Japan Gold Corp’s wholly-owned subsidiary, Southern Arc Minerals Japan KK (SAMJ), has made 35 contiguous prospecting right applications covering an area of approximately 11,269 hectares immediately adjacent to the historic Sanru gold mine in Northern Hokkaido.
The company has received confirmation from Ministry of Economy, Trade and Industry (METI), Hokkaido Branch, that the applications have been accepted, thereby granting SAMJ priority over this area.
SAMJ is now authorised to commence low impact exploration activities such as geological mapping, geochemical sampling and geophysical surveys on this area, pending completion of a multi-step process of government consultation and review prior to final granting of the prospecting licence.
These applications constitute the Sanru project. SAMJ has other applications in Hokkaido and northern Honshu.
The Sanru mine, the second largest producer in North Hokkaido, produced 215,410 ounces of gold at an average grade of 7.4 g/t and more than 1.4 million ounces of silver between 1925 and 1974. It is in the central part of the Omu-Kamikawa zone within the Kitami Metallogenic Province of northeast Hokkaido.
Japan Gold has selected the area to the northeast of the Sanru mine because it is dominated by prospective rhyolitic host rocks. A northeast trending fault which controls mineralisation at Sanru extends into the application area.
This Sanru structure and several other parallel structures are host to six gold occurrences documented on published geological maps within the area under application.
A regional stream sediment program was carried out by the geological division of the Japanese Ministry of International Trade and Industry in the late 1990s and identified two anomalous drainages in the east and south of SAMJ’s Sanru project area.
Japan Gold chairman and CEO John Proust said, “The Sanru Project area is Japan Gold’s ninth project in Northern Japan and represents a very substantial and significant addition to Japan Gold's portfolio of high grade epithermal gold and potential porphyry exploration areas.”