Joshua Gold Resources Inc. Reports Encouraging Preliminary Gold Results from Promising Tecumseh Property

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Laboratory results from JSHG's July sampling program confirm gold, copper, cobalt, and silver mineralization, as previously delineated by explorers, with some unexpected findings. Similar to the nearby Norstar gold mine, Tecumseh's sulphide-bearing quartz veins show high-grade gold, along with copper, cobalt, and silver. MMI soil results also indicate anomalous copper, cobalt, silver, and gold in a new unexplored area.

Woodstock, Ontario--(Newsfile Corp. - September 17, 2024) - Joshua Gold Resources Inc (OTC Pink: JSHG) is pleased to announce that it has received laboratory results from its July 2024 ground sampling program at its northern Ontario Tecumseh gold prospect property in Davis Township. Gold-only preliminary results were recently reported, along with a compilation of historical sampling on the property.

New laboratory results have identified some very high-grade assays, confirming many of the gold findings from previous site explorations, along with several positive surprises - including possible significant lateral extensions to known vein systems, and potentially a new structure that may host previously undetected mineralization.

2024 Rock and Soil Sampling Highlights

  • Two "A Shaft" sample results returned 96.6 g/t (2.8 oz/t) and 5.05 g/t (0.15 oz/t) Au.

  • Three samples from the E and F vein trends also returned high-grade results of 37.8 g/t (1.1 oz/t), 51.4 g/t (1.5 oz/t), and 54.3 g/t (1.58 oz/t) Au.

  • Of 66 quartz vein samples collected between 2011 and 2024, the Tecumseh property has an average gold grade of 15.1 g/t (0.44 oz/t).

  • New ICP results, in line with historical samples, indicate the presence of significant copper, cobalt, and silver which indicate significant potential by-product credits.

  • MMI analysis detected anomalous copper (up to 4930 ppb), cobalt (up to 302 ppb), silver (up to 30.6 ppb), and gold (up to 0.6 ppb)

  • Soil results may indicate a significant extension to the known vein sets, potentially doubling their currently known strike extent.

  • Soil results may also point to a new zone of mineralization along the gabbro-greywacke contact.

The JSHG Tecumseh property lies just 2 kilometers north of the historic Norstar gold-copper mine which produced a total of 63,000 tons of ore at a grade of 7.2 g/t gold (0.21 oz/t) and 0.9% copper. Although relatively small, the high-grade Norstar mineralization exists along a faulted contact between Nipissing gabbro and Huronian sediments similar to the makeup of JSHG's Tecumseh property. This indicates the potential for mineralizations in comparable host rocks in the area, such as on the 1,100-meter (or about 1,200 yards) eastern gabbro/greywacke contact that trends through JSHG's Tecumseh property.

Two of JSHG's July 2024 rock samples (9253 and 9254) taken from Tecumseh's "A Shaft" area located in the northern part of the property returned 96.6 g/t (2.8 oz/t) and 5.05 g/t (0.15 oz/t) Au from the rubble around the shaft area (Table 1).

This area was largely overlooked by explorers, who keyed in on the better-exposed E, F, and G vein systems in the southern part of the property. As a result, the "A Shaft" area remains largely unexplored by modern methods and these promising samples warrant further exploration.

Sample 9254: Gossanous and vuggy quartz vein "A Shaft" rubble sample which assayed 96.6 g/t (2.8 oz/t) Au.

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Additional high-grade gold values were also confirmed from the E and F vein systems. Three of the new samples returned 37.8 g/t (1.1 oz/t), 51.4 g/t (1.5 oz/t), and 54.3 g/t (1.58 oz/t) Au. The gold's nuggety nature is again indicated by nearby samples taken from the E, F, and G vein systems. These samples returned gold values from less than the detection limit of 0.03 g/t (0.0008 oz/t) to a maximum of 9.26 g/t Au (0.27 oz/t).

  • A similar analysis of historical results informed by the July 2024 sample results shows an average (uncut) gold grade of 15.1 g/t (0.44 oz/t) based on 66 quartz vein grab samples collected from 2011 to 2024 (Table 1).

  • In line with previous findings, new ICP analysis results from the rock samples show significant copper (up to 0.66%), cobalt (up to 0.024%), and up to 28.8 g/t (0.84 oz/t) of silver, along with the high-grade gold (Table 1).

  • Scatter plots of 14 recent rock samples versus their composition show a high correlation to gold and silver. This may make them good pathfinders for gold in surface and subsurface environments (e.g. for soil sampling).

  • Additionally, 19 soil samples taken from a small area were also analyzed and returned anomalous levels of copper, cobalt, silver, and gold.

Sample 9262: Sulphide mineralized blue-grey quartz from the F vein trend relative to an approximately 15-centimeter (6-inch) hammer. The sample shows large clots of pyrite and chalcopyrite (54.3 g/t or 1.58 oz/t Au).

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Compilation of Historic Exploration Data

Ongoing analysis of historical results has revealed that drill hole GM-4-86 returned multiple encouraging gold assays. GM-4-86, the furthest SE hole completed on the F Vein trend (see location on Map 1), and beyond the area of historical trenching and drilling, returned numerous assays with greater than 0.2 g/t Au (0.006 oz/t), including highlights of 5.03 g/t (0.147 oz/t) over 1.2 meters, 2.16 g/t (0.063 oz/t) over 1.5 meters, 6.34 g/t (0.185 oz/t) over 0.9 meters, 21.71 g/t (0.634 oz/t) over 0.1 meters, and 2.47 g/t (0.072 oz/t) Au over 0.4 meters, with 10 additional intervals of 0.4 to 1 meter each assaying between 0.2 (0.006 oz/t) to 1 g/t (0.03 oz/t) Au.

Significantly, except for the narrow blue-gray quartz vein that hosts the 21.71 g/t (0.634 oz/t) Au intercept, the other assay intervals are from alteration zones interleaved throughout the gabbro, over a downhole breadth of 140.48 meters, starting at 19.45 meters and ending at 159.93 meters (2.47 g/t Au or 0.072 oz/t sample), just before the end of the hole at 162.76 meters. These results indicate that the hole may have approached, but fell short of discovering a new wider gold-bearing zone beneath the untested area. As with the anomalous soils, this finding indicates strong potential for further exploration on this trend.

These new rock and soil sampling results, along with the ongoing compilation of historic exploration data on the property and records from the nearby historic Norstar gold mine will help shape the company's continued exploration strategy at the Tecumseh property. A follow-up soil sampling and prospecting visit to the Tecumseh property intends to investigate the potential vein extensions, as well as the potential for mineralization along the gabbro-greywacke contact. Together, these results and future findings will pave the way for exciting new opportunities for JSHG and will help to provide a foundation for potential trenching and drilling programs at the site.

Tecumseh Property 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 (0.29 oz/t), with a maximum value of 209 g/t Au (6.1 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).

  • Historical drill hole GM-4-86 returned several promising gold assays, with a highlight of up to 21.71 g/t (0.63 oz/t) Au over 0.1 meters (or about 4 inches) and additional significant concentrations over approximately 140 meters (or about 153 yards). The results suggest the drill hole may have approached an undiscovered gold zone, attesting to the strong potential for further exploration on the trend.

  • The historic Norstar gold mine, located approximately 2 kilometers from JSHG's Tecumseh property, produced 63,000 tons of ore with a grade of 7.2 g/t (0.21 oz/t) Au and 0.9% Cu.

Matt Rees, formerly the Chief Geologist at IAMGOLD Corp. is leading the geological team and comments, "It is very encouraging to see high-grade gold results continue to be returned from additional sampling, confirming the very fertile nature of the mineralizing system. The anomalous soil results are also very interesting in that they may be an early indication of the potential expansion of the mineralizing system over significantly longer strike lengths, or into brand-new hosting structures, both of which were previously unexplored."

Ben Fuschino, President and CEO of JSHG further comments: "Based on these new results, it is clear that our Tecumseh property continues to demonstrate its gold potential. We are excited to get our team back to the site, and are looking forward to analyzing the results of that exploration."

More About the JSHG Tecumseh Property:

The roughly 0.88 square kilometer (or 217-acre), four-cell Tecumseh site is a long-held property within the JSHG portfolio. It is located approximately 42 kilometers (26 miles) east-northeast of Sudbury, Ontario, and about 82 kilometers (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.

For more information on the Tecumseh property, please visit the Joshua Gold Resources website.

Map 1: Location of quartz vein grab samples collected on the property since 1996 (as listed in Table 1) by operator, including those collected during the July 2024 sampling program, as well as the location and copper results from the MMI soil orientation "grid". The dashed white line indicates the largely inferred location of the gabbro-greywacke contact, and BPC = Beaver Pond Chain.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6845/223595_f2f1cb4c9451d86e_003full.jpg

Table 1 - Analytical results for surface grab samples collected by various operators from 1996 to 2024. RC = R. Cyr (1996), TC = Trueclaim Exploration (2011), VE = Vision Exploration (2019), JSHG1 = Joshua Gold Resources (2020); JSHG2 = Joshua Gold Resources (2024); OS = oversized sample (9-10 pounds each), VG = visible gold reported in the sample, SM = Screen Metallics, g/t = grams/tonne:


Sample No

Easting

Northing

Au g/t

Ag g/t

Co ppm

Cu ppm

Sampler

Comment

E654

536233

5170016

37.715

11.3

80

8100

RC

OS

E1A

536252

5169907

69.464

5.8

380

1300

RC

OS

E1

536221

5169938

39.086

8

100

7200

RC

OS

E

536262

5169885

18.24

4.4

120

4300

RC

OS

F

536283

5169830

56.16

4.6

130

3100

RC

OS

O

536158

5169914

60.412

5.2

110

1900

RC

OS

M

na

na

25.372

4

60

1800

RC

OS

M1

536234

5169847

11.452

2.7

80

1900

RC

OS

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

JSHG1

SM

378445

536217

5169939

0.35

0.15

13

466

JSHG1

SM

378446

536213

5169911

8.27

4.5

66

4380

JSHG1

SM

378447

536220

5169950

2.22

0.3

59

799

JSHG1

SM

378448

536262

5169894

4.49

1.6

78

1450

JSHG1

SM

9253

536145

5170345

5.05

1

82

1260

JSHG2

SM

9254

536145

5170345

96.6

28.8

236

3660

JSHG2

SM

9255

536164

5170177

0.36

0.15

8

67

JSHG2

SM

9256

536318

5169735

0.015

0.15

2

22

JSHG2

SM

9257

536334

5169827

0.015

0.15

5

36

JSHG2

SM

9258

536334

5169827

0.015

0.15

0.5

10

JSHG2

SM

9259

536334

5169827

0.96

0.15

14

247

JSHG2

SM

9260

536315

5169832

0.85

0.15

27

70

JSHG2

SM

9261

536271

5169839

9.26

1.4

104

1470

JSHG2

SM

9262

536283

5169842

54.3

10.3

80

3800

JSHG2

SM

9263

536283

5169842

0.65

0.15

33

360

JSHG2

SM

9264

536283

5169842

51.4

6.6

37

6600

JSHG2

SM

9265

536282

5169885

2.07

0.15

46

204

JSHG2

SM

9266

536279

5169890

37.8

8.1

82

6190

JSHG2

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 Pink: 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 https://www.joshuagoldresources.com/.

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