Juggernaut Exploration Ltd V.JUGR

Alternate Symbol(s): JUGRF

Metals & Mining Industrial Metals & Minerals

Juggernaut Exploration Ltd. is a Canada-based company that is in the business of acquiring, exploring and evaluating mineral resource properties. The Company’s operating properties include Midas and Empire Properties, Gold Standard Property, Gold Star Property and Bingo Property. It entered into two separate letter agreements with J2 Syndicate Holdings Ltd. (the J2 Syndicate) and its members (the Optionors) providing the Company with the right to acquire a 100% interest in the Midas property situated in the Skeena Mining Division of British Columbia and the Empire property situated in the Omineca Mining Division of BC. The Gold Standard Property contains over 3,961 hectares located in West Central British Columbia (BC). The Gold Star Property contains over 238 hectares located in West Central BC in close proximity to the Gold Standard Property. It also has 100% interest in and to certain mineral claims situated in the Skeena Mining District in British Columbia, the Bingo Property.

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Juggernaut Exploration Ltd

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Post by longshortmanon Feb 26, 2018 2:46pm

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Post# 27622854

Midas King Solomon Zone - a Large Drill Ready Gold Discovery

Midas King Solomon Zone is a Large Drill Ready Gold Discovery

Midas is an extensive new gold in bedrock discovery 100% controlled by Juggernaut TSX-V:JUGR located in a world class geological setting that is only 14 km to major power, CN rail, with direct road access, and is drill ready. This discovery was made as a result of rapid permanent snow-pack recession in the region. (LINK TO MAP)

The surface gold mineralization has been traced over a 2.1 X 1.6 Km area known as the King Solomon Zone, and remains open. (LINK TO MAP). The extent of the gold mineralization indicates a large feeder source at depth. Multiple high grade gold mineralized chip and channel samples have been taken along a northwest strike for over 750 meters and contain grades up to > 10 grams per tonne gold over 4.34 meters.

The Midas property has seen very little exploration within an 18 x 10 km alteration zone that was identified by the BCGS as one of the last important large under-explored alteration systems in BC with very strong potential for both Eskay Creek style VMS and structurally controlled gold mineralization. Widespread polymetallic and gold mineralization seen on surface coupled with the extensive gold in soil anomaly that measures 1100 by 800 meters provides strong evidence of a large gold system that is drill ready. (LINK TO MAP HERE)

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