- The Hokusatsu Region of Southern Kyushu is Japan's largest gold producing area with low-sulphidation epithermal deposits recording a combined production of over 11 million ounces.
- The 18 new prospecting rights applications accepted by METI bring the Company's total coverage in the Hokusatsu Region to a total of 100,452.8 hectares, approximately 84% of prospective and explorable ground within the region, Figure 1.
- Epithermal vein deposits in the Hokusatsu Region are generally hosted on the western margins of gravity anomalies which form the basis for the new prospecting rights applications.
- The Onoyama-Yamagano Project is located along the prospective Hokusatsu volcanic front, north of the Company's Ohra-Takamine Project and the Barrick Alliance Mizobe-Onoyama Project, and west of the historic Yamagano Gold Mine which produced in excess of 910,000 ounces of gold at a grade of 17.4g/t1
- 9 new applications on the western side of the Onoyama-Yamagano Project were lodged to cover the western flank of a gravity-high feature which has been further defined by the Barrick Alliance project scale geophysical surveys, Figure 2.
- The Mizobe Project, which now incorporates the Mizobe 1st Extension Project, is located in the southeast corner of the Hokusatsu Region and covers an area of gold-antimony anomalism associated with an extensive gravity-high feature that runs through the Mizobe Project and into the northeast part of the Ohra-Takamine Project.
- The 9 new Mizobe West Extension applications were similarly positioned to cover the southwest flanks of the gravity anomaly which coincident with highly anomalous quartz veins, breccia, and sinter floats sampled in drainages on the western side of the Mizobe Project and the southwest portion of the Mizobe-Onoyama Project, Figure 3.
- The Company's portfolio now comprises of 202,926.2 hectares (2029.26 square kilometers) of prospective ground across Japan's 5 major epithermal gold provinces within the three main islands of Kyushu, Honshu and Hokkaido
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