Apr 9 2013
JOSHUA GOLD RESOURCES INC. ("The Company") is pleased to announce that it has increased its strategic land position surrounding the 364 Hectare (899 Acre) Kenty Gold Property to 16,956 contiguous Hectares (41,899 Acres) through multiple acquisitions and claim staking.
The Company purchased mineral rights to 95 contiguous claims in Swayze, Dore, Denyes, Heenan, Coppell and Rollo Townships for a combined area of 15,024 Hectares (37,125 Acres) within the last two months. Through claim staking the company has gained mineral rights to an additional 1,568 Hectares (3,874 Acres) in Dore, Heenan and Denyes Townships.
Link to Map: http://www.joshuagoldresources.com
The acquisition of a dominant land position in the Swayze Greenstone Belt centered around the former producing Kenty Gold Mine is a key achievement for the Company's Growth. Company management believes that a bulk gold tonnage reserve is possible at Kenty, in that broad lower grade alteration halos may exist around the high grade veins that were historically mined at the Property. The company is focused on confirmation of the historical resource and expansion of the mineralized zones trending East/West and North/South at the Property. Identification of new zones of gold mineralization on the newly acquired contiguous land package will also be a priority exploration focus.
"The downturn in the mineral exploration sector has granted a unique opportunity for us to acquire assets at prices that were inconceivable even one year ago. We have assembled a dominant land package centrally located amongst three recent discoveries of world class multi-million ounce deposits in the Swayze Greenstone Belt. While other companies are shuttering operations and opting for dormancy, we are seizing the opportunity to be ideally positioned when the cyclical downturn ends," said Benjamin Ward - President and CEO.
For additional information regarding the Red Pine Exploration transaction for the Mortimer Property and the Moretti/Tremblay transaction in Coppell Township, please follow the link to the company's website below.
ON BEHALF OF THE BOARD OF DIRECTORS OF JOSHUA GOLD RESOURCES INC.
Benjamin A. Ward,
President and Chief Executive Officer