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Japan Gold expands its alliance with Barrick

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Image credit: Japan Gold.

(Kitco News) - Japan Gold (TSXV: JG) (OTCQB: JGLDF) today announced it has signed a Joint Venture agreement with Koatsu Kogyo for three mining rights licenses (“Kowa project”) which adjoin the company's Ohra-Takamine project, and the Barrick Alliance Mizobe-Onoyama project in Southern Kyushu, Japan.

Kowa project comprises 389 hectares and will be included into the Barrick Alliance. Kowa project hosts 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.

Chairman & CEO John Proust commented: "We're very pleased to sign this joint venture agreement with the Koatsu Kogyo. 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."

Japan Gold 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 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.

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