Japan Gold Announces the Conclusion of the Barrick Alliance and Reports Ebino Drill Results
Japan Gold (OTCQB: JGLDF) announced the termination of its strategic alliance with Barrick Mining Corporation, effective October 31, 2025. The alliance, established in 2020, received total funding of $23.15 million from Barrick for exploring potential Tier 1 or Tier 2 gold deposits across Japan Gold's 3,000 sq km portfolio.
The company also reported results from its three-hole diamond drill program at the Ebino Project in the Hokusatsu District. While the drilling confirmed the extension of a regional alteration system and intersected strong zones of hydrothermal clay alteration, no significant gold mineralization was found. The Hokusatsu District historically produced over 12 million ounces of gold through various mines, including the currently active Hishikari Mine.
Japan Gold remains well-funded and will continue advancing its projects independently or through new partnerships.Japan Gold (OTCQB: JGLDF) ha annunciato la terminazione della sua alleanza strategica con Barrick Mining Corporation, effettiva dal 31 ottobre 2025. L’alleanza, avviata nel 2020, ha ricevuto da Barrick un finanziamento complessivo di 23,15 milioni di dollari per esplorare potenziali giacimenti di livello Tier 1 o Tier 2 all’interno del portafoglio di 3.000 km² di Japan Gold.
La società ha inoltre riportato i risultati del programma di trivellazione con diamanti a tre fori al Progetto Ebino nel Distretto Hokusatsu. Sebbene le perforazioni abbiano confermato l’estensione di un sistema di alterazione regionale e abbiano intercettato forti zone di alterazione idrotermale a base di argilla, non sono emersi significativi giacimenti auriferi. Il Distretto Hokusatsu ha storicamente prodotto oltre 12 milioni di once d’oro attraverso diverse miniere, inclusa la miniera Hishikari attiva.
Japan Gold resta ben finanziata e proseguirà lo sviluppo dei propri progetti in modo indipendente o tramite nuove partnership.
Japan Gold (OTCQB: JGLDF) anunció la terminación de su alianza estratégica con Barrick Mining Corporation, efectiva a partir del 31 de octubre de 2025. La alianza, establecida en 2020, recibió un financiamiento total de 23,15 millones de dólares por parte de Barrick para explorar posibles depósitos de oro Tier 1 o Tier 2 en el portafolio de 3.000 km² de Japan Gold.
La compañía también informó los resultados de su programa de perforación con diamante de tres hoyos en el Proyecto Ebino, en el Distrito Hokusatsu. Si bien la perforación confirmó la extensión de un sistema de alteración regional e encontró zonas fuertes de alteración hidrotermal a base de arcilla, no se halló una mineralización de oro significativa. El Distrito Hokusatsu históricamente ha producido más de 12 millones de onzas de oro a través de varias minas, incluida la activa Mina Hishikari.
Japan Gold permanece bien financiada y continuará avanzando sus proyectos de forma independiente o a través de nuevas asociaciones.
Japan Gold (OTCQB: JGLDF)는 Barrick Mining Corporation과의 전략적 제휴를 2025년 10월 31일 자로 종료한다고 발표했습니다. 2020년에 시작된 이 제휴는 3,000km²의 포트폴리오에서 Tier 1 또는 Tier 2 골드 매장 가능성을 탐색하기 위해 Barrick으로부터 총 2,315만 달러를 지원받았습니다.
또한 본사는 Ebino 프로젝트의 Hokusatsu 지구에서의 세 구멍 다이아몬드 공 drill 프로그램의 결과를 보고했습니다. 시추 결과는 지역적 변성 시스템의 확장과 점토를 기반으로 한 강한 열수 변성대를 확인했으나, 의미 있는 금 광맥은 발견되지 않았습니다. Hokusatsu 지구는 과거에 여러 광산에서 1,200만 온스가 넘는 금을 생산한 바 있으며, 현재 활동 중인 히사히카리 광산도 포함됩니다.
Japan Gold는 자금 조달에 여유가 있으며 독립적으로 또는 새 파트너십을 통해 프로젝트를 계속 추진할 예정입니다.
Japan Gold (OTCQB: JGLDF) a annoncé la résiliation de son alliance stratégique avec Barrick Mining Corporation, effective le 31 octobre 2025. L’alliance, mise en place en 2020, a reçu de Barrick un financement total de 23,15 millions de dollars pour explorer d’éventuels gisements de niveau Tier 1 ou Tier 2 sur le portefeuille de 3 000 km² de Japan Gold.
La société a également publié les résultats de son programme de forage diamanté à trois puits au projet Ebino dans le district de Hokusatsu. Bien que les forages aient confirmé l’extension d’un système d’altération régional et rencontré de fortes zones d’altération hydrothermale à base d’argile, aucune minéralisation d’or significative n’a été détectée. Le district de Hokusatsu a historiquement produit plus de 12 millions d’onces d’or par le biais de diverses mines, y compris la mine de Hishikari toujours active.
Japan Gold reste bien financée et poursuivra le développement de ses projets soit de manière indépendante, soit via de nouveaux partenariats.
Japan Gold (OTCQB: JGLDF) gab die Beendigung seiner strategischen Allianz mit Barrick Mining Corporation bekannt, die am 31. Oktober 2025 wirksam wird. Die Allianz, die 2020 gegründet wurde, erhielt von Barrick eine Gesamtfinanzierung von 23,15 Millionen US-Dollar zur Erkundung potenzieller Tier-1- oder Tier-2-Goldvorkommen im 3.000 km² großen Portfolio von Japan Gold.
Das Unternehmen berichtete außerdem über Ergebnisse seines dreifachen Diamantbohrprogramms im Ebino-Projekt im Hokusatsu-Distrikt. Obwohl die Bohrungen die Ausdehnung eines regionalen Alterationssystems bestätigten und starke Zonen hydrothermaler Tonalterationen trafen, wurde keine signifikante Goldmineralisierung festgestellt. Der Distrikt Hokusatsu hat historisch über 12 Millionen Unzen Gold durch verschiedene Minen produziert, einschließlich der derzeit aktiven Hishikari-Mine.
Japan Gold bleibt gut finanziert und wird seine Projekte weiterhin eigenständig oder in neuen Partnerschaften vorantreiben.
Japan Gold (OTCQB: JGLDF) أعلنت إنهاء تحالفها الاستراتيجي مع Barrick Mining Corporation، ويسري ذلك اعتباراً من 31 أكتوبر 2025. تم تأسيس التحالف في 2020 وتلقّى تمويلاً إجمالياً من بارِك قدره 23.15 مليون دولار لاستكشاف إمكانات وجود مناجم ذهب من المستوى Tier 1 أو Tier 2 عبر محفظة اليابان جولد البالغة 3000 كيلومتر مربع.
كما أبلغت الشركة عن نتائج برنامج الحفر الماسي بثلاث حُفر في مشروع Ebino بمنطقة Hokusatsu. رغم أن الحفر أكد امتداد نظام تغيّر إقليمي واجتاز مناطق قوية من تغيّر هيدروثرامي قاعدته الطين، لم يتم العثور على تركيزات ذهب ملحوظة. تاريخياً، أنتجت منطقة Hokusatsu أكثر من 12 مليون أونصة من الذهب عبر مناجٍ متعددة، بما فيها منجم Hishikari النشط حالياً.
تبقى Japan Gold في وضع مالي جيد وستواصل تقدم مشاريعها بشكل مستقل أو من خلال شراكات جديدة.
Japan Gold (OTCQB: JGLDF)宣布自2025年10月31日起终止与Barrick Mining Corporation的战略联盟。该联盟于2020年设立，已从Barrick获得总额为2300万美元的资助，用于在Japan Gold的3000平方公里矿区范围内勘探潜在的Tier 1或Tier 2金矿床。
公司还公布了在北须佐地区 Ebino 项目的三孔金刚石钻探计划的结果。尽管钻孔确认了区域性风化系统的延伸并遇到了强烈的含水热粘土风化带，但未发现显著的金矿化区域。北须佐地区历史上通过多座矿山累计生产超过1200万盎司金，其中包括目前仍在生产的日下矿。
Japan Gold资金充足，将继续独立推进其项目，或通过新合作伙伴关系。
- Received substantial funding of $23.15 million from Barrick for comprehensive exploration
- Company retains full control of entire portfolio including previously Barrick-controlled projects
- Successfully confirmed extension of regional alteration system in gold-rich Hokusatsu District
- Company remains well-funded to continue exploration activities
- Strategic alliance with major mining company Barrick terminated
- Drill program at Ebino Project did not intersect significant gold mineralization
- Scale of work conducted was insufficient to fully evaluate projects' potential
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") announces that Barrick Mining Corporation ("Barrick") and the Company have mutually agreed to terminate the strategic alliance agreement dated February 23, 2020, as amended (the "Barrick Alliance") in accordance with its terms, with such termination to be effective as of October 31, 2025 (the "Effective Date").
The Barrick Alliance was established in 2020 with the aim to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan which have the potential to host Tier 1 or Tier 2 gold deposits.
Japan Gold received total funding of
As of the Effective Date, Barrick will no longer hold any right to or interest in any of Japan Gold's portfolio of mineral rights in Japan, including the Barrick Alliance Projects, Hakuryu, Togi and Ebino.
"Barrick's involvement with Japan Gold over the last five years reflects the growing international interest in Japan as an emerging country with the potential for the discovery of new gold deposits, and we thank Barrick for their participation in this journey," said John Proust, Chairman and CEO of Japan Gold. "Japan's exceptional geology, rich history of high-grade gold mining, underexplored district-scale opportunities and stable mining regulatory environment continue to attract industry participants seeking a new, highly prospective geopolitically safe jurisdiction." He added, "Japan Gold remains well-funded and committed to advancing its projects, and the geological prospectivity of Japan remains unchanged. With full operational control, our experienced management team is well-positioned to prioritize our high potential assets and implement a tailored exploration strategy."
Barrick Mining's Vice President of Exploration, Joe Holliday said, "Japan Gold consistently demonstrated exceptional in-country expertise and operational excellence. We thank them for their dedication and professionalism throughout our alliance."
Japan Gold will continue to advance 2 district scale-areas in Kyushu and Hokkaido, as well as several individual projects including the former Barrick Alliance Projects, independently or through new joint ventures or partnerships. The Company is actively engaged in ongoing discussions with parties expressing interest in Japan Gold's exploration opportunities.
Ebino Project Drill Results
The Company also announces the completion of its three-hole diamond drill program at the Barrick Alliance Ebino Project ("Ebino"), located in the Hokusatsu District of southern Kyushu (Figure 1). This program confirms the extension of a regional alteration system in the 40 km x 20 km Hokusatsu District which hosts past and present major gold mines, including the only active large-scale gold producer in Japan, the Hishikari Mine, as well as the historic Kushikino, Yamagano and Ohkuchi gold mines. Together these mines have produced more than 12 million ounces of gold[1]. Japan Gold holds the majority of all prospective mineral rights in the Hokusatsu District and surrounds the Sumitomo Metal Mining Co. Ltd., Hishikari Mine area.
The drilling program, totalling 1,528m tested targets at the Otsuka and Kuwanoki-zuru ("KZ") prospects for gold mineralization within a highly prospective and historically underexplored area. All three drillholes successfully intersected strong zones of hydrothermal clay alteration including structurally controlled kaolinite and dickite zones, characteristic of a shallow environment in an epithermal system. While the drilling did not intersect significant gold mineralization, the results are encouraging, as broad zones of alteration were intersected and can be used to help vector into potential epithermal targets within the vicinity of Ebino. The next phase of exploration will comprise additional target generation work within the Masaki, KZ and Otsuka alteration zones.
The Ebino drill program was funded by the Barrick Alliance. Drill sites were fully rehabilitated to their original condition, with work completed in alignment with environmental best practices.
Qualified Person
The technical information in this news release has been reviewed and approved by Japan Gold's Vice President of Exploration, Jason Letto, B.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101.
Figure 1 - Hokusatsu District of Southern Kyushu
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Figure 2 - Ebino Drill Program
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About Japan Gold Corp.
Japan Gold Corp. is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of 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 in one of the most stable and under explored countries in the world. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan and have a track record of discoveries world-wide. Significant shareholders include Equinox Partners Investment Management LLC and Newmont Corporation.
On behalf of the Board of Japan Gold Corp.
John Proust
Chairman & CEO
For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: +1(604) 417-1265
Email: ahelgason@japangold.com
Cautionary Note
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results or benefits related to potential new joint ventures or partnerships and the Company's 2025 gold exploration program, whether independently or through such joint ventures or partnerships. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions, the Company's ability to arrange or conclude a joint venture or partnership on acceptable terms or at all; the stability of the financial and capital markets; the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.
[1] Garwin, S. L., Hall, R., & Watanabe, Y. (2005). Tectonic setting, geology, and gold and copper mineralization in Cenozoic magmatic arcs of Southeast Asia and the West Pacific [Supplementary Appendix 2].
Sumitomo Metal Mining Co., Ltd Integrated Report, 2nd August 2024
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FAQ
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