{"id":1167498,"date":"2020-02-24T14:40:50","date_gmt":"2020-02-24T20:40:50","guid":{"rendered":"https:\/\/www.mining.com\/?p=1014977"},"modified":"2020-02-24T14:40:50","modified_gmt":"2020-02-24T20:40:50","slug":"japan-gold-announces-alliance-with-barrick-gold","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1167498","title":{"rendered":"Japan Gold announces alliance with Barrick Gold"},"content":{"rendered":"<p>Japan Gold (TSXV: JG) announced on Monday the formation of a country-wide alliance with Barrick Gold (NYSE: GOLD, TSX: ABX) to jointly explore, develop and mine properties in Japan.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The Canadian company also announced additional six new project in the Southern Kyushu Epithermal Gold Province.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> The Canadian company also announced additional six new project in the Southern Kyushu Epithermal Gold Province <\/p>\n<\/blockquote>\n<\/figure>\n<p>The partnership spans 28 out of the firm&#8217;s 30 current projects and Barrick will sole fund a two-year initial evaluation of each project and potentially a three-year second phase&nbsp;if they meet the mining titan&#8217;s criteria.&nbsp;<\/p>\n<p>Shares in Japan Gold surged 18.7% in Toronto to C$0.38 each.<\/p>\n<p>The alliance does not include the Ikutahara Project in Hokkaido and the      Ohra-Takamine Project in Kyushu and Japan Gold will continue to advance      these two projects independently.<\/p>\n<p>&#8220;We are pleased to partner with Japan Gold, who have assembled an impressive portfolio of exploration tenements within the renowned epithermal gold provinces of Japan.&#8221; Barrick&#8217;s CEO, Mark Bristow, commented.<\/p>\n<p>&#8220;We look forward to advancing our partnership by combining Barrick&#8217;s technical and financial resources with Japan Gold&#8217;s first mover advantage, to deliver new world class gold discoveries.&#8221; he said.<\/p>\n<p>&#8220;Japan Gold is delighted to welcome Barrick Gold to Japan. As Barrick is one of the pre-eminent gold producers in the world we look forward to a very positive partnership.&#8221; Japan Gold&#8217;s Chairman and CEO, John Proust commented.<\/p>\n<p>&#8220;Every great new frontier starts with geology. Japan is an ideal, underexplored, setting to make new large low sulphidation epithermal gold discoveries&#8221; he said.<\/p>\n<h2><strong>Japan Gold six new projects<\/strong><\/h2>\n<p>In conjunction with the Barrick Alliance, Japan Gold has acquired six new projects in the northern part of the Southern Kyushu Epithermal Gold Province and now holds a dominant position in a district which hosts most of the low-sulphidation epithermal mineralization in the province. <\/p>\n<p>In excess of 11 million ounces of gold have been produced from low-sulphidation epithermal deposits within the province.<\/p>\n<p>The six new projects include: Kushikino-Iriki; OT-Yaeyama Extension; Mizobe-Onoyama; Mizobe 1<sup>st<\/sup> Extension; Onoyama-Yamagano Extension; and the Tobaru-Fuke Extension and comprise 47,853 hectares. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The partnership spans 28 out of the firm&#8217;s 30 current project.<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167498"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1167498"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167498\/revisions"}],"predecessor-version":[{"id":1167510,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1167498\/revisions\/1167510"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1167498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1167498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1167498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}