Japan Gold announced the acceptance of new prospecting rights applications covering extensions to the Barrick Alliance’s Sanru Project by the Japanese Ministry of Economy, Trade and Industry (METI). The new applications total 9,571.7 hectares and cover prospective areas north and south of the Sanru Mine, on the west side of the Sanru Project in Hokkaido.

The Barrick Alliance 2020 regional stream sampling programs identified banded quartz-vein and silicified volcanic rock float shedding from separate drainages up to 6 km to the north and 2 km to the south of the Sanru Mine. Some of these streams are covered by younger volcanics that post-date, and potentially conceal mineralization. 

Contoured government-sourced gravity data from the area shows the coincident location and orientation of the major graben-bounding structures within the new applications. “These typically deep-seated faults, provide excellent pathways and re-charge locations for upwelling gold-bearing hydrothermal fluids, essential to the development of high-grade veins in adjacent structures,” explained Japan Gold.

The inferred graben-bounding faults and the areas shedding quartz vein and silicified floats are now well covered by the 35 new applications and provide another compelling exploration target within the Barrick Alliance portfolio.

Source: japangold.com

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