OAKVILLE, ON–(Marketwired – Jan 8, 2014) – Joshua Gold Resources Inc. – (OTCQB: JSHG)
Graphite Property Acquisitions
Joshua Gold Resources Inc. (the “Company”) has increased its land holdings in the area of the Brougham Property in Mining District 90 of Southern Ontario, Canada. The additional claims:
|1500726||Lot 10 Concession 10 North Cantonto||160 Acres|
|1500727||Lot 11 Concession 10 North Cantonto||160 Acres|
|1500728||Lot 12 Concession 10 North Cantonto||160 Acres|
|1500729||Lot 13 Concession 10 North Cantonto||160 Acres|
|1500730||Lot 14 Concession 10 North Cantonto||160 Acres|
Expand the company’s property position in the area by 800 acres (323.75 hectares), adding to the land position that was acquired on November 14, 2013. It was determined by an independent geologist, that open ground on strike directly to the west of the property remained available. The company has completed an initial site visit by an independent geologist – Warren Hawkins for review of the topography and accessibility, with the aim of completion of preliminary surface sampling and completion of recommendations for a work program to commence in the spring of 2014. The additional claims were acquired by the company through Map Staking.
The Brougham Property is 1195.37 acres (483.75 hectares) in total with the new land acquired – within Brougham & Catalano Townships. The property is located in Mining District 90 of Southern Ontario, Canada. The Brougham Property is located adjacent to the past producing Black Donald Graphite Mine, on Black Donald Lake, central to patented mining claims. The Black Donald Graphite Mine was one of the largest and richest graphite deposits in North America. It had reported historic ore grades of up to 80% Cg and during the last 10 years of mine life the average reported grade was 25-30% Cg. 94% of the total value of Ontario graphite production came from the Black Donald Mine. Flake, amorphous and crystalline graphite was produced from the mine. The majority of the graphite was used for lubricant purposes. Other grades of the material were used for foundry facings, paints for iron and steel and stove polish. The best grade of flake graphite averaged over 98% carbon. (Ontario Geological Survey, 2011). A link to the property map can be found on the company’s website.
On Behalf of the Board of Directors,
Benjamin A. Ward
President & CEO
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The “Act”). In particular, when used in the preceding discussion, the words “pleased,” “plan,” “confident that,” “believe,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company’s SEC reports and filings.