Dsm Syndicate Discovers 400M X 250M Zone with Grabs up to 2.78 Grams PER Tonne GOLD IN Area of Glacial Recession
DSM SYNDICATE DISCOVERS 400M x 250M ZONE WITH GRABS UP TO
2.78 GRAMS PER TONNE GOLD IN AREA OF GLACIAL RECESSION
February 20, 2018 - Juggernaut Exploration Ltd. (TSX-V: JUGR). The Newstrike property is 100%
owned by the DSM Syndicate a private precious metal generator in British Columbia that has
staked a total of six properties to date of which Juggernaut Exploration Ltd . owns a 10%
interest, including the Newstrike property. The DSM Syndicate looks forward to also
announcing assay results from the last remaining DSM propert y as it becomes available and
interpreted.
Highlights Include:
Discovery of Sugar Bowl Zone, 400m x 250 m wide zone defined by mineralized grab and
chip samples that remains open in all directions (link to image).
Sugar Bowl Zone has returned assays up to 2.78 grams per tonne gold in grab samples
from float. Talus grab samples 2 k ilometers to the west returned assays up to 1.51
grams per tonne gold and 0.27% Cu.
A 2 metre c hip sample from th e Sugar Bowl Zone returned 0.63 grams per tonne gold
and 2.6 grams per tonne silver (link to image) in bedrock.
The property covers four high-grade gold occurrences with historic grab samples assays
up to 89 grams per tonne gold (BC MINFILE 092N 047). Historical assays have not been
independently verified.
Geological mapping, channel sampling, and an alteration study is recommended to
outline the full extent of the Sugar Bowl Zone and to delineate drill targets.
Prospecting and mapping of the surrounding areas of newly exposed bedrock is planned
(link to image) to unlock the potential of the property.
The Newstrike Property covers 2692 hectares and only a 15 -minute flight from the nearest
Helicopter base. It is 12 kilometres from access roads, 37 kilometres from Tatla Lake , and 160
km west of Williams Lake. The area has seen no significant exploration in several decades. Since
the 1980’s , the region experienced exponential snowpack and glacial recession . This has
created vast new areas of exposed bedrock that remain to be prospected, as the majority of the
claim block is only now exposed. The newly discovered Sugar Bowl Zone is defined by grab and
chip samples collected over a 400 x 250 -meter-wide area , and remains open. The best grab
sample contained 2.78 grams per tonne and 1.7 grams per tonne silver in float. These results
from a brief one-day program provide strong conformation of the excellent discovery potential
on this property that remains largely unexplore d. Grab samples are selective in nature and
collected to determine the presence or absence of mineralization and are not intended to be
representative of the material sampled.
The Newstrike Property is situated in the Stikina Terrane and Gambier overlap assemblage near
the northwest margin of the Coast Plutonic Complex. This package of rocks has been folded and
imbricated by gently southwest-dipping thrust sheets that have subsequently been intruded by
younger intrusions. Ther e are four high grade gold occurrences on the Newstrike Property and
defined mineralization in the volcanic, sedimentary , and granitic units that is often associated
with shears and faults proximal to larger thrust planes.
Some of the highest historic gol d values found in the region occur immediately adjacent to the
property. A grab sample containing 653 grams per tonne gold and 148 grams per tonne silver
(BC MINFILE 092N 019) was reported from historic workings near the property. These historical
results have not been independently verified. Pyrite ± chalcopyrite ± pyrrhotite bearing quartz-
carbonate veins up to 30 cm wide are structurally hosted often forming discontinuous sheeted
sets. Veining is associated with pyritization or ankerititic alteration of the host rock forming
gossanous alteration envelopes. Historical assay results have not been independently verified.
Table 1: Newstrike Property Highlights
Sample Channel/Chip/Grab Length
(metres)
Gold
(gpt)
Silver
(gpt)
Copper
(ppm)
W388870 Angular Float
2.78 1.7 398
W388992 Talus
1.51 7.3 2770
W388871 Angular Float
1.50 1.4 105
W388921 Talus
0.72 2.0 1700
W389330 Chip 2 0.63 2.6 7
W389571 Angular Float
0.60 8.7 1730
*Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be
representative of the material sampled
Historic work in the area of the Newstrike Property occurred in two phases , in the 1930s and
1980s and resulted in the discovery of four high grade gold occurrences across a two kilometer
long region within the claim block. Since the time of this work the area has seen expediential
glacial and snowpack ab atement opening extensive areas of newly exposed outcrop that
remains une xplored with tremendous mineralization potential. The Lori occurrence lies
approximately 700 meters north of the Sugar Bowl Zone and has returned peak gold values of
89 grams per tonne gold from float grab samples and between 1 and 20 grams pe r tonne gold
from quartz vein grab samples within a hornfels aureole (BC MINFILE 092N 047) . Two
kilometers northwest across the valley from the Sugar Bowl Zone is the Champagne showing . A
0.3 to 1 -meter wide quartz vein hosted in volcanic rocks that is traceable for 150 meters in
outcrop and has returned peak values of 24.1 grams per tonne gold.
Outside of the Newstrike property, a pproximately five kilometers due west of the Sugar Bowl
Zone is the HW occurrence, a broad quartz stockwork zone in metavol canic greenstone that
yielded grab samples with peak value of up to 41.6 grams per tonne gold (BC MINFILE 092N
058). To wards the eastern margin of the Newstrike Property is the Homestake occurrence , it
lies approximately 10 km from the Sugar Bowl zone; the showing consists of quartz vein ing
hosted in greenstone that yielded anomalous gold and silver mineralization (BC MINFILE 092N
035). Results, information and mineralization from adjoining or adjacent properties cannot be
assured to or necessarily indicat e that mineralizing occurs on the Company’s property .
Historical assay results have not been independently verified.
A total of 39 rock samples were taken o n the Newstrike Property in 2017, these ranged from
below detection limit and up to 2.78 grams per tonne gold, with ten samples returning greater
than 100 ppb gold. Eleven out of fourteen grab and chip samples, from both float and outcrop
returned anomalous mineralization and define the newly discovered Sugar Bowl Zone that
remains open in all dire ctions. Glacial recession is ongoing and exposing new outcrop that has
never been explored . A comprehensive and systematic exploration program is strongly
recommended in preparation for future drilling; consisting of extensive prospecting across the
property, preliminary mapping in the Sugar Bowl zone , and property wide reconnaissance
geochemical sampling and an alteration study . The property is in an alpine area with abundant
exposure which allows for cost effective exploration.
Dr. Stefan Kruse. P.Geo., Chief Consulting Geologist stated:
“Initial results from the largely unexplored Newstrike property are extremely encouraging. I
have recommended significant follow-up work in 2018.”
Other
The DSM syndicate is a project generator focused on original discovery resulting from glacial
and snowpack recession. The properties will be made available to qualified parties. For further
information including photos and maps, interested parties may visit www.DSMSyndicate.ca or
contact Dan Stuart, by e -mail ([email protected]) or by phone at +1-778-233-
0293.
Juggernaut Exploration Ltd. (TSX-V: JUGR) owns a 20% interest in the DSM Syndicate.
Dr. Stefan Kruse, PhD, P.Geo, chief consulting geologist , is the qualified person as defined by
National Instrument 43 -101 and supervised the preparation of, and has reviewed and
approved, the technical information in this release.
All rock, channel and talus fine samples were crushed and pulverized at ALS Canada Ltd.'s lab in
Vancouver, BC. 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, Nevada or
in Vancouver, BC. The pulps were also assayed using multi -element aqua regia digestion at ALS
Canada Ltd.'s lab in Vancouver, BC. The coarse reject portions of the rock samples, as well as
the p ulps, were shipped to DSM Syndicate's storage facility in Terrace, BC. 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 induct ively-coupled
plasma mass spectrometry (ICP -MS) finish for 35 elements as well as the Au -AA24
leadcollection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish.
Any results greater than 100 ppm for silver or 10,000 ppm copper, lea d and zinc were
additionally assayed using ALS's OG46 method particular to each element. This method used an
HNO3-HCl 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. Due to the reconnaissance nature of 2017 program,
no independent blanks, standards or duplicates were inserted into the sample stream.
The reader is cautioned that grab samples are spot samples which are typically, but not
exclusively, constrained to mineralization. Grab samples are selective in nature and collected to
determine the presence or absence of mineralization and are not intended to be representative
of the mat erial sampled. Historical results that were created prior to the implementation of
NI43-101 (Feb 1, 2001) have not been verified by a QP as defined under NI -43-101 and are
treated as historical exploration information. Results, information and mineralizati on from
adjoining or adjacent properties cannot be assured to or necessarily indicate it occurs on the
Company’s property. Where adjacent property information is mentioned, the reader is
cautioned to distinguish information from an adjacent property and th e Company’s and that
there is no implication the Company will obtain similar information from its own property.
Further information regarding Juggernaut Exploration Ltd. can be found at
JuggernautExploration.com
Contact Information:
Dan Stuart Director, President, and CEO
+1-604-559-8028
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Juggernaut Exploration Ltd.
Suite 1010-1130 West Pender St.
Vancouver BC V6E-4A4
Office # 1-604-559-8028
Fax # 1-604-681-1864