Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!
|Image credit: Japan Gold.|
(Wallace Refiners) – 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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.