WOODSTOCK, Ontario, April 25, 2017 (GLOBE NEWSWIRE) -- Joshua Gold Resources Inc. (“JSHG”, or “Joshua Gold”) is pleased to announce that its planned initial diamond drilling program on the C1 Property has commenced.
The C1 Property is located approximately 90 km southwest of Timmins, ON and lies within the prolific Swayze Greenstone Belt. JSHG has an initial 50% interest in this project, comprising 21 contiguous claim units covering 336 ha (830 acres).
This phase of the program will be focused on the area around the C1 Mortimer trench. An excerpt from the report, Hastie, E.C.G., Lafrance, B. and Kontak, D.J., 2015, Observations on the Kenty and Rundle deposits, Swayze greenstone belt; in Summary of Field Work and Other Activities 2015, Ontario Geological Survey, Open File Report 6313, p.9-1 to 9-9, stated: “Quartz-feldspar veins with basalt fragments crosscut all rock types and are surrounded by an alteration halo of ankerite-albite-sericite-pyrite ± chlorite. The veins are 5 to 30 cm wide, strike northwest and have sub-vertical dips, with the exception of a quartz-feldspar vein at the C1 Mortimer trench that dips shallowly (≈30°) and has a strike that varies. This shallowly dipping vein follows the contact between the feldspar porphyry unit and the pillow basalt and cuts across the latter. The vein is both cut by and crosscuts sub-vertical quartz-feldspar veins (1 to 3 cm) that display 2 dominant trends (210° and 310°). Visible gold was found within fractures and on the boundaries of the shallowly dipping quartz-feldspar vein at the C1 Mortimer trench.”
Mr. John M. Siriunas, P.Eng., a “Qualified Person” within the meaning of National 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, that is engaged in the exploration of highly prospective mineral properties. Joshua Gold’s focus is to pinpoint mineral opportunities in Northern Ontario, Canada, a mature and friendly jurisdiction for exploration and mining companies. Much of Northern Ontario is underlain by volcano-sedimentary rocks (“greenstones”) of the Precambrian-age Canadian Shield which contain a wealth of minerals including precious metals, nickel, copper, cobalt, chromium and zinc. 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 Joshua Gold’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.