Japan Gold Commences Next Phase of Drilling at Mizobe [Yahoo! Finance]
SUMITOMO MTL MNG UNSP/ADR (SMMYY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
pleased to announce the commencement of the next phase of diamond drilling at the 100% held Mizobe Project (" Mizobe ") located in the Hokusatsu district on the southern island of Kyushu, one of Japan's most prospective epithermal gold areas. The drill program consists of a total of 4 holes for approximately 1,600m. Previous drilling at Mizobe (completed through the Barrick Alliance, see news release dated February 29, 2024), confirmed the presence of gold mineralization underneath post mineralization. Best intercepts include: 10.0m @ 4.27g/t Au from 122.75m (MZDD23-003) and 4.0m @ 1.60g/t Au from 36.5m (MZDD23-004). Mineralization is associated with localised zones of silification, clay-pyrite alteration, narrow zones of hydrothermal brecciation and anomalous arsenic and antimony. This style of alteration and geochemical association is interpreted to represent the upper or peripheral parts of an epithermal system. The 2025 Mizobe drill program is designed to test for higher grade
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