Juggernaut Drills 14.31 gpt Au/Eq Over 5.5 Meters on Goldilocks Discovery
December 06 2021 - 6:45AM
Juggernaut Exploration Ltd (JUGR.V) (The
“Company” or
“Juggernaut”)
is pleased to announce the results from its 2021 inaugural
diamond drill program on its 100% controlled Gold Star property
situated along the Central Coast of British Columbia. A total of 5
shallow exploratory holes were drilled, all of which intersected
significant widths of high grade gold /polymetallic mineralization
in quartz-chlorite-sulphide veins on the newly discovered
Goldilocks Zone. Drill hole GS-21-05 intersected
10.795 gpt Au (14.31 AuEq) over 5.5 m including 29.2 gpt Au (38.37
AuEq ) over 2.0 m. The Goldilocks Zone has been traced on surface
for 290 meters with 160 meters vertical relief before being covered
by overburden and remains open both along strike and to
depth.
Drill Highlights:
- The high grade core of the
Goldilocks zone has an average grade of 9.427 gpt AuEq over an
average width of 4.1 m within a broader envelope of
gold/polymetallic mineralized quartz chlorite sulphide veins as
demonstrated by all 5 maiden drill holes.
- Drill hole GS-21-05
intersected 10.795 gpt Au (14.31 gpt AuEq) over 5.5 m including
23.412 gpt Au (30.773 gpt AuEq) over 2.5 m and 57.563 gpt Au
(75.606 gpt AuEq) over 1.0 m (link to
GS-21-05)
- Drill hole GS-21-04
intersected 7.497 gpt Au (10.905 gpt AuEq) over 5.5 m including
13.493 gpt Au (19.598 gpt AuEq) over 3.0 m and 38.239 gpt Au
(55.918 gpt AuEq) over 1.0 m (link to
GS-21-04)
- Drill hole GS-21-02
intersected 6.345 gpt Au (9.294 gpt AuEq) over 3.5 m including
7.377 gpt Au (10.735 gpt AuEq) over 3.0 m and 10.893 gpt Au (15.814
AuEq) over 2.0 m (link to
GS-21-02)
- Drill hole GS-21-03
intersected 3.708 gpt Au (6.145 gpt AuEq) over 3.0 m including
4.959 gpt Au (6.937 gpt AuEq) over 2 meters and 6.343 gpt Au (8.882
gpt AuEq) over 1.5 m (link to
GS-21-03)
- Drill hole GS-21-01
intersected 5.223 gpt Au (6.482 gpt AuEq) over 3.0 m including
7.771 gpt Au (9.575 gpt AuEq) over 2.0 m and 15.140 gpt Au (18.574
gpt AuEq) over 1 m (link to
GS-21-01)
Table 1: 2021 Gold Star drill hole assay results. Widths are
reported in drill core lengths and the true widths are not known.
See Table 2 for hole locations, azimuth and dip.
GS-21-05 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (gpt) |
Pb (gpt) |
Zn (gpt) |
AuEq (gpt) |
Interval |
6.00 |
11.50 |
5.50 |
10.795 |
260.782 |
857.273 |
46.545 |
76.909 |
14.310 |
Including |
6.50 |
11.50 |
5.00 |
11.870 |
286.640 |
689.000 |
50.000 |
75.000 |
15.690 |
Including |
9.00 |
11.50 |
2.50 |
23.412 |
564.400 |
425.800 |
90.000 |
60.000 |
30.773 |
Including |
9.50 |
11.00 |
1.50 |
38.780 |
935.033 |
616.667 |
143.667 |
36.000 |
50.956 |
Including |
9.50 |
10.50 |
1.00 |
57.563 |
1386.750 |
839.500 |
205.000 |
34.000 |
75.606 |
Including |
9.50 |
10.00 |
0.50 |
113.500 |
2730.000 |
1460.000 |
392.000 |
66.000 |
148.989 |
|
Interval |
1.00 |
2.50 |
1.50 |
4.861 |
86.933 |
183.333 |
101.333 |
39.667 |
6.020 |
Including |
1.50 |
2.00 |
0.50 |
10.900 |
170.000 |
150.000 |
224.000 |
77.000 |
13.132 |
GS-21-04 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (gpt) |
Pb (gpt) |
Zn (gpt) |
AuEq (gpt) |
Interval |
10.00 |
15.50 |
5.50 |
7.497 |
260.855 |
227.000 |
59.636 |
46.636 |
10.905 |
Including |
12.00 |
15.00 |
3.00 |
13.493 |
468.417 |
326.000 |
103.167 |
39.833 |
19.598 |
Including |
13.00 |
15.00 |
2.00 |
20.089 |
697.600 |
436.250 |
145.000 |
47.500 |
29.171 |
Including |
13.00 |
14.00 |
1.00 |
38.239 |
1364.700 |
361.500 |
168.000 |
47.500 |
55.918 |
Including |
13.50 |
14.00 |
0.50 |
75.500 |
2700.000 |
707.000 |
329.000 |
94.000 |
110.475 |
|
Interval |
3.50 |
8.50 |
5.00 |
1.308 |
33.570 |
167.200 |
22.900 |
81.000 |
1.775 |
Including |
6.00 |
8.50 |
2.50 |
1.596 |
44.820 |
249.200 |
18.000 |
85.600 |
2.222 |
Including |
7.00 |
8.00 |
1.00 |
3.240 |
93.950 |
378.000 |
24.000 |
61.000 |
4.520 |
GS-21-02 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (gpt) |
Pb (gpt) |
Zn (gpt) |
AuEq (gpt) |
Interval |
6.50 |
10.00 |
3.50 |
6.345 |
202.557 |
1987.000 |
41.286 |
43.714 |
9.294 |
Including |
6.50 |
9.50 |
3.00 |
7.377 |
235.517 |
1884.833 |
44.833 |
39.833 |
10.735 |
Including |
7.00 |
9.50 |
2.50 |
8.802 |
281.260 |
2130.600 |
51.000 |
32.800 |
12.791 |
Including |
7.50 |
9.50 |
2.00 |
10.893 |
347.500 |
2598.000 |
60.250 |
25.250 |
15.814 |
Including |
8.00 |
9.50 |
1.50 |
12.683 |
403.000 |
1984.000 |
73.333 |
27.667 |
18.219 |
|
Interval |
2.00 |
3.50 |
1.50 |
4.285 |
68.300 |
32.333 |
213.000 |
35.667 |
5.183 |
Including |
2.50 |
3.00 |
0.50 |
12.500 |
198.000 |
22.000 |
621.000 |
13.000 |
15.084 |
|
Interval |
23.50 |
26.00 |
2.50 |
0.606 |
20.520 |
56.400 |
25.800 |
70.200 |
0.885 |
Including |
24.00 |
25.50 |
1.50 |
0.815 |
28.800 |
60.667 |
30.667 |
61.667 |
1.201 |
GS-21-03 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (gpt) |
Pb (gpt) |
Zn (gpt) |
AuEq (gpt) |
Interval |
11.50 |
16.00 |
4.50 |
2.366 |
73.011 |
164.778 |
61.000 |
55.778 |
3.341 |
Including |
12.50 |
15.50 |
3.00 |
3.708 |
139.629 |
1271.143 |
3203.000 |
5110.143 |
6.145 |
Including |
12.50 |
15.00 |
2.50 |
4.063 |
123.340 |
120.800 |
102.000 |
34.400 |
5.681 |
Including |
13.00 |
15.00 |
2.00 |
4.959 |
151.075 |
131.500 |
125.000 |
34.750 |
6.937 |
Including |
13.00 |
14.50 |
1.50 |
6.343 |
195.333 |
84.000 |
93.333 |
16.667 |
8.882 |
Including |
13.00 |
13.50 |
0.50 |
9.180 |
291.000 |
197.000 |
62.000 |
26.000 |
12.972 |
|
Interval |
3.50 |
7.50 |
4.00 |
0.458 |
9.288 |
57.125 |
12.625 |
29.750 |
0.589 |
Including |
5.50 |
7.50 |
2.00 |
0.590 |
11.450 |
90.500 |
16.000 |
45.250 |
0.756 |
GS-21-01 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (gpt) |
Pb (gpt) |
Zn (gpt) |
AuEq (gpt) |
Interval |
1.50 |
4.50 |
3.00 |
5.223 |
94.167 |
226.833 |
89.500 |
44.000 |
6.482 |
Including |
1.50 |
4.00 |
2.50 |
6.243 |
111.400 |
222.800 |
98.400 |
43.800 |
7.724 |
Including |
1.50 |
3.50 |
2.00 |
7.771 |
137.175 |
167.250 |
114.000 |
41.500 |
9.575 |
Including |
1.50 |
3.00 |
1.50 |
10.240 |
180.133 |
70.667 |
122.333 |
39.667 |
12.584 |
Including |
2.00 |
3.00 |
1.00 |
15.140 |
265.150 |
33.500 |
168.500 |
4.500 |
18.574 |
Including |
2.00 |
2.50 |
0.50 |
26.000 |
453.000 |
30.000 |
78.000 |
1.000 |
31.853 |
|
Interval |
6.00 |
8.00 |
2.00 |
0.658 |
17.175 |
418.750 |
10.750 |
52.750 |
0.953 |
* AuEq metal values are calculated using: Au 1792.60 USD/oz, Ag
23.13 USD/oz, Cu 4.37 USD/lbs, Pb 1.05 USD/lbs and Zn 1.52 USD/lbs
on November 28, 2021.
Table 2: 2021 Gold Star drill collar locations
Hole ID |
Collar Easting |
Collar Northing |
Datum/Zone |
Azimuth |
Dip |
Length (m) |
GS-21-01 |
656273.9 |
5782404.7 |
UTM NAD83 9N |
208 |
43 |
63 |
GS-21-02 |
656273.1 |
5782404.6 |
UTM NAD83 9N |
246 |
45 |
54 |
GS-21-03 |
656272.1 |
5782405.0 |
UTM NAD83 9N |
173 |
45 |
57 |
GS-21-04 |
656271.4 |
5782404.2 |
UTM NAD83 9N |
160 |
45 |
51 |
GS-21-05 |
656273.5 |
5782403.9 |
UTM NAD83 9N |
224 |
45 |
60 |
The 2021 maiden exploration drilling consisted
of 5 shallow drill holes totalling 285 m, which were designed to
test the main Goldilocks outcrop and all holes intersected high
gold polymetallic mineralization confirming the presence of a new
orogenic gold system which remains open both along strike and down
dip. The property is located in a key geologic setting
along a regional scale under-explored high strain zone and contains
a series of newly discovered gold mineralized
quartz-chlorite-sulphide veins up to 10 m wide.
(VIDEO LINK HERE)
Gold Star property highlights
- The Goldilocks
Zone is characterized by multiple quartz-sulphide-pyrite outcrops
that daylight in glacial talus containing high-grade gold and
polymetallic mineralization. The zone is defined on surface by
veining and altered host rock exposed over a strike of 290 m and
160 m vertical relief that remains open. (Link to Field Sample
Locations)
- A 2019 channel
cut within the Goldilocks zone consisted of a 3.75 m cut to
partially test a 10.5 m wide section of exposed outcrop. Assays
returned 7.86 gpt AuEq over 3.75 m true width. This channel started
in 9.01 gpt AuEq and ended in 10.79 gpt AuEq leaving the zone open.
This zone also contains gold mineralization confirmed in the host
rock (pyritic chlorite-schist) that assayed 1.13 gpt AuEq over a 1
m interval within the 3.75 m channel. (Link to NR Feb 18,
2020)
- A 2021
channel sample taken from the quartz-chlorite-sulphide vein at the
western end of the Goldilocks showing, 175 m to the west on strike
of the main Goldilocks outcrop, assayed 0.953 gpt AuEq over 3.5 m
including 2.153 gpt AuEq over 1 m. (Link to Goldilocks
Zone Overview) and (Link to Goldilocks Vein Image)
- A 2021 channel
sample take from the Yellow Brick Road showing 500 m south of the
Goldilocks zone assayed 4.587 gpt AuEq over 3.1 m including 5.850
gpt AuEq over 1 m in an outcrop of quartz-chlorite-sulphide vein
within an envelope of chlorite-schist. (Link to Yellow Brick Road
Zone Overview) and (Link to Yellow Brick Road Vein Image).
- The Yellow Brick
Road Zone has been traced for 170 meters and remains open and
contains pyrite-chalcopyrite-galena bearing, vuggy quartz veins
that are up to 1 meter wide with chip samples up to 24.55
gpt AuEq over 1 meter and with grab samples assaying up to 99.0 gpt
AuEq. The veins are encompassed by a pyritic and
quartz-sericite-pyrite alteration envelope that is up to 30 cm
wide.
Table 3: 2021 Gold Star channel samples
Channel ID |
Sample ID |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Goldilocks Showing Channel |
GL-21-01 |
Y608229 |
1.000 |
1.690 |
35.400 |
0.004 |
0.000 |
0.000 |
2.153 |
GL-21-01 |
Y608231 |
0.900 |
0.178 |
5.500 |
0.003 |
0.001 |
0.004 |
0.256 |
GL-21-01 |
Y608232 |
0.600 |
0.157 |
5.900 |
0.009 |
0.000 |
0.007 |
0.240 |
GL-21-01 |
Y608233 |
0.500 |
0.791 |
19.200 |
0.001 |
0.000 |
0.001 |
1.045 |
GL-21-01 |
Y608234 |
0.500 |
0.431 |
10.600 |
0.001 |
0.002 |
0.005 |
0.574 |
Weighted average |
3.500 |
0.730 |
16.797 |
0.004 |
0.001 |
0.003 |
0.953 |
Yellow Brick Road Showing Channel |
YBR-21-01 |
Y608763 |
0.500 |
0.089 |
3.800 |
0.010 |
0.008 |
0.006 |
0.145 |
YBR-21-01 |
Y608764 |
0.500 |
4.210 |
91.200 |
0.092 |
0.061 |
0.001 |
5.393 |
YBR-21-01 |
Y608765 |
0.800 |
1.455 |
23.600 |
0.077 |
0.369 |
0.004 |
1.766 |
YBR-21-01 |
Y608766 |
0.800 |
1.510 |
33.900 |
0.113 |
0.555 |
0.005 |
1.954 |
YBR-21-01 |
Y608767 |
0.500 |
4.130 |
73.500 |
0.074 |
0.055 |
0.001 |
5.085 |
YBR-21-01 |
Y608768 |
0.500 |
5.710 |
69.600 |
0.128 |
0.142 |
0.004 |
6.615 |
YBR-21-01 |
Y608769 |
0.400 |
0.015 |
5.300 |
0.303 |
0.446 |
0.056 |
0.090 |
Weighted Average |
3.100 |
3.710 |
67.339 |
0.111 |
0.290 |
0.003 |
4.587 |
Including |
1.000 |
4.920 |
71.550 |
0.101 |
0.099 |
0.002 |
5.850 |
* AuEq metal values are calculated using: Au 1792.60 USD/oz, Ag
23.13 USD/oz, Cu 4.37 USD/lbs, Pb 1.05 USD/lbs and Zn 1.52 USD/lbs
on November 28, 2021.
Table 4: 2021 Gold Star grab samples
Sample ID |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Y608761 |
98.400 |
45.800 |
2.530 |
0.001 |
0.007 |
99.000 |
Y608762 |
13.100 |
11.700 |
0.506 |
0.000 |
0.002 |
13.260 |
Y608629 |
4.230 |
121.000 |
0.013 |
0.001 |
0.000 |
5.800 |
Y608631 |
3.320 |
2.600 |
0.002 |
0.002 |
0.006 |
3.362 |
Y608583 |
0.971 |
25.200 |
0.006 |
0.003 |
0.003 |
1.305 |
Y608582 |
0.940 |
24.000 |
0.013 |
0.046 |
0.006 |
1.259 |
Y608632 |
0.161 |
3.100 |
0.004 |
0.001 |
0.003 |
0.210 |
* AuEq metal values are calculated using: Au 1792.60 USD/oz, Ag
23.13 USD/oz, Cu 4.37 USD/lbs, Pb 1.05 USD/lbs and Zn 1.52 USD/lbs
on November 28, 2021.
The high grade gold mineralization confirmed in
all the maiden drill holes and surface samples on Gold Star
confirms the presence of a significant gold system. The inaugural
exploratory drill program has tested only a small fraction of this
gold system that remains open in all directions. With strong gold
mineralization confirmed in all the drill holes strongly suggests
the presence of a significant gold system that remains
under-explored. The technical team recommends a phase two follow up
drill program focused on expanding the gold mineralization both
along strike and down dip to outline the full gold potential of
this important new discovery.
Extensive regions of snow-pack abatement and
glacial recession along the regional under-explored high stain zone
provide for extensive areas recently exposed with excellent
discovery potential. (Link to Regional High-Strain Zone
Map).
The Gold Star Property is an original discovery
with no previous recorded work in the area and is situated 4.5 km
east of tidewater along the Central Coast of British Columbia
approximately 5.5 km from logging access roads, which provides for
good access to infrastructure.
Dan Stuart, President and CEO of
Juggernaut Exploration, states: Juggernaut and the
technical team are extremely excited by the results from the
Goldilocks Zone. The 2021 maiden drill program has confirmed the
discovery of a significant new high grade gold system that remains
open in all directions. With continued exploration success,
Goldilocks has strong potential to quickly evolve into the next big
gold discovery providing benefits to the shareholders, local
stakeholders and First Nation. The geologic setting of this
under-explored regional scale high strain zone has tremendous
untapped potential to host multiple new discoveries that could
evolve into an important new gold camp providing value for years to
come. We look forward to the fully funded 2022 recommended drill
program and expanding the geometry of this exciting new gold
discovery. The company is in the process of compiling and
interpreting the Gold Standard results and looks forward to
releasing them in the near future. Juggernaut is in a very unique
position sitting with a tight share structure of just over 40MM
shares issued and outstanding coupled with over $4,400,000
currently in the treasury not including additional exploration
rebates puts Juggernaut firmly in a fully funded position for the
much anticipated 2022 drill programs and beyond.
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
Oriented HQ-diameter diamond drill core from the
drill campaign is placed in core boxes by the drill crew contracted
by the Company. Core boxes are transported by helicopter to the
staging area, and then transported by truck to the core shack. The
core is then re-orientated, meterage blocks are checked, meter
marks are labelled, Recovery and RQD measurements taken, and
primary bedding and secondary structural features including veins,
dykes, cleavage, and shears are noted and measured. The core is
then described and transcribed in MX DepositTM. Drill holes were
planned using Leapfrog GeoTM and QGISTM software and data from the
2017-2019 exploration campaigns. Drill core containing quartz,
sulphide(s), or notable alteration are sampled in lengths of 0.5 to
1.0 meters. Core samples are cut lengthwise in half, one-half
remains in the box and the other half is inserted in a clean
plastic bag with a sample tag. Standards, blanks and duplicates
were added in the sample stream at a rate of 20%. All samples,
including core, rock grabs, channels and talus samples, are
transported in rice bags sealed with numbered security tags. A
transport company takes them from the core shack to the ALS labs
facilities in North Vancouver or MSA labs facilities in Langley.
ALS (and MSA) is either Certified to ISO 9001:2008 or Accredited to
ISO 17025:2005 in all of its locations. At ALS (and MSA), samples
are processed, dried, crushed, and pulverized before analysis using
the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods.
Overlimits are re-analyzed using the ME-ICP61, Au-ICP21, and
Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher
than 5 gpt, the labs will re-analyze using Metallic Screening
Au-SCR24C (MSC-150) method. 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.
For more information, please
contact:
Juggernaut Exploration Ltd.Dan StuartPresident
and Chief Executive OfficerTel:
(604)-559-8028www.juggernautexploration.com
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