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Japan Gold Corp V.JG

Alternate Symbol(s):  JGLDF

Japan Gold Corp. is a Canadian mineral exploration company focused on gold exploration in Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization. It has an alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects with the potential to host tier i or tier II gold ore bodies in Japan. It is focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu, and Kyushu. The Company holds a portfolio of 35 projects across the three main islands of Japan, for a total of 303,923 hectares. Its projects include Aibetsu Project, Bajo Project, Buho Project, Ebino Project, Gumyo Project, Ikutahara Project, Kamitsue Project, Mizobe Project, Ohra-Takamine Project, Onoyama Project, Tobaru Project, Tobaru-Fuke Project, Togi Project, and Usa Project, among others.


TSXV:JG - Post by User

Bullboard Posts
Comment by tsrimuangon Jun 01, 2017 3:58pm
135 Views
Post# 26313173

RE:Japan Gold hires Sumiko for drilling, to buy drill rigs

RE:Japan Gold hires Sumiko for drilling, to buy drill rigsWhy does PT Promicron Indonesia, which is owned by Japan Gold's COO Mike Andrews, have to provide the drilling rigs for this work when Sumiko Resources Exploration & Development have their own rigs and can provide them at a much, much lower cost.  Methinks Mr. Andrews and The SA people have been in Indonesia too long and have gone native and taken up the Indonesian penchant for feeding at the trough of shareholders' money.  Is this what junior mining companies' officers generally do?  That is, use the shareholders' money to pay themselves regardless of actual results and at the end of the day leave the coffers empty to be either refilled with share dilution or the company fades away? The ethical way of doing this is to bid the work out to at least three bidders and then take the best proposal. Unilaterally using an insider's company for the provision of goods and services smells and looks bad and makes one wonder about the integrity of such behaviour.
Bullboard Posts