Juggernaut Drills 2.3 gpt AuEq over 6.5 m on Gold Standard
December 13 2021 - 6:45AM
Juggernaut Exploration Ltd (JUGR.V) (The
“Company” or
“Juggernaut”)
is pleased to announce the results from its 2021 maiden
exploratory drill program on its 100% controlled Gold Standard
property situated along the Central Coast of British Columbia. A
total of 11 shallow exploratory holes were drilled, all of which
intersected significant widths of anomalous gold and polymetallic
mineralization and/or quartz-chlorite-sulphide veining on the
Goldzilla Hinge Zone. Drill hole GSD-21-10 intersected 2.146 gpt Au
(2.302 gpt AuEq) over 6.5 m including 3.284 gpt Au (3.498 gpt AuEq)
over 4.0 m and 8.210 gpt Au (8.638 gpt AuEq) over 1 m. The
Goldzilla Zone has been traced on surface for 800 m with a vertical
relief of 300 m and remains open both to the southeast and to
depth. A small faction of the Goldzilla vein has been tested on
strike and to depth to date. The 2021 drilling focused on the Hinge
Zone was successful in confirming the gold mineralized vein for 60
meters along strike and 55 m to depth and remains open.
Drill Highlights:
- All 11 exploratory holes
completed on the Goldzilla hinge zone intersected significant
widths of anomalous gold and polymetallic mineralization and/or
quartz-chlorite-sulphide veining at shallow depths.
(Link to 2021
Video)
- The inaugural drill program
on the Goldzilla vein was designed to test a small fraction of the
800 m long vein where a channel cut at the Goldzilla Hinge Zone
returned 5.86 gpt Au (6.00 gpt AuEq) over 12 m including 5 m of
13.03 gpt AuEq and 1 m of 31.66 gpt AuEq (See News
Release October 15, 2019)
(Goldzilla Schematic Image)
(Goldzilla Hinge Zone Image) (Goldzilla Big Show
Zone Image).
- Drill hole GSD-21-10
intersected 2.146 gpt Au (2.302 gpt AuEq) over 6.5 m including
3.284 gpt Au (3.498 gpt AuEq) over 4.0 m and 8.210 gpt Au (8.638
gpt AuEq) over 1 m. (GSD-21-10
Image)
- Drill hole GSD-21-04
intersected 5.690 gpt Au (5.915 gpt AuEq) over 0.5 m.
(GSD-21-04 Image)
- Drill hole GSD-21-05
intersected 0.825 gpt Au (0.866 gpt AuEq) over 1 m including 1.040
gpt Au (1.089 gpt AuEq) over 0.5 m. (GSD-21-05
Image)
Table 1: 2021 Gold Standard 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.
GSD-21-01 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
43.00 |
47.50 |
4.50 |
0.220 |
0.856 |
0.001 |
0.000 |
0.009 |
0.238 |
Including |
43.50 |
46.00 |
2.50 |
0.275 |
1.013 |
0.001 |
0.000 |
0.009 |
0.296 |
|
GSD-21-02 |
From (m) |
To (m) |
0.00 |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
46.00 |
48.50 |
2.50 |
0.352 |
1.170 |
0.001 |
0.000 |
0.005 |
0.372 |
Including |
46.00 |
48.00 |
2.00 |
0.412 |
1.288 |
0.001 |
0.000 |
0.004 |
0.432 |
Including |
46.00 |
47.00 |
1.00 |
0.555 |
1.650 |
0.001 |
0.000 |
0.005 |
0.580 |
|
GSD-21-03 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
82.00 |
83.00 |
1.00 |
0.414 |
0.825 |
0.003 |
0.000 |
0.012 |
0.438 |
|
GSD-21-04 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
43.00 |
44.00 |
1.00 |
0.209 |
1.200 |
0.003 |
0.000 |
0.008 |
0.234 |
|
Interval |
51.50 |
52.00 |
0.50 |
5.690 |
17.200 |
0.001 |
0.000 |
0.002 |
5.915 |
|
GSD-21-05 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
48.50 |
49.50 |
1.00 |
0.825 |
2.900 |
0.001 |
0.000 |
0.005 |
0.866 |
Including |
49.00 |
49.50 |
0.50 |
1.040 |
3.500 |
0.001 |
0.000 |
0.005 |
1.089 |
|
GSD-21-06 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
49.50 |
50.50 |
1.00 |
0.441 |
1.400 |
0.000 |
0.000 |
0.002 |
0.461 |
|
GSD-21-07 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
44.50 |
45.00 |
0.50 |
0.465 |
2.800 |
0.011 |
0.000 |
0.004 |
0.522 |
|
Interval |
59.00 |
62.00 |
3.00 |
0.212 |
0.917 |
0.002 |
0.000 |
0.004 |
0.230 |
Including |
59.00 |
60.50 |
1.50 |
0.281 |
1.333 |
0.002 |
0.000 |
0.004 |
0.304 |
|
GSD-21-08 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
54.00 |
55.50 |
1.50 |
0.274 |
0.683 |
0.000 |
0.000 |
0.002 |
0.285 |
Including |
55.00 |
55.50 |
0.50 |
0.566 |
1.300 |
0.000 |
0.000 |
0.003 |
0.585 |
|
GSD-21-10 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
61.50 |
68.00 |
6.50 |
2.146 |
7.585 |
0.033 |
0.000 |
0.003 |
2.302 |
Including |
63.00 |
68.00 |
5.00 |
2.689 |
9.520 |
0.038 |
0.000 |
0.003 |
2.878 |
Including |
63.00 |
67.00 |
4.00 |
3.284 |
11.550 |
0.038 |
0.000 |
0.002 |
3.498 |
Including |
64.00 |
67.00 |
3.00 |
3.947 |
14.033 |
0.026 |
0.000 |
0.002 |
4.173 |
Including |
64.00 |
65.00 |
1.00 |
8.210 |
31.100 |
0.016 |
0.000 |
0.001 |
8.638 |
|
GSD-21-11 |
From (m) |
To (m) |
Interval (m) |
Au (gpt) |
Ag (gpt) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (gpt)* |
Interval |
54.50 |
55.50 |
1.00 |
0.195 |
0.700 |
0.002 |
0.000 |
0.008 |
0.212 |
Including |
54.50 |
55.00 |
0.50 |
0.233 |
0.800 |
0.003 |
0.000 |
0.010 |
0.254 |
* 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 Standard drill collar locations.
Hole ID |
Collar Easting |
Collar Northing |
Datum/Zone |
Azimuth |
Dip |
Length |
GSD-21-01 |
648672.7 |
5811100.9 |
UTM NAD83 9N |
139 |
47.7 |
117.2 |
GSD-21-02 |
648672.8 |
5811101.3 |
UTM NAD83 9N |
131.5 |
69.1 |
135 |
GSD-21-03 |
648672.6 |
5811101.4 |
UTM NAD83 9N |
128.8 |
88.2 |
93 |
GSD-21-04 |
648672.5 |
5811101.1 |
UTM NAD83 9N |
173.9 |
48.6 |
123 |
GSD-21-05 |
648672.5 |
5811101.2 |
UTM NAD83 9N |
171.6 |
68.3 |
97 |
GSD-21-06 |
648672.6 |
5811101.4 |
UTM NAD83 9N |
170.6 |
79.2 |
139 |
GSD-21-07 |
648672.4 |
5811100.8 |
UTM NAD83 9N |
187.2 |
47.3 |
145 |
GSD-21-08 |
648672.1 |
5811101.3 |
UTM NAD83 9N |
189.3 |
69 |
108 |
GSD-21-09 |
648672.8 |
5811100.2 |
UTM NAD83 9N |
211 |
88.3 |
95.46 |
GSD-21-10 |
648673.4 |
5811100.2 |
UTM NAD83 9N |
112.5 |
52.7 |
90 |
GSD-21-11 |
648673.1 |
5811101.7 |
UTM NAD83 9N |
110 |
88 |
60.65 |
The 2021 maiden exploration drilling consisted of 11
shallow drill holes totalling 1203 m, which were designed to test
the Goldzilla Hinge Zone, a small section of the 800 m Goldzilla
Vein. All holes intersected anomalous high gold polymetallic
mineralization and/or quartz-chlorite-sulphide veining confirming
the presence of a new orogenic gold system which remains open both
along strike to the southeast and down dip. The Gold Standard
property comprises multiple extensive shear-hosted
orogenic quartz-chlorite-sulphide veins up to 20 m wide and 1000 m
long outcropping at surface (Goldstandard Overview
Map Veins). Of these veins, only a small section
of the Goldzilla has been drill tested to date (60 m of strike and
55 m down dip) leaving the majority of this vein unexplored along
strike and at depth. The property is located in a key geologic
setting along a regional scale under-explored high strain zone that
extends for more than 100 km in a NNW-SSE direction.
(2021 Video Link
Here).
Goldstandard property highlights:
- During the 2021 field
season, 28 channel grabs where collected with grades ranging from
background up to 34.6 gpt Au, 149 gpt Ag and 0.01 %
Cu.
- During the 2021 campaign, 40
grab samples where collected with grades ranging from background up
to 34.6 gpt Au, 149 gpt Ag and 0.46 % Cu.
- In 2019 through detailed
mapping and surficial sampling, a 100 m by up to 20 m wide Hinge
Zone was discovered containing high grade gold mineralization of up
to 6.00 gpt AuEq over 12 m including 5 m of 13.03 g/t AuEq and 1 m
of 31.66 AuEq. This Hinge Zone is part of the Goldzilla orogenic
system that is traced on surface for 800 m with 300 m of vertical
relief and remains open. (Goldzilla Schematic
Image) (Goldzilla Hinge Zone
Image) (Goldzilla Big Show Zone
Image 1)
(Goldzilla Big Show Zone Image
2) (Goldzilla
Big Show Zone Image 3)
- The Kraken Vein is up to 15
m wide and has been traced on surface for 1000 m with 520 m of
vertical relief and remains open. Channel samples from 2019
returned grades of 29.48 gpt AuEq over 0.7 m and a 1 m chip taken
305 m along strike grading 6.52 gpt Au and remains open. A maiden
drill program is recommended to test Kraken. (Link
to Video) (Kraken Overview
Image) (Kraken
Overview Schematic)
- The Leviathan vein is an up
to 5 m wide vein that has been traced on surface for 500 m with 50
m of vertical relief and remains open. Channel sampling from 2019
returned grades of up to 3.65 gpt AuEq over 3 m including 10.55 gpt
AuEq over 1 m true width and remains open. A maiden drill program
is recommended to test Leviathan. (Link to
Video) (Leviathan
Schematic) (Leviathan
Vien)
- The East Vein has a strike
of 600 m with vertical relief of 60 m and is up to 3 m wide with
grab samples up to 7.22 gpt Au and a 3 m chip sample grading 5.75
gpt Au located 2.8 km to the east of the Leviathan vein. This
system remains open in all directions. A maiden drill program is
recommended to test the East Vein. (East Vein
Picture 1) (East
Vein Picture 2) (East Vein
Chip)
- Multiple other extensive
en-echelon gold-bearing orogenic veins have been found within the
high strain zone extending for 4.5 km by 1.5 km
(Goldstar Overview Map
Veins).
This mineralized orogenic system is part of a regional high
strain zone, a brittle and ductile, sub-vertical shear zone system
that is proximal to the boundary between the Intermontane and
Insular superterranes, demarked by the Coast Shear Zone.
Localization of high strain zones within the system are associated
with sheeted, oxidized, sulphide-bearing quartz veins and shear
zones that have been identified in outcrop with a strike length of
4.6 km and 1.5 km wide, which remains open in all directions.
Discrete gold bearing quartz veins and shears trend up to ~1 km in
strike with 500 m of vertical extent and are up to 20 m in width.
They host variable amounts of gold mineralization, oxidized pyrite
and disseminated pyrite with chalcopyrite. 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.
(High Strain
Zone).
The 2021 inaugural drill program and additional
prospecting and mapping has further confirmed the presence of a
strong gold mineralized orogenic system that remains largely
unexplored on Goldstandard providing for tremendous additional
discovery potential both on surface and at depth. Based on results
from the maiden shallow exploratory drilling, an additional follow
up drill program is recommended on Goldzilla to
outline the gold mineralization in the
3rd dimension both along strike
and to depth. Future maiden drilling is also recommended to test
the gold potential of the nearby Kraken and Phoenix veins
(Phoenix Outcrop) as well as the
Leviathan and East veins.
Results from the Gold Standard property have confirmed the
presence of a strong gold mineralized orogenic system on the Gold
Standard property at surface and at depth where veins occur in an
en-echelon pattern to the regional north-northwest orientation of
the major shear zones. The prolonged faulting and shearing within
this under-explored regional high strain zone on the Gold Standard
property provided extensive conduits for mineralizing fluids and
favourable sites for mineralization
(shears Image).
These orogenic characteristics are consistent with gold-bearing
mineralized veins and shear zones. Orogenic gold system are often
deep rooted and are mined to depths of 1 to 3 km
(Tectonic
Setting). Approximately 67 % of Canadian
gold production comes from orogenic systems in world class geologic
settings, with examples including the nearby Bralorne Pioneer Camp
in British Columbia (4.17 Moz) with depths to ~2 km, and many
regions within the Canadian shield including Kirkland Lake (>40
Moz) (kirkland
Lake), Timmins (>70 Moz), Val
d’Or/Noranda (>69 Moz) and Red Lake gold camps (>29 Moz).
These gold deposits typically contain average mining grades of ~5
gpt Au to ~15 gpt Au.
Juggernaut Exploration’s 100 % controlled Gold Standard property
is an original discovery with no previous recorded work in the area
and is situated 1 km north of tidewater along the Central Coast of
British Columbia approximately 4 km from major infrastructure.
Dan Stuart, President and CEO of Juggernaut Exploration,
states: The results from the maiden exploration drilling
on Goldstandard has confirmed gold mineralization in the
subsurface. This shallow exploratory drilling on the Goldzilla
Hinge Zone has barely begun to scratch the surface on this
extensive orogenic gold system. We look forward to unlocking the
full gold potential by drilling Goldstandard in 2022 and beyond,
the next exploration season is shaping up to be an exciting
one.
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,
chlorite-schist, 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 Stuart
President and Chief Executive Officer
Tel: (604)-559-8028
www.juggernautexploration.com
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forward-looking statements that are subject to numerous risks and
uncertainties relating to Juggernaut’s operations that may cause
future results to differ materially from those expressed or implied
by those forward-looking statements, including its ability to
complete the contemplated private placement. Readers are cautioned
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