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McapMediaWire -- Inlithium news, JoshuaGold Resources Inc. (OTC: JSHG ) has completed a transactionthat gives the company 100% ownership of its Lithium One property. Theacquisition provides JSHG full control of 40 contiguous mining claims,of which it previously owned 50%.
The 40 stakedclaims comprising Lithium One cover a group of three prominent areas,with an approximate land area of 1600 acres. The staked claims share asimilar type of terrain where pegmatite outcrops containing spodumenehave been identified on other potential lithium properties in theGogama, Ontario area – which has been a hotbed of mineralexploration activity and home to a recent staking rush.
Lithium One is alsolocated near another JSHG property named Lithium Two. When conditionsare conducive, the company plans to conduct a ground sampling programat both sites. This is based on the recommendation of the company’sChief Geologist and Qualified Person (QP) Fred Sharpley, who will alsooversee the exploration program.
While on-site, JSHG’s team will conductdrone-based LiDAR surveys to help identify potential spodumene-bearingpegmatite outcrops.
This work will follow JSHG’s 2022 drone-enabled LiDARsurveying work at its Seymour Lake Extension property, adjacent to thelithium-producing Green Technology Metals (ASX: GT1 ) site. Thatexpedition is believed to have earned the distinction of being thefirst-ever MNDM-approved mining survey results obtained usingdrone-based LiDAR in the province of Ontario.
Traditional LiDARsurveying typically relies on human-operated flights by plane orhelicopter. This makes it a costly and time-consuming explorationmethod. By utilizing drone-enabled LiDAR, JSHG is able to completeairborne surveys while reducing costs by approximately 80%. Thisenables more investment into property exploration.
Drone-operated LiDARalso produces higher resolution imaging versus human-operated LiDARflights. This is because drones are able to operate at much loweraltitudes, thereby placing the scanning device several factors closerto the surface being surveyed.
The needs of the electric car battery industry inrelation to lithium demand potentially make JSHG’s Lithium One andTwo properties a great asset. Joshua Gold Resources CEO Ben Fuschinocommented, "Lithium One and Lithium Two are situated in an areashowing a lot of mineral potential. We are looking forward to gettingour team on-site this spring to conduct critical, initial explorationsat both properties. Using cutting-edge surveying technology, we willfurther demonstrate that JSHG is a leader in mineralexploration.”
About Joshua Gold Resources Inc.
Joshua Gold ResourcesInc. (OTC: JSHG) is a publicly traded American gold and mineralexploration company headquartered in Canada, home to the 3billion-year-old Canadian Shield which contains a wealth of mineralsfrom nickel, gold, copper, lithium, cobalt, niobium, lithium tochromium.
Safe Harbor Statement: This press releasecontains forward-looking statements of Section 27A of the SecuritiesAct of 1933, as amended, and Section 21E of the Exchange Act.Forward-looking statements are not a guarantee of future performanceand results, and will not be accurate indications of the times, or by,which such performance will be achieved.
Investor Relations Contact:
Peter Nicosia,President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com
ContactDetails
Peter Nicosia, President of Bull In Advantage,LLC
investors@joshuagoldresources.com
CompanyWebsite
https://www.joshuagoldresources.com/
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