JKS Resources Inc. Enters into Drilling Contract

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2023) - JKS Resources Inc. (CSE: JKS) ("JKS" or the "Company") is pleased to announce that it has entered into a drill contract with Subterra Exploration Ltd. to carry out a maiden reverse circulation drill program on its Sowchea Property, located in the Omineca Mining Division, British Columbia.

The drill program will involve >100 holes at a depth of 3m to determine the locations of lithologic contacts, alteration corridors and potential mineralization on the Sowchea Property. The Company anticipates drilling will commence in late January 2023.

Investor Relations Agreement

The Company is also pleased to announce that it has today entered into an agreement with Maynard Communications Limited ("Maynard"), an investor relations firm. Maynard has been appointed as an investor relations consultant to JKS for an initial 12 month term and will provide investor relations, marketing and communications services for, and on behalf of, the Company. Maynard will provide a wide range of services relating to search engine optimization, digital media campaigns for branding, media relations consulting, general business development, multimedia services and project management.

Pursuant to the agreement, Maynard will receive a fee of CAD$150,000, of which CAD$100,000 has been paid and an additional CAD $50,000 will be paid in three months. The fees for the services of Maynard out of unallocated available funds of the Company. The agreement may be terminated by either party on 60 calendar days' prior written notice to the other party.

Maynard is an arm's length consultant to the Company. To the knowledge of the Company, Maynard has not acquired and has no plans to acquire any securities in the Company. Neither the Company nor any of its directors, officers or employees have any interest, directly or indirectly, in Maynard, or their securities, or any right or intent to acquire such an interest. Maynard manages a marketing team headquartered in Hong Kong and has been successfully marketing for a broad range of companies listed on various exchanges. Karl Marek is the President of Maynard.

About JKS Resources Inc.

JKS is engaged in the business of exploration of gold focused mineral properties. JKS holds an option to acquire a 100% interest in the Sowchea Property, subject to a 1% gross over-riding royalty interest in the revenue from the sale of production (the "GORR"). JKS has the right to purchase half of the GORR for $1,000,000 at any time. The Sowchea Property consists of three mineral claims covering approximately 2,280 hectares in the Omineca Mining Division of Central British Columbia.

The scientific and technical information contained in this news release has been reviewed and approved by Peter Born, P. Geo., a Qualified Person for the purpose of NI 43-101. Mr. Born is not independent as he is a director of the Company.

For more information please contact:

Gunther Roehlig
CEO, President & Director
T: 604-617-5421
Email: [email protected]

This news release includes certain statements that may be deemed "forward-looking statements", including statements respecting the services to be provided by JKS. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and similar expressions are intended to identify forward looking statements. Although JKS believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because JKS can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in JKS's disclosure documents which can be found under JKS's profile on www.sedar.com

Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152874

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).