Japan Gold/Barrick Alliance Commences Large Regional Program
NEWS RELEASE
Japan Gold/Barrick Alliance Commences Large Regional Program
Vancouver, British Colum bia- May 19, 2020 - Japan Gold Corp. (the “Company”) (TSXV:JG)
(OTCQB:JGLDF) announced on February 24, 2020 the formation of a Country-wide Alliance with
Barrick Gold Corporation (“Barrick”) (TSX:ABX) (NYSE:GOLD) (the “Barrick Alliance”) to jointly
explore, develop and mine certain gold mineral properties and mining projects in Japan , covering the
entire country, including 28 out of 30 projects currently held by the Company (the “Barrick Alliance
Projects”).
The Barrick Alliance has formed two committee s to lead the country-wide evaluation . The Executive
Committee will be chaired by Robert Krcmarov, Barrick Executive Vice President, Exploration and
Growth, and includes Barrick representatives Woo Lee, Senior Vice President, Head of Corporate
Affairs, Asia-Pacific and Joe Holliday, SVP Global Exploration with Japan Gold representatives John
Proust, Chairman and CEO and Mitsuhiko Yamada, Director. The Technical Committee includes
Barrick representatives Joe Holliday , Marian Moroney, Barrick Vice-President, New Exploration
Opportunities and Andrew Allibone, Barrick Technical Consultant with Japan Gold representatives
Andrew Rowe, Vice President Exploration, Japan Country Manager, Takashi Kuryiama, General
Manager, Exploration, and Paul Harbidge, member of the Board of Advisors.
Japan Gold is pleased to announce the commencement of a large Barrick Alliance regional exploration
program. The regional program will include sampling of stream sediment s for bulk leach extractable
gold (“BLEG”), and multi-element pathfinder analysis along with gravity surveys over the 1,521 square
kilometers covered by the Barrick Alliance Projects on the islands of Kyushu, Honshu and Hokkaido.
The program will progress from the south to the north of Japan and is anticipated to be completed within
one year with Japan Gold acting as the Operator.
John Proust, Chairman and CEO commented, “The regional exploration program will assist the Barrick
Alliance in evaluating the Japan Gold portfolio of p rojects to determine areas with anomalous gold
showings and potentially fertile large structures. This will enable focused exploration on highest priority
areas to generate drilling targets. We are very pleased to be able to commence this important initiative
with Barrick during the evolving COVID-19 pandemic.”
BLEG and Stream Sediment Sampling
Sediment samples are being collected systematically in streams at a predetermined density across all of
the project areas. Fine sediments and clay deposited in active stream channels can contain low levels of
metals derived from weathering of mineralized outcrops further up stream. The BLEG analysis allows
ultra low detection of gold, silver, mercury and copper to highlight anomalous stream catchments. A
portion of the sediment sample is split off and separately analysed for gold and a multi-suit of pathfinder
elements to confirm the BLEG result and better understand the nature of the source rocks.
Once anomalous catchments are identified, further sediment sampling is carried out upstream along the
anomalous drainage to define the point of entry of anomalous metal. Further definition of the
mineralized source is then carried out by rock float sampling and / or soil sampling on the slopes above
the anomalous drainage.
Regional Gravity Surveys
The Barrick Alliance plans to further refine mapping of regional structures by gravity surveying to
assist in the regional exploration programs across Japan. Haines Surveys Pty. Ltd., an Australian based
geophysical survey specialist, h as been engaged to acquire Bouguer gravity data across the Barrick
Alliance Projects. Gravity surveys identify r egional structures which play an important role in the
localisation of gold deposits . Gravity survey ing will commence once Japan and Australia lift
international travel restrictions due to the Covid-19 pandemic.
Covid-19 Operating Plan
Japan Gold has taken appropriate steps so that the Barrick Alliance crews can operate effectively while
following government health protocols.
John Proust stated, “Through the Company’s Covid-19 Operating Plan, we have instituted strict
prevention measures to protect our workforce and the local communities. Exploration geologists and
field assistants have been gradually mobilized to Kyushu and have been exercising 14-day self-isolation
prior to commencing work. Japan Gold will continue to closely monitor the rapidly changing COVID-
19 landscape and act proactively to protect the health of its workforce and stakeholders.”
Stock Option Grant
Japan Gold announce s that the Board of Directors of the Company has approved the granting of
4,315,000 stock options (the "Options") to certain directors, officers, employees and consultants of the
Company. The Options are exercisable at a price of $0. 30 per share for a period of ten years from the
date of grant.
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold's Vice
President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a
Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Japan Gold Corp.
"John Proust"
Chairman & CEO
About Japan Gold Corp.
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 30 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. More information is available at www.japangold.com or by email at
For further information, please contact:
John Proust
Chairman & CEO
Phone: 778-725-1491
Email: [email protected]
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release contains forward -looking statements relating to expected or anticipated
future events and anticipated results related to future partnerships and the Company's 2020 gold
exploration program. These statements are forward -looking in nature and, as a result, are subject to
certain risks and uncertainties that include, but are not limited to, general economic, market and
business conditions; competition for qualified staff; the regulatory process and actions; technical
issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction;
results of exploration; the timing and granting of prospecting rights; the Company's ability to execute
and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of
unexpected events. Actual results achieved may differ from the information provided herein and,
consequently, readers are advised not to place undue reliance on forward -looking information. The
forward-looking information contained herein speaks only as of the date of this News Release. The
Company disclaims any intention or obligati on to update or revise forward‐looking information or to
explain any material difference between such and subsequent actual events, except as required by
applicable law.
Figure 1: Barrick Alliance Project Locations