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.