Announcement • Jun 23
Japan Gold Corp. announced that it has received CAD 1.393 million in funding from Equinox Partners Investment Management LLC On June 22, 2026, Japan Gold Corp closed the transaction. Announcement • Jun 13
Japan Gold Corp. announced that it expects to receive $1.393 million in funding from Equinox Partners Investment Management LLC Japan Gold Corp. announced a non brokered private placement of 10% unsecured convertible debentures for gross proceeds of $1,393,000 on June 12, 2026. The transaction will include participation from returning investor Equinox Partners Investment Management LLC. The debenture will mature on the date that is three years from the date of issuance. The debenture will bear interest at a rate of 10% per annum. The debenture and any securities issuable upon conversion will be subject to a statutory hold period of four months from the date of issuance of the debenture. The offering and conversion of the debenture into shares is subject to final approval by the TSX-V. As of the closing date, investor holds 90,133,518 shares, representing approximately 29.32% of the then issued and outstanding common shares of the company. Announcement • Apr 23
Japan Gold Corp. announced that it has received CAD 1.3907 million in funding from Equinox Partners Investment Management LLC On April 23, 2026, Japan Gold Corp. closed the transaction. Announcement • Apr 10
Japan Gold Corp. announced that it expects to receive $1 million in funding from Equinox Partners Investment Management LLC Japan Gold Corp. announced a non-brokered private placement of unsecured convertible debentures for gross proceeds of CAD 1,390,700 ($1,000,000) on April 10, 2026. The Debenture will mature on the date that is three years from the date of issuance (the "Maturity Date"). The Debenture will bear interest at a rate of 10% per annum (non-compounded), accruing daily but payable, in cash, only at the Maturity Date, on the occurrence of an Event of Default or upon an early redemption. he Debenture and any securities issuable upon conversion will be subject to a statutory hold period of four months from the date of issuance of the Debenture. The Offering and conversion of the Debenture into Shares is subject to final approval by the TSX Venture Exchange. As of the Closing Date, Equinox holds 90,133,518 shares, representing approximately 29.34% of the then issued and outstanding common shares of the Company. . The Company will have the right, at its option, to make an early redemption in cash of all or any part of the principal amount together with payment of any accrued but unpaid interest. In addition, the Company will have the right, at its election, to satisfy its obligation to pay cash to the Debenture holder through the delivery of common shares of the Company ("Shares") in lieu of cash, at a price per share which equals the greater of: (i) the most recent Market Price of the Shares on the TSX Venture Exchange on the date that the accrued interest becomes payable; (ii) $0.11; and (iii) a price per security or conversion price of debt securities in a Future Financing Event. The transaction will include participation from returning investor Equinox Partners Investment Management, LLC. Recent Insider Transactions Derivative • Mar 15
Chairman & CEO exercised options to buy CA$200k worth of stock. On the 13th of March, John Proust exercised options to buy 2m shares at a strike price of around CA$2,000,000, costing a total of CA$4.0t. This transaction amounted to 43% of their direct individual holding at the time of the trade. Since March 2025, John's direct individual holding has increased from 4.67m shares to 8.36m. Company insiders have collectively bought CA$4.0t more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Mar 04
Japan Gold Corp. Identifies Multiple Geophysical Anomalies At Hakuryu Project Japan Gold Corp. announced that it has completed its review of the Controlled-Source Audio Magnetotellurics ("CSAMT") and natural source (AMT) geophysical survey results from the December 2025 program at the Hakuryu Project in Hokkaido, Japan. The survey results identified multiple resistivity anomalies that correlate with previously mapped surface alteration zones and projected vein trends. These resistivity anomalies extend across multiple survey lines, suggesting continuity along strike within the proposed target areas. The confirmation of multiple anomalies at depth along the approximately five-kilometre prospective strike length supports proceeding with drill pad preparation in advance of a planned drilling campaign to further evaluate the project area. The next phase of drilling is being designed to follow up on the anomalies identified in the recent geophysical survey, as well as the 2025 drill hole DDH-HAK-001, which intersected 16.15 g/t gold over 0.60 metres from 103.8 metres downhole (a re-assay of the same interval returned 24.10 g/t gold over0.60 metres). The Hakuryu Project is located at the southern end of the 16-kilometre-long Konomai gold field. The northern and central portions of the Konomai vein field were historically developed and mined by Sumitomo Metal Mining Co. Ltd. between 1915 and 1973, reportedly producing approximately 2.35 Moz of gold at an average grade of 6.4 g/t. Announcement • Jan 23
Japan Gold Reports Additional Gold Intercepts At Mizobe Project Japan Gold Corp. announced results from two diamond drill holes totaling 1,156 metres completed at the Mizobe Project ("MZDD23-003"), intersecting gold mineralization in both drill holes and recording the first intercept of a banded chalcedony vein. The Mizobe Project is located in the Hokusatsu district of southern Kyushu, Japan, approximately 23 kilometres south of the Hishikari Mine, operated by Sumitomo Metal Mining Co. Ltd. Highlights. The Company is encouraged by the presence of hydrothermal alteration, along with associated anomalous metals and pathfinder elements identified to date. Future exploration will focus on further delineating the extent of the alteration system, improving the understanding of the source and controls of the alteration and associated geochemical anomalies, and evaluating areas with potential for more strongly developed mineralization. Previous Drilling. Historical drilling completed in 2023 at the Mizobe Project under the Barrick Alliance intersected gold mineralization beneath post-mineral cover. Notable historic intercepts include 10.0m at 4.27g/t Au from 122.75m (MZDD23-003) and 4.0m at 1.60g/t Au from 36.5m (M ZDD23-004). 2025 Drill Program. The 2025 drill program was designed to test for the presence and potential continuity of mineralization beneath mineralization intersected in historical drill holes MZDD23-003 and MZDD23-004. Drilling has intersected zones of hydrothermal alteration associated with anomalous gold, arsenic, and antimony beneath post-min mineral cover. Based on current drilling, the alteration has been observed in multiple drill holes. The alteration and associated geochemical anomalies appear to be controlled by the rock type and are best developed in the upper portions of the drill holes. All reported intervals are downhole core lengths; true widths have not yet been determined. Sampling techniques and Assaying are from drill core samples obtained by PQ, HQ and NQ-size triple-tube diamond core drilling using a PMC-700 drill rig owned and operated by the Company. The drilling program was fully supervised by Company senior geologists at the drilling site. The drill core was collected in plastic core trays at the drill site and transported by road in Company vehicles to its Kagoshima office and core processing facility near the project area. The drill core was carefully logged, photographed and sample intervals were marked up along predicted mineralized and unmineralized intervals along the entirety of the drill holes by Japan Gold senior project geologists. Sample lengths varied from 0.3 to 2.0 metres, depending on the positions of geological contacts and variations in alteration composition. The core was split by a diamond rock saw supervised by project geologists. Certified Reference Materials ("CRMs") were inserted by Japan Gold KK at every 20th sample to assess the repeatability of the alteration and associated geophysical anomalies. New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 2.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$33.5m market cap, or US$24.3m). New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 2.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$33.5m market cap, or US$24.4m). Announcement • Aug 26
Japan Gold Corp. announced that it has received CAD 2.0676 million in funding from Equinox Partners Investment Management LLC On August 25, 2025. Japan Gold Corp. announced that it has closed the transaction. It has issued 25,845,000 common shares of the Company at a price of CAD 0.08 per Share for gross proceeds of CAD 2,067,600. Announcement • Aug 25
Japan Gold Corp., Annual General Meeting, Oct 23, 2025 Japan Gold Corp., Annual General Meeting, Oct 23, 2025. Location: british columbia, vancouver Canada Announcement • Aug 08
Japan Gold Corp. announced that it expects to receive CAD 1.3746 million in funding from Equinox Partners Investment Management LLC Japan Gold Corp. announced a non-brokered private placement to issue 17,182,500 common shares at an issue price of CAD 0.08 per share for gross proceeds of CAD 1,374,600 on August 7, 2025. The transaction includes participation from returning investor, Equinox Partners Investment Management LLC. It is expected that the offering will close on or about August 15, 2025, subject to the regulatory approval from the TSX Venture Exchange. The shares will be subject to a hold period of four months and one day in accordance with applicable securities laws. Following the closing date, Equinox will hold 90,133,518 shares, representing approximately 30.45% of the issued and outstanding common shares of the company. Announcement • Jul 10
Japan Gold Barrick Alliance Hakuryu Drill Program Intersects Encouraging Results of High-Grade Gold Japan Gold Corp. announced that the initial framework drill program at the Barrick Alliance Hakuryu Project intersected gold mineralization across narrow intervals of the Hakuryu No. 3 Vein target. Advanced geophysics in conjunction with the geological results of the drill program will define and guide additional drilling of this largely untested prospective broader corridor." Located on the Japanese island of Hokkaido, the Hakuryu drill program was designed to test beneath a prominent zone of surface silicification and quartz veining identified through geological mapping and supported by geochemical datasets, where surface sampling of this zone returned gold values between 0.1g/t Au to 3.0g/t Au. Sampling techniques and Assaying. The drill core was collected in plastic core trays at the drill site and transported by road in Company vehicles to its core handling facility in the nearby Ikutahara Town, Engaru City, and the Company's core handling facility in the nearby Akutahara Town, Engara City, and the Company's existing core handling facility in the nearby Ibutahara Town, Engar City, and the Company's current core handling facility in the nearbyikutahara Town, Engaro City, and the Company's new core handling facility in the nearbykutahara Town, Engarus City, and the Company's plans to expand its core handling facility in the adjacent Ikutahara Town,Engaru City, and the Company has completed the drill program in its core handling facility in its core handling facility. The Company has completed the drill program with the initial framework drill program in the nearby Ikutahar Town, Engaru City, the Company has completed the drilling program in the Company's core handling facility. Announcement • Apr 15
Japan Gold Corp. announced that it expects to receive CAD 5 million in funding Japan Gold Corp announced that it has has entered into an agreement with Canaccord Genuity Corp. and Moneta Securities (Alberta) Corp. pursuant to which the Agents have agreed to act as agents, on a “best efforts” basis, in connection with a private placement of up to 41,666,667 common shares at a price of CAD 0.12 per Common Share for gross proceeds of up to CAD 5,000,000.04 on April 14, 2025. The Offering is expected to close on or about May 1, 2025, or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange. Announcement • Apr 14
Japan Gold Corp. Announces Retirement of Dr. Kotaro Ohga as Chief Engineer Japan Gold Corp. announced the retirement of Dr. Kotaro Ohga as Chief Engineer and would like to thank Dr. Ohga for his valuable contributions, over many years, as the liaison between Japan Gold andthe Japanese government while also offering invaluable insight and expertise into permitting, exploration and drilling programs in Hokkaido. The Company also announces the departure of Mr. Andrew Rowe, who previously served as Exploration Manager and wishes him success in his future endeavours. New Risk • Feb 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$20.9m market cap, or US$14.7m). Announcement • Jan 17
Japan Gold Corp. Appoints Cailey Barker to Its Advisory Board Japan Gold Corp. announced the appointment of Mr. Cailey Barker to its Advisory Board. Mr. Barker's experience in the mining and finance industry spans over 30 years, having most recently
served as Portfolio Manager at BlackRock Investment Management, where he also held concurrent roles as Head of Mining and Head of Research. Before joining BlackRock, he was a top ranked Senior Mining Analyst at several sell-side institutions including Numis Securities and Royal Bank of Canada, as well as industry consultancy Brook Hunt (now Wood Mackenzie). Mr. Barker is also an entrepreneur and small business executive and has a deep understanding of the mining industry, having started his career as an exploration geologist in Africa. He holds a BSc in Geology from the University of Southampton and an MSc in Mineral Deposit Evaluation from the Royal School of Mines, and is a Fellow of The Geological Society, a Fellow of the Society of Economic Geologists and is a Member of The Institute of Materials, Minerals and Mining. Mr. Barker joins Mr. Paul Harbidge, an existing Advisory Board member. Mr. Harbidge is a geologist with more than 30 years of experience in mining exploration and development with a proven track record of discovering world class gold deposits. He is President, CEO and Director of Faraday Copper Corp. and Chairman and Director of Fireweed Metals Corp. He was previously the President and CEO of GT Gold and led the company to a CDN$456 million acquisition by Newmont Mining Corp. in May 2021. Prior to this, Mr. Harbidge was the Senior Vice President of Exploration at the multinational gold mining company Goldcorp Inc. from 2016 until its acquisition by Newmont Mining Corp. in April 2019. Prior to that, he successfully led the exploration team at Randgold Resources Ltd., resulting in five major gold discoveries including the +5Moz Gounkoto deposit in the Loulo area of Mali and the +4Moz Massawa deposit in Senegal. Mr. Harbidge is also a technical advisor to Kalo Gold in Fiji, Maple Goldmines in Canada and Gemdale Gold in Finland. He holds a First-class Honours Degree in Geology from Kingston University, London (UK) and a Master of Science in Mineral Exploration and Mining Geology from Leicester University (UK). New Risk • Nov 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (8.7% increase in shares outstanding). Market cap is less than US$100m (CA$20.9m market cap, or US$14.9m). New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.4m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$18.0m market cap, or US$12.9m). Announcement • Sep 26
Japan Gold Corp. Commences Drilling At Togi Project Japan Gold Corp. announced that it has commenced drilling at the Togi Project, one of three priority projects advancing under the Barrick Alliance. The first of two 500-meter drill holes is currently underway at the Akasaka target where drilling is targeting strike extensions of the Mori vein along the prospective Mori Fault, Figure 1. Strike extensions to the northeast of the Mori vein are largely obscured by post-mineralization cover but evidence of potential mineralized extensions is supported by sinter scree, and quartz vein boulders and cobbles hosting gold grades up to 79.7 g/t gold,. Controlled Source Audio-frequency Magneto-Telluric (CSAMT) geophysics completed along a 2-kilometer section of the Akasaka target highlighted resistivity features potentially representing epithermal veins, which drilling is currently targeting. The Mori vein within the Akasaka target produced 16,500 ounces of gold at an average grade of 14 g/t gold and is reported to be up to 4 meters wide, with gold values ranging between 8 to 20 g/t gold1. Records show the mineralization at lower mine levels open at depth with average grades of 8.12 g/t gold and 56.9 g/t silver1. Workings did not exceed 120 meters below portal level. Announcement • Sep 11
Japan Gold Focuses Its Project Portfolio Following Extensive Review Japan Gold Corp. announced the completion of an extensive six-month review of its portfolio and resulting reduction from 35 to 26 projects from its holdings in Japan. The review was led by Mr. Fraser MacCorquodale, President and COO of the Company. The Company holds the largest prospective land package in Japan and has built a comprehensive framework of data for the evaluation of tenements covering areas of gold occurrences. The Company has identified multiple gold exploration targets in the Kitami metallogenic province in North Hokkaido, the Noto Peninsula in Honshu, and in the Middle and Southern Kyushu epithermal gold provinces, where the Company has a dominant tenement coverage. The gold mining regions are hosts of past and existing mines such as the world-class Hishikari Mine and where modern exploration activities are at an early stage for many prospects. Price Target Changed • Sep 05
Price target decreased by 25% to CA$0.83 Down from CA$1.11, the current price target is an average from 2 analysts. New target price is 1,409% above last closing price of CA$0.055. Stock is down 45% over the past year. The company posted a net loss per share of CA$0.013 last year. Announcement • Aug 26
Japan Gold Corp., Annual General Meeting, Oct 24, 2024 Japan Gold Corp., Annual General Meeting, Oct 24, 2024. Location: british columbia, vancouver Canada New Risk • Aug 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.4m free cash flow). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$16.7m market cap, or US$12.3m). Announcement • May 24
Japan Gold Corp. Announces Board Appointments Japan Gold Corp. announced the appointment of Dr. Keiko Hattori, a Distinguished University Professor Emeritus of the University of Ottawa, who brings extensive industry knowledge of gold deposits and exploration, and understands the value of the Company's mining activities in Japan. As a professor of geochemistry and economic geology, Dr. Hattori has built an impressive reputation as an expert in geoscience with numerous accomplishments and is recognized as the first woman to receive a BSc degree in Geology from the University of Tokyo, where she also completed a Master of Science in epithermal gold deposits in Japan and a PhD in mineral deposits in Japan. She is an elected Fellow of the Royal Society of Canada, where she is Director of the Earth, Oceans and Atmosphere division, and is an advisor to government research funding programs in European Union countries. Dr. Hattori has been Associate Editor of several journals including Economic Geology, and Scientific Research from Nature Publication. She is the recipient of numerous recognitions, including the Kato Takeo Gold Medal from the Society of Resource Geology of Japan in 2022, and the Duncan R. Derry Medal from the Mineral Deposits Division of the Geological Society of Canada in 2024. The Company also announces that Paul Harbidge has stepped down as a director and has joined the Company's Advisory Board. Mr. Harbidge will continue to advise the Company on technical matters and leverage his vast knowledge and experience in gold mining exploration and world class discoveries. Announcement • Apr 30
Japan Gold Corp. announced that it has received CAD 2.755 million in funding On April 29, 2024, Japan Gold Corp., closed the transaction. Announcement • Apr 24
Japan Gold Corp. announced that it expects to receive CAD 2.755 million in funding Japan Gold Corp. announced a non brokered private placement of unsecured convertible debentures for the gross proceeds of CAD 2,755,000 ($2,000,000) on April 23, 2024. The transaction will include participation from a strategic investor. The Debentures will mature on the date that is three years from the date of issuance. The principal amount of the Debentures is convertible, at the election of the Company at any time prior to the Maturity Date, into common shares at a price of CAD 0.17832 ($0.13) per Share. Each Debenture will bear interest from the date of issue until the Maturity Date or date of conversion at a rate of 10% per annum non-compounded and payable on the Maturity Date in Shares. Subject to TSX Venture Exchange acceptance, any interest that has accrued in arrears on the principal amount outstanding under the Debenture will be payable in Shares at a price per share which equals the greater of the 'Market Price' or CAD 0.17832 ($0.13) on the date the accrued interest becomes payable. n connection with the Offering, the Company has agreed to seek disinterested shareholder approval for the creation of a control person at the Company's next annual general meeting, which is expected to be during October 2024. If such approval is received, the outstanding principal amount under the Debentures, and will convert into Shares at a price of CAD 0.17832 ($0.13) per Share, in the case of the principal amount, and the greater of Market Price and CAD 0.17832 ($0.13) per Share, in the case of the interest. The Debentures and any securities issuable upon conversion will be subject to a statutory hold period of four months from the date of issuance of the Debentures. The Offering and conversion of the Debenture into Shares is subject to final approval by the TSXV. It is currently anticipated that an insider of the Company will be subscribing for the full amount of the Offering. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$7.7m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (CA$28.2m market cap, or US$20.9m). Announcement • Mar 01
Japan Gold Corp. Appoints Fraser MacCorquodale as President and Chief Operating Officer Japan Gold Corp. announce the appointment of Fraser MacCorquodale as President and Chief Operating Officer, effective March 1, 2024. Mr. MacCorquodale served as the General Manager for Exploration at Newcrest Mining Limited ("Newcrest") from 2008 to 2023. During his tenure, he played a pivotal role in formulating and executing Newcrest's growth strategy, overseeing the development of a world-class exploration team and establishing a robust growth portfolio. His extensive experience spans 35 years in global gold and copper exploration, encompassing expertise in near-mine, brownfield and greenfield exploration across diverse cultural and geographical landscapes including Australia, Indonesia, Papua New Guinea, Western Canada, the United States of America, Ecuador and Chile. Fraser MacCorquodale, renowned for his track record of major global discoveries at Newcrest, has joined Japan Gold's Executive Leadership Team. New Risk • Nov 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.2m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (CA$16.7m market cap, or US$12.1m). Announcement • Oct 14
Japan Gold Corp. Appoints Paul Harbridge as a Member of Compensation Committee Japan Gold Corp. at its board meeting immediately following the AGM held on October 12, 2023, Board Committees, consisting of independent directors, were confirmed: Audit Committee - Murray Flanigan (Chairman), Michael Carrick, Paul Harbidge; Compensation Committee - Michael Carrick (Chairman), Murray Flanigan, Tanneke Heersche, Paul Harbridge; and Nomination/Corporate Governance - Tanneke Heersche (Chairman), Ian Burney, Paul Harbidge. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings have declined by 0.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.2% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (CA$28.2m market cap, or US$20.7m). Announcement • Aug 12
Japan Gold Corp., Annual General Meeting, Oct 12, 2023 Japan Gold Corp., Annual General Meeting, Oct 12, 2023. Announcement • Jul 25
Japan Gold Corp. (TSXV:JG) acquired Kamimuri Project. Japan Gold Corp. (TSXV:JG) agreed to acquire Kamimuri Project on January 24, 2023. Japanese Ministry of Economy, Trade and Industry ("METI") approved prospecting rights application.
Japan Gold Corp. (TSXV:JG) completed the acquisition of Kamimuri Project on July 24, 2023. Announcement • Jul 06
Japan Gold Corp. Announces Commencement of Drilling at Ohra Prospect Within its 100% Owned Ohra-Takamine Project in Southern Kyushu Japan Gold Corp. announced commencement of drilling at the Ohra prospect within its 100% owned Ohra-Takamine project in southern Kyushu. The Ohra-Takamine project is located within the Hokusatsu Region of the Southern Kyushu Epithermal Gold Province, Japan's large gold producing district, with more than 11 million ounces of combined production from high-grade low-sulphidation epithermal vein deposits. Ohra-Takamine Project: An extensive data set collected over the Ohra-Takamine project by the Company includes geological mapping, soil geochemistry, CSAMT, gravity, and three diamond drillholes. Interpretation of this combined data set has defined drill targets along the 3.5 km long open-ended corridor of alteration and mineralization defined by the historical Ohra, Takamine and Urushi gold mines. Drilling will initially focus on the prospective un-tested 1.5 km long strike zone between the Ohra and Takamine mines. The Ohra Prospect: The Ohra mine produced more than 28,000 ounces of gold including 21,000 ounces at grades greater than 20 g/t gold1, prior to closure in 1942. Two drill holes were previously completed by the Company at the Ohra prospect (OTD001 & OTDD20-002). These two drill holes targeted vertical depth extensions of the high-grade Ohra vein shoot, intersecting narrow mineralized vein intervals and indicating a termination of the Ohra shoot in that locality. However, drill hole OTDD20-002 continued past the projection of the Ohra veins into the footwall intersecting a significant number of banded and sheeted quartz veins in the lower portion of the drill hole. These deeper veins may indicate the presence of concealed parallel vein zone at Ohra. The initially planned drill hole OTDD23-001, located 150 m southwest of the Ohra workings, will target the inferred strike extension of the veins encountered in Ohra footwall in drill hole OTD20-002. The target is supported by a strong and coincident gold, pathfinder element and clay alteration footprint defined by soil sampling, and the presence of abundant sinter scree along the target zone indicating good preservation. A corridor of coincident CSAMT defined resistive and conductive anomalies along the 1.2 km strike zone between the Ohra and Takamine workings also supports contiguous alteration along the zone. If the planned drill hole is successful, additional drilling will target the 1.2 km long gold and pathfinder element anomalous strike extension towards the Takamine mine workings. Announcement • Jun 29
Japan Gold Corp. Announces Results of Its Initial ' Framework' Drilling Program At the Barrick Alliance Mizobe Project in Southern Kyushu, Japan Japan Gold Corp. announced results of its initial ' framework' drilling program at the Barrick Alliance Mizobe Project in Southern Kyushu, Japan. Drilling has encountered wide, and locally high-grade intervals in the initial, broad spaced framework drill program. Drill holes MZDD23-001, 002, and 003 successfully intersected gold mineralized intervals including the following notable results (all intervals are down-hole lengths), MZDD23-003. 10.0 m @ 4.3 g/t Au & 6.6 g/t Ag from 122.75 m (incl. 4.0 m @ 6.2 g/t Au & 10.2 g/t Ag) & 14.1 m @ 1.0 g/t Au & 4.8 g/t Ag from 176.95 m. MZDD23-002. 6.1 m @ 1.4 g/t Au & 7.5 g/t Ag from 126.7 m (incl. 2.6 m @ 2.2 g/t Au and 10.6 g/t Ag). The Mizobe project is located within the Hokusatsu Region of Southern Kyushu, Japan's largest gold producing district, with more than 11 million ounces of combined production from low-sulphidation epithermal deposits1-5. Within the Mizobe Project, historical mining activities focused on antimony-rich hydrothermal breccias at the Semari and Nakazon workings, prior to 1942. In 2000, the Metal Mining Agency of Japan ("MMAJ") drill hole 12MAHT-2 was drilled 1 km to the southeast of the historical antimony workings, targeting a geophysical anomaly, the drill hole intersected a down-hole mineralized interval of 43.35 m @ 0.9 g/t gold, with an included interval of 20.3 m @ 1.2 g/t gold5. No further drilling was completed around this mineralized intersection. Sampling by the Alliance of discontinuous outcrop and quartz-vein /breccia float across a 2 by 2.5 km area showed strong anomalism with channel samples including 24.7 m grading 1.0 g/t gold, and river float samples up to 18.9 g/t gold. The extent of gold and antimony anomalism was seen as highly encouraging considering much of the target area is concealed by a veneer of post-mineral volcanic ash. Drilling Results. New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (CA$48.7m market cap, or US$36.4m). Announcement • Feb 14
Japan Gold Corp. Announces 2023 Exploration Program over its 2,920 sq km Japanese Portfolio of Mineral Rights Japan Gold Corp. announced the 2023 exploration program over its 2,920 sq km Japanese portfolio of mineral rights. Highlights: Barrick selected six projects for further advancement with drilling planned to commence in Kyushu in the first quarter of 2023. Barrick have also selected 1 new project and 3 project areas for further evaluation during 2023. Barrick solely funds the Barrick Alliance projects. Japan Gold is currently considering various funding alternatives for the 2023 exploration programs on its remaining projects which include new joint venture partners and equity financing. Outside of the Barrick Alliance, 6 projects have been selected for advancement with geophysical surveying and drilling proposed in 2023. 7 additional projects have been selected for work programs with the objective of providing a pipeline of targets to drill in 2024. The Ikutahara Project in Hokkaido and the Ohra-Takamine Project in southern Kyushu are currently being advanced by the Company, with both projects subject to a joint-venture right of first refusal by Newmont Corporation. Assay results are pending from drilling and soil sampling programs at the Ryuo and Kitano-o prospects. Japan Gold has been active in Japan since 2012, including an initial period of research, company formation, and portfolio building. The Company has built a highly skilled exploration team of geologists, drillers, and technical advisors with a track record of efficiency and success in Japan. The Barrick Alliance: Barrick is currently advancing 6 projects through the Second Evaluation Phase of the Alliance agreement. These include the Mizobe and Ebino projects in the Hokusatsu District of southern Kyushu, the Togi project on the island of Honshu, and the Aibetsu, Tenryu and Hakuryu projects in the Kitami Metallogenic Province of north Hokkaido. In addition, Barrick will be continuing their Initial Evaluation Phase on three project areas that were added to the Barrick Alliance following its formation, including additional applications applied for at the Togi Project (Togi Extension), applications in between the Aibetsu and Tenryu Projects (Aibetsu Extension), and the recently announced Kamimuri project, located west of the Kanehana Project. Kyushu: Mizobe Project - initial 3 drill holes to commence in the first quarter: The Mizobe Project is located in the Hokusatsu Region of Southern Kyushu in a similar geological setting to Sumitomo Metal Mining's Hishikari gold mine, located 23 km to the north. An Induced Polarization (IP) geophysical survey comprising 14.6-line kilometers was completed over the eastern part of the Mizobe Project in September 2022. IP surveying was carried out over a 2.5 by 2.5 km area containing mineralized river-float and localized outcrops exhibiting strong alteration and gold and pathfinder element anomalism, significant portions of this target area are concealed by a veneer of younger volcanic ash and welded tuff. The IP data is inferred to support the initial interpretation from mapping and has aided in definition of structures which represent potential extensions to mineralization and alteration mapped at surface and extending under post-mineral ash cover. An initial three drill holes are planned to commence in late February 2023. Ebino Project - recent geophysical survey and geological mapping is focusing drill targeting: IP surveying was completed in early November 2022 at the Otsuka prospect within the Ebino Project, located 12 km north of the Hishikari mine. A total of 9.4-line km were completed along a 4 km long alteration zone which overlies well-defined gravity anomalies. Gravity anomalies are a key feature associated with epithermal vein deposits in the Hokusatsu District. Geological mapping was completed over the Otsuka prospect in November 2022. Initial interpretation of surface mapping and IP geophysics indicate the potential presence of horst structures bounded by normal faults which are similar to the structural setting of the Hishikari deposit located 12 km to the south. Geochemical and alteration data is being evaluated to aid in the definition of drill targets for 2023 if warranted. Honshu: Togi Project - geochemical ground checking commencing in March 2023: Results from BLEG samples collected across the Togi extension show two main areas of interest comprising multiple drainages with gold and multi-element anomalies associated with district scale graben and reverse faults. Follow up ground checking in these two areas is planned in March-April this year. Hokkaido: Aibetsu Project - IP survey being designed for 5 km by 5 km priority area: Detailed mapping and outcrop sampling to define the source of highly elevated gold and pathfinder element anomalies identified from BLEG sampling over a contiguous 5 by 5 km zone at the Aibetsu project was completed in October 2022. Mapping has defined two extensive clay alteration zones with associated quartz vein mineralization. Preparations are now underway for IP surveying to cover priority areas to advance drill targeting within the project. Hakuryu Project - recent mapping program being interpreted prior to IP survey for drill targeting: Detailed mapping and outcrop sampling was completed over the Yakiyama prospect located within the Hakuryu Project in late 2022. The Hakuryu Project covers the southern half of the Konomai vein field which produced 2.35 Moz of gold between 1915-731. A combination of coherent BLEG gold and pathfinder element anomalies shedding from high elevations and well-preserved volcanic stratigraphy are the target of investigation for concealed extensions to the Konomai vein field. Mapping has confirmed extensive alteration and localized quartz veining within an approximate 4 by 1 km zone. A positive interpretation of results from the mapping program will be followed up with IP surveying in 2023 to advance drill targeting. Announcement • Dec 21
Japan Gold Corp. Announces Board and Management Changes Japan Gold Corp. announced the retirement of Mr. Mitsuhiko Yamada as Board member and Representing Director and the appointment of Mr. Takashi Kuriyama to the Board of Directors. It is with great respect and gratitude that the company announced the retirement of Mr. Mitsuhiko Yamada from the Board of Directors of Japan Gold Corp. and as the Representing Director of Japan Gold KK, the Company's wholly owned operating subsidiary. Going forward, Mr. Yamada will join the Japan Gold Board of Advisors. Japan Gold announced the appointment of Mr. Takashi Kuriyama to the Board of Directors, effective January 1, 2023. Mr. Takashi Kuriyama joined Japan Gold KK as General Manager Exploration in 2017. He was appointed an Officer of Japan Gold Corp. in 2019 and became a Director of Japan Gold KK in 2020. Mr. Kuriyama, Mining Geology graduate of the Institute of Mining Geology, Faculty of Mining College of Akita University, previously served in increasingly senior roles with Sumitomo Metal Mining Co. Ltd. ("Sumitomo") from 1974 until his retirement from Sumitomo in 2016 as General Manager of its Global Exploration and Development Department. During his career at Sumitomo, Mr. Kuriyama had the role of Exploration and Geology Manager at Sumitomo's Hishikari Gold Mine in Kyushu, southern Japan, and subsequently held senior exploration positions in Australia, Canada and the United States of America. In the roles of Executive Vice President of Sumitomo Metal Mining America Inc. and Managing Director of Sumitomo Metal Mining Oceania Pty Ltd., he oversaw the development of the Northparkes Copper and Gold Mine in Australia and the Pogo Gold Mine in Alaska. During his career with Sumitomo, he was also seconded to Japanese Government organizations, serving as Councilor at the Metals Exploration Group of the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Director at the Joint Venture Exploration Division for the Metal Mining Agency of Japan (MMAJ). In addition, Mr. Kuriyama served as a Director of Teck Resources Limited from 2006 until 2016. The Company also announced that Mr. Yamada will be succeeded in his role as Representing Director of Japan Gold KK by John Proust, Chairman &CEO of Japan Gold Corp. Price Target Changed • Dec 18
Price target increased to CA$1.10 Up from CA$1.03, the current price target is an average from 2 analysts. New target price is 340% above last closing price of CA$0.25. Stock is down 11% over the past year. The company posted a net loss per share of CA$0.017 last year. Announcement • Dec 16
Japan Gold Corp. Announces Drilling At Saroma Prospect Japan Gold Corp. announced drilling at the Saroma prospect has encountered multiple intersections of high-grade silver with gold mineralization along a km length of the Saroma vein. The Saroma vein forms part of a larger, 3.5 km long open-ended district-scale mineralized structure which hosts the Saroma, Chitose and Taiho historical workings, collectively called the Saroma prospect. Saroma is one of several prospects the Company is advancing within its 100% owned Ikutahara Project in Hokkaido, Japan. Drilling Summary & Findings: The 1.2 km long vein at Saroma is located at the northeast end of an open-ended 3.5 km long mineralized structure which includes the Saroma, Chitose and Taiho mine workings. Between July and September this year, 6 diamond drillholes were completed along a 1 km long section of the Saroma vein for a total of 1,309 m. Drilling has advanced the understanding of structural controls, alteration zonation and minerology at Saroma. Saroma comprises multiple veins within a large continuous structure, which were successfully intercepted in all six drillholes along a 1 km strike length, and to a depth 130m below surface. Importantly, vein widths up to 8 meters (true width) have been intersected with high-grade silver, and gold mineralization. Quartz veining exhibits impressive chalcedony-rich low-sulphidation epithermal vein textures, indicating good preservation of the vein system. Wide coherent veins intercepted in the southwestern holes: IKDD22-009; 010; 012 and 013 show an average true width of 7.0 m. In the two north-eastern drill holes IKDD22-011 and 014, more dispersed zones of sheeted and stockwork veining up to 21 m in down hole length were encountered with individual veins up to 2 m in down-hole width. This splaying of veins in the northeast is potentially indicative of a step-structure where the host structure is stepping over to coalesce into a more coherent structure further along strike. Silicification at surface to the north may support this potential extension at depth. Quartz veins at Saroma show a diverse range of low-sulfidation epithermal textures, brecciation and minerology suggesting a dynamic system with multiple fluid phases amenable to gold deposition. High level chalcedony-rich vein textures are observed in the deepest holes IKDD22-10 and IKDD22-13 indicating that the current drill intercepts are within the mineralization window and further drill testing down dip is warranted. Vein textures and the geometry of higher-grade mineralization identified along the Saroma vein trend may be indicative of a southwest plunge to mineralization towards the Chitose and Taiho prospects 500 and 1,500 m to the southwest. Reconnaissance mapping along the Saroma structure in 2016 by the Company found surface rock samples up to 10.85 g/t gold and 136 g/t silver. Recent detailed mapping has confirmed veining with broad silicification envelopes at Chitose and Taiho and banded chalcedony veins outcrops up to 5 m wide at the latter. The historical Jomon workings are located another 5 km southwest of the Taiho workings on what appears to be the continuation of the Saroma structure. Information on mining here is limited but sampling of numerous quartz boulders in a small open pit report grades averaging 25 g/t gold and 50 g/t silver1. In 1933 an underground cross-cut was excavated to locate the source of the boulders but results are unknown. Forward Plans: 2023 work programs will aim to delineate high-grade gold and silver shoots along the Saroma structure and towards the Jomon workings. Staged work programs will include detailed mapping with soil sampling to identify precious and path-finder element anomalies for focussed CSAMT geophysical surveying. Targets developed by this work will be ranked to guide drilling. Saroma Prospect: Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on epithermal veins that step along a northeast trending fault zone which extends for at least 3.5 km along the Saroma valley. Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19392. There are no production records from the Taiho and Chitose workings, however, exploration and mining was reported from these latter two areas immediately prior to the 1943 gold mining moratorium. Announcement • Nov 23
Japan Gold Corp. Provides Update on Work Programs At Barrick Alliance Projects in Kyushu and Hokkaido Japan Gold Corp. provided an update on work programs at Barrick Alliance projects in Kyushu and Hokkaido. Mizobe Project: An Induced Polarization (IP) geophysical survey comprising 14.6-line kilometers was completed over the eastern part of the Mizobe Project in September. IP surveying was carried out over a 2.5 by 2.5 km area containing mineralized river-float and localized outcrops exhibiting strong alteration and gold and pathfinder element anomalism, significant portions of this target area are concealed by a veneer of younger volcanic ash and welded tuff. The IP survey was aimed at mapping subsurface chargeability and resistivity features potentially representing buried mineralization and surrounding alteration haloes. From interpretation of combined data sets an initial three drill holes are planned to be commenced in January 2023. The Mizobe Project is located in the Hokusatsu Region of Southern Kyushu in a similar geological setting to Sumitomo Metal Mining's Hishikari gold mine, located 23 km to the north. Ebino Project: Induced Polarization surveying was completed in early November at the Otsuka prospect within Ebino Project, located 12 km north of the Hishikari mine. A total of 9.4-line km were completed along a 4 km long alteration zone which overlies well-defined gravity anomalies. Gravity anomalies are a key feature associated with epithermal vein deposits in the Hokusatsu Region. Geological mapping is planned to be completed over the Otsuka prospect in November to aid in definition of drill targets for 2023 if warranted. Hokkaido Aibetsu Project: Detailed mapping and outcrop sampling to define the source of highly elevated gold and pathfinder element anomalies identified from BLEG sampling over a contiguous 5 by 5 km zone at the Aibetsu project was completed in October. Mapping has defined two extensive clay alteration zones with associated quartz vein mineralization. Preparations are now underway for IP surveying to cover priority areas in 2023 to advance drill targeting within the project. Hakuryu Project: Detailed mapping and outcrop sampling was recently completed over the Yakiyama prospect located within the Hakuryu Project. The Hakuryu Project covers the southern half of the Konomai vein field which produced 2.35 Moz of gold between 1915-731. A combination of coherent BLEG gold and pathfinder element anomalies shedding from high elevations and well-preserved volcanic stratigraphy are the target of investigation for concealed extensions to the Konomai vein field. Mapping has confirmed extensive alteration and localized quartz veining. A positive interpretation of results from the mapping program will be followed up with IP surveying in 2023 to advance drill targeting. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Director Mitsuhiko Yamada is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 21
Japan Gold Corp. Provides an Update on Exploration Activities At the 100% Owned Ikutahara Project in Hokkaido, Japan Japan Gold Corp. provided an update on exploration activities at the 100% owned Ikutahara Project in Hokkaido, Japan. Two additional drill holes are planned at the Ryuo Prospect for late 2022 to follow up on the high-grade gold drill intercepts from the 2021 and recent round of drilling, and other priority targets. Previous drilling has tested beneath five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943. Historical underground sampling in the Jinja vein workings revealed high-grade gold-silver mineralization which was sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m. Six drill holes have now been completed at the Saroma prospect. Four drill holes were initially planned to test a 1 km strike length of the Saroma prospect. The four initial drill holes all intersected significant quartz vein zones up to 8 m wide of banded and brecciated chalcedonic quartz with ginguro banding. Based on these encouraging intersections an additional two holes were completed to test continuity of the vein zones to depth. The additional two deeper drill holes also intersected significant quartz vein zones with similarly low-temperature chalcedonic textures indicating good preservation of the vein system. The six drill holes completed at Saroma between July and September comprise a total of 1,308.8 m, all drill core samples are now at the lab with results expected by early December. The Saroma prospect lies at the northeast end of a major 3.5 km long fault zone which also hosts the Chitose and Taiho historical mine workings, refer to the Company's news release dated 17th August 2022 for more information on the Saroma prospect. Drilling is underway at the east side of the Kitano-o prospect where two of the Company's PMC700 drill rigs are currently operating. One of three planned deep drill-holes has been completed and another two drill holes are in progress and expected to be completed by early November. The initial three scout drill holes at east Kitano-o are targeting combined geochemical and geophysical anomalies below historic workings and adjacent to major graben and rhyolite dome structures proximal to the Cretaceous basement interface. For more information on the Kitano-o prospect refer to the Company's news release dated 19th February, 2020. Soil sampling programs are ongoing at the Ikutahara Project to extend soil grids along the graben- margin north and south of the Kitano-o prospect and over extensions of the alteration zone at the Ryuo prospect, (Figure 1). These soil sampling programs are aimed at defining poorly exposed or concealed vein systems by their combined alteration footprints and pathfinder mineral assemblages. Definition of significant anomalous footprints can then be ranked and further advanced towards drill targeting with focused geophysical surveys such as CSAMT and induced polarization. Announcement • Oct 12
Japan Gold Corp. Continues to Drill High Grade Intercepts At Ryuo and Expands the Prospect Area Japan Gold Corp. announced results from seven additional drill holes at the Ryuo Prospect. Drilling has continued to encounter high-grade veins along the Ryuo alteration corridor, and interpretation of drill core has significantly advanced the understanding of controls on mineralization at the prospect. The Ryuo prospect is located within the Company's 100% owned Ikutahara Project in Hokkaido. Summary of Findings at Ryuo and the Implications for Ongoing Exploration: The 2022 drill program has significantly advanced the understanding of geological controls and alteration zonation with respect to high-grade mineralization at Ryuo. Importantly, high-grade gold events have been identified along the length of the prospect in multiple parallel vein zones, and alteration studies prove the system is well preserved. IKDD22-005 has proven an extension of the Shouei vein mineralization 100 m to the southwest. Further step out drilling is required to confirm strike continuity to depth below veining intersected in the top of drill hole IKDD21-005, and towards the open high-grade mineralization intersected 400 m to the southwest in drill holes IKDD21-008 and IKDD22-007. IKDD22-007 targeting the depth extension of the ultra high-grade vein in IKDD21-008 (0.45 m @ 1,395 g/t Au & 768 g/t Ag) terminated more than 100 m before target depth under difficult drilling conditions and due to a temporary expiry of a local forestry permit. From 200 m down-hole, intensely altered and hydrothermally brecciated rhyolite was drilled to the bottom of the hole at 289.4 m. Numerous banded quartz veins cut the brecciated rhyolite carrying anomalous gold along its length, with higher grade intervals including the 40 cm vein from the bottom of the hole which gave 12.8 g/t Au & 35.5 g/t Ag with a high-grade included interval of 23.7g/t Au & 64.7 g/t Ag. This breccia zone was unexpected and appears to be part of a significant, partially tested mineralized structure which subsequent drilling will target as a priority. Hydrothermal alteration of the host rocks in low-sulphidation epithermal vein systems create a distinct zonal arrangement of clay minerals. Smectite dominant assemblages form above and peripheral to quartz veining, while a mixed-layer (illite-smectite) assemblage forms in the upper parts of the gold- bearing vein zone, this progresses downward into a chlorite-illite dominant assemblage which coincides with the boiling-zone where high-grade gold deposition occurs. This association of clay zonation and gold mineralization has been well documented in literature, including at the Hishikari mine in Kyushu. The upper part of this zonal arrangement of clay alteration has been interpreted from spectral analysis of drill core along the length of the Ryuo prospect. A smectite dominant zone is defined above and adjacent to higher grade veins, and a mixed-layer zone is interpreted from an illite+smectite dominant assemblage, associated with most of the high-grade veining seen to date. The deeper chlorite-illite assemblage has not yet been recognized at Ryuo indicating the epithermal system is preserved and that the main high-grade boiling zone lies at depth. Additionally, the smectite /mixed- layer interface at Ryuo deepens or plunges to the southwest of the prospect. Similarly, the top of the rhyolite dome complex also lies deeper in the southwest of the alteration corridor. Ongoing drilling will focus on targeting the deeper portions of the Ryuo hydrothermal system for high-grade mineralization associated with in the chlorite-illite zone. Ryuo Prospect The Ryuo Prospect consists of five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943. Historical underground sampling in the Jinja vein workings revealed high-grade gold-silver mineralization including 'level 4' of the workings, which was sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m. Figure 3 illustrates a long-section of the Jinja vein workings with the underground sampling reported by the Metal Mining Agency of Japan (MMAJ). New Accepted Prospecting Rights Applications at the Ikutahara Project Eleven new prospecting rights were lodged to cover prospective Miocene volcanics immediately to the north and west of the Ryuo prospect to ensure coverage of potential strike and parallel extension to the Ryuo mineralization. The new applications comprising a total of 2,567 hectares have now been accepted by the Ministry of Economy Trade and Industry (METI) Hokkaido. Announcement • Aug 18
Japan Gold Commences Drilling At the Saroma Prospect Japan Gold Corp. announce the commencement of drilling at the Saroma prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan. An initial four scout drill holes have been planned at the Saroma prospect to test a 1 km long section of the Saroma vein. Mapping around the shallow historical workings at Saroma has identified vein zones up to 7 m wide of fine-grained colloform-crustiform-ginguro banded quartz veins. Drilling will target the deeper extensions of these shallowly mined ore shoots for higher-grade mineralization. Located approximately 4 km south of the Kitano-o gold mine, the historic Saroma, Taiho and Chitose gold workings were developed on epithermal veins that step along a northeast trending fault zone which extends for at least 3.5 km along the Saroma valley. Operated during the 1930's, records show the Saroma mine produced 13,189 tons of ore at an average grade of 9.7 g/t gold between 1933 to 19391. There are no production records from the Taiho and Chitose workings, however, records indicate that exploration and mining commenced in these latter two areas immediately prior to the 1943 gold mining moratorium. The Company's field observations at the Saroma prospect show vein structures up to 7 m wide discontinuously exposed along a 1.5 km long strike zone. Texturally, the veins exhibit typical low-temperature fine-grained colloform-crustiform-ginguro banded quartz-adularia textures indicating good preservation of the epithermal system. Quartz veins at Saroma are hosted in Cretaceous basement sediments which form an excellent brittle host rock for veining and the significant strike extent and preservation of the epithermal system supports deeper drill-targeting for high-grade mineralization below the shallowly developed workings. Announcement • Aug 13
Japan Gold Corp., Annual General Meeting, Oct 20, 2022 Japan Gold Corp., Annual General Meeting, Oct 20, 2022. Announcement • Aug 03
Japan Gold Corp. Announces Completion of an Additional Seven Drill Holes At the Ryuo Prospect, and Commencement of Drilling At the Kitano-O Prospect in Hokkaido, Japan Japan Gold Corp. announced completion of an additional seven drill holes at the Ryuo prospect, and commencement of drilling at the Kitano-o prospect, both prospects are located within the 100% owned Ikutahara Project in Hokkaido, Japan. Seven additional drill holes were completed at Ryuo for a total of 2,888 m of diamond drill core between April and June this year. Drilling was positioned to step-out at approximate 50 m intervals from high- grade mineralization encountered in the 2021 drill program, and test continuity of mineralization along strike and to depth. Samples from the 7 drill holes have been submitted to the ALS laboratory in Vancouver for assay and results are expected to be released in September. Drilling operations have now moved to the east side of the Kitano-o prospect where three 700 m deep drill holes are planned. Drilling will target below combined geochemical and geophysical anomalies to locate the deeper source of gold mined from the Kitano-o placer deposits. Surface programs previously completed on the eastern side of the Kitano-o prospect show elevated gold and pathfinder element geochemistry in soil and rock supported by CSAMT resistivity anomalies which lie proximal to the intersection of major gravity inferred graben-bounding and transfer faults. More than 96,000 ounces of gold were produced from the Kitano-o mine, prior to the government-imposed closure in 19431. Gold was mined along a 3 km long zone from clay-rich placer deposits located immediately below the Kitano-o sinter. 2022 Ikutahara Project Surface Exploration Programs: Sampling of extensions to soil grids completed in 2021 at the Ryuo and at Kitano-o prospect has also commenced. Extensions to the soil grid at Ryuo will aim to advance additional drill targets both parallel and along strike of the known prospect area. At East Kitano-o, open-ended gold and pathfinder element anomalies on the north side of the grid extend towards the flank of Maruyama rhyolite dome. Dome margins are a prime site for epithermal vein deposits in the region. A good analogy of this is seen at the Konomai mine located 20 km to the north of the Ikutahara project where 2.35 Moz of gold were mined from a series of veins located within and along the margin of a rhyolite dome complex. A 3 km southward extension of the Kitano-o soil grid will further define the strike potential of en echelon veining at the historical Ikutahara and Showa mine workings. Sampling of historic mine dump material by the Company on these shallowly developed workings gave gold grades up to 93.3 g/t Au. Announcement • Jun 11
Japan Gold Expands the Aibetsu Project Following High-Grade Results from the Barrick Alliance Stream-Sediment Sampling Program Japan Gold Corp. announce acceptance by the Japanese Ministry of Economy, Trade and Industry ("METI") of 13 new prospecting rights applications covering 3,972 hectares between its Barrick Alliance Aibetsu and Tenryu Projects, in north Hokkaido. Stream-sediment samples analysed for gold and pathfinder elements were systematically collected at Aibetsu in 2020-21 as part of the larger regional screening program conducted across the BarrickAlliance projects. A review of the data has identified multiple, strong gold and pathfinder element basin anomalies across the Aibetsu and Tenryu project areas. Anomalous basins include those draining areas of known gold and mercury workings on the west side of Aibetsu and at Tenryu. Additionally, strong and contiguous basin anomalies defining a significantly larger area have now been identified both within and outside of the current project boundaries on the east side of Aibetsu, and Tenryu projects. Based on this information, new prospecting rights applications were filed to cover these open anomalies and the acceptance by METI gives the Barrick Alliance priority to advance the expanded Aibetsu district. Announcement • May 08
Ryuo Prospect Drilling Underway Japan Gold Commences Its 2022 Exploration Programs in Hokkaido Japan Gold Corp. announce the commencement of 2022 exploration programs with the start of drilling at the Ryuo prospect, located within the 100% owned Ikutahara Project in Hokkaido, Japan. All four Company owned and operated drill rigs have been mobilized to the Ryuo prospect with three rigs currently drilling and the fourth drill in place to allow flexibility in targeting options and to minimize down-time between drill holes. Eight initial 2022 drill holes, approximately 3,500 m of diamond drill core, are underway at Ryuo to test continuity of high-grade intersections encountered in the 11-hole 2021 drill program and to advance exploration on multiple targets along the 1.2 km long open-ended alteration corridor. Drilling at the Jinja vein is targeting continuity of wide high-grade vein intercepts including drill hole IKDD21-010 which intersected 20.0 m @ 6.3 g/t Au & 15.7 g/t Ag, and IKDD21-001 which intersected 4.9 m @ 12.1 g/t Au & 33.0 g/t Ag. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Director Mitsuhiko Yamada is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 24
Japan Gold Drills 20 M @ 6.3 g/t Gold and 0.45 M @ 1,395 g/t Gold at Ryuo Prospect Japan Gold Corp. announced results from eight additional scout drill holes at the Ryuo Prospect. Drilling has continued to encounter high-grade vein intersections along an 800 m open ended strike zone, following the success of three initial scout drill holes reported in September 2021. The Ikutahara Project in Hokkaido, which contains the Ryuo Prospect, is 100% held by Japan Gold and is not included in the Barrick Alliance. The Ryuo Prospect consists of five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943. Historical underground sampling in the Jinja vein workings revealed high-grade gold-silver mineralization including 'level 4' of the workings, which was sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m. Figure 3 illustrates a long-section of the Jinja vein workings with the underground sampling reported by the Metal Mining Agency of Japan. Summary of Drilling Results at Ryuo and the Implications for Ongoing Exploration: Drilling at the Ryuo Prospect recommenced in September 2021, following the three previously reported 2021 scout drill holes. Additional drilling comprised step-outs from the Jinja vein high-grade intersection in drill hole IKDD21-001 of 4.90 m @ 12.1 g/t Au & 33.0 g/t Ag, and along the 1.2 km corridor of historicalworkings and alteration that define the prospect. Eight diamond drill holes were completed, IKDD21-004 011 for 2,379.6 m. Jinja Vein Three new drill holes at the Jinja vein were oriented to step-out approximately 50 m, both laterally and down-dip from the high-grade intercept from IKDD21-001. the Jinja vein workings with the IKDD21-001, 004, 006, & 010 vein pierce-points.IKDD21-010 intersected the Jinja vein 40 m down-dip of the IKDD21-001 intersection, and gave a downhole mineralized interval of 20.0 m @ 6.3 g/t Au & 15.7 g/t Ag which included a number of high-grade intervals, up to 140 g/t Au. This intercept represents a dramatic increase in width and grade of the vein structure to depth. Very fine-grained colloform-crustiform and ginguro banded vein textures indicate the drill hole has intersected the upper portion of the vein zone and that high-grade mineralization should continue to depth. Drilling will recommence in March 2022 to test and expand the deeper and lateral extensions of the Jinja vein shoot. The Ryuei and Buryu vein targets are located between 500 m and 800 m to the southwest along strike of the mineralized structure hosting the Jinja vein. Historical workings exploited veins hosted in silicified hydrothermal breccias at Ryuei and Buryu, and drill holes IKDD21-008 and IKDD21-007 were located totest at depth below these workings. Drillhole IKDD21-003 (previously reported) intersected a mineralized interval of 2.12 m @ 6.3 g/t Au & 12.6 g/t Ag from chalcedonic quartz veins hosted in a wide (>100 m downhole length) hydrothermal breccia. IKDD21-008 was drilled from the same pad as IKDD21-003 at a steeper angle, targeting the depth extension and potentially better developed veins within the throat of the hydrothermal breccia. The drillhole intersected silicified hydrothermal breccia hosting banded quartz veinlets between 100 and 250 m downhole. Immediately below the lower contact of the breccia a 0.45 m wide quartz-sulphide vein gave an ultra high-grade assay of 0.45m @ 1,395.0 g/t Au & 768.0 g/t Ag from 254.15 m. IKDD21-007 located a further 250 m along strike to the southwest of IKDD-008 drilled the same silicified hydrothermal breccia body encountering numerous veinlets along its length with a peak result of 1.00 m @ 30.0 g/t Au & 284.0 g/t Ag from 233.30 m downhole. Laterally extensive silicified hydrothermal breccias are mapped along the axis of the 1.2 km long, open ended Ryuo alteration corridor. Such hydrothermal `eruption' or `vent' breccias are typical paleosurface manifestations of epithermal vein systems. The presence of extensive silicification, abundant mineralized quartz veinlets, strongly anomalous pathfinder elements including antimony, and the tapered vertical geometry of the breccia indicate strong vectors to epithermal-vein development at depth along the length of the prospect. Drilling at Ryuei and Buryu has yet to test the same elevations as the vein zone intersected in IKDD21-010 at Jinja. The 2022 drilling will target this structure at similar and deeper elevations across the Ryuo prospect. IKDD21-009 targeted the Shouei vein workings to the east of the Jinja vein but failed to intersect any significant veining beneath the workings. The drill hole was allowed to continue and encountered a broad and locally intense quartz-vein stockwork breccia zone between 260 and 289 m . This broad vein zone is anomalous in gold and silver along its length albeit at low levels, and hosts an included interval of 3.60 m @ 3.0 g/t Au & 22.3 g/t Ag from 360.40 m. This broad interval of veining represents a previously unknown, blind vein zone. Ongoing drilling will test this wide vein structure at shallower elevations for better developed gold grades. Drilling will resume at the Ryuo prospect in March with 8 additional drill holes. Soil samples collected in 2021 at Ryuo have provided new anomalous zones for follow up and the Ryuo soil grid will be expanded along anomalous extensions. BLEG sampling of drainages in the Ikutahara applications that lie to the south of Ryuo prospect will cover prospective geology between Ryuo and the historical Setose gold mine. Drill programs for the Saroma and East Kitano-o prospects are in the final stages of permitting and are expected to start in May. Surface geochemical and geophysical programs are planned for the North Kitano-o and Showa-Ikutahara prospects. Board Change • Nov 03
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Director Mitsuhiko Yamada is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director & Member of the Board of Advisors Paul Harbidge was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
Japan Gold Corp. Intersects High-Grade Veins in First Drill Holes At the Ryuo Prospect Japan Gold Corp. reported high-grade gold-silver intercepts from its first drill holes at the Ryuo Prospect, within the Ikutahara Project. The Ikutahara Project is 100% held by Japan Gold and is not included in the Barrick Alliance.
The Ryuo Prospect hosts five areas of workings along a 1 km open ended trend of alteration and mineralization that were developed prior to the government-imposed closure in 1943. Three initial scout drill holes totaling 828.3 m were completed between May and July 2021. Drill hole IKDD21-001 targeted down-dip extensions of high-grade gold-silver mineralization historically mined at the Jinja Vein. A broad mineralized interval was encountered (reported as downhole intervals) with the following results: 4.9 m @ 12.1 g/t Au & 33.0 g/t Ag from 60.6 m, (incl. 0.9 m @ 18.4 g/t Au & 115.8 g/t Ag from 60.6 m), (and 1.95 m @ 20.5 g/t Au & 21.0 g/t Ag from 63.55 m),(incl. 0.55 m @ 59.4 g/t Au & 49.5 g/t Ag from 63.9 m), (incl. 0.25 m @ 125.0 g/t Au & 97.0 g/t Ag from 64.2 m). The intersection in IKDD21-001 shows that high-grade gold and silver mineralization remains open to depth below the Jinja Vein workings and, having a true width of 4.74 m, is significantly wider than average vein widths reported historically in the underground workings. The intercepted vein zone exhibits multiple phases of hydrothermal brecciation, quartz and quartz-sulphide veining, including ginguro banding. The quartz vein textures are very fine-grained or chalcedonic, indicating the quartz veining is still high in the hydrothermal system and that mineralization should persist to depth. Drill hole IKDD21-003, located 550 m southwest of IKDD21-001, on a separate parallel structure, targeted mineralization below the Ryuei historical workings. Four separate zones of hydrothermal breccia up to 20
m in down-hole width were intersected down the length of the 350 m drill hole. Zones of fine- grained or chalcedonic quartz and quartz-sulphide vein-fill within the breccias included the following mineralized intercepts (reported as downhole intervals): 2.12 m @ 6.3 g/t Au & 12.6 g/t Ag from 81.2 m, (incl. 1.32 m @ 8.9 g/t Au & 17.6 g/t Ag from 81.55 m), (incl. 0.3 m @ 14.8 g/t Au & 27.8 g/t Ag from 81.95 m) and 0.5 m @ 3.1 g/t Au & 7.2 g/t Ag from 119.7 m. These multiple phases of hydrothermal brecciation, quartz and quartz-sulphide veining in IKDD21-003 may represent the upper, flared portions of an epithermal vein system which could possibly coalesce at
depth. Elevated path-finder element geochemistry including antimony, arsenic, and mercury associated with the hydrothermal breccias supports this model. Drill hole IKDD21-002 targeted the northeast strike extension of the Shouei Vein and a coincident CSAMT resistivity geophysical anomaly. The drill hole failed to intersect a significant vein zone apart from a narrow quartz-stockwork /faulted zone which is interpreted as the northeast extension of the Shouei structure. Workings at the Shouei Vein were as extensive as those at the Jinja Vein, but no detailed underground sampling data exists. Historical reports however indicate two parallel veins were exploited at
Shouei with shoots that carried gold and silver grades comparable to those at the Jinja Vein1,2. Based on the drill result at the Jinja Vein, 300 m to the northwest, further drilling will be required to test down-dip and
southwest strike extensions of the Shouei Vein which remain open. Announcement • Aug 05
Japan Gold Expands the Togi Project Following High-Grade Results from the Barrick Alliance Work Program Japan Gold Corp. announce acceptance by the Japanese Ministry of Economy, Trade and Industry ("METI") of 51 new prospecting rights applications covering approximately 145 sq km around its Barrick Alliance Togi Project, on the Noto Peninsula of Honshu Island. During November 2020, the Barrick Alliance collected 412 rock samples and 88 bulk leach extractable gold (BLEG) samples across the Togi Project. Systematic stream sediment sampling defined a continuous, 8 km long corridor of gold anomalous drainages within the Togi Project. These new additions to the Togi Project are part of the Barrick Alliances strategy to continue to expand the portfolio based on the identification of key prospectivity indicators throughout the gold provinces of Japan. Togi Project, now comprising 184.7 sq km, is located on the northern flank of a regional graben structure, hosted in early Miocene andesite volcanics, and under-lain by a northeast trending gravity anomaly. A similar geological and structural setting is noted 160 km along strike to the northeast at Sado Island. Sado Island hosts Japan's second large gold mine, the Sado Mine which produced of 2.5 million ounces of gold and 74 million ounces of silver1 prior to its closure in 1974. Gold mineralization was discovered in the Togi area in 1896 and historic records from the Togi Goldfield report seven separate areas of workings along a 7 km trend which produced a combined 48,000 oz of gold and 180,000 oz of silver between 1910-212. The Mori vein from the Hirochi group at the northeast end of the corridor was reported to be up to 4 m wide with production grades averaging 14 g/t gold2. Gold and silver mineralisation from the Urugami veins in the southwest of the corridor are hosted in stockwork vein and breccia zones. Mapped Sinter and the narrower stock-work style of quartz vein mineralization at Urugami indicate the top of a hot-spring epithermal system is preserved, supporting the potential for deeper boiling-zone vein targets at Togi. Price Target Changed • Jul 28
Price target decreased to CA$1.02 Down from CA$1.10, the current price target is provided by 1 analyst. New target price is 234% above last closing price of CA$0.30. Stock is down 10% over the past year. Announcement • Jun 26
Japan Gold Corp. announced that it expects to receive CAD 15 million in funding Japan Gold Corp. (TSXV:JG) announced a non-brokered private placement of 42,857,143 common shares of the company at a price of CAD 0.35 per share for gross proceeds of CAD 15,000,000 on June 24, 2021. The shares will be subject to a hold period of four months in accordance with applicable securities laws. The company has agreed to pay a finder's fee in cash equal to 6% of the gross proceeds from the sale of shares to third parties sourced by the finders as well as warrants to purchase that number of common shares equal to 6% of the number of shares sold to third parties sourced by the finder. Each finder's warrant will be exercisable into one common share of the company at an exercise price of CAD 0.35 per share for a period of 12 months from the date of closing. Announcement • May 27
Japan Gold Corp. Commences Drilling At the Ryuo Mine Prospect Japan Gold Corp. reported the start of drilling at the Ryuo Mine prospect located within the Ikutahara Project in the Kitami Region of northeast Hokkaido, Japan. The Ikutahara Project is 100% held by Japan Gold and is not included in the Barrick Alliance. An initial 3 drill holes will test targets below or adjacent to historical workings which have coincident CSAMT resistivity anomalies and gravity defined structures. 5 areas of workings were developed along a 1 km long, open ended zone of alteration and mineralization prior to the government-imposed closure in 1943. Underground sampling carried out in the 1950's at the Jinja vein workings, revealed zones of high- grade gold mineralization including one vein sampled over a strike length of 72 m returning average grades of 40.8 g/t Au and 193 g/t Ag (average vein width approximately 0.5 m). An additional 8 drill pads have been permitted across the prospect to allow for further drill testing based on results of the first 3 drill holes. The initial program of 3 drill holes totaling approximately 700 m, will target coincident CSAMT resistivity anomalies and gravity defined structures that lie below or adjacent to the Jinja, Shouei and Ryuei workings. Hole 1 has commenced drilling and is targeting the down-dip extension of high- grade mineralization mined at the Jinja vein. An additional 8 drill pads have been permitted to allow scout drill testing of inferred strike extensions and CSAMT resistivity anomalies. The Company is mobilising two more drill rigs to the Ryuo Mine to speed up drilling. Japan Gold has a highly experienced team of in-house drillers and has engaged the support of qualified engineers from Japan's most gold experienced drilling company to ensure the best compliance and efficiency for its drilling operations. Drilling results will be released at the completion of the first 3 drill holes. Figure 3 illustrates a long section of the Jinja vein workings with samples collected in the 1950's and reported by the Metal Mining Agency of Japan (MMAJ)1. High-grade gold/silver quartz veins were mapped on all four of the lower levels of the Jinja vein system. Chip-channel samples were collected across the veins at intervals spaced between 0.3 m and 4.7 m along strike. Mineralization sampled along level 4 averaged approximately 0.5 m in width and included a zone having a strike length of 72 m length averaging 40.8 g/t Au and 193 g/t Ag1. The published MMAJ data indicates high-grade mineralization present on levels 4, 5 and 6 (Figure 3) and importantly the presence of a high-grade gold event at Ryuo. Contiguous CSAMT resistivity anomalies defined along strike of the mine workings, and no previous exploration drilling provide potential for more discoveries of high-grade mineralization at Ryuo. Refer also to the Company's news release dated Feb. 9, 2017 for more information on the Ryuo Prospect. The Ikutahara Project also hosts the Kitami Region's third large gold mine, the historic Kitano-o Mine along with numerous other historic mines and workings that the Company is in the process of advancing. Announcement • Mar 17
Japan Gold Reports Results of Scout Drilling At Ohra-Takamine Epithermal Gold Project in Southern Kyushu Japan Gold Corp. announced the results of the three scout drill holes completed at its Ohra- Takamine Project in southern Kyushu. Drilling encountered narrow high-grade gold vein intercepts below the Urushi Mine, and multiple gold-anomalous sheeted quartz vein zones below the Ohra Mine workings. Ohra-Takamine Central Mine Corridor Scout Drill Program Three scout holes were drilled (total 1624.0 metres (m)) along the central 3.5 kilometres (km) corridor of alteration and epithermal-gold mineralization defined by the Ohra, Takamine and Urushi historic mines. Production records prior to the government-imposed closure of these mines in 1943, include high-grade vein shoots with grades greater than 20 g/t gold at the Ohra Mine, and between 50 to 100 g/t1 at the Urushi Mine. Drilling targeted below these high-grade shoots, which lie coincident with surface soil geochemical anomalies and CSAMT geophysical anomalies. Drilling Results · Drillhole OTDD20-001, targeting the down dip extension of the Urushi Mine workings, intersected 7 narrow, gold-anomalous quartz veins including highlight intercepts of: 0.35 m @ 21.7 g/t Au & 13 g/t Ag from 233.95 m; 4.15 m @ 1.6 g/t Au & 2.4 g/t Ag from 222.6 m (inc. 0.55 m @ 3.5 g/t Au & 4.5 g/t Ag from 225.7 m) (and. 0.25 m @ 6.5 g/t Au & 7.5 g/t Ag from 226.0 m); 1.2 m @ 1.5g/t Au & 31 g/t Ag from 114. 4m (inc. 0.4 m @ 3.2 g/t Au & 84 g/t Ag from 115.2 m). Drill hole OTDD19-001, drilled from the north side of the Ohra Mine, intersected a 4.5 m wide (down-hole width) quartz vein from 227 m down hole. A 0.35 m wide portion of the vein returned 1.7 g/t Au and 5.0 g/t Ag. Drillhole OTDD20-002, targeting beneath the Ohra Mine workings intersected numerous broad intervals of intense alteration and quartz veining from a downhole depth of 206 m to end of hole (584 m). These zones range from 4 to 40 m in downhole length. Urushi Mine: The mineralization intersected in the upper half of drill hole OTDD20-001, is separate and parallel to the veins mined in the Urushi workings, Figure 5. The up-dip extension of these veins is untested at the elevation of the Urushi Mine workings and may represent en echelon (parallel) repetitions of the high-grade veins mined at Urushi. The mineralized veins intersected below 326.9 m downhole appear to represent the down dip extension of vein structures mined historically in the Urushi workings. Within the mine alteration corridor, 8 drill holes were completed as part of government funded geological survey work by the Metal Mining Agency of Japan (MMAJ) during the 1980's. Two drill holes located north of the Urushi Mine encountered narrow high-grade mineralization and indicate the potential for mineralized extensions along the north side of the mine workings. The other MMAJ drill holes failed to reach the interpreted depth projection of the Ohra-Takamine vein system hence did not encounter significant mineralization. Ohra Mine: Drill hole OTDD20-002 targeted the depth extent of three, wide, banded epithermal veins mined from surface over a ~140 m vertical extension at the Ohra Mine. Surface outcrops of the three Ohra veins are up to 4.6 m wide and vary in width between 0.3 and 8 m underground. Eight discrete zones of intense sheeted to stockwork veining were intersected, varying in downhole length between 4 and 40 m. These zones contain numerous banded and single-phase, fine-grained quartz and quartz-carbonate veins and veinlets up to 30 centimetres (cm) wide. The five vein zones intersected between 228 and 360 m, immediately below the Ohra workings contain anomalously elevated gold values and are interpreted to represent the feeder structures to the Ohra veins mined in historical workings. Three vein network zones intersected deeper in the drill hole, between 420 to 523 m, could represent the feeder system to a separate, parallel vein system. The lower three vein zones show limited exposure at surface, ~250 m above, but their surface expression is characterised by strong, pervasive clay alteration and elevated gold and pathfinder element geochemistry in soils. Sinter sub-crops, and coincident CSAMT, soil and alteration anomalism are traceable along the mine corridor for 1.5 km from the Ohra Mine towards the Takamine Mine representing the strike extension the Ohra Mine veins. Is New 90 Day High Low • Feb 02
New 90-day high: CA$0.38 The company is up 13% from its price of CA$0.34 on 03 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 2.0% over the same period. Announcement • Dec 12
Japan Gold Provides an Exploration Update on the Barrick Alliance Gold Projects Japan Gold Corp. provided a progress report on the Barrick Alliance activities. The current status of evaluation of the Barrick Alliance Projects is summarized in the Barrick Alliance Progress Snapshot, at the end of this news release. Highlights: On December 2nd the Company announced the acquisition of three mining rights collectively called the Kowa Project and now included into the Barrick Alliance; • Geochemical sampling has been completed on 20 out of 30 Barrick Alliance Projects throughout Japan; Since the last update on October 21st, geochemical sampling has been completed on 10 of 11 Barrick Alliance Hokkaido Projects including: Sanru, Aibetsu, Tenryu, Numanoue, Hakuryu, Onne, Fujimi, Harutomi, Buho, Minamikayabe, and 50% of the new Kanehana Alliance project; Geochemical sampling is now also complete on the Togi Project in central Honshu; Geophysical gravity surveying has been completed on 8 out of 15 Barrick Alliance Projects in Southern Kyushu: Mizobe, Mizobe 1st Extension, Mizobe-Onoyama, Onoyama-Yamagano, Onoyama, Kurino, Gumyo and Isa; Geophysical gravity surveying will be completed at the Togi Project in December; Company personnel will spend the first 2 weeks of December in Southern Kyushu sampling the Ebino and Tobaru-Fuke Extension Projects before taking a break over the new year period. Is New 90 Day High Low • Nov 25
New 90-day low: CA$0.32 The company is down 6.0% from its price of CA$0.34 on 26 August 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 13% over the same period. Announcement • Nov 19
Sally Eyre Steps Downs as Non-Executive Director of Japan Gold Corp Centamin plc announced that Dr. Sally Eyre, Non-Executive Director of the Company, has stepped down as Non-Executive Director of Japan Gold Corp, with immediate effect. Announcement • Nov 18
Japan Gold Corp. Announces Board Changes Japan Gold Corp. announced the appointment of Mr. Paul Harbidge to its Board of Directors, effective immediately. Mr. Paul Harbidge is a geologist with over 26 years of experience and a proven track record in the
discovery of world class gold deposits. He holds a First Class Honours Degree in Geology from Kingston University, London (UK) and an MSc in Mineral Exploration and Mining Geology from Leicester University (UK). Paul is currently the President and CEO of GT Gold where he is leading the company in advancing the new gold rich copper porphyry project in northern British Columbia. Previously he served as Senior Vice President of Exploration at Goldcorp Inc. from 2016 until its acquisition by Newmont Mining Corp. in April 2019. In conjunction with this appointment, Dr. Sally Eyre has stepped down from the Board to focus on other business endeavours. Announcement • Oct 01
Japan Gold Announces Surface Sampling Results from Barrick Alliance - Mizobe Project Regional Program; 22 of 84 Rock Float Samples + 4G/T Gold Japan Gold Corp. reported encouraging geochemical and geophysical results from the Barrick Alliance regional work programs covering the Mizobe Project in the Southern Kyushu Epithermal Gold Province. Highlights: The Barrick Alliance regional programs, currently in progress, will cover all 29 projects (collectively approximately 1,600 square km) and include: Geochemistry - multielement geochemical stream sediment surveying, bulk leach extractable gold (BLEG) analysis and rock float sampling; Geophysics - gravity surveys; The Mizobe Project has been covered by both geochemistry and geophysics; 84 rock float samples collected with 54 assaying gold greater than 0.5 g/t Au including 22 assaying greater than 4 g/t Au with a peak value of 18.9 g/t Au; Several gravity-high features defined across the project coincide with at least four clusters of gold in rock float anomalies; Gravity data has undergone additional processing for structure detection and has identified several favorably oriented northeast trending features associated with gravity-highs. The Mizobe Project, which includes the Mizobe and Mizobe 1st Extension, is located along the western edge of the Kagoshima Graben in the gold-fertile Hokusatsu Region, Japan's largest gold producing region, with more than 11 million ounces of combined production from low-sulphidation epithermal deposits 2,3,4,5. The Mizobe Project covers 5,163.1 hectares and forms part of a larger contiguous project package covering 96,227 hectares or 80% of the prospective, explorable ground in the Hokusatsu Region. As part of Barrick Alliance regional assessment programs, stream sediment sampling, BLEG analysis, rock float sampling, and semi-detailed gravity surveying have been completed across the Mizobe Project. Of 84 rock float samples collected within the project 54 gave gold assays greater than 0.5 g/t Au including 22 which yielded results greater than 4 g/t Au, with a peak value of 18.9 g/t Au. Pathfinder elements including antimony are also strongly anomalous. Rock float sampling has confirmed several known anomalous drainage basins including those containing the historic Semari and Chuzono antimony mines, as well as highlighting two new anomalous catchments,
the Tamari valley and the Setodan valley on the western side of the project and the Fusayama valley, one km west of the Tamari valley. Anomalous rock samples collected comprise quartz-sulphide hydrothermal breccias, proximal to the Semari workings, and banded quartz vein style mineralization prevalent in the Fusayama and Tamari areas southeast of the historic workings. Strong antimony-gold anomalism and the superimposition of banded quartz veins on hydrothermal breccia, indicate the exposure of the upper portions of a gold bearing epithermal system. Deeper gold-rich feeder veins of the epithermal system will be the target of future exploration. The level and extent of the gold and antimony anomalism is highly encouraging as there is limited exposure of pre-mineralization host rock with much of the project area being covered by post- mineral volcanic ash. The BLEG sample assay results are pending and will help to further identify and refine anomalous catchments within the Mizobe Project and across the Hokusatsu Region. Announcement • Sep 24
Japan Gold Corp. (TSXV:JG) acquired Kanehana Project. Japan Gold Corp. (TSXV:JG) acquired Kanehana Project on July 15, 2020.
Japan Gold Corp. (TSXV:JG) completed the acquisition of Kanehana Project on July 15, 2020.