Mr. Dan Stuart reports
JUGGERNAUT COMMENCES INAUGURAL DRILL CAMPAIGN ON ITS EMPIRE PROPERTY
Juggernaut Exploration Ltd. has commenced diamond drilling and IP (induced polarization) programs on its Empire property, 40 kilometres northeast of Terrace, B.C.
Juggernaut program highlights:
Inaugural drill program started on Empire at the Max Min zone;2018 IP survey at Big One identifies significant chargeability anomaly in the subsurface coincident with the airborne EM (electromagnetic) anomaly;New Jay-Bear zone discovered on Empire that is situated on regional northwest-trending geophysically indicated structure;Diamond drilling to commence Aug. 7 on Midas.
Max Min and Metalworks zone exploration update
The drill program will start on the Max Min zone which measures 170 metres by 100 m and remains open in all directions, including to depth. Channel highlights from Max Min include 4.8 grams per tonne gold, 0.26per cent copper, 3.73per cent zinc, 4.85per cent lead over 4.6 metres that ended in mineralization (see Nov. 29 press release).
The Empire inaugural drill program will focus on targeting the widespread gold and polymetallic mineralized zones along the 5.5 kilometres Inca trend. The mineralization and alteration at Max Min and Metalworks at the northern end of the Inca trend strongly indicate the presence of a polymetallic feeder system at depth. Toward the southern end on the Inca trend, at Rockstar, the mineralization and alteration are more typical of a volcanic massive sulphide mineralizing system; the same can also be said for the Big One zone to the north.
Big One exploration update
The Big One target is a strongly conductive, subsurface tabular body consistent with a VMS (volcanogenic massive sulphide) target (see Feb. 12 press release). The 2018 ground IP program just completed on the Big One target also identified a significant chargeability anomaly in the subsurface that is coincident with the 2017 SkyTem survey EM anomaly. Drill collars and pads are being sited and built in preparation for drilling this VMS target in the immediate future.
Rockstar zone update
Mapping, prospecting, IP and channel sampling remain continuing over an area of 1.5 km by 550 metres, and many new areas containing mineralization have been found in 2018. Drill collars and pads are being sited and built in preparation for testing the mineralization to depth and along strike.
Newly discovered J-Bear zone on Empire property
Initial prospecting on Empire has already resulted in the discovery of the new J-Bear zone in an area of receding snowpack and ice. The J-Bear zone was discovered along a regional northwest-trending magnetic high. Grab and channel samples from this zone contained massive chalcopyrite and bornite and were collected over an area of approximately 150 metres by 20 metres. The J-Bear zone remains open and the area will be mapped and prospected as the snow and ice continue to recede. Assays results are pending.
Midas property exploration update
The Midas property is located in a world-class geologic setting and contains the King Solomon zone, a 2.1 by 1.6 km region that is defined by widespread bedrock-hosted, polymetallic and gold mineralized channel, chip and grab samples. The widespread gold and polymetallic mineralized showings, anomalous soil geochemistry and extensive alteration suggest the King Solomon zone may be the surface expression of a significant hydrothermal system.
Juggernaut plans to begin its inaugural drill program on Midas with a second drill rig set to start within a week. Drilling will target several 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).
Dan Stuart, director, president and chief executive officer of Juggernaut, stated,"We look forward to reporting drill results from these exciting new discoveries from both the Empire and Midas properties with much anticipation."
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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