WOODSTOCK, Ontario, March 07, 2017 (GLOBE NEWSWIRE) -- Joshua Gold Resources Inc. (OTC PINK:JSHG) (“JSHG”, or “Joshua”) a US gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties, is pleased to announce that it has acquired three claims (120 acres) in Asquith Township, Northern Ontario, Canada.
The "Whitegold" property is located in Asquith Township in Northern Ontario, Canada.
Joshua Gold Resources Inc. purchased the property with the following terms, which include one hundred thousand shares of Joshua Gold Resources Inc. common stock and a two percent Net Smelter Royalty. The terms of the agreement also include an option for repurchase of one percent, or 50 percent, of the two percent royalty, which can be repurchased from the seller at any time for one million dollars ($1,000,000 Canadian).
Ben Fuschino, JSHG CEO, comments, “Joshua will continue to acquire quality mineral prospects in one of the best mining jurisdictions in the world, Ontario, Canada.”
Joshua Gold Resources Inc. (OTC:JSHG) is a publicly traded US 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 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," "anticipates," "foresees," "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.
See Joshua Gold Resources Inc.’s website at www.joshuagoldresources.com