Lithium-bearing pegmatite exploration at JSHG property

Joshua Gold Resources Inc. is pleased to announce that its exploration team will be conducting an on-site sampling program of seven potential mineral outcrops at its Seymour Lake Extension property, which lies just 300 meters east of Green Technology Metals (ASX: GT1) lithium site.

JSHG’s on-site exploration plans follow recent LiDAR survey results that show seven potential mineral outcrops on the property. Once samples have been collected, lab analysis will be conducted which could reveal the presence of lithium-bearing pegmatite.

Using the survey data, JSHG’s Chief Geologist, Fred Sharpley (QP), was able to assess that the property appears to have a geological structure consistent with a potential lithium mineral deposit, along with the presence of indicator minerals, like pegmatite, suggesting the same:

“The lithium occurs in pegmatite related to the lenticular hornblende tonalite and granite batholith. The pegmatite deposits occur as:

  • Structural zones related to the contact of the granite and mafic volcanics.
  • North-South structural zones within the granite.”

The company’s exploration progress also follows recent news from the neighboring Green Technology Metals lithium property. The company reported that the site had doubled its interim mineral resource to 9.9MT @ 1.04% Li20 (a 105% increase over previous data).

The Green Metal Technology site’s indicated category mineral resource is also reported to have increased 2.5x to 5.2 Mt @ 1.29% Li20, and approximately 53% of total Seymour Mineral Resource is classified as Indicated.

In addition to their promising results, neighboring Green Technology Metals recently announced a strategic collaboration agreement (SCA) with the major North American lithium industry participant Lithium Americas Corp (TSX/NYSE: LAC).

Their agreement builds upon a previously created collaboration framework between the two companies. It also establishes a Strategic Management Committee to help govern the evaluation of joint exploration and development opportunities.

While not indicative of future performance, these are important steps in modern mineral exploration. Given the property’s proximity to the Green Technology Metals lithium site, and that company’s partnership announcement as well as the recent LiDAR exploration results it is particularly interesting for JSHG.

Regarding the exciting next steps at the Joshua Gold Resources property, along with the developments from the neighboring Green Technology Metals site, company President Ben Fuschino said:

“We are excited to be advancing into the next step of exploration of our Seymour Lake Extension property, especially as we receive updates from the adjoining Green Technology Metals site.

While still very early, at this stage it’s encouraging to see collaboration happening with important partners like Lithium Americas Corp. We look forward to reporting soon on the analysis of our own sampling program from the same area.”

About Joshua Gold Resources Inc.

Joshua Gold Resources Inc. (OTC Pink: JSHG) is a publicly traded American gold and mineral exploration company headquartered in Canada, home to the 3 billion-year-old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, lithium, cobalt, niobium, lithium to chromium.

Safe Harbor Statement: This press release contains forward looking statements of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward looking statements are not a guarantee of future performance and results, and will not be accurate indications of the times, or by, which such performance will be achieved.

Investor Relations Contact:

Peter Nicosia, President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com

Seymour Lake Extension map showing two indications of possible pegmatite outcrops revealed by the drone-enabled LiDAR survey
Data from the recent drone-enabled LiDAR survey showing two of seven potential pegmatite outcrops that the JSHG team will visit during the on-site sampling program.

In Likely First, Joshua Gold Resources Receives Approval of Drone LiDAR Results

Joshua Gold Resources Inc. (OTCMKTS: JSHG) is proud to announce that it has received what it believes is the very first government approval of mining survey results generated using drone-enabled LiDAR technology in the province of Ontario.

The 8-hour survey took place on May 27 and 28 of 2022 at Joshua Gold Resources’ McCool property, a gold prospect located in northern Ontario. The survey results received approval by MENDM (Ministry of Energy, Northern Development and Mines) on September 2, 2022.

LiDAR, which stands for Light Detection and Ranging, uses laser pulses to help generate precise, three dimensional information about the characteristics of the earth’s surface. It offers several advantages over other surveying methods, like the ability to penetrate tree canopy, making it extremely well suited to mineral exploration. Using LiDAR enables exploration teams to better assess surface features, and plays a critical role in dictating the next steps in exploration.

Until recently LiDAR surveying relied on human-operated flights by plane or helicopter, making it a costly and time consuming exploration method. By harnessing advancements in drone technology, the cost of completing a LiDAR survey has been reduced by approximately 80%. This is a major step forward for JSHG, our partners and the industry, and will enable more investment into property exploration.

On top of the substantial savings, drone-operated LiDAR also produces higher resolution imaging versus human operated LiDAR flights. This is because drones are able to operate at much lower altitudes, thereby placing the scanning device several factors closer to the surface being surveyed.

While JSHG is confident that this survey was the first of its kind to receive approval by MENDM, it isn’t the first time the company has commissioned this innovative technology.

Prior to the McCool property survey, drone-enabled LiDAR was first used to complete a survey at the company’s Seymour Lake Extension property, a potential lithium deposit located in Northern Ontario. These results received approval by MENDM on September 12, 2022.

Located approximately 60 Kilometers north of Thunder Bay, Ontario, JSHG’s Seymour Lake Extension property, covers 1371 acres, and sits just 300 meters east of Green Technology Metals’ (ASX: GT1) Seymour Lake lithium deposit – a site estimated to have a total mineral resource tonnage of 9.9 Mt @ 1.04% Li2O, and an indicated category mineral resource of 5.2 Mt @ 1.29% Li2O.

Using the LiDAR survey results, JSHG’s geological team, headed by Chief Geologist Fred Sharpley (QP), was able to assess that the property appears to have a geological structure consistent with a potential lithium mineral deposit, along with the presence of indicator minerals, like pegmatite, suggesting the same:

“The lithium occurs in pegmatite related to the lenticular hornblende tonalite and granite batholith. The pegmatite deposits occur as:

  • Structural zones related to the contact of the granite and mafic volcanics.  
  • North-South structural zones within the granite.

On the Seymour Extension property, a LiDAR Survey over parts of the property identified two mineral outcrops that are interpreted as pegmatite related to a north-south structure primarily within the granite at Seymour Lake.

An exploration program of prospecting and sampling is recommended.”

Regarding the LiDAR survey, Joshua Gold Resources President Ben Fuschino said, “I am proud of our geological team for deploying new innovative technology, reducing our exploration costs while at the same time increasing JSHG’s mineral exploration productivity.”

Conducting this LiDAR survey by drone comes at an exciting time for JSHG. In addition to this provincial first, the mineral exploration company recently named Peter D’Jay as an Independent Director, launched a brand new website and announced the acquisition of a new potential gold property located in northern Ontario.

About Joshua Gold Resources Inc.

Joshua Gold Resources Inc. (OTC Pink: JSHG) is a publicly traded American gold and mineral exploration company headquartered in Canada, home to the 3 billion-year-old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, lithium, cobalt, niobium, lithium to chromium.

Safe Harbor Statement: This press release contains forward looking statements of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward looking statements are not a guarantee of future performance and results, and will not be accurate indications of the times, or by, which such performance will be achieved.

Investor Relations Contact:

Peter Nicosia, President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com

Image of Joshua Gold Resources’ McCool property LiDAR survey showing an exposed rock outcrop.
Image of Joshua Gold Resources’ McCool property LiDAR survey showing an exposed rock outcrop.
Seymour Lake Extension map showing two indications of possible pegmatite outcrops revealed by the drone-enabled LiDAR survey
Seymour Lake Extension map showing two indications of possible pegmatite outcrops revealed by the drone-enabled LiDAR survey

Potential Lithium Indicators Surveyed on Joshua Gold Resources Property

Joshua Gold Resources Inc. (JSHG / OTC Pink Sheets) is pleased to share lithium-related news from its Seymour Lake Extension property, following an update from Fred Sharpley, JSHG Chief Geologist and QP (Qualified Person).

Located approximately 60 Kilometers north of Thunder Bay, Ontario, JSHG’s 100% owned Seymour Lake Extension lithium prospect property consists of 27 unpatented claims, covering 1371 acres. It is situated within the Caribou-Marshall Lake Greenstone Belt, and is 300 meters east of Green Technology Metals’ (ASX: GT1) Seymour Lake lithium deposit – which is estimated to contain 2-3 million tons of 1.25% lithium.

Mr. Sharpley remarks that the property appears to have a geological structure consistent with a potential lithium mineral deposit, along with the presence of indicator minerals, like pegmatite, suggesting the same:

“The lithium occurs in pegmatite related to the lenticular hornblende tonalite and granite batholith. The pegmatite deposits occur as:

Structural zones related to the contact of the granite and mafic volcanics.
North-South structural zones within the granite.

On the Seymour Extension property, a LIDAR Survey over parts of the property identified two mineral outcrops that are interpreted as pegmatite related to a north-south structure primarily within the granite at Seymour Lake.

An exploration program of prospecting and sampling is recommended.”

This assessment is based on the recent survey of the Seymour Lake Extension property, and is backed up by Mr. Sharpley’s 60 years of experience working around the world in resource exploration.

Mr. Sharpley, who holds a B.A.Sc. from the University of Saskatchewan, has worked for an impressive list of companies, including Keevil Mining Group, Temagami Mining Company Ltd. and Lacana in Mexico on the La Encantada Project.

He also spent a brief period working at Silverfields in Cobalt, Ontario as well as two years in Bathurst, New Brunswick, where he was engaged in general exploration.

In addition to JSHG, Mr. Sharpley has explored gold opportunities for other Canadian mining companies including Opawica Explorations Inc., Pelangio Mines Inc.,Detour Gold Corp., Wolfden, Sabina, NFX and Mistango River Resources Inc.

Joshua Gold Resources CEO Ben Fuschino adds, ”Lithium is one of the metals that is the future of new-energy technology. We are happy to have such a prospect in our property portfolio, and are looking forward to the results from our exploration team.”

About Joshua Gold Resources Inc.

Joshua Gold Resources Inc. (OTC Pink: JSHG) is a publicly traded American gold and mineral exploration company headquartered in Canada, home to the 3 billion-year-old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, lithium, cobalt, niobium, lithium to chromium.

Safe Harbor Statement: This press release contains forward looking statements of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward looking statements are not a guarantee of future performance and results, and will not be accurate indications of the times, or by, which such performance will be achieved.

Investor Relations Contact:

Peter Nicosia, President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com

Map of JSHG Seymour Lake Extension property
Map of the JSHG Seymour Lake Extension property