- Japan Gold (JG) has released a corporate update following a productive 2021
- The company and Barrick Gold held a workshop in November to evaluate the portfolio of the Barrick Alliance
- Since the alliance was formed in February 2020, its portfolio has grown by 42 per cent
- In 2021, Japan Gold expanded its Kanehana and Buho projects and commenced a drilling program at the Ryuo Mine
- Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration across the three largest islands of Japan
- Shares in Japan Gold Corp. (JG) are down 3.70 per cent, trading at $0.26 per share
Japan Gold (JG) has released a corporate update following a productive 2021.
The company remains well-funded to continue its 2022 Barrick Alliance work programs with an initial US$4 million from its partner Barrick Gold Corporation.
Despite facing challenges brought on by the COVID-19 pandemic, the company has continued to operate successfully without any health and safety issues.
Japan Gold’s team surpassed expectations in terms of volume and quality of work, leading to what the company considers its most productive year to date.
The Barrick Alliance was formed in February 2020, and since then its portfolio has increased by 42 per cent from the initial 29 projects.
Following over a month of workshop preparation including data compilation and analysis, the alliance held an in-person technical workshop in Vancouver in November with representatives from Barrick Gold and Japan Gold.
Joel Holliday, Barrick’s Executive VP of Exploration, said this following the Barrick Alliance workshop:
“The Barrick and Japan Gold teams are excited to see the results from the initial screening programmes begin to highlight the areas for more focussed follow up work which will begin in 2022.”
In 2021, Japan Gold expanded its Kanehana and Buho projects on the island of Hokkaido and commenced a drilling program at the Ryuo Mine on the Ikutahara project.
The company released initial results from drilling at the Ryuo Mine in September.
Since then, an additional 8 holes have been drilled and sent to the laboratory, with results expected in February 2022.
Japan Gold and Barrick Gold will continue to meet in the first two months of 2022 to evaluate the Barrick Alliance portfolio moving forward.
Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu, and Kyushu.
The company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects.
Shares in Japan Gold Corp. (JG) are down 3.70 per cent, trading at $0.26 per share as of 9:30 am EST.