September 04, 2024
President & COO, Fraser MacCorquodale comments on what attracts him to Japan
It's all about the geology. Epithermal deposits are my favourite type of deposit, and you need a lot of exploration knowledge to find them. There are only a few places in the world to find them and Japan is one of them.
September 04, 2024
Japan is highly prospective. The advantages and disadvantages of Japan is that there's no blanket of systematic exploration data, so you must generate it and that's what Japan Gold's been doing. It takes time to build that framework and that work been done now.
September 04, 2024
President & COO, Fraser MacCorquodale explains why Japan Gold has partnered with Barrick Gold Corp.
What you're really trying to do is find a partner that brings in technical capability, both from an exploration point of view, but also a mining point of view. With Barrick, you have both.
September 04, 2024
Chairman and CEO, John Proust discusses de-risking the Japan Gold opportunity
Barrick as Japan Gold’s partner is de-risking Japan along with us. Newmont acquired a 9% equity stake and 60% of our company is held by 12 of the largest financial institutions in the world that have done their own deep due diligence on Japan. All these elements have de-risked the company.
September 04, 2024
Chairman and CEO, John Proust discusses the economic advantages of building a mine in Japan
The economics of building a mine are far superior in Japan than other places in the world. Japan built smelters that require supplies of silica-rich gold ores as smelter flux. A mine would directly ship gold ore to a smelter. From an economic standpoint, that removes the need for the capital expenditure to build costly infrastructure, and the permitting and timing that's associated with that.
September 04, 2024
Chairman and CEO, John Proust discusses Barrick Gold’s interest in Japan
Geopolitical safety is high on the priority list of not only investors but of the major mining companies. High grade gold is becoming harder and harder to find globally. The underexplored nature of Japan is very unique in the world as well as its rich history of high-grade gold mining. These combined with Japan Gold’s land package became a compelling case.
September 04, 2024
Chairman and CEO, John Proust discusses what Fraser MacCorquodale brings to Japan Gold
Japan Gold spent 12 years collecting the data that is required to make discoveries. Fraser is a world class, problem solver with the ability and depth of experience globally to recognize, something new and different and who will help us accelerate the discovery process.
September 04, 2024
Chairman and CEO, John Proust discusses where Japan Gold is today
Japan Gold is at an inflection point because we are putting drills on the ground, based on all the data that we've assembled on our best prospects, and we'll be drilling right through the rest of this year and well into next year, both with Barrick and looking at advancing our own projects.
September 04, 2024
President & COO, Fraser MacCorquodale brings depth of exploration knowledge to Japan Gold
It’s about applying 35 years of pattern recognition knowledge and then it’s about rapidly accelerating ground reduction so that we can get the dollars into the key places. And it’s also applying a strategic approach to understand what you're looking for. I know what a gold mine looks like, particularly with these types of deposits.