Business
JNC Resources Year-End Review
VANCOUVER, BC / ACCESSWIRE / December 31, 2020 / JNC Resources Inc. (CSE:JNC) ("JNC" or the "Company") is pleased to reflect on a very successful 2020. JNC comp
About this update from Metalite Resources Inc
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / December 31, 2020 / JNC Resources Inc. (CSE:JNC) (\"JNC\" or the \"Company\") is pleased to reflect on a very successful 2020. JNC completed its initial public offering on the Canadian Securities Exchange in April 2020 with Mackie Research Capital Corporation acting as the agent. Subsequently, the Company completed international listings on both the US Markets (OTC PINK:JNCCF) and in Germany (Frankfurt:5VH). JNC firmly believes that by listing on these three exchanges, it increases the Company's overall market presence and shareholder awareness as a growing global exploration company. JNC was incorporated with its Triple 9 project in British Columbia. The Triple 9 Property consists of 2 mineral claims covering approximately 717 hectares, 6 km northwest of Sicamous, British Columbia. The Company carried out an initial exploration program in May, 2019, where we were able to complete a very successful geochemical survey before COVID 19 brought the world to a halt. Unfortunately, this forced JNC to put the Triple 9 project on hold until restrictions are eased. With new restrictions and complications in place to prevent the further spread of COVID 19, the Company made a decision to expand its portfolio, by tapping into management's 50 years of experience and relationships in the mining sector. COVID 19 restrictions resulted in focusing on projects with partners that would be able to operate as developers in areas that would allow for work to continue during these challenging times. The Company's first strategic move was the gold rich Esmerelda County in Nevada, USA. We were very lucky to have great timing to partner with Richard Kern with whom we have had a long-standing relationship and obtained an option for a gold project named the Imperial Property from Great Basin Resources. The Imperial Project is a vein and sediment hosted gold project comprising 35 unpatented mining claims covering a total of 660 acres. The project is located 18 miles northeast of Goldfield, Nevada in the Silver Peak District within the Walker Lane. Silver Peak is the second largest gold producing area in Esmeralda County after Goldfield. Historic drilling has intersected both high-grade vein hosted and heap leachable Carlin style mineralization which needs additional drilling. The property is fully permitted and bonded for the n...