WOODSTOCK, Ontario, March 22, 2017 (GLOBE NEWSWIRE) -- Joshua Gold Resources Inc. (OTC PINK:JSHG) (“JSHG, or “Joshua”) an American gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties in North America, is pleased to announce it has acquired 14 claims (560 acres) in Jane’s Township, Sudbury Mining Division, in Northern Ontario.
The newly acquired 14 claims (560 acres) in Jane’s Township, Sudbury Mining Division, in Northern Ontario are potential gold targets. The region has gold occurrences in shallow (2 meters to 40 meters in depth) sedimentary formations called the Mississagi formation. This paleo-placer formation is unique and it is a new, innovative way to locate gold in these very shallow geological formations.
The property, ”Jane’s Reef”, is south of where junior exploration companies are planning a major exploration program this coming summer to explore the gold anomalies in the Mississagi formation.
Ben Fuschino, JSHG CEO, “It is an interesting, unusual gold occurrence and our geological team will be monitoring how the other companies make out in testing this ‘new’ zone this summer so we can better plan our exploration techniques in exploring “Jane’s Reef”.
Joshua Gold Resources Inc. (OTC:JSHG) purchased 100% of the property for $750 cash, one hundred and sixty thousand (160,000) common shares of JSHG and granted a three per cent (3.0%) Net Smelter Royalty on the property to the vendor.
Joshua Gold Resources Inc. (OTC:JSHG) is a publicly traded American 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 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 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.
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Source:Joshua Gold Resources Inc.