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Joshua Gold Resources Inc. (JSHG) announces a Drone Magnetometer Survey at its Seymour Lake Extension property in Ontario to identify potential lithium drill targets. The property, covering 1,371 acres, is adjacent to Green Technology Metals’ Seymour Lake lithium deposit, estimated to contain 2 to 3 million tons of lithium. The global lithium market is projected to grow from $3.83 billion in 2021 to $6.62 billion by 2028, driven by increased demand for lithium in electric vehicles. JSHG's CEO expressed enthusiasm about the upcoming survey results and their implications for exploration.
Joshua Gold Resources Inc. (JSHG) has successfully acquired a 100% interest in the Benoit West gold prospect in Northern Ontario. The property covers approximately 210 acres and is located 48 miles southeast of Timmins. Previous sampling has shown gold values exceeding 24 grams per ton. The acquisition was made through the issuance of 2.5 million common shares to the vendors, who will retain a 2% Net Smelter Royalty, half of which JSHG can buy back for $1 million CAD. The geological team is preparing to apply for exploration permits immediately.
On July 8, 2021, Joshua Gold Resources Inc. (JSHG) reported positive assay results from its Joe-Anne Property in Northern Ontario. This property, located 50 miles southeast of Timmins, covers 42 acres and contains an old adit. Grab samples revealed gold values of 1.5 grams and 1.86 grams per ton. CEO Ben Fuschino indicated plans for further exploration, including permitting for excavation and drilling. The area historically produced gold values exceeding 13 grams per ton, suggesting potential for future resource extraction.
Joshua Gold Resources Inc. (JSHG) has acquired a 100% interest in the Joe-Anne Property, a mineral property located in Benoit Township, Northern Ontario, approximately 50 miles southeast of Timmins. The property spans 42 acres and has reported gold values exceeding 13 grams per tonne from previous sampling. The acquisition was completed through the issuance of 2,400,000 common shares to the vendors, who retain a 2% Net Smelter Royalty. JSHG has the option to acquire 50% of the NSR for C$1 million. CEO Ben Fuschino expressed optimism regarding precious metals amid low interest rates.
Joshua Gold Resources Inc. (OTC: JSHG) announced the completion of a bulk sampling report on gold recovery from the Kenty property in Canada. The sampling focused on the Hopkins Vein #2, which showed gold grades of 23.8 g/t. Two batches were processed, yielding 20.84 grams at 26.1 g/t for Batch #1 and 7.32 grams at 9.1 g/t for Batch #2. The results indicate promising gold recovery and further exploration is planned. The company remains optimistic about testing the vein's depth and its relation to the Kenty No. 1 Vein.