- Juggernaut Exploration (TSXV:JUGR) reveals it has begun drilling at its 100-per-cent-owned Midas property in the Golden Triangle in British Columbia
- The company drilled hole MD-24-47, the first hole of the season, which intercepted two metres of semi-massive sulphide within a broader interval of 84.50 metres of silicified chlorite-schist with continuous trace sulphide mineralization
- These new drill intercepts include the same mineralization and textures observed at the Kokomo showing
- Shares of Juggernaut Exploration are unchanged at C$0.11
Juggernaut Exploration (TSXV:JUGR) reveals it has begun drilling at its 100-per-cent-owned Midas property in the Golden Triangle in British Columbia.
In a release, the company stated it drilled hole MD-24-47, the first hole of the season, which intercepted two metres of semi-massive sulphide within a broader interval of 84.50 metres of silicified chlorite-schist with continuous trace sulphide mineralization
These new drill intercepts include the same mineralization and textures observed at the Kokomo showing where a chip sample assayed 9.343 grams per ton (g/t) gold, 117 g/t silver, 1.58 per cent copper and 1.77 per cent zinc.
“The 2024 drill program on the Midas property has officially commenced and is already showing excellent visual results,” Dan Stuart, CEO of Juggernaut Exploration, said in a statement. “We strongly believe that this year’s drill program will be able to test the most compelling VHMS target identified on the Midas property to date.”
The company also stated it has planned a total of 3,000 metres of drilling in 15 holes from six pad locations on the property in a world-class geologic terrane.
Drilling will include testing the strong Eskay-style Volcanogenic Hosted Massive Sulphide (VHMS) anomaly identified at the Kokomo showing as well as multiple strong additional VHMS targets in a 550-metre-by-350-metre area to the south of the Kokomo showing.
The Midas property is 100 per cent controlled by the company and covers 20,803 hectares south of Terrace, B.C.
The property is in an area of recent glacial abatement and permanent snowpack recession at the southern end of the Golden Triangle
With headquarters out of Vancouver, Juggernaut Exploration is focused on 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.
Shares of Juggernaut Exploration (TSXV:JUGR) are unchanged at C$0.11.
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