Proactiveinvestors USA & Canada Japan Gold https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Japan Gold RSS feed en Mon, 20 May 2019 21:51:11 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Japan Gold continues to push its gold projects in Japan forward ]]> https://www.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 lightly editd--

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 30 Apr 2019 17:11:00 -0400 https://www.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://www.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://www.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://www.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://www.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://www.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://www.proactiveinvestors.com/companies/news/216873/japan-gold-has-a-first-mover-advantage-when-it-comes-to-gold-exploration-in-japan-216873.html
<![CDATA[Media files - Japan Gold Corp was first in the country and now preparing their initial drill program ]]> https://www.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://www.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://www.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://www.proactiveinvestors.com/companies/stocktube/12404/japan-gold-corp-has-strong-projects-strong-partners-and-a-packed-2019-12404.html <![CDATA[Media files - Japan Gold breaking new ground with big projects and big financing to go with it ]]> https://www.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://www.proactiveinvestors.com/companies/stocktube/11934/japan-gold-breaking-new-ground-with-big-projects-and-big-financing-to-go-with-it-11934.html