Japan Gold Enters into an Agreement to Acquire Mining Rights in Southern Kyushu
TSX-V: JG
OTCQB: JGLDF
Suite 650 – 669 Howe Street, Vancouver, BC V6C 0B4 Canada
Phone: +1 778-725-1491
www.japangold.com
NEWS RELEASE
Japan Gold Enters into an Agreement to Acquire Mining Rights in Southern Kyushu
Vancouver, British Columbia , December 03, 2020 – Japan Gold Corp. (the “ Company”)
(TSXV:JG) (OTCQB: JGLDF) is pleased to announce it has signed a Joint Venture agreement with
Koatsu Kogyo Corporation (“KKC”) for three mining rights licenses, (“the Kowa Project ”) which
adjoin the Company’s Ohra-Takamine Project, and the Barrick Alliance Mizobe-Onoyama Project in
Southern Kyushu.
The three Mining Rights collectively called the Kowa Project comprise 389 hectares and will be
included into the Barrick Alliance. The Mining Rights host numerous gold-bearing epithermal quartz
veins with shallow historic underground mine workings developed on them. With the signing of this
agreement the Company has complete coverage over strike extensions to the Ohra-Takamine
mineralization corridor, along with the numerous under-explored veins contained within the Properties,
Figure 1.
Highlights of the Joint Venture include:
• The Company has an exclusive right to explore the Properties in return for the Company’s
commitment to fund the exploration and development and pay Mining Right taxes.
• The Company has the right to acquire 100% equity in the Mining Rights in return for funding
through to pre-feasibility,
• Consideration for the transfer of the Mining Rights to the Company will be a 10% net profit s
interest “NPI”
• A joint technical committee will oversee exploration and development activities within the
properties and the Company will act as Manager
John Proust, Chairman & CEO commented, “We’re very pleased to sign this joint venture agreement
with the Koatsu Kogyo Corporation. The joint venture covers a strategic and under-explored gap in the
Company’s extensive portfolio in the very prospective Southern Kyushu Epithermal Gold Province.”
The Koatsu Kogyo Mining Licenses
Gravity-high anomalies are a key feature associated with the development of high -grade epithermal
gold deposits in the Hokusatsu Region. Within the Properties gold-bearing epithermal veins occur along
a 2-kilometer long north trending corridor situated on the western flank of a major gravity-high anomaly,
refer to Figure 2. The numerous shallow historic workings developed on these veins have been grouped
under the collective name of the Kowa Mine Workings 1. Production occurred sporadically from 1916
until 1943 within the mining rights, however no production data is available. Quartz veins are mapped
in various orientations , within broad clay alte ration zones developed along north and northeast
orientations. Large tabular sinter boulders are also reported around the workings, potentially indicating
as at the Ohra mine area, the system may not be deeply eroded.
In the northern part of the Kowa workings, t hree significant quartz veins named the Miyashiro veins,
have reported strike lengths betw een 100 to 450 meters , with widths between 0.3 to 0.9 meters .
Sampling of these veins in the late 1960’s gave grades between 3 to 28 g/t gold and 25 to 60 g/t silver2.
Anomalous soil data reported by the Company in a news release dated 11 th June, 2020, indicate these
veins probably form part of the Ohra - Aira Yamada Mine vein trend, a gold and pathfinder element in-
soil anomaly that extends northeast for greater than 2 kilometers beyond the Ohra Mine workings. Ten
samples taken across the Tenshin veins in the central part of the Kowa workings, reported gold grades
between 3.3 to 40.3 g/t from veins between 0.1 to 0.6 meters wide1.
As part of the Alliance regional assessment programs the Company will commence investigations of
the Properties early in 2021 to evaluate prospectivity and definition of drill targets. The Mining Right
status will facilitate more rapid permitting to support drilling and other more advanced exploration
activities.
References
1 Gold Mines of Japan, 1989. The Mining & Materials Processing Institute of Japan.
2 Kagoshima Prefecture (1967): Report on Gold & Silver Mines in the Takamine and Ohra District of
Kagoshima Prefecture.
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold's Vice
President of Exploration, 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 32 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 contain s 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 subj ect 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 chang es 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 obligation to update or revise forward‐looking information or to
explain any material difference between such and subsequent actual events, except as required by
applicable laws.
Figure 1: Ohra-Takamine Project with joint venture Koatsu Kogyo Corporation mining rights, simplified geology and historic mine workings
Figure 2: Ohra-Takamine Project with joint venture Koatsu Kogyo Corporation mining rights, on Bouguer Gravity anomaly map. Gravity data presented is a
compilation of both regional government and detailed Company survey data.