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#JGLDF is one of Barrick's more exciting exploration targets.
#NEM also tried to gain access to this opportunity, but in the end, they were edged out by #GOLD earlier in 2020 in a competitive scenario.
Now in August: The drills are turning -- directly over top of 2 existing mine sites, which should yield a far better than average chance of success!
I am guessing results of the first two drill holes will be announced in September.
They are also conducting surface exploration of 28 additional projects, and results of that exploration could be released any day.
#GOLD has an option to earn-into #JGLDF by investing additional monies, which seems like a win-win for both #GOLD and #JGLDF.
Those Japanese mines historically had huge output of high quality ore - there is a lot more to be mined.
On the negative side, this company needs better and more regular PR with its investors and the media.
The price is hardly up, even after this press release one hour ago announcing commencement of drilling.
Barrick is funding an initial two-year evaluation of 28 of Japan Gold's 30 projects in the country, under an alliance struck in February.
#JGLDF has spent the past several years mapping every potential gold mining site in Japan, and they are starting to drill the highest priority target this week!
They haven't done any marketing, so nobody seems to know about it.
#NEM #AUY
https://www.kitco.com/commentaries/investment-trends/2020-07-02/Why-this-gold-explorer-has-the-pedigree-and-partners-to-multiply-its-market-cap.html