Japan Gold (TSX-V:JG) Corp has outlined its 2023 exploration program for its 2,920 square kilometre Japanese portfolio of mineral rights.
Highlights include the selection of six projects by its partner Barrick Gold Corporation for further advancement with drilling planned to commence in Kyushu in 1Q 2023.
The company noted that Barrick has also selected one new project and three project areas for further evaluation during 2023.
READ: Japan Gold adds new prospective gold project to its alliance with Barrick Gold
Outside of the Barrick Alliance, six projects have been selected for advancement with geophysical surveying and drilling proposed in 2023 and seven additional projects have been selected for work programs with the objective of providing a pipeline of targets to drill in 2024.
The company also noted that the Ikutahara project in Hokkaido and the Ohra-Takamine project in southern Kyushu were currently being advanced, with both projects subject to a joint-venture right of first refusal by Newmont Corporation. Assay results are pending from drilling and soil sampling programs at the Ryuo and Kitano-o prospects.
Japan Gold (TSX-V:JG) CEO John Proust said 2023 has the potential to be a pivotal year for Japan Gold as it initiates important drilling programs across numerous projects.
“The company has built a skilled exploration team to evaluate and advance these assets and through our alliance with Barrick we have been able to complete meaningful work programs across 29 projects, compiling significant data sets along the way,” Proust said.
“This process has proven successful, and Barrick has elected to proceed with six projects with the potential to host Tier 1 or Tier 2 orebodies.”
Japan Gold is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu, and Kyushu.
Contact the author at emily.jarvie@proactiveinvestors.com
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