Business
Japan Gold Announces the Conclusion of the Barrick Alliance and Reports Ebino Drill Results
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Japan Gold Corp. (TSXV: JG)...
About this update from Japan Gold Corp
[{"type":"text","content":"Japan Gold Announces the Conclusion of the Barrick Alliance and Reports Ebino Drill ResultsVancouver, 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 $23,155,932 (US$17,375,498) from Barrick for all work completed by the Barrick Alliance, primarily to create a comprehensive geochemical and geophysical database covering most of the Company's 3,000 sq km portfolio of mineral rights across Japan's three main islands. The database ultimately resulted in Barrick selecting 3 projects (the \"Barrick Alliance Projects\") which they felt held significant potential. Three initial scout drill programs totalling 8 drill holes for 3,062 metres, including the recent Ebino Project drilling, provided valuable geological insights, but the scale of work conducted to date has not been sufficient to fully evaluate the potential of these projects.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 project...