• 5 hours Is Tech Billionaire Peter Thiel Done With Trump?
  • 11 hours Musk Takes To Twitter To Troll The SEC
  • 1 day Lunar Mining May Commence As Early As 2025
  • 2 days Immigration Will Go Bust Without $1.2B Bailout
  • 2 days The Economics Of The Space Race
  • 4 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 4 days How Much More Cash Can Uber Burn?
  • 4 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 5 days EU-U.S. Trade Relations Are Deteriorating
  • 5 days Over 184 Companies Have Bailed On Facebook
  • 5 days BP Sells Petrochemical Business For $5 Billion
  • 6 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 6 days E-Commerce Explodes As Boomers Go Digital
  • 6 days Major U.S. Cities Are Turning To Renewables
  • 7 days Economic Reopening Backfires, COVID Surge Snaps Recovery
  • 7 days How Are Low Car Sales Impacting The Metals Market?
  • 8 days Are Gold Stocks Still Undervalued?
  • 9 days Singapore's $3 Billion Oil Trading Scandal
  • 9 days Luxury Clothing Isn’t A Priority As Americans Grapple With COVID-19
  • 10 days Natural Gas Demand Hits 25-Year Low
Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Commodities
  3. Precious Metals

Barrick Gold Launches Exploration Program In Japan

Gold Exploration

Barrick (TSX: ABX) (NYSE: GOLD) and Japan Gold (TSX-V: JG) have kicked off their joint exploration program in the Asian country under an alliance formed in February, which seeks to uncover the nation’s gold mining potential.

The partnership, known as Barrick Alliance, will see the Canadian gold giant sole-fund a two-year initial evaluation phase of 28 out of the Japan Gold’s 30 projects in the country.

Barrick will also finance a third year of explorations on assets that meet its criteria.

Japan Gold said the alliance had formed an executive and a technical committee with representatives from both companies to lead the evaluation.

The junior noted the regional program includes stream sediment sampling and gravity surveys on the islands of Kyushu, Honshu and Hokkaido.

“The regional exploration program will assist the Barrick Alliance in evaluating the Japan Gold portfolio of projects to determine areas with anomalous gold showings and potentially fertile large structures,” chairman and chief executive officer, John Proust, said in the statement.

Exploration geologists and field assistants have already moved to Kyushu, the southernmost of Japan’s main islands, where they are undergoing 14-day self-isolation prior to beginning work.

The program will progress from the south to the north of the country and is anticipated to be completed within one year, with Japan Gold acting as the operator.

By Mining.com 

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment