Joshua
Gold Resources Inc. Announces
High Grade Gold Bulk Testing at Kenty
Property
Woodstock,
Ontario, CANADA -- March 23, 2021 --
InvestorsHub NewsWire -- Joshua Gold
Resources Inc. (OTC:
JSHG),("JSHG" or the "Company")
an American gold and mineral
exploration company headquartered in Canada, is pleased to announce that
it has completed a bulk sampling report on gold recovery from
mineralized vein material on the Kenty property.
The property is
located approximately 125 km(78 mi) southwest of Timmins, Ontario.
The bulk sample was collected on a small block of mining patents,
referred to as the Kenty mine site. The property
contains numerous gold bearing quartz veins, two
shafts, and underground workings dating back to the
1930's.
Prospecting and
sampling gold zones on the property in July 2020 defined the sample
area to Hopkins Vein #2; a north-south trending quartz vein system
typically 2-4" wide in a trench located approx. 150 meters north of
Shaft #1. (GPS – E: 379203, N: 5299435, UTM Zone: 17) Sampling of
Vein #2 assayed gold grades of 23.8 g/t, or 0.765 per troy ounce
(2020-02 Vein #2). The bulk sample was collected in a pile of
blasted material from a previous operator and consisted of quartz
vein and altered wall rock material. Mineralization is
characterized by quartz, ankerite, pyrite and lesser
chalcopyrite.
The bulk sample
was extracted by Mag Rock Drilling during July and August via
drilling and blasting methods in the
mineralized Vein #2 area. The ore was then loaded and
transported to the mill site on August 14th, 2020. Processing of
material through crushing, grinding, pulverization and gravity
concentration occurred in two Batch's – Batch #1 and Batch #2
.
Batch # 1 was run
through the mill on August 25th, 2020, consisted of 1761
lbs
(0.799
tonne) of hand cobbled rock
containing primarily quartz vein. Batch # 2, ran on October 24th,
2020 and October 25th, 2020, consisted of 1778 lbs (0.806 tonne) of quartz vein and
mineralized wall rock material.
To process the
sample, first the rock was crushed, weighed, pulverized to 80%
minus 200 mesh, and passed through a gravity concentration sluice
system. Next the concentrate was passed through a milling circuit,
which began with ore fed through a primary jaw crusher (9" x 12" -
crushed to minus 1.5"), followed by a secondary jaw crusher (4" x
6" - crushed to minus ½"). The crushed ore was slowly fed into a
ball mill for pulverization using a vibratory feeder integrated
into an ore bin. After the ground material exited the ball mill's
discharge, it entered a slurry pump reservoir equipped with a
centrifugal pump connected to a cyclone to either classify material
for re-pulverization or gravity concentration in
sluices.
Gold was
collected using gravity concentration from course and fine sluices
lined with miner's moss. The course sluice was positioned between
the slurry pump and ball mill's discharge; the fine sluice
positioned after the cyclone.
The results were
obtained by assaying concentrates for the total weight of gold
recovered. Concentrates were dried and brought to Activation
Laboratories in Timmins, ON for analysis. Activation passed samples
through a riffle split to ensure proper grade control. Batch # 1
measured 20.84 grams of collected gold, which represents an
approximate grade of 26.1 g/t normalized by sample weight. Batch #
2 measured 7.32 grams of collected gold, which represents an
approximate grade of 9.1 g/t normalized by sample weight. Both
results are encouraging for demonstrating recovery of gold from the
vein samples.
Further
exploration is planned to examine the vein at depth and its
relationship to, or intersection with, the Kenty No. 1 Vein 150 meters to the
south.
Ben Fuschino
comments on the Kenty bulk testing, "We are
encouraged by the excellent results of the bulk testing. Our
geological team will be preparing further testing on Vein #2 which
the Company will be commencing after the Spring ice break-up to
more fully test the vein."
Above is a view
of the blasted surface of Vein #2 looking north along strike, and a
close-up of the mineralized vein material with hammer for
scale.
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
https://www.joshuagoldresources.com/ for more information
or contact
investor relations:
Peter J. Nicosia
President
Bull In Advantage, LLC
585-703-6565
info@bluehorseshoestocks.com
bullinadvantage@aol.com
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.
Joshua Gold Resources (PK) (USOTC:JSHG)
Historical Stock Chart
From Dec 2024 to Jan 2025
Joshua Gold Resources (PK) (USOTC:JSHG)
Historical Stock Chart
From Jan 2024 to Jan 2025
