Joshua Gold Resources Inc. - New Business Project 2014-09-30 08:00 ET -
News Release TORONTO, ON -- (Marketwired) -- 09/30/14
Joshua Gold Resources Inc. ("Joshua" or the "Company") (PINKSHEETS: JSHG) announces that, with a view to diversifying its business projects, it has entered into a Letter of Intent (the "LOI") with NexGen Oil Inc. and Clean Oil Innovations Inc. (collectively "Clean Oil") to acquire the Canadian rights to Clean Oil's innovative and proprietary diluent, which provides an extremely efficient and cost effective means of extracting more oil from a well or reserve (be it oil sands, shale etc.) than current techniques. Clean Oil's proprietary KBT-1 facilitates a reduction in the need for steaming, or super heating the ground or reserve area, thus eliminating the unnecessary burning of vast quantities of natural gas and the resultant carbon footprint. KBT-1 can also help in eliminating the immense and polluted "tail ponds" associated with current oil sand extraction techniques.
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Joshua Gold Resources has added 800 acres of mineral claims to its Brougham Property.
Joshua Gold Resources Inc. (the “Company”) has increased its land holdings in the area of the Brougham Property in Mining District 90 of Southern Ontario, Canada. The additional claims expand the company’s property position in the area by 800 acres (323.75 hectares), adding to the land position that was acquired on November 14, 2013. It was determined by an independent geologist, that open ground on strike directly to the west of the property remained available. The company has completed an initial site visit by an independent geologist – Warren Hawkins for review of the topography and accessibility, with the aim of completion of preliminary surface sampling and completion of recommendations for a work program to commence in the spring of 2014. The additional claims were acquired by the company through Map Staking. Brougham Property
Natural graphite production exceeded 1,100,000 metric tonnes worldwide in 2012. Of total production, flake accounted for 55%, amorphous 44% and vein 1%.
Demand for flake Graphite has increased dramatically. The current world price ranges between $1,400 and $2,000 based on quality and is expected to hold to this price level and grow in the future, due to restricted supply. Graphite has traditionally been used in steel making, lubricants, refractory’s and battery anodes will continue. There are currently new and growing applications for Graphite and recently discovered in 2004, Graphene an associated new material.
A new application for Graphite is in electric vehicle batteries which are anticipated to increase graphite demand. As an example, a lithium-ion battery in a fully electric Nissan Leaf contains nearly 40 kg of graphite.
Graphene is 200 times stronger than steel, thinner than a sheet of paper, and more conductive than copper. Applications are currently using and testing graphene for expanded use, as it makes:
- Solar – 50x-100x more efficient
- Semiconductors – 50x-100x faster
- Aircraft and motor vehicles – 70% lighter
- Batteries charge10x faster and store 10x more power…
- Phones and computer displays that bend and fold.