Japan Gold ( (TSE:JG) ) has provided an update.
Japan Gold Corp. has reported promising results from its initial drill program at the Barrick Alliance Togi Project on Honshu Island, Japan. The drilling has uncovered potential extensions of a concealed low-sulfidation gold system at the Akasaka target, suggesting significant strike potential. This development supports the exploration model of a hidden epithermal system associated with the Mori vein workings. The project, fully funded by Barrick Gold, covers a historically productive area that has yielded significant gold and silver production in the past. The positive drill results bolster the potential for further exploration and development, with additional drilling scheduled for other projects.
More about Japan Gold
Japan Gold Corp. operates in the mining and exploration industry, focusing on gold exploration and development projects. The company is involved in identifying and advancing gold mining opportunities in Japan, particularly in partnership with Barrick Gold Corporation.
YTD Price Performance: 14.29%
Average Trading Volume: 58,646
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$22.31M
For detailed information about JG stock, go to TipRanks’ Stock Analysis page.