Location & Geography
Prometheus is one of two JSHG niobium prospect properties near Lake Nemegosenda, in Northern Ontario. The other is known as Vulcan. Both properties are located in Collins and Chewett Townships, and are strong prospects for economic-grade niobium.
Property Rights
This Joshua Gold Resources property consists of 19 mining claims, and gives the company sole rights to:
- Explore for minerals, and:
- Apply for a mining lease for their extraction
Exploratory History & Assessment
Drilling took place on the properties in 1955 by Dominion Gulf, which produced impressive results according to the drill logs.
These reports were analyzed by JSHG Chief Geologist and Qualified Person (QP) Fred Sharpley, who said, “It will be interesting to confirm the Niobium mineralization discovered in 1955 by Dominion Gulf. I am more interested in going deeper than Dominion, as they only drilled to 60 meters. JSHG will drill 250 meters or deeper. Additionally, since Dominion never assayed for tantalum and rare earths, it will be fascinating to see if these elements are present, similar to the Sarissa Resources ‘South East Zone,’ roughly 600 meters to the south-east of JSHG’s Prometheus property.”
- In 1955, Dominion Gulf’s four drill holes on JSHG’s nearby Vulcan property revealed 0.3% to 0.5% Nb205 Niobium mineralization across approximately 15-meter intersections. Given the shallow depth of 60 meters, further deep exploration is justified.
Next Steps & Opportunities
Joshua Gold’s future exploration of this property includes:
- A drilling permit application, with an exploratory drilling program to follow based on the historical drill results from the sites.
- While assays for rare-earth minerals on the Vulcan property were not completed in 1955, the JSHG geological team considers the area a strong prospect and will conduct assays as part of the future drilling program.
- Because pyrochlore can be an indicator of niobium (as well as rare-earth minerals) JSHG will aim to confirm the intersections of pyrochlore mineralization obtained from Dominion Gulf’s “DDH-208-55-21” hole, which was drilled to 1,400 feet (425 meters).
