Japan Gold

Website: www.japangold.com
Primary ticker: TSXV:JG; OTCQB:JGLDF
Stage of development: Exploration
Commodity: Gold
Project to promote: /
Project location: Japan
Company presentation: Click here

Live financials

Cash: Nil
Debt: Nil

Major shareholders:
Newmont Corporation – 16%
RCF Opportunities Fund L.P – 9%
Japanese Funds – 7%
Donald Smith Value Fund, L.P. – 7%
Libra Advisors LLC – 3.4%
Management Ownership – 26%

Japan Gold Corp. (TSX-V: JG) (OTCQB: JGLDF) is a Canadian mineral exploration company leveraging its first-mover advantage as the first foreign exploration company to focus entirely on gold opportunities in Japan. The Company holds a portfolio of 24 Gold Projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold’s leadership team has decades of resource industry and business experience, and the Company has recruited geologists and technical advisors with experience exploring and operating in Japan.

Management Profile

John Proust, Chairman & CEO

John Proust has successfully founded and managed a number of resource companies. Mr. Proust has served on the boards and held senior operating positions, and has directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions and corporate restructuring since 1986. Mr. Proust is currently Chairman and CEO of Southern Arc Minerals Inc., Chairman and a director of Rise Gold Corp. Mr. Proust has extensive experience in corporate governance, is a graduate of The Directors College, Michael G. De Groote School of Business at McMaster University and holds the designation of Chartered Director.


What is your rationale for attending 121 Mining Investment?

Having recently announced a country-wide alliance with Barrick Gold Corp. and increased its portfolio from 12 to 30 gold projects, Japan Gold is looking forward to introducing the Company and Japan’s under explored gold potential to new investors as well as updating the market on recent developments.


What recent news would you like to highlight to investors attending?

February 24, 2020: Japan Gold Announces Country-Wide Alliance with Barrick Gold Corporation & Acquires Six New Projects in the Southern Kyushu Epithermal Gold Province
— Japan Gold now holds a dominant position in the vicinity of Sumitomo’s Hishikari Mine which produced 7.8 million ounces to date at average grades of 30-40 g/t Au

What are your key goals for the next 3, 6 and 12 months?

12 Months:

Over the course of the next 12 months, we plan to complete large scale, regional programs under the Japan Gold/Barrick Alliance which will include geochemical (BLEG) stream sediment analysis and geophysical analysis over the 28 projects included in the Alliance. These programs are guided by the Japan Gold/Barrick Alliance Technical Committee.

In addition, we plan to fully evaluate and drill permit 3 prospects on the 2 projects excluded from the Barrick Alliance. Newmont Corporation has a joint venture right of first refusal on these two projects. Japan Gold plans to complete drill programs on at least 2 of these prospects over the next 12 months. These programs are guided by the Japan Gold/Newmont Technical Committee.


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Risks of permit timing. We have created an internal permitting group, well acquainted with the Japanese permitting system, who has been successful in obtaining permits for Japan Gold in the past.

There are operational risks related to the procurement of services, equipment and manpower. To manage these risks, Japan Gold has built its own Operational team fully capable of generating and advancing the Japan Gold projects.

In addition, the company has acquired diamond core drill rigs and has brought expert support personnel into the country to support our drilling programs. This allows the company to define its own operating schedule while keeping costs at a globally competitive level.


What do you think makes your company such a compelling investment?

— First mover advantage to secure the most prospective project areas including 30 gold projects currently held throughout Japan
— Operating in a stable and corruption-free jurisdiction with an established regulatory framework
— Advancing projects in areas of underexplored terrain with known mineralization
— Strategic Alliance with Barrick Gold Corporation on 28 projects
— Japan Gold independently advancing 2 projects

Analyst Insight – provided by Independent Investment Research

Japan Gold is a TSX-listed company that is the first foreign mineral exploration company to focus solely on Japan, with the objective of rapidly advancing projects to unlock the potential of Japan’s mineral resource.

The Tertiary volcanic arc terrains of Japan host 76 known past producing gold mines, including five +1 million ounce gold deposits. The main Japan islands of Hokkaido, Honshu and Kyushu have at least six distinct epithermal gold provinces hosting greater than 70 historically producing gold mines, including five +1 million ounce deposits.

Still in production today, the Hishikari mine on the island of Kyushu is one of the world’s highest-grade gold mines, and has produced in excess of 7.6 million ounces of gold between 1985-2018 at average gold grades of 30-40 g/t. In excess of 1.7 million ounces of gold have been produced historically from epithermal gold mines in the Middle Kyushu Province.

The company holds a portfolio of 24 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization, and one project which is prospective for gold-rich porphyry mineralisation.

The projects cover areas with known gold occurrences and a history of mining, and are prospective for both high-grade epithermal gold mineralization and gold-bearing lithocaps which could indicate the presence of porphyry mineralization.

Japan Gold’s exploration licenses and applications cover at least 42 historically producing mines and workings. Japan Gold’s leadership team has decades of resource industry and business experience, and the company has recruited geologists and technical advisors with experience exploring and operating in Japan.