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Exploring Rock Solid Gold Deposits with a Rich History

How One Mineral Exploration Company is Capitalizing on Historically Proven Gold Deposits

Investing in gold has been a historically safe investment option, especially during times of recession or uncertainty. In January 2021, gold reached its high for the calendar year at $1,960 per ounce, $800 higher than its 5-year low of $1,133 in late 2016. Another year later, gold’s value hasn’t topped its 2021 high but remains well above that 2016 rate. For the long term, value-focused investor, gold can be a secure play in any portfolio.

Joshua Gold is a gold and mineral exploration company with property on historically proven land, and their most recent acquisitions and drillings show great promise for future exploration.

In 2019, gold was the leading mineral by value of production in Canada, which is where Joshua Gold’s properties are located. While the total value of Canada’s mineral production reached $48.2 billion that year, gold alone accounted for more than 20% at $10.3 billion.

Joshua Gold Resources Inc. Announces Gold Prospect Acquisition

Joshua Gold Resources Inc. (OTC Pink: JSHG) a mineral exploration company headquartered in Canada, is pleased to announce that it has acquired a one hundred percent (100%) interest in a gold prospect, the “Benoit West” property located in Benoit Township in Northern Ontario.

The Benoit West property is approximately 48 miles (77 kilometers) southeast of Timmins, ON.  It consists of five claims, about 210 acres, where previous prospectors have conducted sampling (see picture below).  Geologically, the area around Benoit Township lies between the Larder Lake and Destor-Porcupine Faults. This area of Abitibi volcanics extends from Timmins, Ontario to Chibougamau, Quebec. The area was mapped by H. L. Lovell in 1965 and appears to be composed of metavolcanic rocks that are tholeiitic in appearance and part of the Knojevis Group.

Read More Here

3 Reasons to Keep an Eye on Joshua Gold Exploration

01 Historically Proven Property —

Joshua Gold’s properties are located in historically proven, gold producing areas. Recent testing has shown great promise for the presence of high purity gold.

02 A Safe Store of Value —

Even during economic downturn, gold has been shown to retain (and even increase) its value.

03 Low Debt —

The small amount of debt owed is shareholder debt.

Exploring Historically Significant Properties

Joshua Gold Resources is a US gold exploration company headquartered in Canada, engaged in exploring properties that are contiguous to proven gold-producing properties. By focusing on areas that have been previously successful, they are maximizing the potential for the discovery of gold rich deposits that can be mined for profit.

 

Their holdings are concentrated in an area known as the Canadian Shield, a billion year old rock formation encompassing much of Ontario and Quebec, where the majority of Canadian gold has been mined. Joshua Gold’s properties are in favorable locations, relative to proven areas and mines.

Properties 

C1 PROPERTY

This property was named after the prospector Charlie Mortimer, and is contiguous to the northwest side of the old Kenty Mine, which produced gold in the 1930s, 1950s and 1980s.

CARSON PROPERTY

The Carson property is a 1,200 acre parcel in the North West Territories about two hours east of Yellowknife. It’s contiguous to the Night Hawk Gold Corp.’s Damoti Lake gold property on its west side. The area around Yellowknife is notable for its gold production, as well as the discovery of diamond deposits in 1991. 

KENTY PROPERTY

The Kenty Property is located within the Swayze Greenstone Belt of northern Ontario, an area made up of  intercalated sequence of archean metavolcanics, metasediments and felsic intrusions that host numerous significant gold deposits. 

ROLLO PROPERTY

Three legacy mining claims converted into 42 cells under the Ontario Mining Act make up the Rollo Property. Joshua Gold has sole rights to explore the property and apply for a mining lease to extract minerals here. 

BENOIT WEST PROPERTY

Benoit West is approximately 48 miles southeast of Timmins, ON, consisting of 210 acres of previously sampled land, and previous prospectors discovered gold values over 24 grams per ton.

JOE ANNE PROPERTY 

The Joe Anne Property is a 42-acre property approximately 50 miles southeast of Timmins, ON. The property has yielded gold values over 13 grams per ton in grab samples from previous prospectors, while the 2021 audit conducted by Joshua Gold contained two samples of 1.5 grams per ton and 1.86 grams of gold per ton.

Ben Fuschino, CEO of JSHG, reports, “These are just grab samples, but it does further illustrate the presence of anomalous gold on the property.  I have instructed JSHG geological team to apply for the appropriate permits so we can further explore the property and the 100-year-old adit through excavation followed by drilling”. 

The adit where previous prospectors conducted sampling at the Joe-Anne Property

 

Not Just Gold; Joshua Gold Invests in Lithium Mining

Every investor knows the key to a strong investment strategy is diversification.

In early February, the company announced it would survey its Seymour Lake Extension Property in an effort to pinpoint potential lithium drill targets. The site, which is fully owned by Joshua Gold, is estimated to contain between 2 and 3 million tons of 1.25% lithium.

The global lithium market is projected to grow from USD$3.83 billion in 2021 to USD$6.62 billion in 2028 at a CAGR of 8.1%, largely fueled by the growing electric vehicle market’s reliance on the mineral for production. Ben Fuschino, JSHG CEO signaled this was the company’s inspiration when he pointed out that lithium prices have exploded in response to the EV market’s growth. But beyond EVs, battery manufacturers look to secure long-term supply contracts as technology advances rechargeable batteries that power portable, everyday electronics as well. Nonetheless, the move represents JSHG’s willingness to explore profitable opportunities beyond gold.

 

JSHG Properties are located in the – western region of the mineral-rich Abitibi greenstone belt, an established gold mining district having produced over -170 million ounces of gold since 1901. We believe this region is one of the few remaining areas around the world where Tier 1 gold deposits can still be discovered, built and mined profitably… drilling will commence again this Spring and our geological team will exploit Joerg’s interpretations of the historical data.” – Ben Fuschino, Joshua Gold CEO

 

 

More Mining, More Dollars

Mining is a massive economic force in Canada. The creation of new mines invigorates communities, drives technological innovation, and provides the world with much needed minerals. 

What intrepid pioneers with analogue tools once did, is now executed by geological experts with state of the art technology. Researchers use geological data and production maps to interpret where the most productive sites will be. After extensive testing confirming the presence of valuable minerals is completed, mining can begin.

Joshua Gold has completed such testing on their C1 Property and will be continuing exploration and preliminary drilling. 

Key Investment Considerations

  • Favorable Regulations – Canada is pro-mining on a legislative level. The new Ontario Mining Act gave Joshua Gold sole rights for exploration on certain properties.
  • Proven Properties – Each Joshua Gold property is contiguous to historically gold-producing mines, which increases the likelihood of fruitful exploration.
  • Earning Potential – The value of gold holds during economic strife, and Canadian mining is expanding.
  • Diversifying Their Potential – Gold is widely considered a safe investment but that hasn’t stopped the company from considering other opportunities. In February, 2022, the company announced its intentions to survey potential lithium mining sites.

 

A Golden Opportunity

Technological innovation has made the exploration of mineral deposits more efficient than ever, while the value of gold trends positive. The margins of successful exploration companies are favorable, and that looks to remain true for at least the short to mid term.

Joshua Gold has begun test drilling and further exploration on their C1 property and other properties are not far behind. We like Joshua Gold as an exploratory company due to their acquisition of historically proven properties,  their current reports on certain mining claims, and favorable government regulations. 

Technical Reports:

Recent Press 

 

Management Team

DINO MICACCHI, CFO, DIRECTOR, SECRETARY, TREASURER

Mr. Micacchi currently serves as Secretarty/Treasurer and as a member of the Board of Directors for the company. Mr. Micacchi is a Chartered Professional Accountant with experience in both public and private sectors. He has worked as a partner in public accounting firms for the past 26 years.  

BENEDETTO FUSCHINO, CEO, DIRECTOR

Mr. Fuschino currently serves as President and as a member of the board of directors of the company. He is the President of Friggi N.A. Inc. a sector leader and partner to the most important international players of the steel and aluminum cutting industry. Friggi’s worldwide market share within the sector includes: 30% Italy, 40% Europe and 30% North America and Japan. During his tenure with Friggi, Mr. Fuschino formulated the business plan to introduce Italian products to North America, set up a distribution network, and managed and maintained network and customer relations. 

 

Sources

1) https://www.nrcan.gc.ca/science-data/science-research/earth-sciences/earth-sciences-resources/earth-sciences-federal-programs/canadian-mineral-production/17722

2) https://www.businessinsider.com/billions-dollars-gold-and-silver-remote-area-of-canada-2016-7

3) https://www.ceicdata.com/en/indicator/canada/gold-production#:~:text=Canada%20Gold%20Production%20was%20reported,to%202020%2C%20with%2031%20observations.

4) https://www.visualcapitalist.com/canadas-mining-sector-impacts-economy/

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  • Name of Issuer & Ticker Symbol - Joshua Gold Resources (JSHG)
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  • Name of Issuer & Ticker Symbol - Joshua Gold Resources (JSHG)
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  • Date Issued - 2/2/2021

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