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Japan Gold Corp V.JG

Alternate Symbol(s):  JGLDF

Japan Gold Corp. is a Canada-based mineral exploration company. The Company is focused on gold exploration across the three islands of Japan: Hokkaido, Honshu, and Kyushu. The Company holds a portfolio of 35 gold projects, which cover areas with known gold occurrences, which are prospective for high-grade epithermal gold mineralization. Its Epithermal Gold Projects include Ikutahara Project; Kamimuri Project; Buho Project; Buho Ext. Project; Fujimi & Onne Projects; Aibetsu Project; Aibetsu East Ext. Project; Tenryu Project; Tenryu Ext. Project; Numanoue Project; Sanru Project, and others. The Ikutahara Project is the Company’s advanced project and comprises 60 prospecting rights applications. The Buho Project comprises four contiguous prospecting rights application blocks (1,324 Ha) surrounding the historic Buho gold-silver mine and is located about 12 kilometers (km) west-northwest of the historic Todoroki gold-silver mine. Kamitsue Project in Kyushu is its Lithocap project.


TSXV:JG - Post by User

Post by goldanalyston Jun 29, 2020 2:00pm
192 Views
Post# 31204091

So much to like about this company!

So much to like about this company!1. Despite being a first-world country with a rich history of gold mining, there has been very little gold exploration in Japan since World War II when gold mining was suspended due to a government moratorium on gold mining at that time

2. Well financed to undertake a significant exploration campaign and rapidly advance the projects.  Price of PP -C$0.25 per Unit for gross proceeds of C$5 million+First financing in place (same terms) Fully cashed up!

3. Lack of initial competition provided first choice for prospective gold and copper-gold targets

4. 
First foreign exploration company to apply for and be granted Prospecting Rights in Japan

5. From Feb 24th:

Japan Gold Announces Country-Wide Alliance with Barrick Gold Corporation & Acquires Six New Projects in the Southern Kyushu Epithermal Gold Province

6. The second financing will give Japan Gold the ability to initiate new drill programs on its wholly owned Ikutahara Project in Hokkaido and Ohra-Takamine Project in southern Kyushu concurrently with the country wide evaluation of 28 projects already being carried out under the Barrick Alliance.

GLTA!!
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