Following an update from Fred Sharpley, JSHG Chief Geologist, Joshua Gold Resources Inc. is delighted to provide lithium-related news from its Seymour Lake Extension property.
The Seymour Lake Extension lithium potential property, which is 100%-owned by JSHG and spans 1371 acres and 27 unpatented claims, is situated about 60 km north of Thunder Bay, Ontario.
It is located 300 m to the east of the Seymour Lake lithium deposit owned by Green Technology Metals, which is believed to contain 2–3 million tons of lithium with a 1.25% lithium content. It is part of the Caribou-Marshall Lake Greenstone Belt.
According to Mr. Sharpley, the property looks to contain a geological structure indicative of a prospective lithium mineral deposit, as well as the existence of minerals that support this, such as pegmatite.
The lithium occurs in pegmatite related to the lenticular hornblende tonalite and granite batholith. The pegmatite deposits occur as: Structural zones related to the contact of the granite and mafic volcanics and North-South structural zones within the granite.
Fred Sharpley, Chief Geologist and Qualified Person, Joshua Gold Resources Inc.
Sharpley added, “On the Seymour Extension property, a LIDAR Survey over parts of the property identified two mineral outcrops that are interpreted as pegmatite related to a north-south structure primarily within the granite at Seymour Lake. An exploration program of prospecting and sampling is recommended.”
This conclusion is supported by Mr. Sharpley’s 60 years of resource exploration experience working all over the world and is based on the most recent survey of the Seymour Lake Extension property.
Mr. Sharpley, holding a B.A.Sc. degree from the University of Saskatchewan, has worked for a wide range of organizations, including Keevil Mining Group, Temagami Mining Company Ltd., and Lacana in Mexico on the La Encantada Project.
He also worked for a brief period at Silverfields in Cobalt, Ontario, and conducted general exploration for two years in Bathurst, New Brunswick.
Mr. Sharpley has investigated gold prospects for many Canadian mining firms in addition to JSHG, such as Opawica Explorations Inc., Pelangio Mines Inc., Detour Gold Corp., Wolfden, Sabina, NFX, and Mistango River Resources Inc.
Lithium is one of the metals that is the future of new-energy technology. We are happy to have such a prospect in our property portfolio and are looking forward to the results from our exploration team.
Ben Fuschino, Chief Executive Officer, Joshua Gold Resources Inc.