Joshua Gold Resources Conducts Comprehensive Sampling Program at Tecumseh Property

Rhea-AI Summary

Joshua Gold Resources Inc (OTC Pink: JSHG) has completed a sampling program at its Tecumseh Property in northern Ontario. The company collected 34 rock and soil samples over 3 days in July 2024, which are currently undergoing laboratory analysis. Results will guide future exploration strategies at this long-held property.

The Tecumseh site covers approximately 217 acres and is located about 26 miles east-northeast of Sudbury. Historical grab samples from 2011 to 2020 averaged 14.1 g/t Au, with some samples yielding up to 209 g/t Au. The property features auriferous quartz-carbonate-hematite-mica-sulphide veins over an area of about 800 feet by 2,300 feet.

JSHG aims to leverage modern exploration techniques to unlock the full potential of this historically promising site. The company is particularly interested in evaluating the gold content of altered gabbro intervals between quartz veins, which may lead to consideration of a bulk open-pit mining scenario if vein density and grade prove sufficient.

Positive

• Completed sampling program with 34 rock and soil samples collected
• Historical grab samples averaged 14.1 g/t Au, with some samples yielding up to 209 g/t Au
• Property features extensive auriferous vein system over 800 feet by 2,300 feet area
• Potential for bulk open-pit mining scenario if vein density and grade prove sufficient

Negative

• Results of recent sampling program not yet available
• Historical drilling encountered challenges due to 'nuggety' nature of gold mineralization
• Extensive beaver pond covers potential mineralized area, limiting surface exploration

Joshua Gold Resources conducts exploration program at its historical Tecumseh property, with 34 rock and soil samples currently undergoing lab analysis. Results expected to help shape future exploration and potential development strategies at the company's long-held property.

Woodstock, Ontario--(Newsfile Corp. - August 6, 2024) - Joshua Gold Resources Inc (OTC Pink: JSHG) is pleased to announce that its geologic team has returned from a re-introductory sampling program at its Tecumseh Property in Davis Township in northern Ontario, north-east of Sudbury. 34 samples consisting of rock and soil were collected over 3 days during the July 2024 program and sent for laboratory analysis. JSHG is eagerly awaiting these results and will share the findings when they become available. Along with the compilation of historic exploration records, the pending sample results will help guide the company's exploration strategy at the Tecumseh property. The analysis of the most recent samples could pave the way for exciting new opportunities for JSHG and will help to provide a foundation for future trenching and drilling programs at the site.

The roughly 217 acre, four-cell Tecumseh site is a long-held property within the JSHG portfolio. It is located approximately 26 miles east-northeast of Sudbury, Ontario (or about 51 miles by easily accessible road). The site has attracted the interest of numerous operators since the 1920s, while its mineral potential remains overwhelmingly unrealized (in part due to the limitations of the exploration methods used at the time). Following its most recent sampling program, JSHG is enthusiastic about the opportunity to leverage the cutting-edge analytical techniques available and use modern exploration methods to unlock the full potential of this historically promising site.

Historic Highlights:

• Compilation of all previously reported surface quartz vein grab samples at the property from 2011 to 2020 averaged 14.1 g/t Au (uncut, n = 52, g/t = grams per tonne) or 0.41 oz/t Au, with 54% of samples returning greater than 1 g/t Au (0.03 oz/t), and 23% of samples greater than 10 g/t Au (0.23 oz/t), with a maximum value of 209 g/t Au (6.10 oz/t).

• Eight large composite grab samples (roughly 9 to 10 pounds each) collected from the trenches by local prospector R. Cyr in 1996 averaged 39.7 g/t Au (1.16 oz/t).

More About the JSHG Tecumseh Property:

The Tecumseh property is primarily underlain by Precambrian rocks consisting of Huronian sediments. These were intruded by Nipissing gabbro sills and dikes. The Grenville Front lies just south of the property, however, the numerous documented gold occurrences in the district (including the historical Au-Cu-Co Scadding Mine) may be genetically related to the older Yavapai Orogeny.

Structurally, the site sits between two prominent northwest-trending faults: the Washagami Lake Fault and the McLaren Lake Fault. Both of these are secondary splays from the main east-west trending Ess Lake Fault. The property features an array of auriferous quartz-carbonate-hematite-mica-sulphide veins occurring over an area of approximately 800 feet by 2,300 feet. These strike northwest-southeast (120-140 degrees), and are hosted in a shallowly dipping gabbro sill.

Exploratory History:

Gold was first reported on the property during the 1920s to 1930s, during which time several shafts or pits were emplaced, however no historical records exist. The property appears to have been left idle until 1959 when Black Crow Mines undertook a self-potential geophysical survey and completed 4 shallow drill holes.

Work resumed intermittently from 1975 to 1988 by various operators. It consisted of geological and geophysical surveys, extensive surface trenching and sampling, and thirty shallow, small-diameter diamond drill holes (BQ at maximum = 1 7/16” core diameter). During this time the currently known system of auriferous veins were delineated, principally by trenching, along seven main trends (termed then from "A" to "G"), with individual veins attaining widths of a couple of inches to as much as 8 feet (approximately). Notably, some vein trends host as many as eight parallel sub-veins. The veins host accessory sulphide from trace amounts to locally semi-massive vugs of pyrite, pyrrhotite, and chalcopyrite. Historical operators judged the veins to be overly "nuggety" for gold, which hampered surficial trench sampling. This may also help explain why many of the narrow-diameter historical drill holes did not encounter high-grade gold at shallow depths.

Map 1: Location of quartz vein grab samples collected on the property since 2011 (as listed in Table 1 and Table 2) by operator.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6845/218763_8f14400ec44f09f1_001full.jpg

Historic Grab Sample Analysis:

In preparation for the current exploration program, an initial compilation of historical data was undertaken. From assessment files and internal reports, "modern-era" surface grab samples (keeping in mind the inherent potential sampling bias of grab samples) were compiled from work by R. Cyr in 1996, Trueclaim Exploration in 2011, Vision Prospecting in 2019, and JSHG in 2020 (Map 1).

The eight samples taken by Cyr (Table 1) were all over-sized (roughly 9 to 10 pounds each) to mitigate the nugget issue. These ranged from 11.6 g/t Au to 69.5 g/t Au (0.34 oz/t to 2.03 oz/t), averaging 39.7 g/t Au (1.16 oz/t). The fifty-two "normal-sized" (approximately 1 to 3 pounds) quartz vein grab samples collected from 2011 to 2020 returned an uncut average of 14.1 g/t Au (0.41 oz/t), ranging from 0.002 g/t Au to 209 g/t Au (0.00006 oz/t to 6.1 oz/t), with 77% of the samples greater than 0.1 g/t Au (0.003 oz/t), 54% of the samples greater than 1 g/t Au (0.03 oz/t), and 23% greater than 10 g/t Au (0.29 oz/t).

For clarity, it should be noted that the forty-one Trueclaim samples and the six Vision samples were prepared using standard crushing and pulverizing, while the five JSHG samples were processed by the laboratory using the "screen metallic" method before assaying, also to mitigate the nugget effect. Where analyzed, these combined samples also returned up to 12 g/t silver (0.35 oz/t), 1.53% copper, and 0.038% cobalt.

Future rock and core sampling work will continue to be evaluated using the screen metallic method, which was not routinely used in the past (other than by JSHG in 2020). Another focus will be on evaluating how auriferous the altered gabbro intervals between the quartz veins are, as historical work largely focused on sampling the veins. Where altered gabbros have been sampled in the past, assays of 0.1 to 0.4 g/t Au (0.003 oz/t to 0.01 oz/t) have been reported. If vein density and grade prove sufficient, consideration of a bulk open-pit mining scenario may be warranted.

Matt Rees, formerly Chief Geologist at IAMGOLD Corp. is leading the geological team and comments, "The high-grade gold values observed to date are very encouraging, and certainly indicate a fertile mineralizing system. It remains to be discovered if the system is better focused on the eastern gabbro-sediment contact, which may be structural but is covered beneath an extensive beaver pond for most of its more than half-mile strike length across the property. We may also find that the system is better developed directly beneath the known vein array, hosted in the sediments that are footwall to the gabbro sill."

Ben Fuschino, President and CEO of JSHG further comments: "I believe we have the right team and the right property with our Tecumseh site. Given the numerous high-grade gold veins on the property, we are very keen to see how the exploration program unfolds."

Table 1 - Analytical results from over-sized (roughly 9 to 10 pounds each) surface grab samples collected by R. Cyr in 1996:

TABLE 1

Sample_ID	Easting	Northing	Au_ppm	Ag_ppm	Co_%	Cu_%	Comment
E654	536233	5170016	37.715	11.3	0.008	0.81	mostly from E6 trench
E1A	536252	5169907	69.464	5.8	0.038	0.13	southern E1 trench
E1	536221	5169938	39.086	8	0.01	0.72	northern E1 trench
E	536262	5169885	18.24	4.4	0.012	0.43	southern E trench
F	536283	5169830	56.16	4.6	0.013	0.31	south-east F trench
O	536158	5169914	60.412	5.2	0.011	0.19	Ore Dump
M	na	na	25.372	4	0.006	0.18	composite from various trenches
M1	536234	5169847	11.452	2.7	0.008	0.19	northern F trench

 

Table 2 - Analytical results for surface grab samples collected by various operators from 2011-2020 (VG = visible gold reported in the sample; TC = Trueclaim Exploration, VE = Vision Exploration, JSHG = Joshua Gold Resources; SM = Screen Metallics; ppm = g/t):

TABLE 2

Sample No	Easting	Northing	Au ppm	Ag ppm	Co ppm	Cu ppm	Sampler	Comment
Z061738	536225	5170090	0.035	1	19	596	TC
Z061739	536188	5170060	1.025	0.5	53	162	TC
Z061740	536235	5170022	0.007	0.5	22	70	TC
Z061741	536235	5170022	0.002	0.5	30	91	TC
Z061742	536233	5170013	0.273	1	24	396	TC
Z061743	536240	5170007	0.051	0.5	34	1318	TC
Z061744	536238	5170010	0.361	3	22	1414	TC
Z061745	536227	5170004	37.141	10	33	9873	TC	VG
Z061746	536225	5169977	0.017	0.5	63	191	TC
Z061747	536216	5169977	2.708	0.5	20	291	TC
Z061748	536216	5169977	0.975	0.5	11	146	TC
Z061749	536208	5169952	0.979	0.5	28	197	TC
Z061750	536216	5169977	2.041	0.5	34	783	TC
Z061751	536216	5169977	0.055	0.5	2	81	TC	VG
Z061752	536208	5169952	22.471	12	14	732	TC
Z061753	536235	5169903	16.318	4	40	3098	TC
Z061754	536264	5169890	0.009	0.5	4	77	TC	VG
Z061755	536278	5169880	0.706	0.5	34	924	TC
Z061756	536223	5169908	15.42	1	3	24	TC
Z061757	536218	5169918	0.251	0.5	45	515	TC
Z061758	536216	5169912	2.31	0.5	19	113	TC
Z061759	536185	5169912	82.518	5	152	818	TC	VG
Z061760	536195	5169912	0.273	2	11	117	TC
Z061761	536195	5169912	9.887	1	48	248	TC
Z061762	536195	5169912	17.107	2	27	178	TC
Z061763	536195	5169912	2.914	0.5	16	90	TC
Z061764	536175	5169839	0.046	0.5	2	10	TC
Z061765	536181	5169821	0.012	0.5	2	9	TC
Z061766	536250	5169816	1.073	0.5	5	95	TC
Z061767	536222	5169797	0.023	0.5	17	17	TC
Z061769	536299	5169744	0.002	0.5	12	20	TC
Z061770	536268	5169794	7.619	0.5	10	43	TC
Z061773	536208	5169916	59.063	2	61	1697	TC
Z061774	536311	5169787	0.194	1	29	892	TC
Z061775	536312	5169774	0.364	0.5	42	106	TC
Z061776	536327	5169801	46.35	1	26	154	TC
Z061777	536323	5169824	4.299	2	65	3128	TC
Z061778	536300	5169828	11.132	9	284	15255	TC	VG
Z061780	536272	5169844	11.114	3	62	465	TC
Z061781	536030	5169564	0.072	3	133	2085	TC
Z061782	536007	5169602	0.982	4	102	2965	TC
Q203001	536228	5170081	0.359	na	na	na	VE
Q203003	536187	5170063	1.3	na	na	na	VE
Q203004	536242	5170001	1.78	na	na	na	VE
Q203005	536233	5169935	209	na	na	na	VE
Q203006	536216	5169949	3.48	na	na	na	VE
Q203007	536237	5169868	5.73	na	na	na	VE
378444	536232	5169934	140	10.3	20.3	6120	JSHG	SM
378445	536217	5169939	0.35	0.15	13	466	JSHG	SM
378446	536213	5169911	8.27	4.5	66	4380	JSHG	SM
378447	536220	5169950	2.22	0.3	59	799	JSHG	SM
378448	536262	5169894	4.49	1.6	78	1450	JSHG	SM

 

Matt Rees, M.Sc., P.Geo (ON) is a professional geologist and a "Qualified Person" and is responsible for the technical information contained in this news release.

Joshua Gold Resources Inc. (OTC: JSHG) is a publicly traded American gold exploration company headquartered in Canada, engaged in the exploration of highly prospective properties. Joshua Gold's focus is to pinpoint mineral opportunities in Northern Ontario, Canada, a mature and friendly jurisdiction for exploration and mining companies. Northern Ontario is home to the two- to three-billion-year-old Canadian Shield which contains a wealth of minerals from nickel, gold, and copper, to cobalt, chromium, and lithium. For more on JSHG, please go to http://www.joshuagoldresources.com/.

Investor Relations Contact:
Peter Nicosia, President of Bull In Advantage, LLC
Phone: (585) 703-6565
Email: investors@joshuagoldresources.com

Marketing & Communications Consultant:

Michael Micacchi
Meet Michael Digital Marketing & E-Commerce
Phone: (519) 608-1146
Email: michael@meetmichael.ca
Website: https://www.meetmichael.ca

Safe Harbor Statement This press release contains forward-looking statements within the meaning 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 or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218763

FAQ

What is the latest exploration activity at Joshua Gold Resources' Tecumseh Property?

In July 2024, Joshua Gold Resources (JSHG) conducted a sampling program at its Tecumseh Property, collecting 34 rock and soil samples over 3 days. The samples are currently undergoing laboratory analysis.

Where is the Tecumseh Property located and how large is it?

The Tecumseh Property is located approximately 26 miles east-northeast of Sudbury, Ontario. It covers about 217 acres and consists of four cells.

What were the historical gold grades reported from the Tecumseh Property (JSHG)?

Historical grab samples from 2011 to 2020 at the Tecumseh Property averaged 14.1 g/t Au, with some samples yielding up to 209 g/t Au. Eight large composite grab samples collected in 1996 averaged 39.7 g/t Au.

What is Joshua Gold Resources' (JSHG) exploration strategy for the Tecumseh Property?

JSHG aims to use modern exploration techniques to evaluate the gold content of altered gabbro intervals between quartz veins. They are considering the potential for a bulk open-pit mining scenario if vein density and grade prove sufficient.