Based in Vancouver, British Columbia, Japan Gold Corp (TSXV: JG) (OTCQB: JGLDF) is excited to announce a strategic partnership with Barrick Gold Corp focused on exploration activities at the Togi, Hakuryu, and Ebino Projects in Japan. The Barrick Alliance has conducted extensive exploration work to identify potential drilling targets within these historic mining districts. Joel Holliday, Executive Vice President of Exploration at Barrick, expressed confidence in the quality of the identified targets, emphasizing their potential for new discoveries. Japan Gold’s President and COO, Mr. Fraser MacCorquodale, highlighted the advantages of leveraging Barrick’s exploration capabilities and looks forward to the upcoming drilling programs.
The Togi Project, situated on the Noto Peninsula, is set to begin its first phase of drilling in September. Historical records of gold mineralization in the area date back to 1896, with significant production reported during the early 20th century. Geological mapping and surveys conducted by the Barrick Alliance have identified promising targets for exploration, particularly in the Akasaka target area.
Moving to the Hakuryu Project on Hokkaido Island, mapping efforts have indicated the presence of high-grade gold veins, including the Hakuryu No. 3 Vein. A comprehensive drone magnetic survey was recently completed to aid in drill targeting, with plans for initial drilling in Q4 2024 pending necessary permits.
Lastly, the Ebino Project in the Southern Kyushu Epithermal Gold Province has uncovered a large epithermal alteration system, indicating the potential for high-grade gold veins at depth. Once all surface program data is evaluated, drilling will commence to further explore these prospects.
Overall, these projects represent significant opportunities for Japan Gold Corp to expand its presence in the Japanese mining sector. The company’s partnership with Barrick Gold Corp demonstrates a commitment to advancing exploration efforts in these promising regions.
