Juggernaut Exploration Ltd V.JUGR

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Crescat on Juggernaut Exploration 2023 - Bing video

JUGGERNAUT COMMENCES DRILLING ON HIGH GRADE METALLICA ZONE

Vancouver, British Columbia – Aug 1st, 2023 – Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report early commencement of drilling on the high-grade Metallica zone on the Empire property in a region of recent glacial retreat exposing extensive mineralized outcrops that have never been detected before located at the southern end of the Golden Triangle, British Columbia.

Prospecting identified surface mineralization over an area measuring approximately 250 by 225 meters that remains open. Grab samples from an outcropping massive sulphide vein up to 30 cm wide assayed up to 36,875 gpt Ag (1180 ounces per ton silver), 4.68 gpt Au, 27.6% Cu and 3.27% Zn (This is one of the highest silver samples collected from outcrop in Canadian history). Channel samples from the massive sulphide vein assayed 22,694 gpt Ag (729.6 oz per ton), 26.4 % Cu, 2.8 % Zn. The vein extends for 40 meters in an east-west direction indicating a large porphyry feeder system at depth that remains open and is drill ready. Five separate gently dipping veins assayed between 1.00 and 16.4 gpt Au, and up to 2470 gpt Ag, 15.45% Cu and 1.58% Zn. These veins are up to 30 cm wide, contain quartz + Fe-carbonate ± covellite ± sphalerite and are arranged in a traceable set for over 50 meters across strike. In close proximity potassic alteration and porphyry textures seen on surface are believed to be related to a subtle magnetic high, indicating a porphyry core feeder at depth.

The 2023 drill program will test these veins including the massive sulphide veins and the potentially underlying porphyry feeder system with ~1500 m of drilling from 2 drill pads.
 
Empire Property Metallica Drill Holes Targeting (1180 ounces per ton silver), 4.68 gpt Au, 27.6% Cu and 3.27% Zn (This is one of the highest silver samples collected from outcrop in Canadian history)

Highlights from the high-grade Metallica Zone porphyry target on the Empire property:

• Grab samples from a massive sulphide vein up to 30 cm wide assayed up to 36,875 gpt Ag (1180 ounces per ton), 4.68 gpt Au, 27.6% Cu and 3.27% Zn. Channel samples from the massive sulphide vein assayed 22,694 gpt Ag (729.6 oz per ton), 26.4 % Cu, 2.8 % Zn. The vein extends for 40 meters in an east-west direction and remains open.
• Five separate gently dipping veins assayed between 1 and 16.4 gpt Au, and up to 2470 gpt Ag, 15.45% Cu and 1.58% Zn. These veins are up to 30 cm wide, contain quartz + Fe-carbonate ± covellite ± sphalerite and are arranged in a traceable set for over 50 meters across strike and remains open.
• Mineralization is hosted within a propylitically altered feldspar porphyry unit.
• The Metallica zone is part of the Inca Trend, a high-grade polymetallic mineralized trend that extends for 1.6 by 1.2 kilometer in an area where recent glacial abatement has exposed several extensive new zones of mineralized outcrop which were previously unknown.
• Excellent proximity to infrastructure, including highway, railway, high-tension power and the town of Terrace, BC.

 
The 100% controlled Empire Property covers 12,480 hectares approximately 70 kilometers northeast of Terrace, BC. It is road-accessible and approximately 15 kilometers from the nearest highway and power line.
 
Dan Stuart, President and CEO of Juggernaut Exploration states “We are excited to begin early the maiden drilling on the high-grade Metallica zone on Empire. We also look forward to announcing in short order the commencement of the highly anticipated maiden drill program on Bingo located next door to Goliath Resources Sure Bet discovery.  With much anticipation, we look forward to executing these inaugural drill and exploration programs and reporting results.”