Following its current stake in neighboring Lithium One property, JSHG has acquired 100% management of 30 intriguing cells on a property it named Lithium Two, situated close to Timmins, Ontario, Canada
‘Lithium Two’ is the most recent property acquisition by Joshua Gold Sources
‘Lithium Two’ is the most recent property acquisition by Joshua Gold Sources
WOODSTOCK, ONTARIO, Jan. 18, 2023 (GLOBE NEWSWIRE) — In recent lithium information, Joshua Gold Sources Inc. (OTC Pink: JSHG) has acquired full possession of a sequence of 30 mining claims south of Timmins , in Ontario, Canada, comprising roughly 1200 acres of potential mineral sources. The corporate named it Lithium Two, partially for its proximity to its Lithium One property, wherein the corporate has a 50% stake.
The claims, situated in Northrup and Robin Townships, sit on what is thought to be a granite-rich space. That is necessary as a result of lithium minerals (particularly spodumene) are current in granitic pegmatites. Based on JSHG chief geologist Fred Sharpley (QP), the 30 contiguous claims are “backed by granite, which requires prospecting and sampling for lithium.”
Lithium Two is situated within the Gogama space of Ontario and shares an analogous terrain kind the place outcrops of spodumene-bearing pegmatite have been recognized on different potential lithium properties.
Gogama itself continues to be a hotbed of exercise and has not too long ago seen a staking rush following the invention of spodumene, a lithium-containing mineral derived from pegmatite.
A lot of the exercise at Gogama is pushed by the rising demand for lithium, which is a vital part of electrical automobile batteries. Assembly world lithium wants means utilizing a number of provide strategies, resembling deriving spodumene from pegmatite rock. Like Lithium One, this makes JSHG’s new possession doubtlessly crucial to the lithium trade.
Joshua Gold Sources CEO Ben Fuschino stated: “Our groups proceed to do crucial work because the world acknowledges the necessity to shift to extra renewable vitality. We sit up for sampling our Lithium One and Lithium Two properties within the close to future, in hopes of enabling their improvement as sources of this priceless mineral.
About Joshua Gold Sources Inc.
Joshua Gold Sources Inc. (OTC Pink: JSHG) is an American publicly traded gold and mineral exploration firm headquartered in Canada, house to the three billion yr outdated Canadian Protect which comprises a wealth of minerals of nickel, gold, copper, lithium, cobalt, niobium, chrome lithium.
Secure Harbor Assertion: This press launch comprises forward-looking statements relating to Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Alternate Act. Ahead-looking statements are usually not ensures of future efficiency and outcomes and are usually not exact indications of the instances or time-frame at which such efficiency can be achieved.
Contact with Investor Relations:
Peter Nicosia, President of Bull In Benefit, LLC
Telephone: (585) 703-6565
E-mail: [email protected]
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