Joshua Gold Announces Graphite Property Acquisitions
January 08 2014 - 11:31AM
Marketwired
Joshua Gold Announces Graphite Property Acquisitions
OAKVILLE, ON--(Marketwired - Jan 8, 2014) - Joshua Gold
Resources Inc. - (OTCQB: JSHG)
Graphite Property Acquisitions
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:
Claim Number |
Township |
Area |
1500726 |
Lot 10 Concession 10 North Cantonto |
160 Acres |
1500727 |
Lot 11 Concession 10 North Cantonto |
160 Acres |
1500728 |
Lot 12 Concession 10 North Cantonto |
160 Acres |
1500729 |
Lot 13 Concession 10 North Cantonto |
160 Acres |
1500730 |
Lot 14 Concession 10 North Cantonto |
160 Acres |
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.
The Brougham Property is 1195.37 acres (483.75 hectares) in
total with the new land acquired - within Brougham & Catalano
Townships. The property is located in Mining District 90 of
Southern Ontario, Canada. The Brougham Property is located
adjacent to the past producing Black Donald Graphite Mine, on Black
Donald Lake, central to patented mining claims. The Black
Donald Graphite Mine was one of the largest and richest graphite
deposits in North America. It had reported historic ore grades
of up to 80% Cg and during the last 10 years of mine life the
average reported grade was 25-30% Cg. 94% of the total value
of Ontario graphite production came from the Black Donald
Mine. Flake, amorphous and crystalline graphite was produced
from the mine. The majority of the graphite was used for lubricant
purposes. Other grades of the material were used for foundry
facings, paints for iron and steel and stove polish. The best grade
of flake graphite averaged over 98% carbon. (Ontario Geological
Survey, 2011). A link to the property map can be found on the
company's website.
On Behalf of the Board of Directors,
Benjamin A. Ward President & CEO
Cautionary Note Regarding Forward-Looking Statements
Safe Harbor: This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (The "Act"). In particular, when used in the
preceding discussion, the words "pleased," "plan," "confident
that," "believe," "expect," or "intend to," and similar conditional
expressions are intended to identify forward-looking statements
within the meaning of the Act and are subject to the safe harbor
created by the Act. Such statements are subject to certain risks
and uncertainties and actual results could differ materially from
those expressed in any of the forward-looking statements. Such
risks and uncertainties include, but are not limited to, market
conditions, competitive factors, the ability to successfully
complete additional financings and other risks described in the
Company's SEC reports and filings.
Contact Information Merle Goertz 1 877 354 9991 Email Contact
joshuagoldresources.com
Joshua Gold Resources (PK) (USOTC:JSHG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Joshua Gold Resources (PK) (USOTC:JSHG)
Historical Stock Chart
From Apr 2023 to Apr 2024