Japan Gold Provides Update on Barrick Alliance Activities
TSX-V: JG
OTCQB: JGLDF
NEWS RELEASE
Japan Gold Provides Update on Barrick Alliance Activities
Vancouver, British Columbia, April 28, 2021 Japan Gold Corp . (the “Company”) (TSXV: JG) (OTCQB:
JGLDF) is pleased to provide a progress report on the Barrick Alliance regional explorations activities.
Highlights:
53 New Prospecting Rights Applications Accepted in Q1 2021
29 Barrick Alliance Projects Now Cover 1,882 Square Kilometres
• On the 26th of January, the Company announced acceptance by Japanese Ministry of Economy, Trade
and Industry (“METI”) of 18 new prospecting rights applications (collectively 4,895.5 hectares) covering
prospective western extensions of the Mizobe and Onoyama-Yamagano Projects in Southern Kyushu.
• On the 9th of F ebruary, the Company announced acceptance by METI of 35 prospecting rights
applications (9,571.7 hectare) adjoining the western boundary of the Sanru Project – north Hokkaido.
The new applications cover prospective extensions north and south of the Sanru Mine which produced
225,000 oz at an average grade of 6.4 g/t Au.
• The Barrick Alliance portfolio comprises 29 projects covering 188,264.8 hectares ( 1,882.6 square
kilometres) of prospective ground across Japan's 5 major epithermal gold provinces within the three main
islands of Kyushu, Honshu, and Hokkaido, (Figures 1-5)
Barrick Alliance 2021 USD $4 Million Budget Approved (solely funded by Barrick)
• On February 23, a USD $4 million dollar budget solely funded by Barrick Gold Corporation was
approved for the 2nd year of the Initial Evaluation Phase regional program.
Significant Q1 2021 Advances in Exploration Programs Evaluating 29 Barrick Alliance Projects
• Since the last update on December 10th, 2020, regional geochemical sampling has been completed on 13
of the 14 Barrick Alliance Southern Kyushu Projects, the remaining project, Kushikino-Iriki will be
completed by the end of April, (Figure 2).
• Regional geochemical sampling is complete over the Togi Project in west Honshu and is 80% complete
over the 11 Hokkaido projects. In summary 87% of 188,265-hectare 29 project portfolio has now been
covered by regional geochemical sampling, (Figures 4 & 5)
• Project-scale gravity surveying is now complete over 83% of the southern Kyushu Projects, with the
remainder expected to be completed by the end of April. Gravity surveying has also been completed at
the Togi Project in west Honshu and is planned to be completed on the 11 Hokkaido projects by late
2021.
• Follow-up investigations are now underway on anomalies defined from 2020 work programs in southern
Kyushu. Investigations are currently focussed on the Mizobe Project where a series of coincident of
gravity, gold in bulk leach extractable gold (BLEG) and rock samples anomalies have been defined.
Barrick Alliance Work Program
Geochemical Sampling
The initial regional assessment program of the 29 Barrick Alliance Projects includes bulk leach extractable gold
(BLEG) stream sediment sampling and rock float geochemical sampling.
Sediment samples are being collected systematically across all of the project areas to define gold and pathfinder
element anomalies associated with gold bearing epithermal vein systems. Once anomalous catchments are
identified, further investigation is carried out upstream along the anomalous drainage s to identify source(s) of
precious metals mineralization.
Geophysical Gravity Surveying
The Barrick Alliance regional assessment program also includes the collection of gravity data to assist in
understanding structural controls favourable to gold mineralization at both regional and project scales. Additional
processing of the gravity data will enhance fault detection and support targeting of more focussed geophysical
surveys such as CSAMT and magnetics, along with subsequent drilling.
Exploration Update
Geochemical Sampling
Since January 2021, the Barrick Alliance regional exploration programs have focused largely on the gold fertile
Hokusatsu Region of the Southern Kyushu Epithermal Gold Province. The Hokusatsu Region is Japans' largest
gold producer with low -sulphidation epithermal deposits recording a combined production of over 11 million
ounces1,2,3,4. Within the Hokusatsu Region the Company currently has applications and prospecting rights
covering 96,733 hectares or approximately 81% of prospective, explorable ground.
Regional geochemical sampling is now complete over 97 % of the 96,733.2 hectare Hokusatsu Region Alliance
projects. Since the last Alliance update on the 10th of December 2020, a total of 944 BLEG and 1,393 rock chip
samples have been collected and submitted to ALS Laboratories for geochemical analysis. Regional geochemical
sampling is complete over the Togi Project in west Honshu and is 80% complete over the 11 Hokkaido projects.
In summary 87 % of 188,265- hectare 29 project portfolio has now been covered by regional geochemical
sampling.
Geochemical assay results for work completed in 2020 have been received and are in the process of being
evaluated. From the work completed in 2020 a significant number of geochemical anomalies have been defined
for follow up investigation in the Hokusatsu Region, Noto Peninsula, and in Hokkaido, and more are expected to
be generated from the 2021 sampling. Th e second phase of anomaly follow up has already commenced at the
Mizobe Project where several gravity -high anomalies defined across the p roject coincide with at least four
clusters of gold in BLEG and rock float and outcrop anomalies . For more information on the Mizobe Project
refer to the Company’s news release dated 30th September 2020.
Regional geochemical sampling in the Hokusatsu region will be completed by the end of April. Following this,
field teams will move to middle Kyushu and expect to complete coverage of the Bajo and Usa Projects, by mid-
May, (Figure 3). Field teams will then mobilise to northern Hokkaido to complete geochemical sampling over
the southern portion of the Kanehana Project, and the newly accepted western extension of the Sanru P roject.
The initial phase of regional geochemical sampling is expected to be completed by July 2021.
Geophysical Gravity Surveying
Gravity surveying is now 84% complete across the Hokusatsu Region projects and will be complete by the end
of the month. Gravity surveying is currently in progress at the three middle Kyushu projects. The Togi Project in
west Honshu has now also been gravity-surveyed and gravity surveys are planned to be completed across the 11
Hokkaido projects before the end of the year.
Barrick Alliance Progress Snapshot
References
1 Feebrey et.al., (1998) Geophysical Expression of Low Sulphidation Epithermal Au-Ag Deposits and
Exploration Implications- Examples from the Hokusatsu Region of SW Kyushu, Japan. Resource Geology, vol.
48, no. 2, pp 75-86, 1998.
2 Sumitomo Metal Mining Co., LTD. website, production as of end of March 2020.
3 Watanabe Y, 2005. Late Cenozoic evolution of epithermal gold metallogenic provinces in Kyushu, Japan.
Mineralium Deposita (2005) 40: pp 307-323
4 Garwin, S.G. et al. 2005. Tectonic setting, Geology, and gold and copper mineralization in the Cenozoic
magmatic arcs of Southeast Asia and the West Pacific. Economic Geology 100th Anniversary Vol. pp 891-930
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 31 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 [email protected]
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 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. The main islands of Japan with Barrick Alliance and Japan Gold projects.
Figure 2. Hokusatsu Region, Southern Kyushu Epithermal Gold Province, Barrick Alliance Projects and work
completed to date.
Figure 3. Middle Kyushu Epithermal Gold Province, Barrick Alliance Projects and work completed to date.
Figure 4. Honshu simplified geology, Barrick Alliance Togi Project on the Noto Peninsula and historic Sado Mine on
Sado Island.