Proactiveinvestors USA & Canada Japan Gold https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada Japan Gold RSS feed en Sat, 20 Jul 2019 07:46:55 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Japan Gold gets its hands on prospective Togi Goldfield ]]> https://ca.proactiveinvestors.com/companies/news/224152/japan-gold-gets-its-hands-on-prospective-togi-goldfield-224152.html Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) has again extended its exploration footprint, having acquired a new gold project, it revealed on Thursday.

The relevant Japanese government department has accepted its application for 15 new prospecting areas, covering 3,990 hectares on the Noto Peninsula region of Honshu Island.

This covers a 7km long zone of alteration and historic gold mining known as the Togi Goldfield.

This is the site of historic mine workings, which produced 48,000 oz (ounces) of gold between 1910 and 1921, including 16,500 ounces at 14 g/t (grams per ton) of gold, the firm said.

"The Togi Goldfield represents another highly prospective yet under-explored area in Japan," said John Proust, chairman and CEO of Japan Gold.

"The scale of the alteration corridor, shallow workings along it, and evidence of preservation of the epithermal system from sinter exposures are very encouraging. Japan Gold looks forward to advancing the Togi Project along with the rest of its regionally diverse portfolio."

READ: Japan Gold gains ground in the Land of the Rising Sun

Gold mineralization was first discovered in the Togi area in 1896 and deposits mined in the area are divided into the Hirochi deposits in the northeast and Urugami deposits in the southwest

The Mori vein from the Hirochi group produced 16,500 ounces of gold at an average grade of 14 g/t. The vein is reported to be up to four metres wide, with gold values ranging between 8 and 20 g/t gold.

Records show that mineralisation at lower mine levels are open at depth with average grades of 8.12 g/t gold and 56.9 g/t silver.

Meanwhile, the Togo Mine, the largest within the Urugami area, generated more than 18,000 ounces of gold and 83,000 oz of silver from stockwork vein and breccia zones.

Thirteen gold projects

The firm has 13 gold projects (on the three largest islands of Japan--Hokkaido, Honshu and Kyushu), which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal mineralization.

It also has five lithocap projects which could indicate the presence of porphyry mineralization.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 18 Jul 2019 09:18:00 -0400 https://ca.proactiveinvestors.com/companies/news/224152/japan-gold-gets-its-hands-on-prospective-togi-goldfield-224152.html
<![CDATA[News - Japan Gold gains ground in the Land of the Rising Sun ]]> https://ca.proactiveinvestors.com/companies/news/223762/japan-gold-gains-ground-in-the-land-of-the-rising-sun-223762.html Japan Gold Corp (CVE:JG) is expanding its asset base in the Land of the Rising Sun with four additional prospecting licenses that extend the northern boundary of the Ikutahara project.

The new licenses cover nearly 1,400 hectares to the north near historic workings at the Toge Hill, Asada Ridge and Akebono prospects and cover potential extensions to the prospects at the northern end of the Kitano-o gold district.

Kitano-o includes four historic gold mines and workings over a six- by three-kilometre area.

READ: Japan Gold kicks off its 2019 drill programs with Ohra-Takamine Project in Kyushu

"The discovery of the Toge and Asada prospects has significantly expanded the Kitano-o Gold District mineralization further to the north,” said CEO John Proust.

“The acceptance of the four new prospecting rights applications gives us confidence that we have covered all prospective ground in the area.”

In 2018, two new areas of significant quartz veining were identified at the Toge Hill and Asada Ridge prospects, extending Kitano-o to the north. Further drilling at the targets will test unconformity targets similar to those that host the Hishikari mine in Kyushu, Japan Gold said in a statement.

“This year, more detailed work is planned for the Toge and Asada prospects and will include soil sampling and possibly CSAMT geophysical techniques, if warranted, to further enhance drill targeting,” the company told investors in a release.

The Akebono prospect is located one kilometre along strike to the northeast of Toge and Asada and hosts high-grade gold sampled in underground workings including a 1.2-meter wide vein interval of 446 grams per ton gold and 376 grams per ton silver.

Japan Gold is also planning a 3,000 metre scout drilling program at Kitano-o later this month. The drill program is designed to target boiling zones in veins beneath the extensive eluvial surface workings.

Shares nudged up nearly 2% in Toronto to $0.26.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 11 Jul 2019 09:25:00 -0400 https://ca.proactiveinvestors.com/companies/news/223762/japan-gold-gains-ground-in-the-land-of-the-rising-sun-223762.html
<![CDATA[Media files - Japan Gold Corp starts drilling program at Ohra-Takamine project in Kyushu ]]> https://ca.proactiveinvestors.com/companies/stocktube/13910/japan-gold-corp-starts-drilling-program-at-ohra-takamine-project-in-kyushu-13910.html Thu, 27 Jun 2019 14:23:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/13910/japan-gold-corp-starts-drilling-program-at-ohra-takamine-project-in-kyushu-13910.html <![CDATA[News - Japan Gold kicks off its 2019 drill programs with Ohra-Takamine Project in Kyushu ]]> https://ca.proactiveinvestors.com/companies/news/222872/japan-gold-kicks-off-its-2019-drill-programs-with-ohra-takamine-project-in-kyushu-222872.html Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) has started the first of its 2019 drilling programs on one of the large islands of Japan.

The phase 1 scout drilling program at Kyushu island will consist of an initial four holes, or around 2,100 meters, following approval by the relevant government authority.

This initial phase is expected to continue for around three months, with results being released as available.

READ: Japan Gold expects to start drilling promising exploration targets very soon

"We are very pleased to commence the first of our 2019 drilling programs in the Southern Kyushu Epithermal Gold Province, the same province which hosts several other significant historic high-grade gold mines including the currently producing Hishikari Gold Mine, owned by Sumitomo Metal Mining Co. Ltd," John Proust, chief executive at Japan Gold told investors.

"We also look forward to shortly announcing commencement of our second 2019 drill program in North Hokkaido, which will be targeting vein zones below the historic Kitano-o Gold Mine at our Ikutahara project."

Open-ended corridor

The drilling announced today will test an open-ended, 3.5 km corridor, which is host to three historic gold mines, the Ohra, Takamine and Urushi mines, which were in production until the government-imposed closure in 1943.

"Drilling will target extensions and parallel vein shoots below and along strike of shallowly developed mine workings and also further along the alteration corridor. Diamond core-drilling will be carried out from surface by a company-owned PMC 700 drill rig capable of drilling to depths of up to 700 meters," the firm said.

The firm has 12 gold projects (on the three largest islands of Japan -  Hokkaido, Honshu and Kyushu), which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal mineralization.

It also has five lithocap projects which could indicate the presence of porphyry mineralization.

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Wed, 26 Jun 2019 09:56:00 -0400 https://ca.proactiveinvestors.com/companies/news/222872/japan-gold-kicks-off-its-2019-drill-programs-with-ohra-takamine-project-in-kyushu-222872.html
<![CDATA[News - Japan Gold expects to start drilling promising exploration targets very soon ]]> https://ca.proactiveinvestors.com/companies/news/221312/japan-gold-expects-to-start-drilling-promising-exploration-targets-very-soon-221312.html Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) updated shareholders on Friday about progress at its precious metals project in Japan, where drill preparations are nearing completion.

Four drill rigs are in place and ready to mobilize near the company’s project exploration bases in Hokkaido and Kyushu, where Japan Gold is planning a cumulative 5,100 metre program on two prospective targets.

Shares of Japan Gold rose 6% in Toronto to C$0.27 by, up 4.7% at US$0.20 in New York by Friday's close. 

READ: Japan Gold continues to push its gold projects in Japan forward

At the Ohra-Takamine project on the island of Kyushu, the Vancouver-based explorer will drill 2,100 metres under and along strike of three historic mines located on the property. Drilling is expected to commence in June.

On Hokkaido island, drilling is anticipated to begin in July at the Ikutahara project and focus on the Kitano-o prospect. Japan Gold is planning a 3,000 metre drill program on the target.

The Japanese Ministry of Economy, Trade and Industry is currently processing drill permits for the Ikutahara and Ohra-Takamine targets.

According to Japan Gold, the scale of the drill program and required permitting at Ikutahara are largely unprecedented in protected forest and have entailed comprehensive procedures, accounting for the lengthy permitting process.

"The company is well positioned to execute its drilling program in Hokkaido and Kyushu this summer,” said Japan Gold’s CEO, John Proust. “The extensive permitting process required for approval of drilling activity in protected forest has been a valuable experience for the company and bodes well for future activities."

READ: Japan Gold has a first-mover advantage when it comes to gold exploration in Japan

Additional drill locations at both projects are being permitted concurrently so that immediate follow-up drilling can take place pending assay results.

Permitting for 3,650 metres of drilling at the Ryuo Prospect in the Ikutahara Project will also be progressed during the first half of 2019, Japan Gold said in a statement.

Drilling will be a cooperative effort between the Japanese company Welltech LLC and Japan Gold’s team of international drillers.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Fri, 31 May 2019 09:13:00 -0400 https://ca.proactiveinvestors.com/companies/news/221312/japan-gold-expects-to-start-drilling-promising-exploration-targets-very-soon-221312.html
<![CDATA[News - Japan Gold continues to push its gold projects in Japan forward ]]> https://ca.proactiveinvestors.com/companies/news/219413/japan-gold-continues-to-push-its-gold-projects-in-japan-forward-219413.html In the case of Japan Gold (CVE:JG) (OTCMKTS:JGLDF), the saying "the early bird gets the worm" is apt. The company was the first exploration company permitted to operate in Japan, with its roots stretching back to 2013.

Today, Japan Gold’s exploration licenses and applications cover more than 40 historically producing mines and workings. The company holds 17 projects, for a combined area of 715.29 sq km across the three largest islands of Japan: Hokkaido, Honshu and Kyushu.

The company is kicking off a 2019 drill program shortly and the upcoming drill campaign is the culmination of a lot of hard work. Three rigs will focus on the Ikutahara project where an initial 3,000 metre drilling program. Another rig will operate at its Kyushu projects with a 2,100-metre program will start in June.

Proactive spoke with CEO John Proust to get the latest on the company's achievements to-date and what investors can look forward to coming up.

Why did you choose Japan? What initially attracted you and why is Japan a good place to explore?

Japan hosts 76 known past-producing gold mines. All these gold mines were shut down in 1943 as part of a moratorium that was implemented by the government in light of World War II. Following that, there was a short period of small-scale production in the 1960s and 1970s and since then, production has been limited to a handful of mines including the Hishikari mine which still produces today and is one of the world’s highest-grade gold mines. The Hishikari mine has produced over 7.6 million ounces of gold between 1985 and 2018 at an average grade of 30 to 40 grams per tonne gold and it is currently the only active gold mine in Japan.

READ: Japan Gold has a first-mover advantage when it comes to gold exploration in Japan

Despite being one of the most safe and corruption-free jurisdictions in the world, there has been very little gold exploration in Japan since WWII. When the Japan Mining Act was amended in 2012 allowing foreign mineral companies the ability to hold exploration and mining permits, Japan Gold was the first company to seize this opportunity.

You have a drill program kicking off. What’s happening over the next few months for Japan Gold and how does set up the activity later in 2019?

We are embarking on an aggressive 2019 exploration program, a large component of which will be drilling for high-grade gold mineralization on two highly ranked targets in northern Hokkaido and southern Kyushu.

A 3,000 m Phase 1 scout drilling program at the Ikutahara Project will target vein structures along the central and western portions of the 3 km long east-west trending Kitano-o Mine workings. A series of drill holes are planned to test across the inferred vein corridor, where numerous narrow gold-bearing quartz veins are recorded immediately below surface-workings and cutting into the sinter horizon/paleo-surface.

A 2,100 m Phase 1 scout drilling program at the Ohra-Takamine Project is planned to test along the 3.5 km of strike which hosts the historic Ohra, Takamine and Urushi Gold Mines.

We also look forward to developing new drill targets at Aibetsu, Hakuryu and Sanru. All of these opportunities are particularly unique based on a lack of modern-exploration carried out in these historic mining districts.

We’re interested to know about your top projects and why you chose them as the focus of your exploration.

The Ikutahara Project is the company’s most advanced project and comprises 56 prospecting rights applications. Japan’s third-largest gold mine, Konamai, which operated between 1917-1974, is located along the same geological trend 20km northwest of the Ikutahara project. The most significant historic gold production in our Ikutahara project came from the Kitano-o Mine (1924-43), reported to have produced 96,450 ounces at a grade of 5.9 grams per tonne gold, largely from the mining of gold-bearing eluvium, associated with sinter deposits and sub-sinter epithermal veins.

The historic Kitano-o gold district comprises four known historic eluvial and hard rock gold mines and workings: Kitano-o, Ikutahara, Showa and Sakinzawa over an approximate six by 2.5 km area.

The Ohra-Takamine project lies within the Hokusatsu-Kushikino mining district, 7.5km to the southwest of the historic Yamagano mine, which produced 910,000 ounces of gold at a grade of 17.4 grams per tonne. Within the property, historical production included the Ohra (27,000 ounces gold), Takamine-Urushi (13,000 ounces of gold) and Takamine (1,600 ounces of gold) mines. Vein number two of the Takamine-Urushi mine was reported to carry gold grades between 50-100 grams per tonne gold.

Another notable gold producer within the district is the Hishikari mine, with 7.6 million ounces produced to-date at average grades of 30 to 40 grams per tonne gold. 

Due to the high prospectivity of the district, known auriferous low sulfidation epithermal vein mineralization both within and peripheral to the property and basically intact fossil geothermal systems, we believe this area is worthy of detailed exploration.

What have I missed? Anything you’d like to highlight?

Drilling equipment and personnel with relevant experience in drilling epithermal vein targets are in short supply in Japan because of the lack of exploration in recent years and the focus of the Japanese drilling industry is on geothermal drilling.

We've acquired our own drill rigs and experienced supporting personnel to satisfy our requirements for independence and flexibility. We currently have four drill rigs in country and 18 experienced expatriate drilling personnel to assist with the drilling programs.

--Responses have been edited for length and clarity--

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 30 Apr 2019 17:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/219413/japan-gold-continues-to-push-its-gold-projects-in-japan-forward-219413.html
<![CDATA[Media files - Japan Gold Corp preparing to pick new partner for copper projects in Japan ]]> https://ca.proactiveinvestors.com/companies/stocktube/12920/japan-gold-corp-preparing-to-pick-new-partner-for-copper-projects-in-japan-12920.html Mon, 08 Apr 2019 14:40:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/12920/japan-gold-corp-preparing-to-pick-new-partner-for-copper-projects-in-japan-12920.html <![CDATA[News - Japan Gold announces discontinuation of First Quantum option agreement for lithocap projects ]]> https://ca.proactiveinvestors.com/companies/news/218082/japan-gold-announces-discontinuation-of-first-quantum-option-agreement-for-lithocap-projects-218082.html Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) reported Friday that First Quantum Minerals Ltd (FQML) has decided not to enter into a formal earn-in agreement with Japan Gold after it completed an initial evaluation of four lithocap projects: Eboshi, Kobui, Minamikayabe, and Kamitsue. 

"We thank FQML for the work completed on the lithocap projects and appreciate their positive endorsement of the technical and logistical skills of the Japan Gold team as operators of their program," said CEO John Proust in a statement. "Despite the fact that their initial exploration findings did not fit their target criteria, Japan Gold believes in the potential of the projects and will promptly explore alternate partnerships to advance the Eboshi, Kobui, and Kamitsue lithocap projects.

Japan Gold is a Canadian mineral exploration company, that holds 17 projects in Japan, for a combined area of 715.29 sq km across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. Japan Gold is currently gearing up for its 2019 drilling program, which is kicking off in May.

WATCH: Japan Gold Corp was first in the country and now preparing their initial drill program

According to the company, FQML indicated that the projects did not fit their target criteria, which, in the case of Kamitsue, identified a higher weighting towards gold rather than copper.

Japan Gold said it was encouraged by the data generated by FQML and says it believes that three of the projects (Eboshi, Kobui and Kamitsue) warrant further investigation, including geophysics and drilling. 

READ: Japan Gold has a first-mover advantage when it comes to gold exploration in Japan

"As a nation-wide project generator, Japan Gold's portfolio includes both early stage and intermediate stage projects, such as our twelve low-sulfidation epithermal gold projects, which all sit within historic mining districts. Our objective is to evaluate existing and future early stage prospects with non-dilutive partnerships, where strategically advantageous," added Proust. "Separately, our 2019 gold exploration program is proceeding with drill programs to commence in May at the Ikutahara Project and in June at the Ohra-Takamine Project."

Shares of Japan Gold were at C$0.19 on Friday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Fri, 05 Apr 2019 14:34:00 -0400 https://ca.proactiveinvestors.com/companies/news/218082/japan-gold-announces-discontinuation-of-first-quantum-option-agreement-for-lithocap-projects-218082.html
<![CDATA[News - Japan Gold has a first-mover advantage when it comes to gold exploration in Japan ]]> https://ca.proactiveinvestors.com/companies/news/216873/japan-gold-has-a-first-mover-advantage-when-it-comes-to-gold-exploration-in-japan-216873.html Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF) is a Canadian mineral exploration company with gold projects in Japan. The company holds 17 projects, for a combined area of 715.29 sq km across the three largest islands of Japan: Hokkaido, Honshu and Kyushu.

Twelve of the 17 projects are focused on targeting high-grade gold mineralization that lie in historic mining districts. Goldcorp Inc (TSE:G) holds a 19.9% strategic investment in the company and with a focus on two projects, which will be drilled in 2019. Japan Gold also holds five lithocap projects targeting copper-gold mineralisation, as part of an strategic alliance with First Quantum Minerals Ltd (TSE:FM). 

READ: Japan Gold shares power higher ahead of 2019 drill program

In the case of Japan Gold, the saying "the early bird gets the worm" is apt. The company was the first exploration company permitted to operate in Japan, with its roots stretching back to 2013. 

In 2012, the Japan Mining Act was amended in a significant way: allowing foreign mining companies the ability to hold exploration and mining permits. Andrew Rowe, Japan Gold's vice president exploration, moved quickly to review historic data and identify new exploration targets. The company formed a subsidiary in December 2013.

Japan Gold is operating in a stable and corrupt-free jurisdiction with an established regulatory framework and is advancing its projects in areas of underexplored terrain with known mineralization and limited competition. 

Today, Japan Gold’s exploration licenses and applications cover more than 40 historically producing mines and workings.

How is it doing?

Japan Gold is gearing up for its 2019 drilling program, which is kicking off in May. In March, the company expanded its operational drilling capabilities by moving a fourth rig into the country this week.

The company has also bolstered its team, adding six additional expatriate drilling personnel to support its Kyushu-based operations. Welltech LLC, an established Japanese drilling service company, is managing the drill program.

Three rigs will focus on the Ikutahara project where an initial 3,000 metre drilling program is scheduled to start in May. The most recent rig will operate at its Kyushu projects with a 2,100-metre program will start in June.

"This fourth drill rig and the additional experienced drilling personnel are significant steps towards accelerating the company's projects in Kyushu and Hokkaido,” said CEO John Proust. 

Japan Gold also has its eyes set on pushing forward a number of other projects, including continuing detailed prospect work and pushing compelling drill targets to the permitting phase at its Aibetsu Project. 

At its Hakuryu and Sanru Projects, it plans to complete mapping and geochemical surface sampling to identify drilling targets. 

Financing robust

The company has completed several financing rounds, notably its December 2018 C$6.65 million strategic financing with Goldcorp Inc., RCF Opportunities Fund LP, and two Japanese funds managed by a global investment manager.

Japan Gold has 'first-mover advantage' in country says CEO

Japan Gold has spent years getting to this point, and says the upcoming drill campaign is the culmination of a lot of hard work.

"We've been in Japan sinze 2012. We've done a lot of legwork to get to where we are now. We've built this portfolio and this group and now we're actually going to hit a card and we're going to be using the drill as the ultimate tool for exploring and identifying the new resources in Japan," says Proust. "We're very excited about this."

Contact Katie Lewis at katie@proactiveinvestors.com

Follow her on Twitter @kelewis

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Wed, 20 Mar 2019 11:24:00 -0400 https://ca.proactiveinvestors.com/companies/news/216873/japan-gold-has-a-first-mover-advantage-when-it-comes-to-gold-exploration-in-japan-216873.html
<![CDATA[News - Japan Gold shares power higher ahead of 2019 drill program ]]> https://ca.proactiveinvestors.com/companies/news/216787/japan-gold-shares-power-higher-ahead-of-2019-drill-program-216787.html Japan Gold Corp (CVE:JG) (OTCMKTS:JGLDF), a Canadian mineral exploration company with gold projects in Japan, expanded its operational drilling capabilities by moving a fourth rig into the country this week.

In a statement on Tuesday, it also announced that the company added six additional expatriate drilling personnel to support Kyushu-based operations. Welltech LLC, a long-established Japanese drilling service company, is managing the drill program.

Three of the company’s rigs already in the country will focus on the Ikutahara Project. where an initial 3,000 metre drilling program is scheduled to start in May. The new rig will operate at its Kyushu projects with a 2,100 metre program will start in June.

"This fourth drill rig and the additional experienced drilling personnel are significant steps towards accelerating the Company's projects in Kyushu and Hokkaido,” CEO John Proust said in a statement.

Shares of the company powered higher in Tuesday trading, up about 17% to $0.37 in Canada and to $0.28 in the US.

First mover advantage

The Canadian junior is the first foreign exploration company permitted to operate in the Asian country.

“Japan has strict mining regulations for foreign companies,” John Proust said in a recent interview with Proactive Investors. “We had to demonstrate that we had the technological and financial expertise, as well as the reputation.”

READ: Japan Gold Corp was first in the country and now preparing their initial drill program

In 2012, the Japanese government made changes to its mining law in order to reactivate the industry. Andrew Rowe, Japan Gold's vice president exploration, moved quickly to review historic data and identify new exploration targets. The company formed a subsidiary in December 2013.

Although considered one of the most stable political jurisdictions in the world, Japan has never been considered a mining powerhouse. That said, Sumitomo’s Hishikari mine is one of the world’s richest gold mines and produced 7.6 million ounces of 30-40 grams per ton gold to date.

Japan Gold’s portfolio consists of 17 projects covering nearly 72,000 hectares over the country’s three largest islands of Hokkaido, Honshu, and Kyushu.

--Contact Angela Harmantas at angela@proactiveinvestors.com

--Follow her on Twitter @AHarmantas

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Tue, 19 Mar 2019 16:05:00 -0400 https://ca.proactiveinvestors.com/companies/news/216787/japan-gold-shares-power-higher-ahead-of-2019-drill-program-216787.html
<![CDATA[Media files - Japan Gold Corp was first in the country and now preparing their initial drill program ]]> https://ca.proactiveinvestors.com/companies/stocktube/12644/japan-gold-corp-was-first-in-the-country-and-now-preparing-their-initial-drill-program-12644.html Tue, 19 Mar 2019 11:35:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/12644/japan-gold-corp-was-first-in-the-country-and-now-preparing-their-initial-drill-program-12644.html <![CDATA[Media files - Japan Gold Corp has strong projects, strong partners, and a packed 2019 ]]> https://ca.proactiveinvestors.com/companies/stocktube/12404/japan-gold-corp-has-strong-projects-strong-partners-and-a-packed-2019-12404.html Fri, 01 Mar 2019 09:10:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/12404/japan-gold-corp-has-strong-projects-strong-partners-and-a-packed-2019-12404.html <![CDATA[News - Japan Gold Corp embarks on ‘aggressive’ 2019 exploration program; shares rise ]]> https://ca.proactiveinvestors.com/companies/news/215354/japan-gold-corp-embarks-on-aggressive-2019-exploration-program-shares-rise-215354.html Japan Gold Corp (CVE:JG) released promising news Tuesday with an update on its proposed exploration activities for the first half of 2019, including plans to advance five gold projects. The company said it also had plans to complete an evaluation of four lithocap projects by the end of June, as part of a strategic alliance with First Quantum Minerals Ltd (TSE:FM). 

Shares of Japan Gold jumped 2.1% at C$0.25 on Tuesday.  The Vancouver-based mineral exploration company is focused solely on gold and copper-gold exploration in Japan.

"We are pleased to embark on an aggressive 2019 exploration program, a large component of which will be drilling for high-grade gold mineralization on two highly ranked targets in northern Hokkaido and southern Kyushu," said Chairman and CEO John Proust in a statement. "We also look forward to developing new drill targets at Aibetsu, Hakuryu and Sanru. All of these opportunities are particularly unique based on a lack of modern exploration carried out in these historic mining districts."

WATCH: Japan Gold breaking new ground with big projects and big financing to go with it

The company holds 17 projects, for a combined area of 715.29 sq/km across the three largest islands of Japan: Hokkaido, Honshu and Kyushu.

The company said drill permit applications for 11,400 metres are currently being finalized.

Ikutahara project looks bright

At the Ikutahara project, a 3,000-metre drill program will comment in May 2019 at the Kitano-o prospect with an aim to target vein structures that lie along the central and western parts of the 3-km-long Kitano-o gold mine. A series of test drill holes are planned and will seek to target broader vein structures. 

The Kitano-o gold district is located in the center of the company’s Ikutahara project in North Hokkaido, Japan. 

The company said permitting for the Kitano-o scout drill program has already advanced and the company is planning to prepare for drilling in April and start drilling in May. Permitting for the Ryuo prospect scout drilling will also be advanced in the first half of 2019.

Other prospects also compelling

At the Ohra-Takamine project, a 2,100-metre phase 1 drill program is planned. According to the company, the permitting process well underway, with plans to have a drill rig operating in June. The project hosts the historic Ohra, Takamine and Urushi gold mines.

At the Aibetsu project, Japan Gold will investigate previously-highlighted anomalies scout for drilling locations, close to the historic Tokusei mine. The company said it will also review examine anomalies south of the Tokusei mine and stream anomalies highlighted by the Metal Mining Agency of Japan on the eastern side of the project.

At the Hakuryu project, exploration will include mapping and surface sampling at the previously mined Konomai mine. At the Sanru project, gold and rock chip sampling is expected, followed by an investigation of other historical workings and drill targets will be identified for 2020. 

Proust said that the Japan prospects are validated by the company's strategic alliance and strategic investors, with the focus now on making discoveries. 

Lithocap projects largely completed

The company also provided an update on its Lithocap projects, located on the islands of Hokkaido, Honshu and Kyushu.

The four gold and copper-gold exploration targets (Eboshi, Kobui, Minamikayabe, Kamitsue) are being developed as part of a strategic alliance with First Quantum Minerals.

Fieldwork, mapping, soil and rock sampling was largely completed by January 2019, and results are now being reviewed. First Quantum Minerals will decide shortly which projects will need other survey methods to better define drill targets. 

-- updates share price --

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 26 Feb 2019 12:11:00 -0500 https://ca.proactiveinvestors.com/companies/news/215354/japan-gold-corp-embarks-on-aggressive-2019-exploration-program-shares-rise-215354.html
<![CDATA[Media files - Japan Gold breaking new ground with big projects and big financing to go with it ]]> https://ca.proactiveinvestors.com/companies/stocktube/11934/japan-gold-breaking-new-ground-with-big-projects-and-big-financing-to-go-with-it-11934.html Mon, 21 Jan 2019 19:36:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11934/japan-gold-breaking-new-ground-with-big-projects-and-big-financing-to-go-with-it-11934.html