Strategic Alliance with Barrick Gold Corp. slide image

Strategic Alliance with Barrick Gold Corp.

• • Barrick Alliance Initial Evaluation Phase Extended to August 31, 2022 Barrick has spent US$5.6 million on the Initial Evaluation Phase up to December 31, 2021. JAPAN GOLD CORP. Geochemical sampling and geophysical surveys have identified over 40 significant gold anomalies of high interest. Barrick Alliance project portfolio area has increased 42% since formation. . • The Barrick Alliance has defined a series of Areas of Interest from the regional programs and is further refining AOls and ranking anomalies within the AOIs to guide ongoing work programs. The Initial Evaluation Phase has been extended to August 31, 2022 to enable the Barrick Alliance to review and evaluate all data collected across the portfolio and advance the most prospective areas to the Second Evaluation Phase. "The Barrick Alliance team has run an exceptional field campaign across the majority of the principal hydrothermal districts in Japan over the last two years. Our aim has been to evaluate and screen the full potential of these areas before becoming too focused on specific targets, so it is very rewarding to see the work defining some exciting target areas for the next phase of more detailed work. The time extension will enable us to receive all the data collected across the portfolio and our focus will then be on progressing the most prospective areas through the Second Evaluation Phase.' Joel Holliday, Barrick EVP Exploration دو TSXV: JG | OTCQB: JGLDF 7
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