Strategic Alliance with Barrick Gold Corp.
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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.
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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
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