News Releases
October 1, 2020
JNC RESOURCES ANNOUNCES ROCK SAMPLE RESULTS FROM THE IMPERIAL PROJECT IN NEVADA
Trading Symbol: JNC (CSE)
Vancouver, B.C. – JNC Resources Inc. (the “Company”)
VANCOUVER, BC – JNC Resources Inc. (CSE: JNC) (“JNC” or the “Company”) is pleased to announce the results of a rock sampling program at our Imperial Project which is located 18 miles northeast of one of the largest gold producers in Goldfield, Nevada in the Silver Peak District.
“We are extremely pleased with the rock samples at our Imperial Project in Nevada. With grades as high as 16.65 g/t we are now ready to formulate our fully funded, permit ready, drill program anticipated for Q4 2020. The test grids have identified large and open gold in soil anomalies that further support the potential for large and continuous gold bearing vein targets through the area” stated CEO, Michael Mulberry.
Six selected rock samples were collected at surface to help target the upcoming drill program. Grades as high as 16.65 g/t Au were found along the main, southeast trending Imperial fault structure, with up to 2.25 g/t Au seen on a northeast trending structure. The lowest result was from a sample taken from a prospect pit on a color anomaly across the canyon, which yielded 0.98 g/t Au.
The sampling was concentrated in areas of surface mineralization occurring beyond the limits of the fault zone that offsets the known mineralization. This is suggestive of the potential that the mineralization extends past the fault that stopped the original Imperial adit, which has subsequently influenced drill hole planning. The 2.25 g/t Au sample also shows strong potential for gold along northeast trending structures as well, some of which have gold enriched jasperoids outcropping at surface. While barely under one g/t Au, the sample across the canyon also shows potential for further gold bearing structures along the property.
Below is a chart of the assay results and their rough locations:
Qualified Persons
Warren Robb, P.Geo., is the qualified person for the Company as defined in National Instrument 43-101 and has reviewed the technical information presented within this news release.
About JNC Resources Inc.
For further information please contact:
Michael Mulberry
T: 778-855-5001
info@jncresources.com
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.
The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future of the Company and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
