(TheNewswire)
2023 DRILLING HIGHLIGHTS:
-
Extensive broad copper-zinc-gold richintervals consisting of considerable chalcopyrite and pyrite inaggregates, stringers and veinlets have been intersected in multipledrill holes collared from anarea encompassing the VG Zone and Kokomo showing consistent with aVolcanogenic Hosted Massive Sulphide (VHMS) system. MAP WITH HIGHLIGHTEDDRILL HOLES AND TREND
-
Drill hole MD-23-34 intersected 1.56gpt AuEq (0.35 gpt Au, 6.10 gpt Ag, 0.64 % Cu and 0.67 % Zn) over 5.00meters, within 0.68 gpt AuEq (0.22 gpt Au, 2.73 gpt Ag, 0.20 % Cu and0.38 % Zn) over 22.00 meters. Additional intervals in this holeinclude 0.70 gpt AuEq (0.24 gpt Au, 2.93 gpt Ag, 0.64 % Cu and 0.70 %Zn) over 10 meters and 0.54 gpt AuEq (0.18 gpt Au, 1.70 gpt Ag, 0.09 %Cu and 0.53 % Zn) over 8.00 m. MD-23-34PHOTO
-
Drill hole MD-23-35 intersected 0.53gpt AuEq (0.18 gpt Au, 1.64 gpt Ag, 0.11 % Cu and 0.47 % Zn) over20.00 meters, including 1.41 gpt AuEq (0.38 gpt Au, 3.62 gpt Ag, 0.32% Cu and 1.40 % Zn) over 3.00 meters and 1.07 gpt AuEq (0.39 gpt Au,2.48 gpt Ag, 0.28 % Cu and 0.69 % Zn) over 3.00 meters. MD-23-35PHOTO
-
Drill hole MD-23-36 intersected 1.76gpt AuEq (0.79 gpt Au, 16.60 gpt Ag, 0.58 % Cu) over 1.00 meter,within 0.45 gpt AuEq (0.19 gpt Au, 4.30 gpt Ag, 0.15 % Cu) over 6.00meters. An additional interval in this hole assayed 0.29 gpt AuEq(0.16 gpt Au, 1.69 gpt Ag, 0.14 % Zn) over 32 meters. MD-23-36PHOTO
-
Drill hole MD-23-46 intersected 2.40gpt AuEq (1.30 gpt Au, 8.92 gpt Ag, 0.74 % Cu) over 1.00 meter.
MD-23-46PHOTO -
The mineralized horizons consist ofaggregates, stringers, and veinlets of chalcopyrite (up to 10 %),sphalerite (up to 5 %) and pyrite (up to 15 %) in a stronglyquartz-sericite altered volcanic host rock consistent with being inclose proximity to an Eskay-style Volcanogenic Hosted Massive Sulphide(VHMS) deposit.
-
Drill holes MD-23-34, MD-23-35 andMD-23-36 were collared from Eskay 1 Pad, located 550 m south of thegold-silver-copper-zinc rich Kokomo showing (9.343 gpt Au, 117 gpt Ag,1.58 % Cu and 1.77 % Zn), 250 m northeast of drill hole MD-19-18 (6.22m of 0.31 gpt Au, 0.95 m of 1.50 gpt Au with 1.94 % Cu and 3.22 m of0.36 gpt Au) and 200 m east-northeast of the VG Zone (2.24 gpt Au,6.83 gpt Ag, 0.18 % Cu and 1.04 % Zn over 4.80 meters).
-
The 2023 drill results in combinationwith results from previous years indicate an extensive north-southgold-copper-zinc rich mineralized trend that remains open extendingfor 550 m from Eskay 1 Pad to the Kokomo showing on strike with alarge relatively shallow Induced Polarization (IP) chargeability andresistivity anomaly. The gold and base metals component clearlyincreases towards the Kokomo showing, strongly indicating proximity tothe heart of a VHMS deposit.
-
2024 drilling will be designed tounlock the full mineral potential of the 550 m by 300 m high-grademineralization trend between Eskay 1 Pad and the Kokomo showing,focusing on the not yet drill-tested Kokomo showing close to the heartof the system. 2024 DRILL PLANMAP
HIGHLIGHTS FROM THE MIDASPROPERTY:
-
Historic drill results from the Midas property includehole MD-18-16 which intersected the peripheral zone of the IP anomalyand returned 0.56 g/t AuEq over 35.35 meters; hole MD-18-08, whichassayed 6.85 gpt Au over 9 meters and narrowly missed a strong IPchargeability anomaly core; and hole MD-18-01 which intersected 3.27gpt AuEq over 4.80 meters and ended before it reached the core of astrong IP chargeability anomaly.
-
Channel samples highlights from the VG Zone include10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2 meters; and 5.43gpt Au over 3.11 meters.
-
Multiple high-grade gold grab, chips and channelsamples including Kokomo showing where a 1 m chip sample assayed 9.343 gpt Au, 117gpt Ag, 1.58 % Cu and 1.77 % Zn.
-
Relatively shallow Induced Polarization (IP)chargeability and resistivity anomaly extends under the Kokomo showingfor at least 550 meters on trend to the south conducive forsemi-massive to massive sulphides.
-
Alteration zones extracted from Worldview 3 satellitespectral data show a strong silica, iron and phyllic alteration(quartz-sericite-pyrite) signature overlapping the Kokomo showing andthe 550 meter trend immediately to the south coinciding with the IPanomaly in the subsurface, further indicating the presence of amineralized VHMS system at depth. 2023 Midas AlterationMAP
-
Regional and local geology is highly prospective forVHMS deposits including the presence of a rhyolitic tuff with strongphyllic alteration (quartz-sericite-pyrite) from the Mt Attreevolcanics which are Mississippian in age. Mississippian age rocks areknown to host the majority of significant VHMS deposits.
-
Widespread Zn signature with secondary Au, Ag, Pb, Cuand trace element signature (elevated Au, Te, As, Sb, Bi, Cd, Hg,Ba).
-
Midas is within a world class geologic setting withstrong potential for Eskay-style VHMS mineralization. MidasSummary
-
-
ESKAY-STYLE KOKOMO VHMS TARGETHIGHLIGHTS:
-
-
The 3D inversion of the 2018 Induced Polarization (IP)data performed by an independent geophysical company highlighted a 120m by 150 m chargeability anomaly and a 350 m by 200 m resistivityanomaly from surface to 200 m depth that remains open to the South andEast conducive for semi-massive to massive sulphides like thoseconfirmed on surface at Kokomo. 3D IP inversionmap
-
Kokomo is an Eskay-style VHMS showing with a 1 m chipsample assaying 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn. Theoutcrop remains open in all directions where outcrops of the same orsimilar lithology extend over several hundred meters. Photo VHMSY606015
-
A BLEG sample collected 700 m down-slope in thedrainage of the Kokomo showing assayed 29 ppb Au, 613 ppb Ag, 137 ppmCu, 54.4 ppm Pb and 462 ppm Zn, by far the highest BLEG samplerecorded on the property and is coincident with a similar geochemicalsignature as the Kokomo showing
-
Two outcrop grab samples collected within 50 m of theKokomo showing in 2017 and 2018 assayed 1.835 gpt Au (with 34.4 gptAg, 0.84 % Cu, 0.03 % Pb and 0.79 % Zn) and 2.29 gpt Au (with 21.3 gptAg, 0.01 gpt Cu, 0.00 % Pb and 0.02 % Zn ). Photo - B066625labelled
-
The host rock to the Kokomo showing has been mapped byJuggernaut former senior geologist S. Roach as well as the BritishColumbia Geological Survey ( BCGS; M. McKeown, J. Nelson and R.Friedman, 2007 ) as a rhyolitic tuff withstrong phyllic alteration (quartz-sericite-pyrite) from the Mt Attreevolcanics, a unit highly prospective for VHMS deposits
-
In 2019, hole MD-19-24 collared 300 m Southwest of theKokomo showing with an azimuth of 090 and a dip of 50 intersected thefringes of the chargeability and resistivity anomalies highlighted bythe recent 3D inversion modeling of the IP data containingdisseminated sulphide mineralization (mainly pyrite and minorsphalerite) in the bottom half of the hole assaying up to 0.293 gpt Auand 2.8 % Zn closest to the Kokomo discovery outcrop. (See news release September 30,2019)
-
The geology, geochemistry, alteration, and extensiveunderlying geophysical anomaly coupled with the high-gradepolymetallic Au, Ag, Cu and Zn mineralization in semi-massive tomassive sulphides seen in outcrop at Kokomo strongly indicates thepotential of a new Eskay-style VHMS discovery.
Vancouver, British Columbia – TheNewswire - December 19, 2023 – Juggernaut Exploration Ltd (JUGR.V)(OTCQB:JUGRF) (FSE:4JE) (the “Company” or “Juggernaut”) is pleased to report the assayresults from the 2024 drill program on its 100 % controlled Midasproperty (the “Property”), Golden Triangle, BritishColumbia. Drill hole MD-23-34collared from Eskay 1 Pad intersected 1.56 gpt AuEq (0.35 gpt Au, 6.10gpt Ag, 0.64 % Cu and 0.67 % Zn) over 5.00 meters, within 0.68 gptAuEq (0.22 gpt Au, 2.73 gpt Ag, 0.20 % Cu and 0.38 % Zn) over 22.00meters. All three holes collared from Eskay 1Pad located at the transition from the VG Zone to the Kokomo Zone haveintersected considerable gold-copper-zinc mineralization and arecharacterized by copious amounts of chalcopyrite and pyrite inaggregates, stringers, and veinlets within astrongly altered volcanic host rock indicating close proximity to anEskay-style Volcanogenic Hosted Massive Sulphide (VHMS) deposit. The2023 drill results in combination with results from previous yearsindicate an extensive north-south gold-copper-zinc rich mineralizedtrend that remains open extending for 550 m by 300 m from Eskay 1 Padto the Kokomo showing on strike with a large relatively shallowInduced Polarization (IP) chargeability and resistivity anomaly. Thegold and base metals component clearly increased towards the Kokomoshowing, strongly indicating proximity to the heart of a VHMSdeposit.
MAP WITH HIGHLIGHTEDDRILL HOLES AND TREND
Drill hole MD-23-34 intersected 1.56gpt AuEq (0.35 gpt Au, 6.10 gpt Ag, 0.64 % Cu and 0.67 % Zn) over 5.00meters, within 0.68 gpt AuEq (0.22 gpt Au, 2.73 gpt Ag, 0.20 % Cu and0.38 % Zn) over 22.00 meters. Additional intervals in this holeinclude 0.70 gpt AuEq (0.24 gpt Au, 2.93 gpt Ag, 0.64 % Cu and 0.70 %Zn) over 10 meters and 0.54 gpt AuEq (0.18 gpt Au, 1.70 gpt Ag, 0.09 %Cu and 0.53 % Zn) over 8.00 m. MD-23-34PHOTO . Drill hole MD-23-35intersected 0.53 gpt AuEq (0.18 gpt Au, 1.64 gpt Ag, 0.11 % Cu and0.47 % Zn) over 20.00 meters, including 1.41 gpt AuEq (0.38 gpt Au,3.62 gpt Ag, 0.32 % Cu and 1.40 % Zn) over 3.00 meters and 1.07 gptAuEq (0.39 gpt Au, 2.48 gpt Ag, 0.28 % Cu and 0.69 % Zn) over 3.00meters. MD-23-35PHOTO Drill hole MD-23-36intersected 1.76 gpt AuEq (0.79 gpt Au, 16.60 gpt Ag, 0.58 % Cu) over1.00 meter, within 0.45 gpt AuEq (0.19 gpt Au, 4.30 gpt Ag, 0.15 % Cu)over 6.00 meters. An additional interval in this hole assayed 0.29 gptAuEq (0.16 gpt Au, 1.69 gpt Ag, 0.14 % Zn) over 32 meters. MD-23-36PHOTO In all three holes,the mineralization is cut off by a north-northeast trending, steeplydipping fault. The mineralized horizon consists of aggregates,stringers, and veinlets of chalcopyrite (up to 10 %) and pyrite (up to15 %) in a strongly quartz-sericite altered volcanic host rock withoccasional foliated portions that align with the north-northeastdirection of major faults in the area. A series of meter-size maficdykes intrude into the mineralized rock.
Table 1: Selected 2023 Midas drill hole assay resultsreported in this news release.
Pad ID | Hole ID | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt) | |
Eskay 1 | MD-23-34 | Interval | 12 | 20 | 8 | 0.18 | 1.70 | 0.09 | 0.01 | 0.53 | 0.54 |
Interval | 23 | 33 | 10 | 0.24 | 2.93 | 0.13 | 0.01 | 0.64 | 0.70 | ||
Interval | 35 | 57 | 22 | 0.22 | 2.73 | 0.20 | 0.02 | 0.38 | 0.68 | ||
Including | 47 | 52 | 5 | 0.35 | 6.10 | 0.64 | 0.05 | 0.67 | 1.56 | ||
Eskay 1 | MD-23-35 | Interval | 6 | 26 | 20 | 0.18 | 1.46 | 0.11 | 0.01 | 0.47 | 0.54 |
Including | 6 | 9 | 3 | 0.38 | 3.62 | 0.32 | 0.01 | 1.40 | 1.41 | ||
Including | 20 | 23 | 3 | 0.39 | 2.48 | 0.28 | 0.01 | 0.69 | 1.07 | ||
Eskay 1 | MD-23-36 | Interval | 1 | 33 | 32 | 0.16 | 1.69 | 0.04 | 0.01 | 0.14 | 0.29 |
Interval | 167 | 173 | 6 | 0.19 | 4.30 | 0.15 | 0.001 | 0.04 | 0.45 | ||
Including | 172 | 173 | 1 | 0.79 | 16.60 | 0.58 | 0.001 | 0.01 | 1.76 | ||
Kokomo 2 | MD-23-46 | Interval | 95 | 96 | 1 | 1.30 | 8.92 | 0.74 | 0.001 | 0.01 | 2.40 |
Drill holes MD-23-34, MD-23-35 and MD-23-36 werecollared from Eskay 1 Pad, located 550 m south of thegold-silver-copper-zinc rich Kokomo showing (9.343 gpt Au, 117 gpt Ag,1.58 % Cu and 1.77 % Zn), 250 m northeast of drill hole MD-19-18 (6.22m of 0.31 gpt Au, 0.95 m of 1.50 gpt Au with 1.94 % Cu and 3.22 m of0.36 gpt Au) and 200 m east-northeast of the VG Zone (2.24 gpt Au,6.83 gpt Ag, 0.18 % Cu and 1.04 % Zn over 4.80 meters). Thedistribution of the mineralization shows based on results from the2023 drilling, in combination with results from previous years,mapping, and geophysical surveys, clearly define a large, mineralizedtrend extending for 550 meters by 300 meters between Eskay 1 Pad andthe Kokomo showing. The same trend is seen in the subsurfacegeophysical IP data and remains open. Geochemical results confirmed indrill core and outcrop clearly show a significant increase in gold andbase metal values near the Kokomo showing strongly indicating that theheart of the VHMS deposit lies in very close proximity. This vector tothe core of the mineralization is also supported by multiple otherlines of evidence including the large open IP anomaly, structures, andmapping.
2024 Drill Plan
Based on the new results from the 2023 drill programand a thorough compilation of data from previous drill campaigns andexploration programs on the Property, including geochemistry,geophysics and mapping, that have allowed to vector-in and stronglypoint to the heart of the VHMS system, a drill plan designed tooutline the full VHMS potential of the 550 m by 300 m north-southtrend between the Eskay 1 Pad and the Kokomo showing has beenprepared. The drilling is designed to specifically target the 550 m by300 m area between the Eskay 1 Pad and the Kokomo showing that isstrongly indicated to contain the heart of the gold rich VHMS system. 3D MODEL
Due to a challenging drill environment and anunderpowered light drill rig used, the Kokomo target was not able tobe tested. The 2024 drilling is designed to overcome the challengesseen in 2023 by using a larger, more powerful drill rig. The Kokomoshowing consists of a VHMS style outcrop where a 1 m chip sampleassayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn. The outcropis 5 m wide and strikes on surface for 30 m and remains open and isunderlain by an extensive strong 550 m long Induced Polarization (IP)chargeability and resistivity anomaly that remains open, conducive forsemi-massive to massive sulphides like those confirmed on surface onthe Kokomo showing.
Table 2: Collar information for the drill holesreported in this news release.
Pad ID | Hole ID | Easting | Northing | Grid | Azimuth | Dip | Length (m) |
Kokomo 2 | MD-23-46 | 543495 | 6023013 | NAD83 / UTM zone 9N | 310 | 48 | 129 |
Eskay 1 | MD-23-36 | 543336 | 6022836 | NAD83 / UTM zone 9N | 160 | 65 | 243 |
Eskay 1 | MD-23-35 | 543337 | 6022835 | NAD83 / UTM zone 9N | 35 | 70 | 240 |
Eskay 1 | MD-23-34 | 543338 | 6022836 | NAD83 / UTM zone 9N | 90 | 60 | 123 |
Eskay-Style Kokomo VHMS target
The 3D inversion of the 2018 Induced Polarization dataperformed by an independent geophysical company highlighted a 120 m by150 m chargeability anomaly and 350 m by 200 resistivity anomaliesfrom surface to 200 m depth that remain open to the South and Eastconducive for semi-massive to massive sulphides like those confirmedon surface at Kokomo. Most likely the chargeability (30-70 mrads) andresistivity (100-500 Ohm-m) signature are due to a combination ofrelatively large volumes of interconnected metallic sulphides such aschalcopyrite and pyrite in combination with slightly more resistivematerial such as sphalerite and strongly silicified domains.
The Kokomo showing has been mapped by the BritishColumbia Geological Survey ( BCGS; M. McKeown, J. Nelson and R.Friedman, 2007 ) as aconformable sequence of layered Paleozoic felsic to mafic subaqueousvolcaniclastic rocks including lenses of massive sulphide surroundedby an extensive alteration zone consistent with VHMS deposits asdescribed at the nearby Sub showing located 400 m NW from the Kokomoshowing. Samples collected by the BCGS from the Sub showing returned0.275 gpt Au, 18.3 gpt Ag, 0.02 % Cu, 0.31 % Pb and 0.44 % Zn( Photo – BCGS NelsonFigure8 ). JoAnne Nelson (BCGS) stated in herreport (on page 112) that the Sub and Gazelle showings demonstratemineralization indicative of a VHMS deposit, most likely peripheralVHMS feeder zone below the seafloor, that have been discovered in anintensely altered body within the Mt Attree volcanics. Thestratigraphy in the area includes andesiste, rhyolite and rhyolitictuff of the Mt Attree formation which are Mississipian in age known tohost the majority of significant VHMS deposits ( Midas Age ). Alteration includesquartz-sericite-pyrite (phyllic alteration), silicification andFe-rich chlorite (including an intense depletion of Na 2 O and CaO) increasing in intensityfrom west to east. This alteration pattern is useful in providing avector to the centre of the system ( Midas Alteration ) The area is characterized by awidespread Zn signature with secondary Au, Ag, Pb, Cu and traceelement signature (elevated Au, Te, As, Sb, Bi, Cd, Hg, Ba) indicativeof VHMS systems ( Midas Geochemistry ).
The Kokomo target has strong potential to evolve into asignificant new VHMS discovery which is supported by knownmineralization, grade, alteration and textures observed at surface andmost recently by the chargeability and resistivity anomalieshighlighted by the 3D inversion of the IP data. The latter isconfirmation of the continuation of the system at depth which remainsopen to the east and to the south making the Kokomo showing a strongdrill target.
The Midas Property
The Midas property is 100% controlled and covers 20,803hectares and is located 24 km southeast of Terrace, British Columbiain close proximity to logging access roads, power, railway and majorinfrastructure. The property is located in an area of recent glacialabatement and permanent snowpack recession at the southern end of theGolden Triangle, British Columbia. Multiple high-grade gold grab,chips and channel samples were collected from the Kokomo VHMS targetwhere a 1.00 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cuand 1.77 % Zn and is drill ready. Relatively shallow InducedPolarization (IP) chargeability and resistivity anomalies extend underthe Kokomo showing on trend to the south for at least 550 m towardsthe Eskay 1 Pad, conducive for a buried VHMS containing semi-massiveto massive sulphides at depth. Channel samples highlights from the VGZone include 10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2meters; and 5.43 gpt Au over 3.11 meters. Historic drill results fromthe Midas property include hole MD-18-16 whichintersected the peripheral zone of the IP anomaly core and returned0.56 g/t AuEq over 35.35 meters; hole MD-18-08, which assayed 6.85 gptAu over 9 meters and narrowly missed a strong IP chargeabilityanomaly; and hole MD-18-01 which intersected 3.27 gpt AuEq over 4.80meters and ended before it reached the core of a strong IPchargeability anomaly.
Dan Stuart, President and CEO ofJuggernaut Exploration states : “It is exciting to see the right typeof mineralization and alteration in drill core from the Midasproperty. We are confident based on drill results and multiple otherlines of evidence that our 2024 drill plan is targeting the heart of agold rich VHMS system that all the data indicates is sitting below theKokomo showing. Drilling in 2024 will focus on unlocking the fullpotential of the 550 m by 300 m high-grade mineralized trend. We areon track for discovery.”
EMPIRE PROPERTY DRILLINGUPDATE
Drilling at the Metallica Zone on the Empire propertydidn’t return significant assay results. Additional detailed datacompilation, interpretation and modeling is required to determine theextent and distribution of the gold mineralization on the Empireproperty and understand its remaining gold potential.
Qualified Person
Rein Turna P. Geo is the qualified person as defined byNational Instrument 43-101, for Juggernaut Exploration projects, andsupervised the preparation of, and has reviewed and approved, thetechnical information in this release.
Other
Oriented HQ-diameter or NQ-diameter diamond drill corefrom the drill campaign is placed in core boxes by the drill crewcontracted by the Company. Core boxes are transported by helicopter tothe staging area, and then transported by truck to the core shack. Thecore is then re-orientated, meterage blocks are checked, meter marksare labelled, Recovery and RQD measurements taken, and primary beddingand secondary structural features including veins, dykes, cleavage,and shears are noted and measured. The core is then described andtranscribed in MX Deposit. Drill holes were planned using Leapfrog Geoand QGIS software and data from the 2017-2022 exploration campaigns.Drill core containing quartz breccia, stockwork, veining and/orsulphide(s), or notable alteration are sampled in lengths of 0.5 to1.5 meters. Core samples are cut lengthwise in half, one-half remainsin the box and the other half is inserted in a clean plastic bag witha sample tag. Standards, blanks and duplicates were added in thesample stream at a rate of 10%
Grab, channels, chip and talus samples were collectedby foot with helicopter assistance. Prospective areas included, butwere not limited to, proximity to MINFile locations, placer creekoccurrences, regional soil anomalies, and potential gossans based onhigh-resolution satellite imagery. The rock grab and chip samples wereextracted using a rock hammer, or hammer and chisel to expose freshsurfaces and to liberate a sample of anywhere between 0.5 to 5.0kilograms. All sample sites were flagged with biodegradable flaggingtape and marked with the sample number. All sample sites were recordedusing hand-held GPS units (accuracy 3-10 meters) and sample ID,easting, northing, elevation, type of sample (outcrop, subcrop, float,talus, chip, grab, etc.) and a description of the rock were recordedon all-weather paper. Samples were then inserted in a clean plasticbag with a sample tag for transport and shipping to the geochemistrylab. QA/QC samples including blanks, standards, and duplicate sampleswere inserted regularly into the sample sequence at a rate of10%.
All samples, including core, rock grabs, channels, andtalus samples, are transported in rice bags sealed with numberedsecurity tags. A transport company takes them from the core shack tothe ALS labs facilities in North Vancouver. ALS is either certified toISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations.At ALS samples were processed, dried, crushed, and pulverized beforeanalysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61method, a prepared sample is digested with perchloric, nitric,hydrofluoric and hydrochloric acids. The residue is topped up withdilute hydrochloric acid and analyzed by inductively coupled plasmaatomic emission spectrometry. Overlimits were re-analyzed using theME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 alarge volume of sample is needed (typically 1-3kg). The sample iscrushed and screened (usually to -106 micron) to separate coarse goldparticles from fine material. After screening, two aliquots of thefine fraction are analysed using the traditional fire assay method.The fine fraction is expected to be reasonably homogenous and wellrepresented by the duplicate analyses. The entire coarse fraction isassayed to determine the contribution of the coarse gold.
Some of the reported data is historical in nature andis a compilation of third-party data from previous operators. Thereader is cautioned that grab samples are spot samples which aretypically, but not exclusively, constrained to mineralization. Grabsamples are selective in nature and collected to determine thepresence or absence of mineralization and are not intended to berepresentative of the material sampled. In addition, the reader iscautioned that proximity to known mineralization does not guaranteesimilar mineralization will exist on the properties.
For more information, please contact:
Juggernaut Exploration Ltd.
Dan Stuart
President and Chief Executive Officer
Tel: (604)-559-8028
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosure in this release may constituteforward-looking statements that are subject to numerous risks anduncertainties relating to Juggernaut’s operations that may causefuture results to differ materially from those expressed or implied bythose forward-looking statements, including its ability to completethe contemplated private placement. Readers are cautioned not to placeundue reliance on these statements.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S.PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESSRELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TOPURCHASE ANY SECURITIES DESCRIBED IN IT.
Copyright (c) 2023 TheNewswire - All rights reserved.