WOODSTOCK, ON / ACCESSWIRE / December 23, 2016 / Joshua Gold Resources Inc. (OTC PINK: JSHG) ("JSHG", or "Joshua") is pleased to announce that it has entered into a Joint Venture agreement to acquire a 50% interest in 21 claim groups, totaling 840 acres, in the Swayze township gold belt approximately 90 kilometres south west of Timmins.
These properties are known as the 'Charlie One property', referred to as the "C1" property. To acquire its interest, JSHG will issue 10 Million JSHG common shares to the Vendors and $10 thousand dollars on signing and spend $500,000 in exploration on the properties over 30 months and pay $750,000 within 36 months.
The claim group is contiguous to the historic Kenty mine on the east, west and north.
Joshua plans to commence a diamond drilling program on the C1 property gold prospects late in February or early in March 2017.
Ben Fuschino, CEO of JSHG comments, "It has been a long process, but acquiring this land package gives us some great potential in a prolific gold area. I am looking forward to getting our exploration program started in early 2017."
Ben Fuschino further states, "Joshua will focus all efforts on our C1 property in Northern Ontario and on our wholly owned 1,200 acre gold prospect, the Carson property, in the North West Territories. Joshua will also continue to seek other opportunities in the resource sector and we anticipate adding to our portfolio of resource properties."
The company will inform the public on our exploration activities as warranted.
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