Joshua Gold Resources Inc. has acquired full ownership of a series of 30 mining claims south of Timmins, Ontario, Canada, comprising approximately 1,200 acres of potential mineral resources. The company has named it Lithium Two, partly for its proximity to its Lithium One property, in which the company holds a 50% ownership stake. The claims, located in Northrup and Robin Townships, sit atop what is known to be a granite-rich area.

This is important because lithium minerals (particularly Spodumene) occur in granite pegmatites. According to JSHG's Chief Geologist Fred Sharpley (QP) the 30 contiguous claims are “underlain by granite, which requires prospecting and sampling for lithium. Lithium Two sits in the area of Gogama, Ontario, and shares a similar type of terrain where pegmatite outcrops containing spodumene have been identified on other potential lithium properties.

Gogama itself continues to be a hotbed of activity and has experienced a recent staking rush following findings of spodumene, a lithium-bearing mineral derived from pegmatite. Much of the activity in Gogama is due to the increasing demand for lithium, which is a critical component in electric car batteries. Meeting the world's lithium requirements means utilizing multiple sourcing methods, like deriving spodumene from pegmatite rock.

Like Lithium One, this makes JSHG's new property potentially very important to the lithium industry.