JSHG Acquires 33 Claims Contiguous to C1 Property
March 29 2017 - 11:58AM
Joshua Gold Resources Inc. (OTC PINK:JSHG), an
American gold exploration company headquartered in Canada, engaged
in the exploration of highly prospective properties in North
America, is pleased to announce the acquisition of a
100% interest in 33 claims (1,320 acres) in Rollo Township,
Northern Ontario, Canada.
The newly acquired claims (1,320 acres) in Rollo
Township are contiguous to JSHG’s Joint ventured properties to the
North in Swayze Township.
Ben Fuschino, JSHG CEO, stated, “The company is
pleased to expand our mineral assets in this area by adding these
claims to our C1 property project.”
Dr. Bogdan Nitescu, the JSHG consulting
geologist commented, “The newly acquired claims are part of the
prospective southern ‘Swayze Greenstone Belt’, which is considered
to be a relatively underexplored western extension of the prolific
‘Abitibi Greenstone Belt’. The claims are underlain to a large
extent by mafic volcanic rocks and are located between the Agaura
gold showing approximately 4.5 km to the northwest, and the C1
Mortimer trench gold occurrence on the C1 property, contiguous to
the south. The C1 Mortimer trench gold occurrence represents
a significant gold showing hosted by pillow basalts that were cut
by quartz-feldspar-ankerite veins, with visible gold documented in
previous reports and relevant sample assay values, with one
return of 202 grams of gold per tonne. The proximity of the C1
Mortimer trench gold occurrence, as well as the Kenty gold deposit
a few hundred meters to the south, in conjunction with the
existence of favorable rock type units are arguments in support of
extending the Company’s gold exploration interest on the newly
acquired claims.”
Joshua Gold Resources Inc. issued 250,000 JSHG
common shares plus a 2.5% Net Smelter Royalty for 100%
interest.
Dr. Bogdan Nitescu, a “Qualified
Person”, within the meaning of Instrument 43-101 Standards
of Disclosure for Mineral Projects, has reviewed and approved the
scientific and technical information contained in the 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
information on JSHG go to http://www.joshuagoldresources.com/.
Safe Harbor Statement
This release includes forward looking statements. These
forward-looking statements generally can be identified by phrases
such as JSHG or its management “believes”, “expects”, “forsees”,
“forecasts”, “estimates”, or other words or phrases of similar
import. Similarly, statements herein that describe the Company’s
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
Investors Relations Contact:
Wall Street Media Group
1-888-465-6551 or info@Wallstreetmediagroup.com
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