Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
The Japanese Ministry of Economy, Trade and Industry accepted Japan Gold’s (TSXV: JG) new prospecting rights applications in the Southern Kyushu Epithermal Gold Province, which is located on the island of the same name.
In a press release, the Canadian miner said the new applications include the Mizobe project and a second extension to the Ohra-Takamine project.
The new applications include the Mizobe project and a second extension to the Ohra-Takamine project
With these additions, the new Mizobe project comprises four applications of 1,195 hectares, while the Ohra-Takamine project was extended by 1,167 hectares to 4,872 hectares.
Mizobe is located 10 kilometres east of the Ohra-Takamine project, along the western edge of the Kagoshima Graben. According to Japan Gold, historic mining activities in the project area were focused on antimony mineralization located in the north-western part of the application area. Antimony is a typical pathfinder element for epithermal gold mineralization and commonly concentrated in the upper parts of epithermal gold systems.
The Ohra-Takamine project, on the other hand, lies within the Hokusatsu-Kushikino Mining District and covers five historic gold mines.
Japan Gold said that the extension applications for Ohra were made to encompass MMAJ-defined areas of hydrothermal alteration co-incident with gravity high, CSAMT geophysical and geochemical soil anomalies, some 2 to 3 kilometres southeast of the historic Matsuno mine workings.
