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

Joshua Gold Appoints New Independent Director

Joshua Gold Resources Inc. (JSHG / OTC Pink Sheets) is pleased to announce the appointment of Peter D’Jay to the company as an Independent Director. This exciting news follows the recent announcement of our acquisition of the Champion Gold Mine in Northern Ontario, Canada.

As an Independent Director, Peter will be responsible for the continued development of Joshua Gold Resources’ corporate credibility and ensuring good governance of the company. He will function as a steward of corporate operations, play a vital role in risk management and guide our company as we continue to grow.

Throughout his 35-year career, Mr. D’Jay has built an extensive network of contacts, and consistently created value for mineral resource development organizations, real estate development companies and startups.

Peter graduated from the University of Colorado in 1984 and holds a Bachelor of Arts Degree in Environmental Science as well as an Elementary Education Certification.

Mr. D’Jay’s previous experience includes the position as Independent Director for another publicly traded exploration company. He also served as Independent Liaison with JPAI, an internationally funded development finance advisory for clean energy and environmental projects.

Presently, Peter is a highly regarded sales consultant for several companies, including KIR Collection and ZenPotamus. During the winter months Peter also serves as a ski instructor for Vail Mountain in Colorado, USA.

“On behalf of my fellow directors, I am pleased to welcome Peter to the team”, Joshua Gold President, Ben Fuschino said. “He joins the board at an exciting time in the company’s growth, as we continue to grow our portfolio, and ultimately unlock the inherent value of our existing properties in the North American mining and exploration landscape.”

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

Peter D'Jay - Independent Director
Peter D'Jay - Independent Director of Joshua Gold Resources

Joshua Gold Resources Acquires Champion Gold Mine

Joshua Gold Resources Inc. (JSHG, pink sheets) is pleased to announce that it has acquired the Champion Mine (UTM, NAD 83, Easterly 404799.37, Northerly 5513456.90) in the Kenora region of North West Ontario in Haycock Township. JSHG acquired the gold and silver mine as it owns contiguous mineral claims to the mine and the patent owner defaulted on the taxes placing the mine under 100% JSHG ownership.

The Champion Mine was discovered in 1898. Historical records are sketchy, but in 1926, 231 tons of ore was milled producing 107 ounces of gold and 15 ounces of silver. Read more on MNDM.

Fred Sharpley, P.Geo, QP (Qualified Person) describes the Champion Mine’s geology:

“The Haycock Gold Property consists of northeast trending Island Lake Quartz Diorite and mafic volcanics to the south. Shearing at 030 degrees later occurred in both rock types with banded quartz-tourmaline gold mineralization.

The property consists of three mineralized shear zones, the Silverman, Treasure and East, located 9 km east of Kenora on Highway 17 in the Quartz Diorite over a strike length of 600-1000 meters.

The Champion Mine Shaft on the Silverman Zone was sunk to a depth of 235 feet with an inclined shaft, with levels at 120 and 220 feet. Six diamond drill holes in 1945-46 totaling 230 meters returned gold values over a length of 14 feet assaying 0.40 oz/t, 0.56 oz/t over 11 feet: 0.48 oz/t over 7 feet and 0.176 oz/t over 1.5 feet.

It is recommended to carry out mechanical stripping, surface check sampling followed by 1000 meters of diamond drilling on the three zones.”

This month JSHG’s geology team will be sampling the shaft on the Champion Mine and will release the findings.

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: bullinadvantage@aol.com

JSHG Announces C1 JV Property Drill Results

September 9, 2020, Woodstock, Ontario – Joshua Gold Resources Inc. (OTC: JSHG) an American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield is pleased to announce results from drill hole J-11-20 that was completed on the C1 JV Property (“Property”) during the month of July 2020.

The Property is located approximately 115 km southwest of Timmins, Ontario.  The Timmins area is one of the richest goldfields in the world, and over the past century has produced more gold than any mining region in Canada. Today, the city of Timmins, northern Ontario’s third largest, remains one of Canada’s major mining centers.

Drill hole number J-11-20, drilled to a depth of 263.00 m with a dip of -60 degrees to undercut the mineralization intersection in drill holes J-10-20 and J-10b-20.  Drill holes J-10-20 and J-10b-20, drilled in February 2020, were collared at 378425E/5299845N, and drilled at an azimuth of 340 degrees and dip of -50 degrees.  Drill hole J-10-20 was abandoned at 71.00 m due to ground conditions, and was re-started as J-10b-20 and drilled to a final depth of 206.00 m.  Drill hole J-10b-20 intersected 1.53 g/t Au over a sampled length of 0.50 m from 152.80 to 153.30 m.

Drill hole J-11-20 intersected narrow zones of gold mineralization throughout the sampled sections.  Highlights include:

  • 05 g/t Au over 0.30 m from 28.20 to 28.50 m
  • 14 g/t Au over 0.58 m from 31.98 to 32.56 m
  • 38 g/t Au over 0.50 m from 87.50 to 88.00 m

Gold mineralization is associated with narrow <1cm to 15 cm wide quartz-feldspar-ankerite veins hosted mainly within mafic volcanic rocks, but also within feldspar porphyritic dykes.  Gold values show a strong association with pyrite content.

Additional infill sampling is currently being completed and will be made available once results have been received.

Ben Fuschino, JSHG CEO, comments, “We are extremely pleased with the drilling results.  Our Drilling and geology team will continue exploration on the C1 property during the fall season. “

Significant results and Collar information for the drill hole are summarized below in Tables 1 and 2.

Table 1: Collar Information

DDH Easting Northing Azimuth Dip Length (m)
J-11-20 378425 5299845 340 -60 263.00

 

Table 2: Summary of Diamond Drill Results

DDH From (m) To (m) Length (m) Au (g/t)
J-11-20 28.20 28.50 0.30 1.05
  31.98 32.56 0.58 3.14
  42.00 42.50 0.50 0.46
  87.50 88.00 0.50 1.38
  92.00 92.72 0.72 0.47
  129.50 129.75 0.25 0.80
  165.00 165.75 0.75 0.57
  237.00 238.00 1.00 0.50

Note: Intervals reported in Table 2 represent core lengths and not true widths.

QA/QC Program Joshua implemented a quality assurance/quality control (QA/QC) program for the recently completed diamond drilling program on the C1 JV Property.

Diamond drill core was logged, and where marked for sampling, split in half with a hydraulic splitter, with one half placed in a labelled sample bag, and the remaining half placed back into the core tray and stored in a secure location.. A blank and a standard were inserted in the assay sampling sequence alternating at every 10th sample. All samples were dropped off by a representative of Joshua to Activation Laboratories prep lab in North Bay, Ontario. Once the samples are received and dried at the laboratory, the samples are then crushed to 80% passing 10 mesh (2 mm) and then split into 250 gram sub-sample size using a Jones Riffle Splitter. These sub-samples are then pulverized (using rings and pucks to 90% passing 200 mesh (0.075 mm) and homogenized prior to analysis. Gold analysis is performed using a 30 g charge by fire assay using lead collection with a silver in quart (1A2 package). The lower detection limit is 5 ppb, and the upper detection limit is 5000 ppb for this analysis.  A gravimetric finish (1A3 package) is completed for any samples that return greater than 5000 ppb that includes crushing of the entire sample to -150 mesh and subsequently sieved through a 150 mesh screen. The entire +150 mesh portion is assayed, along with two duplicate cuts of the -150 mesh portion. Results are reported as a calculated weighted average of gold in the entire sample.

The technical content of this news release has been reviewed and approved by Joerg Kleinboeck, P.Geo., a Qualified Person as defined by National Instrument 43-101.

Joshua Gold Resources Inc. (OTC Pink: JSHG) a publicly traded American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, cobalt, niobium to chromium. Please visit https://www.joshuagoldresources.com/ for more information.

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.

IR Contact: Wall Street Media Group,

(1)-833-906-0327 or info@Wallstreetmediagroup.com

 

Joshua Gold Engages Project Manager for its C1 and Kenty Properties, Drilling Program to Commence

WOODSTOCK, Ontario, July 23, 2020 (GLOBE NEWSWIRE) — Joshua Gold Resources Inc. (OTC: JSHG) is pleased to announce the engagement of Joerg Kleinboeck, P.Geo., to the Joshua Gold Resources management team.  Mr. Kleinboeck was the author of our recent NI 43-101 and had found an interest in further working with Joshua Gold to maximize the company’s resources and advancement of its mineral properties.

Ben Fuschino, CEO stated, “The company is pleased to engage Joerg Kleinboeck as the Qualified Person for Joshua Gold Resources. Mr. Kleinboeck will take on the role as the Company’s Project Manager and will work with our drilling team on programs that have been outlined for the Kenty and C-1 Properties, along with compiling historical data on the properties.  The NI 43-101 report has been filed, and can also be found on the company’s website, www.joshuagoldresources.com.

Filing of the 43-101 represents the culmination of many years of persistence by the Joshua Gold Resources Inc. JSHG Properties are located in the – western region of the mineral-rich Abitibi greenstone belt, an established gold mining district having produced over -170 million ounces of gold since 1901. We believe this region is one of the few remaining areas around the world where Tier 1 gold deposits can still be discovered, built and mined profitably.” He continued, “Joerg has done an excellent job at sorting out the historical exploration work done on the C1 Property which led to generation of several exploration targets.  We will start drilling again next week and our geological team will exploit Joerg’s interpretations of the historical data.”

Joshua Gold Resources Inc. (OTC: JSHG) a publicly traded American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, cobalt, niobium to chromium. For more information on JSHG go to https://www.joshuagoldresources.com/

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.

IR: Contact Wall Street Media Group 1-833-906-0327 or info@Wallstreetmediagroup.com

Website: www.joshuagoldresources.com

Joshua Gold Resources produces new 43-101 National Instrument on C1 JV Property

Joshua Gold Resources produces new 43-101 National Instrument on C1 JV Property

Woodstock, Ontario–(July 1, 2020) – Joshua Gold Resources Inc. (OTC Pink: JSHG) is pleased to announce a 43-101 National Instrument document has been completed by Joerg Kleinboek Professional Geologist. The N43-101 document has been posted, read the document at the company website, www.joshuagoldresources.com.

Ben Fuschino, CEO comments, “This filing of the 43-101 represents the culmination of many years of persistence by the Joshua Gold Resources Inc. JSHG team in the Swayze Greenstone belt area located in the western region of the mineral-rich Abitibi greenstone belt, the gold belt is an established gold mining district having produced over 100 mines, and 170 million ounces of gold since 1901. We believe this region is one of the few remaining areas around the world where Tier 1 gold deposits can still be discovered, built and mined profitably”. He continued, “Joerg has done an excellent job at sorting out the historical geological exploration done on the C1 property, which will greatly aid us moving forward in our exploration.  We will start drilling again next week and our geological team will exploit Joerg’s interpretations of the historical data.”

C1 Picture of #8 in the 43-101 doc which shows a large quartz vein

Further, the Company would like to announce that The Depository Trust Corporation (the “DTC”) has approved the JSHG common stock for DWAC/FAST transfer through the Company’s Transfer Agent, V-Stock Transfer, LLC. This newly approved stock transfer capability will enable JSHG shareholders to transfer their shares of JSHG stock electronically after buying or selling, with the goal to improve the process associated with the transfer of physical stock certificates.

“The Company is very pleased to have secured this DWAC approval from DTC. We believe that this DWAC eligibility will have a positive effect on shareholders looking to deposit shares,” said Ben Fuschino, CEO.

Joshua Gold Resources Inc. (OTC: JSHG) a publicly traded American gold and mineral exploration company headquartered in Canada, home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper, cobalt, niobium to chromium. For more information on JSHG go to https://www.joshuagoldresources.com/

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.

IR: Contact Wall Street Media Group 1-833-906-0327 or info@Wallstreetmediagroup.com

Website: www.joshuagoldresources.com

JSHG Acquires Three Mineral Properties in Northern Ontario

Woodstock, Ontario — Joshua Gold Resources Inc. (OTC Pink: JSHG) is
pleased to announce it has acquired a 100% interest in three Northern Ontario mineral properties.


Two of these properties, (McCool and Halcrow), are Gold prospects and one, (Seymour Lake Extension), is a Lithium prospect. The gold prospects are positioned in highly prospective and prolific mining jurisdictions in the Abitibi Greenstone Belt, and the lithium prospect in the Caribou – Marshall Lake Greenstone Belt. The McCool property is a gold prospect located 24 kilometers east of Matheson, Ontario and 90 km east of Timmins. It consists of six (6) unpatented claim units covering approximately 294 acres.

Located 6 km west of the McCool property is the historical Potter VMS Mine host to an indicated resource of 3,028,767 tonnes at 1.45% Cu, 1.19% Zn, 389.7 g/t Co, 11.1 g/t Ag and 127.5 ppb Au along with an inferred resource of 2,071,101 tonnes at 1.08% Cu, 1.05% Zn, 301.4 g/t Co, 8.7 g/t Ag, and 81.7 ppb Au.

Historically (1987), previous operators in drilled six (6) holes in overburden using a reverse drilling circulation process that resulted in Visible Gold in multiple holes and the following (Au) values:


ACA 87-09 – 2.18 g/t Au over 7′
ACA 87-10 – 2.97 g/t Au over 22’
ACA 87-11 – 8.60 g/t Au over 42’
ACA 87-11 – 3.92 g/t Au over 14’
ACA 87-12 – 1.14 g/t Au over 30.5’
ACA 87-12 – 1.16 g/t Au over 10.5’
ACA 87-14 – 5.40 g/t Au over 10.5’


The program indicated underlain Archean mafic-ultramafic rock sequences exhibiting intense alteration with unaltered gabbro and minor sedimentary formations consisting of graphitic argillites and silicic sediments, with depth to bedrock ranging from moderately shallow (20-80’) in the south and very deep (150-200’) in the northern grid.

The second gold prospect, the Halcrow Gold property is located in northeastern Ontario, 35 kilometers East of Chapleau. It consists of two (2) claim units covering approximately 80 acres. Located 25 km of the property is Newmont’s Borden Lake Mine, an active gold producer with proven and probable reserves of 2.61 million tonnes of estimated, measured and indicated gold reserves with an average grade of 5.81 g/t Au.

The property is also 11 km southwest of Rockridge Resources Ltd.’s – Raney Gold Project. Recent news release (April 29, 2020) from the Raney Gold Project indicates an impressive drill result of 28.0 g/t Au over 6.0 m at a vertical depth of 95 m. The Halcrow Gold property is also 3 km north of the historical

Halcrow Swayze Mine, a developed prospect with 115,600 tonnes of unclassified reserves at 3.8 g/t Au (1934). Significant historical gold values associated with disseminated pyrite, arsenopyrite, quartz veins and red syenite-porphyry were established in two separate shear zones in Archean age volcanic tuffs, sediments, and conglomerates that resulted in the following (Au) values:

0.93 g/t Au – chip samples over 18’ and 24’ (Government Geologist Rickaby – 1934)
4.35 g/t Au – arsenopyrite-bearing qtz vein and bleached wallrock (Sulpetro – 1981)
1.4 g/t Au – pink grey qtz and feldspar porphyry-syenite, minor pyrite and chalcopyrite (K. Filo – 1992)
8.3 g/t Au – obtained in dumps of the main trench (W. Troup – 1995)

The Seymour Lake Extension property is a lithium (Li) prospect located in northwestern Ontario, 220 km north of Thunder Bay and 18 km north of Lake Nipigon. The property consists of twenty-seven (27) unpatented claim units covering 1,371 acres. The Seymour Lake Extension property is directly adjacent to a number of expanding deposits. To the
west is Ardiden Ltd’s – Seymour Lake Project with 4.8M tonnes of mineral resource at 1.25% Lithium Oxide and 186 ppm Tantalum Pentoxide. Ardiden Ltd.’s planned exploration target (“Pye”) ties directly into JSHG’s property (300 m west) and is estimated to add 2-3M tonnes to mineral resource. To the northwest is Antler Gold’s – KM61 Project (formerly held by Stockport Exploration) with 66.6M tonnes of indicated mineral resource at a grade of 0.063% Mo, 0.9% Cu and 2.6 g/t Ag including 127.7M pounds of copper, 78.2M pounds of molybdenum, and 5.5M ounces of silver.

The Company issued one million (1,000,000) common shares of JSHG common stock to a local prospector to acquire one hundred per cent (100%) interest in all the properties.
Ben Fuschino, JSHG’s CEO, comments, “We are extremely pleased to add these properties to our portfolio. Now our geological team needs to sharpen their pencils on how to best exploit these new additions.”

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

Joshua Gold Moving Drilling Rig to C1 Property;

(OTC PINK: JSHG)

Woodstock, Ontario–(Newsfile Corp. – February 12, 2020) – Joshua Gold Resources Inc. (OTC Pink: JSHG) is pleased to announce that it will be mobilizing a drilling rig onto its C1 JV property over the next week. In this JSHG Phase 2 drilling program our geological team is determining where to drill the next few holes on the property. In our JSHG Phase 1 drilling program JSHG has already drilled eight holes on the C1 property which are documented in the Company’s 43-101 formatted disclosure document. 

JSHG head geologist, Fred Sharpley, P. Geo comments, “Our geological team will be looking systematically at all the relevant historical geological data in order to pinpoint our drilling targets.”

The Drill on site: To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/6845/52330_d924ff90747378d2_002full.jpg  

King Solomon Mines Results 

The Company also is pleased to announce five new gold assay results from the Company’s one hundred per cent 100% owned King Solomon mines property in Ontario. The grab samples obtained by the prospectors on November 25, 2020 are as follows: 

A37844 140 g/mt : Imperial 4.50 oz/ton(troy ounce per ton) 

A378445 0.35 g/mt :0.0115 oz/ton 

A378446 8.27 g/mt : 0.266 oz/ton 

A376447 2.22g/mt : 0.714 oz/ton 

A378448 4.59 g/mt : 0.148 oz/ton 

Borden North Acquisition 

Finally, on January 15, 2020, JSHG has purchased a 100% interest in eleven claims (approximately 495 acres), known as the Borden North Property in Cochrane and Darcy Townships located about 6.5 kilometers (app. 4 miles) north of the Newmont Borden Lake gold mine in Northern Ontario. The Company paid one hundred thousand JSHG common shares for the mineral property. The Borden Lake mine has proven and probable reserves of 2.61 million tons of estimated, measured and indicated gold reserves with an average grade of 5.81/g/t. 

JSHG CEO Ben Fuschino states, “The Company is pleased to announce Phase Two of its drilling program on the C1 Property as it marks another milestone in JSHG’s plan. The assay results on KSM are positive and the acquisition of the Borden North Property are part of the Company’s continued goal to identify, acquire and explore interests in prospective mineral properties with high value potential. ” 

Mr. Fred Sharpley is a professional geologist and a “Qualified Person” and is responsible for the technical information contained in this news release. 

Joshua Gold Resources Inc. (OTC: JSHG) is a publicly traded American gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties. Joshua Gold’s focus is to pinpoint mineral opportunities in Northern Ontario, Canada, a mature and friendly jurisdiction for exploration and mining companies. Northern Ontario is home to the three-billion-year old Canadian Shield which contains a wealth of minerals from nickel, gold, copper and cobalt to chromium. For more on JSHG go to https://www.joshuagoldresources.com/.

IR Contact: Wall Street Media Group 1-833-906-0327 or info@Wallstreetmediagroup.com

Joshua Gold Resources

News Alerts
Subscribe today to get JSHG news delivered right to your inbox
 I agree to receive emails from Joshua Gold Resources.
Skip to content