Japan Gold
Primary ticker: TSXV:JG, OTCQB:JGLDF
Stage of development: Exploration
Primary minerals: Gold
Project to promote: 35 Projects
Project location: Japan
Website: www.japangold.com
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. The Company holds a portfolio of 35 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 represent decades of resource industry and business experience, and the Company has recruited geologists, drillers and technical advisors with experience exploring and operating in Japan and have a track record of discoveries world-wide.
Major shareholders:
Institutional Investors – 60%
Newmont – 9%
Public Float – 25%
Management Ownership – 6%
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 30 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 recent news would you like to highlight to investors attending?
Japan Gold’s extensive portfolio of 35 Gold Projects covering approx. 3,000 km2 was the basis of the Barrick Gold Country-Wide Alliance and our 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.
The Japan Gold Barrick Alliance was formed in February 2020 and the Barrick Alliance portfolio increased 42% since its formation to cover more prospective ground. Barrick solely funded an initial evaluation of 29 projects from 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.
The Mizobe Project in the island of Kyushu was the most active of the Barrick Alliance projects in 2023, with seven drill holes completed totaling 2,416.2 meters of drill core and defined an extensive largely concealed, multi-phase hydrothermal system, with current dimensions of approximately 2.5 by 1.5 kilometers, with evidence of multiple alteration and mineralization events. Banded quartz veins were observed in the drill core, which are typical of high-grade epithermal deposits of the district, including the world-class Hishikari deposit, located 20 kilometers to the north. Continued activities at Mizobe will include a detailed ground magnetics survey to assist in mapping alteration and host rocks toward the definition of gold-fertile structures for the next round of drill targeting. The Barrick Alliance will continue to advance and prioritize work programs in 2024 to drill the highest ranked targets.
With the thorough evaluations completed by the Barrick Alliance, the Company now holds a comprehensive and unique data set on Japan’s epithermal-gold districts and is well-positioned to advance areas of high-prospectivity. 2023 exploration programs yielded strong results and provided direction and priorities for further evaluation in 2024.
In addition to advancing the Barrick Alliance projects, Japan Gold is also developing the Ikutahara Project in the northern island of Hokkaido and the Ohra-Takamine Project in the southern island of Kyushu.
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.
What are the top 3 key investor takeaways?
1. Portfolio of 35 gold projects with known gold occurrences, prospective for high-grade epithermal gold mineralization
2. Advancing drill programs for highest-ranked targets in 2024 under Barrick Alliance
3. Depth of Board and management experience with track record of discoveries