|Commodity:||Gold & Copper|
|Target:||Porphyry Cu-Au and High Sulphidation Epithermal Au (“HSE”)|
|Location:||Southwest Hokkaido, Japan|
|Permitting Status||All prospecting rights applications have been accepted and the land is reserved for Japan Gold|
The Ponkutosan Project comprises five accepted applications (1,620 hectares) covering an extensive area of advanced argillic alteration. The Metal Mining Agency of Japan mapped a silica-alunite alteration area near the Ponkutosan Project and sampled 32 m at 1.3 g/t gold. Creek float 1.7 km downstream from Japan Gold’s application area is dominated by quartz-alunite, residual silica and other silica-pyrite alteration.