Wide Intervals Of Gold Mineralization Encountered During Initial Drill Program At Mizobe Project

VANCOUVER - Japan Gold Corp. reported on the drilling program at the Barrick Alliance Mizobe Project in Southern Kyushu, Japan. Drilling has encountered wide, and locally high-grade intervals in the initial, broad spaced framework drill program. Highlights: Drill holes MZDD23-001, 002, and 003 successfully intersected gold mineralized intervals including the following notable results (all intervals are down-hole lengths); MZDD23-003 - 10.0 m @ 4.3 g/t Au & 6.6 g/t Ag from 122.75 m, including 4.0 m @ 6.2 g/t Au & 10.2 g/t Ag) and 14.1 m @ 1.0 g/t Au & 4.8 g/t Ag from 176.95 m; and MZDD23-002 - 6.1 m @ 1.4 g/t Au & 7.5 g/t Ag from 126.7 m, including 2.6 m @ 2.2 g/t Au & 10.6 g/t Ag.

Within the Mizobe Project, historical mining activities focused on antimony-rich hydrothermal breccias at the Semari and Nakazon workings, prior to 1942. In 2000, the Metal Mining Agency of Japan (MMAJ) drill hole 12MAHT-2 was drilled 1 km to the southeast of the historical antimony workings, targeting a geophysical anomaly, the drill hole intersected a down-hole mineralized interval of 43.35 m @ 0.9 g/t gold, with an included interval of 20.3 m @ 1.2 g/t gold5, (Figure 1). No further drilling was completed around this mineralized intersection.

Sampling by the Alliance of discontinuous outcrop and quartz-vein / breccia float across a 2 by 2.5 km area showed strong anomalism with channel samples including 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 was seen as highly encouraging considering much of the target area is concealed by a veneer of post-mineral volcanic ash.

The three initial, widely spaced frame-work drill holes at Mizobe targeted interpreted structural extensions below post-mineral volcanic ash on large step-outs between 600 to 1,000 m from known surface mineralization and historical drilling data, (Figure 1). Gold mineralization intersected includes both vein and breccia hosted styles. The significant widths of mineralization intersected in drilling below post-mineral cover, and the broad footprint of gold and pathfinder mineralization identified in channel sampling at surface indicate the potential of a significant gold-bearing hydrothermal system at Mizobe. Next steps at Mizobe will include step-out drilling to further extend, and define the geometry of the wide mineralized intervals. Further drilling will be scheduled at Mizobe around geophysical work programs already in progress on the high priority Aibetsu and Togi Alliance projects in Hokkaido and Honshu.