Japan Gold Corp. has acquired 17 projectsthroughout Japan with a total land package of 71,529 hectares. Twelve of the 17 projects are focused on targeting high-grade epithermal vein mineralisation within historic mining districts. Goldcorp Inc. holds a 19.9% strategic investment in the company and has focused its interest on two projects which will be drilled in 2019. Japan Gold also holds five lithocap projects targeting porphyry copper-gold mineralisation. First Quantum Minerals Ltd. has entered into a strategic alliance with the company to evaluate and advance these lithocap projects. The main Japan islands of Hokkaido, Honshu and Kyushu have at least 6 distinct epithermal gold provinces hosting greater than 70 historically producing gold mines, including five +1 million ounce deposits. Still in production today, the Hishikari mine on the island of Kyushu is one of the world’s highest-grade gold mines, and has produced in excess of 7.6 million ounces of gold between 1985-2018 at average gold grades of 30-40 g/tⁱ. Japan Gold’s exploration licenses and applications cover at least 42 historically producing mines and workings.
1Sumitomo Metal Mining Co., Ltd. website.
Despite being a first-world country with a rich history of gold mining, there has been very little gold exploration in Japan since World War II when gold mining was suspended due to a government moratorium on gold mining at that time. When the Japan Mining Act was amended in 2012 for the first time allowing foreign mineral companies the ability to hold exploration and mining permits, Japan Gold was the first company to seize this opportunity.