Joshua Gold Resources Inc. Announces
Acquisition of Gold Property
WOODSTOCK, ONTARIO, Canada --
April 27, 2021 -- InvestorsHub NewsWire
-- Joshua Gold Resources Inc. ("JSHG" or
"Joshua") (OTCMKTS:
JSHG) a mineral exploration
company headquartered in Canada, is pleased to announce that it has
acquired a one hundred percent (100%) interest in a mineral
property (the "Joe-Anne Property") located in Benoit Township in
Northern Ontario.
The Joe-Anne property is
approximately 50 miles (80 kilometers) southeast of Timmins,
ON. It consists of about
42 acres,
and has an
old adit (see picture below)
where previous
prospectors have conducted sampling. Geologically, the area around
Benoit Township lies between the Larder Lake and
Destor-Porcupine
Faults. This area of Abitibi volcanics extends from Timmins, Ontario
to Chibougamau, Quebec. The area was mapped by H. L. Lovell in 1965
and appears to be composed of metavolcanic rocks that are
tholeitic
in appearance and
part of the Knojevis Group.
The property has yielded gold
values over 13 grams per tonne in grab samples
from
previous prospectors. For more information on the
Joe-Anne property kindly see this report: http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000015238/20000015238_01.pdf
Joshua acquired a one hundred
percent interest in the Joe-Anne Property through issuance
to the
vendors of two
million, four hundred thousand (2,400,000) JSHG common shares. The
vendors retained a two percent (2%) Net Smelter Royalty ("NSR") on
the property, of which JSHG has the option to acquire 50% of the
NSR from the vendors for a payment of one million ($1,000,000)
Canadian dollars at any time.
Ben Fuschino, CEO of JSHG
comments, "We are pleased to acquire another high-quality
gold prospect,
and our geological team will figure out precisely the exploration
program needed for the property."
Ben Fuschino further adds,
"With historical low interest rates, and central banks printing
money hand over foot, I think precious metals is the place to be
for the next few years."
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 http://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.
Investor
Relations Contact:
Peter Nicosia
President,
Bull In Advantage, LLC
Phone: (585)
703-6565
Email: bullinadvantage@aol.com