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Juggernaut Exploration Ltd V.JUGR

Alternate Symbol(s):  JUGRF

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.


TSXV:JUGR - Post by User

Post by Magnum2on Dec 06, 2021 9:27am
225 Views
Post# 34201617

KABOOM, here we go, all near surface...

KABOOM, here we go, all near surface...with Gold Standard reults still to come. 

(GoldStar) All results 26M or shallower, with all 5 drill holes hitting decent grades;)))

Juggernaut drills 5.5 m of 14.31 g/t Au at Gold Star

2021-12-06 07:59 ET - News Release

Drill Highlights:

2021 Gold Star drill hole assay results. 

 Widths are reported in drill core lengths and the true widths are not known 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 57.5631386.750 839.500 205.000 34.000 75.606 Including 9.50 10.00 0.50 113.5002730.0001460.000 392.000 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 38.2391364.700 361.500 168.000 47.500 55.918 Including 13.50 14.00 0.50 75.5002700.000 707.000 329.000 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 6.345 202.5571987.000 41.286 43.714 9.294 Including 6.50 9.50 3.00 7.377 235.5171884.833 44.833 39.833 10.735 Including 7.00 9.50 2.50 8.802 281.2602130.600 51.000 32.800 12.791 Including 7.50 9.50 2.00 10.893 347.5002598.000 60.250 25.250 15.814 Including 8.00 9.50 1.50 12.683 403.0001984.000 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 3.708 139.6291271.1433203.0005110.143 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.

 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.

 

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