Juggernaut Commences Mobilization for Inaugural Drill Test of Two New High-Grade Gold-Silver Targets in Northwest B.C.
May 26 2021 - 6:45AM
Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF)
(FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to
report it has commenced field mobilization for an inaugural diamond
drill program at each of its 100% controlled GoldStandard and
Goldstar projects. Drilling is designed to test newly discovered
high-grade gold-silver zones along strike and to depth. These
projects are situated in the prolific mineralized terrain of
northwestern British Columbia and are located in close proximity to
infrastructure providing for cost effective exploration.
GOLDSTANDARD PROPERTY
HIGHLIGHTS:
GOLDZILLA HINGE ZONE
100m long by up to 20m wide Hinge
Zone containing high-grade gold mineralization of up to
6.00 g/t AuEq over 12m including 5m of 13.03 g/t AuEq and
1m of 31.66 AuEq (schematic of hinge zone). The Hinge Zone
is part of the larger Goldzilla orogenic system that has been
traced on surface for 938m with 320m of vertical relief and remains
open along strike and at depth (hinge zone image)
HIGHLIGHTS OF OTHER OROGENIC VEINS ON
GOLDSTANDARD:
- The Leviathan
Vein: has been traced on surface for 500m with 50
m of vertical relief and remains open. Channel sampling
from 2019 returned grades of up to 3.65g/t AuEq over 3m
including 10.55g/t AuEq over 1m true width. (Leviathan
video) (Leviathan schematic)
- The Kraken Vein:
has been traced on surface for 1000 m with
520 m of vertical relief and remains open. Channel samples
from 2019 returned grades of 29.48g/t AuEq over 0.7 m and a
1m chip taken 305m along strike grading 6.52g/t Au.
(Kraken video) (Kraken schematic)
- The East Vein: is
a newly discovered large vein system with grab samples up to
7.22 g/t Au and a 3 m chip sample grading 5.75 g/t
Au. The discovery of this vein system has increased the
Big Show high strain zone from 2km by 1km to 4.6km by 1.5km. (East
Vein)
This orogenic gold system is part of a regional
sub-vertical, high-strain shear zone system displaying brittle and
ductile deformation that is proximal to the boundary between the
Intermontane and Insular Superterranes and demarked by the Coast
shear zone. High-strain zones within this system are associated
with sheeted sulphide-quartz veins that have been identified in
outcrop over a strike length of 4.6 km and width up to 1.5
km. The system remains open in all directions. Discrete
gold bearing quartz veins and shears extend up to ~1 km in strike
with up to 500m of vertical extent and widths up to 15m. These host
variable amounts of gold mineralization, oxidized pyrite and
disseminated pyrite with chalcopyrite.
The GoldStandard property is situated in the
central coastal region of British Columbia Canada, only 4km from
major infrastructure and 1km to tidewater and logging roads
providing excellent, cost-effective exploration. Approximately 67%
of Canadian gold production comes from orogenic type deposits.
GOLDSTAR PROPERTY
HIGHLIGHTS:
- GOLDILOCKS ZONE
- Goldilocks Zone is demarked
by multiple outcrops that daylight in glacial talus containing
high-grade gold and polymetallic mineralization with grab samples
assaying up to 40 g/t AuEq. The zone is defined by veining and
altered host rock over an area of 190m by 20m and 160m vertical
relief and remains open in all directions. To
date, 84% of rock samples collected at Goldilocks assayed greater
than 1.0 g/t gold suggesting continuity of gold
mineralization. (Link to
image)
- 2019 channel sampling
within the Goldilocks Zone included a 3.75m cut to
partially test a 10.5m wide section of exposed outcrop. This cut
returned 7.86 g/t AuEq over 3.75m true width starting in 9.01 g/t
AuEq and ending in 10.79 g/t AuEq. Juggernaut thinks this zone
remains open in all directions. Importantly, gold mineralization
occurs in host rocks (pyritic chlorite schist) that assayed 1.13
g/t AuEq over a 1-meter interval inside the 3.75-meter
channel. (link to video)
HIGHLIGHTS OF OTHER VEINS AT
GOLDSTAR:
- YELLOW BRICK ROAD
ZONE
- Located 500 meters south of
Goldilocks, the Yellow Brick Road Zone has been traced for 170
meters, and remains open along strike.
- Channel samples over 0.3m
assay up to 28.7 g/t Au, 410 g/t Ag, 1.4 % Cu, and 6 % Pb
(link to image)
- The Yellow Brick Road Zone
contains pyrite-chalcopyrite-galena bearing, vuggy quartz veins up
to 1 meter wide with chip samples up to 24.55 AuEq over 1m (20.6
g/t Au, 329 g/t Ag, 0.02 % Pb) and with grab samples assaying up to
55.80 g/t Au and 2340 g/t Ag. Veins are encompassed by a pyritic
and quartz-sericite-pyrite alteration envelope up to 0.3m
wide.
High-grade gold and silver
mineralization confirmed at surface at Goldilocks and Yellow Brick
Road, located 500 meters apart, combined with multiple other newly
discovered gold mineralized outcrops in the surrounding area,
suggests presence of a larger common gold mineralizing system at
depth. Drilling is designed to test the full strike of these zones
as well as the conceived target at depth. (link to
map)
The Gold Star Property is situated on the
central coast of BC and is located approximately 5.5km from logging
access roads and lies within 4.5km of tidewater providing for good
access to infrastructure. The Gold Star Property is a virgin
discovery with no previous recorded work in the area.
Dan Stuart, President and CEO of
Juggernaut states:
“Juggernaut is in the unique position of being
fully funded to undertake inaugural drilling at two virgin bedrock
discoveries, GoldStandard (link to video) and Goldstar (link to
video). In previous season’s work, Juggernaut confirmed the
presence of high-grade gold-silver-polymetallic mineralization over
significant extents at both projects. With Mobilization now
underway for the summer programs coupled with only 40M shares
outstanding, no debt and over $6,000,000 in the treasury,
Juggernaut provides an excellent opportunity for investors to
participate in these exciting exploration stories in a
strengthening precious and base metals bull market.
Qualified Person
Rein Turna, P. Geo is the qualified person as
defined by National Instrument 43- 101, for Juggernaut Exploration
projects, and supervised the preparation of, and has reviewed and
approved, the technical information in this release.
Other
All rock, channel and talus fine samples were
crushed and pulverized at ALS Canada Ltd.'s lab in Vancouver, BC.
ALS is either Certified to ISO 9001:2008 or Accredited to ISO
17025:2005 in all of its locations. The resulting sample pulps were
analyzed for gold by fire assay in Vancouver, BC. The pulps were
also assayed using multi-element aqua regia digestion at ALS Canada
Ltd.'s lab in Vancouver, BC. The coarse reject portions of the rock
samples, as well as the pulps, were shipped to DSM Syndicate's
storage facility in Terrace, BC. All samples were analyzed using
ALS Canada Ltd.'s assay procedure ME-ICP41, a 1:1:1 aqua regia
digestion with inductively-coupled plasma atomic emission
spectrometry (ICP-AES) or inductively-coupled plasma mass
spectrometry (ICP-MS) finish for 35 elements as well as the Au-AA24
lead collection fire assay fusion procedure with atomic absorption
spectroscopy (AAS) finish. Any results greater than 100 ppm for
silver or 10,000 ppm copper, lead and zinc were additionally
assayed using ALS's OG46 method particular to each element. This
method used an HNO3-HCl digestion followed by ICP-AES (or
titrimetric and gravimetric analysis). Gold values of greater than
10 ppm Au were assayed by the Au-GRA22 method which includes a
fire-assay fusion procedure with a gravimetric finish. QA/QC
samples including blanks, standards, and duplicate samples were
inserted regularly into the sample sequence.
The reader is cautioned that grab samples are
spot samples which are typically, but not exclusively, constrained
to mineralization. Grab samples are selective in nature and
collected to determine the presence or absence of mineralization
and are not intended to be representative of the material
sampled.
About Juggernaut Exploration
Ltd.
Juggernaut Exploration Ltd. is a precious metals
project generator in the geopolitically stable jurisdiction of
Canada, focused on the prolific geologic setting of northwestern
British Columbia.
For more information, please contact:
Juggernaut Exploration Ltd.
Dan
Stuart604-559-8028President and Chief
Executive Officer
www.juggernautexploration.com
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