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The Kowa Project

Commodity: Gold
Target: Low Sulphidation Epithermal Gold
Location: Southern Hokkaido
Size: 389 hectares

On December 3 the Company signed a Joint Venture agreement with Koatsu Kogyo Corporation for three mining rights licenses, the Kowa Project, which adjoin the Company's Ohra-Takamine Project, and the Barrick Alliance Mizobe-Onoyama Project in Southern Kyushu.

The three Mining Rights collectively called the Kowa Project comprise 389 hectares and are included in the Barrick Alliance. The Mining Rights host numerous gold-bearing epithermal quartz veins with shallow historic underground mine workings developed on them. With the signing of this agreement the Company has complete coverage over strike extensions to the Ohra-Takamine mineralization corridor, along with the numerous under-explored veins contained within the Properties.