• Japan Gold (JG) is wrapping up its first year of exploration under a new alliance with TSX-listed mining giant Barrick Gold (ABX)
  • To-date, geochemical sampling has been competed at 20 of the 30 alliance projects, which includes recent studies at 10 of the 11 Hokkaido projects
  • In related news, the company recently acquired three mining rights that collectively encompass the Kowa project, which has since been incorporated into the alliance
  • It seems investors have responded well to the first year of the alliance, with Japan Gold shares currently up 25 per cent on their price in January
  • Japan Gold (JG) is holding steady at C$0.34 per share

Japan Gold (JG) is wrapping up its first year of exploration under a new alliance with TSX-listed mining giant Barrick Gold (ABX).

Japan Gold first revealed the planned alliance with Barrick back in Febuary this year. The news triggered a share price rally which sent Japan Gold TSXV-listed shares up almost 50 per cent.

To-date, geochemical sampling has been competed at 20 of the 30 alliance projects, which includes recent studies at 10 of the 11 Hokkaido projects.

Earlier this month, the company acquired three mining rights that collectively encompass the Kowa project, which has since been incorporated into the alliance.

Looking forward, the company will spend the next two weeks in in Southern Kyushu sampling the Ebino and Tovaru-Fuke extension projects, before a scheduled break over the holiday period.

John Proust, Chairman & CEO of Japan gold, said the alliance with Barrick, and the resulting activities to-date, are a testament to the dedication and commitment of the companies’ personnel and subcontractors over the past nine months.

“This has led to the significant amount of work that has been completed to date on the Barrick Alliance expanded project portfolio. As results of the geophysical and geochemical programs are received, we expect to identify new highly prospective areas in the major gold provinces of Japan,” he added.

Turning back to the company’s recent market performance, it seems investors have responded well to alliance this year, with shares currently up 25 per cent on their price in January.

Japan Gold (JG) is holding steady at C$0.34 per share at 11:33am EST.

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