- Located approximately 30 km northwest of the Company’s Ikutahara Project, the Hakuryu Project comprises 4,901 hectares and includes the southern lodes of the large historic Konomai gold-silver mine.
- From 1915-73, Konomai produced a total of 2.35 Moz of gold at an average grade of 6.4 g/t Au and 40 Moz of silver at an average grade 109 g/t Ag1.
- The southern portion of the Kōnomai vein system lies within the northeastern part of the Hakuryu Project and produced from two veins (Motoyama and Fujishima veins) more than 770 Koz of gold and 7.6 Moz of silver2
- Sumitomo, 20032 reported gold grades over 40 g/t Au in crustiform and colloform-banded, quartz-calcite-adularia ± sulfide veins.
- The great depth extents of ore in the major veins of the Konomai vein field (e.g., 560 m in No. 5 vein) supports depth potential for bonanza grades.
- Some of the Konomai-related vein systems have only been exploited to shallow levels, and some have yet to be drill-tested.
- Japan Gold proposes a two-stage exploration program at Hakuryu. Phase one low-impact work program includes detailed BLEG sampling of streams, geological mapping and geochemical rock sampling, grid soil sampling and ground CSAMT resistivity mapping, and spectral analysis of rock samples pertaining to alteration mapping.
- The second phase will include drilling of six or more holes (1,500 m) on defined targets using man-portable diamond drill rigs once the Prospecting Rights Licenses are granted.
