Japan Gold said the first project of its 2025 drill program is now underway at the Barrick Alliance Hakuryu project, located on the northern island of Hokkaido, Japan.
The Hakuryu project is the first of two 2025 priority drill programs under the Barrick Alliance commencing this spring.
“We are pleased to commence the maiden drill program at the Barrick Alliance Hakuryu project, where we are testing high potential gold targets and advancing our exploration efforts in a very prospective area of Japan, where gold was mined for nearly 60 years,” Chairman and CEO John Proust said.
“The drill program is the culmination of extensive geological field work, geophysical surveys and data integration undertaken to identify our targets.”
Drilling is designed to test the Hakuryu No. 3 Vein. Up to four shallow holes will be drilled from two drilling sites, with a total drilling length of 700 metres. The company anticipates assay results during Q2 and Q3 2025.
The Hakuryu No 3 Vein target sits within an alteration and mineralisation corridor that extends 5 kilometres to the southwest. Recent work has identified a number of additional high-level alteration and geochemical targets and follow up work is planned.
Japan Gold has an alliance with Barrick Gold to jointly explore, develop and mine certain gold projects with the potential to host a Tier 1 or Tier 2 gold ore bodies. The Barrick Alliance is focused on three priority projects: Hakuryu, Ebino and Togi.
Source: Japan Gold