Japan Gold Focuses Its Project Portfolio Following Extensive Review
Japan Gold Focuses Its Project Portfolio
Following Extensive Review
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) -
Japan Gold Corp. (TSXV: JG)
(OTCQB: JGLDF)
("
Japan Gold
" or the "
Company
") is pleased to announce the completion of an
extensive six-month review of its portfolio and resulting reduction from 35 to 26 projects from its holdings
in Japan. The review was led by Mr. Fraser MacCorquodale, President and COO of the Company. The
Company holds the largest prospective land package in Japan and has built a comprehensive
framework of data for the evaluation of tenements covering areas of gold occurrences.
"We have a large tenement holding across the three main islands of Japan, and we needed to take a
strategic approach to ground reduction in order to focus and prioritize our resources and advance Japan
Gold exploration targets', said Mr. MacCorquodale. "The relinquished tenements did not meet our target
criteria."
The Company has identified multiple gold exploration targets in the Kitami metallogenic province in
North Hokkaido, the Noto Peninsula in Honshu, and in the Middle and Southern Kyushu epithermal gold
provinces, where the Company has a dominant tenement coverage (see Figures 1-4). The gold mining
regions are hosts of past and existing mines such as the world-class Hishikari Mine and where modern
exploration activities are at an early stage for many prospects.
Mr. John Proust, Chairman and CEO of the Company, added, "Japan Gold has spent over a decade
collecting the data that is required to make discoveries. We are now focusing on our best prospects and
concurrently advancing three priority projects under the Barrick Alliance. Fraser's depth of experience in
analyzing epithermal gold deposits is accelerating the discovery process."
About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration across
Japan. The Company holds a significant portfolio of tenements covering areas with known gold
occurrences, history of mining and prospective for high-grade epithermal gold mineralization. The Japan
Gold leadership and operational team of geologists, drillers and technical advisors have extensive
experience exploring and operating in Japan and have a track record of discoveries world-wide.
Japan Gold has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain
gold mineral properties and mining projects with the potential to host Tier 1 or Tier 2 gold ore bodies in
Japan.
On behalf of the Board of Japan Gold Corp
.
John Proust
Chairman & CEO
For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: +1 604-417-1265
Email:
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 2024 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, the timing and granting of
prospecting rights; the Company's ability to convert prospecting rights into digging rights within the
timeframe prescribed by the Mining Act; 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
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
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Figure 2
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Figure 3
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Figure 4
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