Japan Gold
Primary ticker: TSXV:JG, OTCQB:JGLDF
Stage of development: Exploration
Primary minerals: Gold
Project to promote: 3 Projects in the Barrick Alliance – Togi (Noto Peninsula, Honshu Island); Hakuryu (Hokkaido Island); Ebino (Kyushu Island), Mizobe (Kyushu Island)
Project location: Japan
Website: www.japangold.com
Japan Gold Corp. is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization in one of the most stable and under explored countries in the world. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan and have a track record of discoveries world-wide. Japan Gold has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects with the potential to host Tier 1 or Tier 2 gold ore bodies in Japan. Japan Gold recently completed a 1.5% net smelter return royalty sale to Osisko Gold Royalties. Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corporation.
Major shareholders:
63% Institutional Investors (Equinox Partners Investment 26%)
8% Newmont
26% Public Float
3% Management Ownership
Financials
Management Profile
John Proust, C.Dir. – Chairman & CEO
Mr. Proust is lifelong entrepreneur and has been an active participant in the Canadian capital markets for more than 35 years. An independent businessman, Mr. Proust is a founder, builder, financier, and principal shareholder of numerous public and private resource-based companies. He holds and has held senior operating roles and board positions of public companies on the TSX Venture Exchange (TSXV), Canadian Stock Exchange (CSE), Johannesburg Stock Exchange (JSE), and Alternative Investment Market (AIM). Mr. Proust is currently Chairman & CEO of Japan Gold Corp., Chairman & CEO of Southern Arc Minerals Inc., President, and Director of Lincoln Ventures Ltd., and Director of Rise Gold Corp. Mr. Proust is a graduate of The Directors College, Michael G. De Groote School of Business at McMaster University and holds the designation of Chartered Director (C. Dir.).
What is your rationale for taking part in 121 Mining Investment?
We are looking for investors as well as partnerships and joint ventures
What recent news would you like to highlight to investors attending?
Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) is the first foreign company to hold permitting rights in Japan for mineral exploration, leveraging its first-mover advantage to secure the most comprehensive land package in the most prospective, present and former, gold producing districts in the country. Japan Gold is the first foreign exploration company to focus entirely on gold opportunities in Japan.
With a strategic alliance with Barrick Gold Corp, significant institutional ownership (~60%), and a robust pipeline of drilling programs, Japan Gold is an attractive story in the Canadian mining industry.
Japan Gold’s extensive portfolio of tenements and projects was the basis of the Barrick Alliance and its first-mover advantage secured Newmont Corporation as a significant shareholder, validating our thesis that there are major gold deposits yet to be discovered in Japan.
Barrick Gold solely funded an initial evaluation of the Japan Gold portfolio and selected a number of projects with the potential to host Tier 1 or Tier 2 ore bodies to advance to a second evaluation phase. These include:
1. Togi: Located in the central west part of Honshu Island on the Noto Peninsula, the Togi Project is centred on the historic Togi goldfield. Drilling commenced in September, 2024, at Akasaka targeting strike extensions of the Mori vein along the prospective Mori Fault. The initial drill program confirmed a gold bearing system with significant strike potential.
2. Ebino: The Ebino Project is located within the Hokusatsu Region of the Southern Kyushu Epithermal Gold Province, Japan’s largest gold producing region with a recorded production of over 12 million ounces, including the world-class Hishikari deposit, which has produced approximately 9.4 million ounces since 1985. The Ebino Project is centred on a series of hydrothermal alteration zones located approximately 10km north of the Hishikari deposit. Drilling will commence in the spring of 2025.
3. Hakuryu: The Hakuryu Project is located at the southern end of the 18km long Konomai epithermal gold district. Japan’s third largest past producing gold mine, the Konomai Mine, produced 2.35 million ounces of gold at an average grade of 6.4 g/t, between 1915 and 1973. Within the Hakuryu Project, area mapping has identified an underexplored area of epithermal quartz veins. Work programs in 2024 included a magnetic survey, and four drill holes will be underway in the spring of 2025.
Japan Gold Projects
The Company is also advancing non-Barrick Alliance projects, including drilling and target definition work in the island of Kyushu.
Mizobe: Located 23 km south of the Hishikari Mine, the Mizobe Project has defined an extensive and largely concealed, multi-phase hydrothermal system, with current dimensions of approximately 2.5km by 1.5km, with evidence of multiple alteration and mineralization events. Exploration completed to date includes 7 drillholes for 2,416.2 m and further drilling is planned in 2025.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Initial drilling program of several targets within two projects
What do you think makes your company such a compelling investment?
Japan is a first-world country with a rich history of gold mining and boasts one of the most stable and corruption-free jurisdictions in the world. This largely prospective country is underexplored with modern exploration methods. When the Japan Mining Act was amended in 2012 for the first time allowing foreign mineral companies the ability to hold exploration and mining permits, Japan Gold was first on the ground, selecting project areas with reported gold occurrences and prospective for high-grade epithermal gold mineralization. Japan Gold and its alliance partner, Barrick Gold Corp, have set the stage to undertake the exploration of these high valued projects and unlock the potential for Tier One or Tier Two gold bodies in Japan and we have a partnership with Osisko Gold Royalties.
What are the top 3 key investor takeaways?
1. Advancing drill programs for highest-ranked targets under Barrick Alliance and under Japan Gold 100%-held projects
2. Project generation across portfolio with new search space in highly mineralized jurisdictions where there is potential for future partnerships and joint ventures
3. Depth of Board and management experience with track record of discoveries