Initial Drill Program At Togi Project Confirms Gold Bearing System With Strike Potential

VANCOUVER - Japan Gold Corp. reported on initial drill program at the Barrick Alliance Togi Project located on the Noto Peninsula, Honshu Island, Japan.

Drilling at the Togi Project - Akasaka target has increased confidence in extensions to a concealed and well-preserved low-sulfidation gold system, extending a kilometer from known workings and with strike potential of an additional 2 kilometers.

"The Togi drill program has provided encouragement to the proposed exploration model at Akasaka of a concealed epithermal system extending along strike of the Mori vein workings. A syn to post-mineral basin, formed along the flanks of the Mori fault, hosts mineralized quartz vein clasts and anomalous gold in BLEG drainages along a 3-kilometer strike corridor. It is inferred that movement on the Mori fault has buried segments of the epithermal system during its formation providing potential for concealment and preservation of an epithermal system with significant scale," said, Andrew Rowe, Exploration Manager.

An initial two drill holes were completed at the Akasaka target in November 2024 targeting concealed strike extensions of the Mori vein where historical workings produced 16,500 oz of gold at an average grade of 14 g/t Au. The two drill holes located 700 metres along strike of the Mori workings and spaced 350 metres apart targeted vein extensions below concentrations of sinter scree, and quartz vein boulders and cobbles hosting gold grades up to 79.7 g/t gold, refer to Figure 1.

Drilling intersected parallel alteration zones representing inferred structural extensions of the Mori fault and Mori vein hanging-wall structures concealed by up to 140 metres of syn to post mineralization andesite and conglomerate. Alteration intersected hosts low-temperature clay assemblages and spaced narrow opaline to chalcedonic-carbonate-sulphide veins anomalous in pathfinder elements including gold. The Mori Fault zone intersected in the lower sections of both drill holes is also anomalous in gold, hosting breccia clasts of quartz-carbonate vein indicating the fault was actively moving during mineralization providing the potential for dynamic boiling levels and faulting.

The Togi drill program was fully funded by Barrick Gold Corporation through its alliance with Japan Gold. A joint Japan Gold/Barrick technical committee oversees the work programs. Advancement of the Togi project will be prioritized based on results of drill programs scheduled to commence at the Hakuryu and Ebino projects in April this year.