August 5, 2021
Japan Gold Corp. (TSXV:JG, BUY, C$1.00 target, Timothy Lee) announced it has expanded its Togi Au-Ag project on Honshu Island, Japan, through the acceptance of 51 new prospecting rights applications covering an additional ~14,500 ha. With this acquisition, the project now encompasses ~18,470 ha of prospective ground. Togi represents one of 29 projects that comprise the Barrick Alliance – a strategic alliance between Japan Gold and Barrick Gold (TSX:ABX, Not Rated), whereby Barrick is funding exploration at these projects as part of an earn-in and JV agreement. The land package was increased following the encouraging results from an initial phase of geochemical and surface sampling reported in April (read more), where 235 of 412 samples assayed >0.5 g/t Au, with 91 samples returning >5 g/t Au. Read more
