Receive our newsletter – data, insights and analysis delivered to you
  1. News
September 24, 2020

Barrick-Japan Gold alliance acquires new gold project

Mineral exploration firm Japan Gold, in alliance with Barrick, has announced that it has acquired the Kanehana project in the Kitami province of north-east Hokkaido in Japan.

Mineral exploration firm Japan Gold, in alliance with Barrick Gold, has announced that it has acquired the Kanehana project in the Kitami province of north-east Hokkaido in Japan.

The project, which is spread across 12,431ha, comprises 40 new claims and covers seven historic gold mines.

It adjoins the west side of Japan Gold’s Ikutahara project.

Barrick Gold and Japan Gold announced their alliance in February, known as the Barrick Alliance, to jointly explore, develop and mine certain gold mineral properties and mining projects.

The province is known to host numerous historic gold mines, including the Konomai mine, which produced 2.35 million ounces (Moz) grading 6.4 gram per tonne (g/t) gold and 40Moz of silver prior to its closure in 1974.

The Konomai mine is the third-largest gold mine in Japan.

Content from our partners
Digitalisation and its impact on the mining industry
Case study: how to save time, cost, and mining interaction for service and dewatering bores
Innovations in mining and the future of the industry

Under the joint venture, Japan Gold and Barrick Gold completed bulk leach extractable gold (BLEG) and rock chip sampling over eight of the several Barrick Alliance projects in the Southern Kyushu Epithermal Gold Province within the Hokusatsu region of Japan.

Japan Gold has expanded its portfolio to reach a total of 31 projects across Japan’s three largest islands, Hokkaido, Honshu, and Kyushu. The alliance with Barrick covers 28 of those projects.

Last month, Japan Gold and Barrick Gold moved forward with exploration activities in the Kitami region as part of their joint efforts to explore the country’s gold mining potential.

In May, Japan Gold and Barrick Gold announced plans to jointly explore and develop certain gold mineral properties and mining projects in Japan.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU