FULL DISCLOSURE: Japan Gold is a sponsor of theDeepDive.ca.
In this conversation with John Proust, Chairman and CEO of Japan Gold (TSXV: JG), we dive into what could be described as a “post-Barrick era” for the company.
After a five-year partnership with one of the world’s largest gold producers, Japan Gold and Barrick have mutually agreed to conclude their alliance — and while losing a major partner might sound like bad news on the surface, John explains why the reality is more nuanced and potentially very promising for shareholders.
The company now owns 100% of its exploration portfolio again, plus they’re walking away with over US$23 million worth of exploration work that Barrick funded to global standards — essentially getting a fully funded, country-wide exploration program that most junior explorers could never afford to run themselves.
Through the partnership, they’ve compiled extensive data across roughly 3,000 square kilometers of mineral rights, including stream-sediment sampling, rock sampling, and gravity geophysics that helped identify three projects with potential to host tier-one or tier-two ore bodies.
Japan Gold has already started drilling at their wholly owned Mizobe project with initial results expected later this year, and they’re keeping the door open for new partnerships with other majors.
FULL DISCLOSURE: Japan Gold Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Japan Gold Corp. The author has been compensated to cover Japan Gold Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
