JNC Resources Commences Drill Site Construction for Upcoming Drill Program

News Releases

November 5, 2020

JNC Resources Commences Drill Site Construction for Upcoming Drill Program

Trading Symbol: JNC (CSE)

Vancouver, B.C. – JNC Resources Inc. (the “Company”)

VANCOUVER, BC – November 5, 2020 – (CSE: JNC) (OTC: JNCCF) – JNC Resources Inc. (“JNC” or the “Company”) is pleased to announce the commencement of the drill site construction at our Imperial Project, which is located 18 miles northeast of Goldfield, one of the largest gold producers in the Silver Peak District of Nevada.

The sites for the initial four holes have been selected. The first three holes will retest historic drill holes to confirm the Imperial vein. The fourth hole will test an identified gold anomaly south of the main Imperial structure. Minimal site construction work will be needed for the 2020 drill program. The sites will be post-marked in preparation of the drill program, by the end of the week. Three of the four holes are already accessible via an existing road. The fourth site will require the construction of a short stretch of road of less than 100 meters. Management is confident that infrastructure costs will be minimal, allowing Earthworks, the contractor that the Company has retained, to efficiently construct the road and the pads required for our drill program.

JNC CEO Michael Mulberry states, “We are extremely excited to start the preparation work on our much anticipated 2020 drill program. The initial drill program will help delineate a resource and provide a road map for our next stage of drilling. We would like to thank Richard Kern, President of Great Basin Resources, for his excellent work in helping us advance our gold project during these difficult times. We remain laser focused on preparation, efficiency and being cost-effective and we are grateful to be able to tap into Richard’s 25 plus years of experience to further delineate our resource.”

“The NOI, which covers all necessary environmental permitting, is a significant step as we ready our Imperial Property for drilling,” stated Michael Mulberry, CEO of JNC Resources. “The program is intended to test geological interpretations within the property, that historically has had high prospects of gold. It is important that we have all the required environmental permits, as the drill program will assist in information that will be vital for exploration efforts moving forward”

The proposed drill holes will test the main Imperial vein along with several gold-bearing structures. We will also propose drilling in an area in the Northeast, that showed good surface alteration, with much of the material being brecciated.

About JNC Resources Inc.

JNC is a North American-based junior venture mineral exploration company with a goal to develop under-explored properties and benefit from deal flow generated by strategic partnerships and growth opportunities. Currently the Company is developing its 100% optioned Triple 9 Project in South Central British Columbia. The Triple 9 Project is a gold property with a new discovery of high levels of base metals, located 20 km from the town of Sicamous. JNC also has an option agreement with Great Basin Resources to acquire 100% control and interest in the Imperial Project in Nevada. The Imperial Property is located in Esmeralda County, Nevada, which has been a prolific mining area in the state. The Property is in close proximity to the town of Goldfields, where gold production occurred in the early part of the 20th century.

For further information please contact:
Michael Mulberry
T: 778-855-5001

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.


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