Company ") is pleased to announce high-grade gold assays from surface sampling at its Barrick Alliance, Togi Project, on the Noto Peninsula of Honshu Island ( Figure 1) . "The Barrick Alliance positive assay results across the Togi Project, which includes the Togi Goldfield, highlight another underexplored epithermal district in Japan. The high-grade rock samples and extensive positive BLEG results reinforce the potential of the area and our belief that there are major gold discoveries still to be made in Japan", commented John Proust, Chairman & CEO. The 3, 990-hectare Togi Project is located on the northern flank of a regional graben and hosted in early Miocene andesite volcanics under-lain by a northeast trending gravity anomaly. A similar geological and structural setting is noted 160 kilometres along strike to the northeast on Sado Island, which hosted Japan's second largest gold mine, the Sado Mine with production of 2. 5 million ounces of gold and 74 million ounces of silver2 prior to its closure in 1974 ( Figure 1 ). Gold mineralization was discovered in the Togi area in 1896 and historic records from