Japan Gold Announces the Conclusion of the Barrick Alliance and Reports Ebino Drill Results

Core Viewpoint - Japan Gold Corp. has announced the termination of its strategic alliance with Barrick Mining Corporation, effective October 31, 2025, while also reporting results from its recent drilling program at the Ebino Project [1][4]. Group 1: Termination of Barrick Alliance - The Barrick Alliance was established in 2020 to explore and develop gold mineral properties in Japan, focusing on potential Tier 1 or Tier 2 gold deposits [2]. - Japan Gold received a total funding of approximately $23.16 million (US$17.38 million) from Barrick for work completed under the alliance, which included creating a geochemical and geophysical database for its 3,000 sq km mineral rights portfolio [3]. - As of the effective date, Barrick will no longer hold any rights or interests in Japan Gold's mineral rights, including the Barrick Alliance Projects [4]. Group 2: Future Plans and Exploration - Japan Gold remains committed to advancing its projects independently or through new joint ventures, focusing on two district-scale areas in Kyushu and Hokkaido, as well as several individual projects [5]. - The company is actively engaged in discussions with interested parties regarding exploration opportunities in Japan [5]. Group 3: Ebino Project Drill Results - The recent three-hole diamond drill program at the Ebino Project confirmed the extension of a regional alteration system in the Hokusatsu District, which hosts significant gold mines [6][8]. - The drilling program totaled 1,528 meters and targeted gold mineralization in historically underexplored areas, successfully intersecting zones of hydrothermal clay alteration [9]. - Although significant gold mineralization was not found, the results are considered encouraging for future exploration efforts [9].