Mr. Dan Stuart reports
JUGGERNAUT COMMENCES INAUGURAL DRILL CAMPAIGN ON ITS MIDAS PROPERTY
Juggernaut Exploration Ltd. has commenced diamond drilling with the addition of a second rig for the Midas property located near Terrace, B.C. The induced polarization geophysical program on its Midas is also under way.
Based on new exploration results Juggernaut is ramping up the drilling with the construction of up to 20 pads across both properties targeting multiple new discovery zones with up to three or more holes per pad.
Juggernaut program highlights:
Midas:
Aninaugural drill program started on Midas at the 2.1-by-1.6-kilometre King Solomon gold zone.IP survey spanning the King Solomon zone has commenced focused on identifying mineralization geophysical signatures in the subsurface for drill targeting.Multiple new silicified and locally mineralized zones have recently been identified by mapping and prospecting measuring up to 200 by 50 metres thick and one kilometre by 300 metres. Channel cuts have been taken to delineate additional drill targets -- assays are pending.Mapping suggests mineralization is associated with a large epithermal system with a structural orogenic overprint.
Empire:
The first drill hole at 45 degrees on MaxMin has intersected a broad zone containing sulphide-bearing (dominantly pyrite) quartz veins from surface that is consistent with those observed on surface in 2017 -- assays pending. Drilling continues on the MaxMin zone. The reader is cautioned that the presence of sulphide minerals does not guarantee the presence of economic mineralization.Senior mapper on Empire, Gayle Febbo, has drawn structural comparisons between what is seen at Pretium's Brucejack and the extensive Rockstar discovery zone.A VMS (volcanogenic massive sulphide) specialist was recently contracted to visit the Empire property in preparation for drilling and concluded the Big One target is in a geological setting that is conducive for volcanic massive sulphide mineralization, further strengthening the large, strong subsurface SkyTEM and IP drill target.
Midas property exploration update
Preliminary mapping and prospecting at the 2.1 by 1.6 km King Solomon gold zone have outlined a pervasive alteration system spanning in excess of one kilometre by 450 metres. Within this zone, two new regional targets that remain open have been identified and mapping is continuing to determine their full extent:
New silicified hydrothermal breccia discovered:200 metres by 40 to 50 metres thick and open along strike in both directions -- assays pending;Characterized by intense and pervasive silica flooding and brecciation of the wallrock with in situ flooding in the matrix;Localized base metal mineralization identified including sphalerite plus chalcopyrite plus or minus galena plus or minus bornite; observed base metal sulphide mineralization is extensive but not continuous across the entire hydrothermal breccia; samples have been taken in preparation for drilling -- assays are pending;Preliminary observations and interpretation suggest an epithermal environment with a structural orogenic overprint.New quartz vein/stockwork structures discovered: Subparallel quartz-vein/stockwork structures occuring in localized areas within a one km by 300 m zone within the larger King Solomon structural corridor; channel cuts have been taken with the focus of delineating additional drill targets -- assays pending;As similar quartz-vein/stockwork structure hosts gold mineralization at the VG showing, including channel cuts of up to 4.43 metres of 10.28 grams per tonne gold (see Jan. 15press release);Results fromcontinuing, extensive, systematic sampling programpending, which includes grab, chip and channel samples.
Drilling will target multiple zones of bedrock polymetallic and gold mineralization on the King Solomon zone that contains channel cuts of up to 4.43 metres of 10.28 grams per tonne gold (see Jan. 15 press release).
Empire property exploration update
Drilling and pad building are continuing at Empire across multiple discovery zones. Up to three pads are being built at MaxMin (see July 31 press release) and drilling is currently continuing. Similarly, two pads have been constructed at Metalworks to test a 130-by-40-metre zone of polymetallic mineralization and gossanous alteration. Three pads have been designed to target the subsurface Big One IP and EM anomaly and a further seven pads are planned along the one-kilometre-by-550-metre large Rockstar zone (see Dec. 5 press release). Drill pads are planned to have up to three or more holes per pad.
Dan Stuart, director, president and chief executive officer of Juggernaut, stated: "The start to the 2018 program is off to a great start and has already exceeded our expectations with multiple new mineralized zones being discovered so early on, further demonstrating the enormous untapped potential of both the Empire and Midas properties. Both properties are 100 per cent controlled and located in a world-class geological setting in close proximity to infrastructure. We look forward to reporting drill results once assays have been received, complied and interpreted."
Qualified person
Dr. Stefan Kruse, PhD, PGeo, chief geologist, is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Other
All rock, channel and talus fine samples were crushed and pulverized at ALS Canada Ltd.'s lab in Terrace, B.C., or in Reno, Nev. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay in Reno, Nev., or in Vancouver, B.C. The pulps were also assayed using multielement aqua regia digestion at ALS Canada Ltd.'s lab in Vancouver, B.C. The silt samples were sieved and assayed at ALS Canada Ltd.'s lab in Vancouver, B.C. The coarse reject portions of the rock, channel and talus fine samples, as well as the pulps, were shipped to J2 Syndicate's storage facility in Terrace, B.C. The silt samples were disposed of after analysis. All samples were analyzed using ALS Canada Ltd.'s assay procedure ME-ICP41, a 1:1:1 aqua regia digestion with inductively coupled plasma atomic emission spectrometry (ICP-AES) or inductively coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the Au-AA24 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 parts per million for silver or 10,000 ppm copper, lead and zinc were additionally assayed using ALS's OG46 method particular to each element. This method used an HNO3-HCl (nitric acid-hydrochloric acid) digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the Au-GRA22 method which includes a fire assay fusion procedure with a gravimetric finish. Blanks and duplicates quality assurance/quality control samples were inserted into channels sample laboratory batches. Additionally, a 10-per-cent subsample of pulp and reject material was sent to Activation Laboratories in Ancaster, Ont., for check analysis.
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