Dsm Syndicate Discovers Polymetallic Mineralization with Talus Grab Samples Containing up to 92.8 Grams PER Tonne GOLD, 13,643 Grams PER Tonne Silver, 13.85 Percent Lead and 18.65 Percent Copper from Different Samples at the Skyhigh Property
DSM SYNDICATE DISCOVERS POLYMETALLIC MINERALIZATION WITH
TALUS GRAB SAMPLES CONTAINING UP TO 92.8 GRAMS PER TONNE GOLD,
13,643 GRAMS PER TONNE SILVER, 13.85 PERCENT LEAD AND 18.65 PERCENT
COPPER FROM DIFFERENT SAMPLES AT THE SKYHIGH PROPERTY
January 9, 2018 – Juggernaut Exploration Ltd (TSX-V: JUGR). The Skyhigh property is 100%
owned by the DSM Syndicate, a private precious metals project generator in British Columbia.
Juggernaut owns a 20% interest in the DSM Syndicate , which has staked a total of six properties
to date, inclusive of the Skyhigh property. Juggernaut looks forward to also announcing assay
results soon from its 100% optioned Midas property, in addition to the three other DSM
properties as they become available and interpreted.
Highlights Include:
• Grab sample from polymetallic vein material containing 92.8 g/t Au (2.71 oz/t),
13,643 g/t Ag ( 397 oz/t), 0.28 % Cu, 0.52 % Zn, and 4.15 % Pb) . Grab sample are
selective in nature and not intended to be representative of the material sampled.
• Chip sample from quartz veins returned 1.49 g/t Au, 769 gpt Ag ( 22.4 oz/t), 0.15 %
Cu, 0.44 % Zn, 13.85 % Pb over 1.5 meters.
• Chip sample from quartz veins r eturned 0.15 g/t Au, 809 g/t Ag ( 23.6 oz/t), 18.65 %
Cu, and 0.05 % Zn over 1.5 metres.
• Polymetallic and gold mineralized bedrock grab samples define the 700- meter-long
Cloud 9 Zone which remains open in all directions.
• The Skyhigh Property covers eight historic epithermal and Cu- Mo porphyry mineral
occurrences dating back to the 1990’s.
• Rapid ongoing glacial and snowpack recession provides for excellent additional
potential.
• Geological mapping, prospecting and channel sampling is strongly recommended to
outline the full geometry of the Cloud 9 Zone in preparation for drilling.
The Skyhigh Property is located approximately 95 ki lometers north of Campbell R iver, BC and
occupies 1775 hectares. Logging trails extend onto the property from Loughborough Inlet
located 15 kilometers west and an airstrip and logging camp are located 30 kilometres east.
The Skyhigh Property was staked by the DSM Syndicate following positive results from a brief
two day reconnaissance exploration program that resulted in discovery of significant
intrusion-related mineralization across the newly discovered 700-metre-long Cloud 9 Zone. The
Cloud 9 zone remains open in all directions. G rabs returned up to 92.8 grams per tonne gold
(2.71 oz/t), and 13,644 grams per tonne silver (398 oz/t); with base metal values up to 13.85
percent lead, 18.65 percent copper, 0.5 percent zinc and 0.48 percent molybdenum in
different samples. Grab samples are selective in nature and not intended to be representative of
the material sampled.
The Skyhigh property is underlain by hornblende quartz diorite and granodiorite of the C oast
Plutonic Complex with fault bounded pendants and inclusions of orthogn eiss. Later porphyritic
dykes and a locally intrusive breccia cross cut the sequence. Limited prospecting has discovered
polymetallic intrusion -related mineralization within the intrusive granitic units in a zone of
recent rapid glacial recession. Mineralized outcrops display multiple generations of quartz
veining including:
• A 1.5-meter-wide comb galena-pyrite-chalcopyrite vein with quartz -sericite-pyrite
alteration envelop e and pyrite-molybdenite-chalcopyrite with chlorite in sub-vertical
fracture sets.
• Pyrite ± chalcopyrite with quartz -sericite-pyrite as fracture -controlled vein swarms and
up to 1.5-meter-wide flat laying quartz veins.
Table 1: Skyhigh Property Highlights
Sample Channel/
Chip/Grab
Length
(metres)
Gold
Equivalent
(gpt)1
Gold
(gpt)
Silver
(gpt)
Copper
%
Zinc
%
Lead
%
W389259 Talus Grab
273.95 92.8 13,643 0.28 0.52 4.15
W389563 Talus Grab
15.62 6.90 647 0.05 0.04 0.29
W389565 Outcrop Grab
1.77 300 0.04 0.09 0.43
W389260 Chip 1.5 1.49 769 0.15 0.44 13.85
W389261 Talus Grab
1.04 187 0.11 0.27 0.76
W389564 Outcrop Grab
0.39 70.0 0.00 0.00 0.02
W389255 Chip 1.5
0.15 809 18.65 0.05 0.00
1AuEq based on Metal Prices on Jan 5, 2018: Au $1,285.40 oz; Cu $3.2425 lb; Pb $1.1666 lb; Ag
$16.74 oz, Zn $1.5316 lb
Prospecting in 2017 delineated the approximately 700-meter-long Cloud 9 Zone, defined by gold
and silver values obtained from bedrock and local talus grab samples from first pass
prospecting. The Cloud 9 Zone is in an area of recent glacial recession with mineralization open
in all directions. Multiple , greater than 1 meter wide , gently dipping and sub- vertical veins are
characterized by oxidized quartz -sericite-pyrite alteration halos and are visually traceable in
bedrock for up to 300 meters.
In addition to samples described above, other talus samples with similar vein material returned
6.9 and 1.77 grams per tonne gold with 647 and 300 grams per tonne silver respectively. Grab
samples are selective in nature and not intended to be representative of the material sampled.
A 1.5-meter-wide chip sample across a comb textured galena -pyrite-chalcopyrite quartz vein in
bedrock returned 1.49 grams per tonne gold, 769 grams per tonne silver, 13.85 percent lead, 0.44
percent zinc and 0.15 percent copper.
Within the Cloud 9 Zone, pyrite ± chalcopyrite form large globular masses in quartz veins within
quartz-sericite-pyrite alteration envelope s. These veins occur locally up to 1.5 meters wide .
Assays from chip samples yield ed up to 809 grams per tonne silver and 18.65 percent copper
over 1.5 meters. Coarse molybdenite -chalcopyrite occurs in “porphyry s tyle” quartz veins with
chlorite in near vertical fracture set s that have assayed 0.48 percent molybdenum a nd 0.06
percent copper.
West of the Cloud 9 Zone , an extensive quartz -sericite-pyrite oxidized, and jarosite stained
alteration zone occurs variably for over a one-kilometer area with abundant quartz -pyrite ±
chalcopyrite fracture-fill veins and globular disseminations. Grab sample assays have returned
0.1 grams per tonne gold, 14 grams per tonne si lver, 0.76 percent copper and 0.06 percent
molybdenum.
The Skyhigh Property covers eight historic epithermal and Cu-Mo porphyry mineral occurrences
with the earliest recorded work from Placer Dome in the 1990s (BC MINFILE 092K 158). Work
conducted consisted of prospecting, geophysics, till and silt sampling . The highest sample
recorded was 36.4 grams per tonne gold from a 0.1 metre chip sample in a creek below the Cloud
9 Zone. Additional recorded sample sites yielded over one gram per tonne gold occur to the
north and east of the Cloud 9 Zone and up to 3.5 kilometers away in the southwest portion of the
claim block. Historic results also include grabs samples that returned up to 892 parts per million
tellurium consistent with intrusion-related mineralization. Historic assay values have not been
verified.
The Skyhigh Property displays multiple generations of veining from intrusion related transitional
style Au-Ag veins and porphyry style Cu-Mo fracture controlled veining and disseminations.
Based on positive grabs sample results, a history of mineralization, and the extent of the
alteration on the Skyhigh Property , further work is warranted. A comprehensive exploration
program is recommended consisting of prospecting, preliminary bedrock mapping, silt and talus
fines sampling in preparation for future drilling . The m ajority of the Sky high Property is
unexplored and requires prospecting ; recorded mineralization from previous exploration will be
re-investigated with follow up on areas discovered in 2017. The Skyhigh property proxim al to
tide water and existing forestry roads.
Dr. Stefan Kruse. P.Geo., Chief Consulting Geologist stated:
“The discovery of new gold and polymetallic mineralized veins at Skyhigh in an area of recent
glacial recession is extremely encouraging. The Skyhigh property is underexplored and the
technical team has strongly recommended a comprehensive exploration program 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 and
Goliath Resources Limited (TSX-V: GOT) owns a 10% interest.
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 th e rock samples, as well as
the pulps, 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 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 ppm 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
digestion followed by ICP -AES (or titrimetric and gravimetric analysis). Gold values of greater
than 10 p pm 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 re ader 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 material sampled.
Gold equivalent metal content based on prices on Dec 4, 2017: Au $1279.1 oz; Cu $3.0655 lb;
Pb $1.1353 lb; Ag $16.33 oz and re based on an assumption of 100% recovery.
Neither the TSX Venture Exchange nor its Re gulation 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.
A link to the Goldstar maps and photos can be found by clicking www.DSMSyndicate.ca.
Further information regarding Juggernaut Exploration can be found at
www.JuggernautExploration.com
Contact
Dan Stuart Director, President, and CEO [email protected] +1-604-559-8028
Juggernaut Exploration Ltd.
Suite 1010-1130 West Pender St.
Vancouver BC
V6E-4A4