Joshua Gold Resources Inc. Announces Niobium Prospect Acquisition
May 19 2021 - 6:30AM
InvestorsHub NewsWire
Joshua Gold Resources Inc.
Announces Niobium Prospect
Acquisition
WOODSTOCK, ONTARIO, Canada --
May 19, 2021 -- InvestorsHub NewsWire -- Joshua
Gold Resources Inc. ("JSHG" or "Joshua") (OTCMKTS:
JSHG) a mineral exploration
company headquartered in Canada, is pleased to announce that it has
acquired a one hundred percent (100%) interest in a mineral
property located in Collins and
Chewett
Townships
in Northern
Ontario.
The Niobe property
is contiguous
to Sarissa
Resource's Nemegosenda
Niobium property
on the land's East border (see
map).
The Niobe property consists of 15
claims totaling approximately
630 acres.
In the fall of 2019, the original prospectors
executed a radiometric survey to measure
radiation from
the ground which can be a Niobium indicator (see the survey results
here).
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000017959/20000017959_01.pdf
![](https://investorshub.advfn.com/uimage/uploads/2021/5/18/Aspose.Words.4a58de66-6d18-4f38-85af-b3ef4b727c56.001.jpeg)
Joshua acquired a one
hundred percent interest in the
Niobe property through
issuance to the Vendors of two
million
(2,000,000) JSHG common shares.
The Vendors retain
a two percent
(2%) Net Smelter Royalty ("NSR") on the property, of which JSHG has
the option to acquire fifty percent (50%) of the NSR from the
vendors for a payment of one million
($1,000,000) Canadian dollars at
any time.
Ben Fuschino,
JSHG
CEO
comments,
"We
have been
interested in Niobium for a number of years. A couple of
years ago Joshua acquired Niobium prospects on the West side of the Sarissa
Resources
property. The radiometric survey from the East side looks
promising. Nobium is one of the minerals that
will be needed in the economy's
transfer to 'Green technology.
"It's time to hand it over to our
geological team to figure out the best way forward to explore the
property".
Joshua Gold Resources Inc. (OTC Pink: JSHG)
a publicly traded
American gold and mineral exploration company headquartered
in Canada, home
to the three-billion-year old Canadian Shield which contains a
wealth of minerals from nickel, gold, copper, cobalt, niobium to
chromium. Please visit http://www.joshuagoldresources.com/
for more
information.
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Safe Harbor Statement: This press release contains
forward looking statements of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Exchange Act. Forward
looking statements are not a guarantee of future performance and
results, and will not be accurate indications of the times, or by,
which such performance will be achieved.
Investor
Relations Contact:
Peter Nicosia
President,
Bull In Advantage, LLC
Phone: (585)
703-6565
Email: bullinadvantage@aol.com
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