Dsm Syndicate Discovers Second High Grade Zone ON Goldstar Property with Samples up to 20.6 Grams PER Tonne GOLD and 761 Grams PER Tonne Silver Remains Open
DSM SYNDICATE DISCOVERS SECOND HIGH GRADE ZONE ON GOLDSTAR PROPERTY WITH
SAMPLES UP TO 20.6 GRAMS PER TONNE GOLD AND 761 GRAMS PER TONNE SILVER
REMAINS OPEN
Vancouver, British Columbia – October 30th, 2018 – Juggernaut Exploration Ltd. (JUGR.V) ( the
“Company” or “Juggernaut”) is pleased to report channel, chip, and grab sample assay results
from the Gold Star property at; 1) the newly discovered 190 metre long Goldilocks quartz vein
stockwork zone and 2) the Yellow Brick Road vein discovered in 2017 that has been expanded
from 90 to 170 meters long, both zones remain open in all directions . Samples assayed up to
24.55 grams per tonne gold equivalent (20.6 g/t Au, 329 g/t Ag, 0.02 % Pb) and 40.5 grams
per tonne gold equivalent ( 29.6 g/t Au, 845 g/t Ag, 0.3 % Cu, and 0.55 % Pb ) from each zone
respectively. The DSM syndicate owns 100% of The Gold Star property covering 793 hectares
that it generated and staked . DSM is a private project generator that holds a total of six B.C.
properties of which Juggernaut Exploration Ltd. owns a 20% interest.
2018 Highlights Include:
• Two new high-grade quartz vein and stockwork zones , no previous work recorded in
the area
o Goldstar property – large areas that remain to be explored with excellent gold
potential
• Yellow Brick Road Zone
o The Yellow Brick Road Zone has been extended based on high-grade gold
mineralized samples from 90 meters to 170 metres in length and remains open
in all directions (link to video)
o Channel samples over 0.3 metre assay up to 28.7 g/t Au , 410 g/t Ag , 1.4 % Cu,
and 6 % Pb (link to image)
• Goldilocks Zone
o Quartz vein and stockwork zone samples define an area of 190 metres by 20
meters with highlights including 24.55 g/t AuEq (20.6 g/t Au and 329 g/t Ag)
from a 1 meter chip sample and 13.65 g/t AuEq (9.34 g/t Au and 353 g/t Ag)
from a 1.5 meter chip sample, and the zone remains open in all directions (link to
map)
• The high -grade gold and silver mineralization confirmed on surface at these two
discovery zones located 500 mete rs apart provides strong drill targets to test for a
large gold mineralizing system at depth
The Gold Star Property is situated 23 kilometers south of Bella Coola, BC and is located
approximately 5.5 kilometers from logging access roads and lies within 4.5 kilometers of South
Bentick Arm and tidewater. The Gold Star Property is an original discovery with no previous
recorded work in the area. The prospect was generated and staked by the DSM Syndicate
following positive results from a reconnaissance prospect ing program in 2017 and followed up
with a short program in 2018 that involved channel sampling, prospecting, and drone imagery.
Rapid glacial and snow pack recession has exposed extensive areas of bedrock with additional
strong potential to host gold mineralization.
Host rock is variably altered with zones of pervasive chloritization , oxidized pyritization, and
local clay alteration. The Yellow Brick Road Zone is pyrite-chalcopyrite-galena bearing , vuggy
quartz veins are u p to 1 meter wide with an encompassing pyritic and quartz -sericite-pyrite
alteration envelope that is up to 30 cm wide . Off-shoot veinlets form local breccia and stock
work in the altered wall rock. Sulphides occur as coarse seams and dissemination within quartz
vein material.
A total of 17 rock samples were taken at the newly discovered Goldilocks Zone (see Table 1) ,
fourteen of which returned greater than 1 g/t Au and up to 20.6 g/t Au and 329 g/t Ag from a 1
metre chip sample ( link to map). The mineralized grab samples define an area approximately
190 by 20 metres, in an area of recent glacial and snowpack recession.
Five grab samples and four channel grab samples were taken at the Yellow Brick Road Zone this
season, expanding on the high -grade mineralization discovered last year. The grab samples
ranged from 2.5 to 29.6 g/t Au and 49 to 845 g/t Ag. Similarly, channel grab samples returned
up to 28.7 g/t Au, 410 g/t Ag, 1.4 % Cu, and 6 % Pb, see Table 1.
Table 1: Goldstar Property Highlights
Sample # Zone Channel/Chip/Grab1 Length
(metres)
Gold
(g/t)
Silver
(g/t)
Copper
%
Lead
%
Gold
Eq3 (g/t)
W496968 Yellow Brick
Road Grab 29.60 845.00 0.30 0.55 40.47
W497407 Yellow Brick
Road Channel 0.30 28.70 410.00 1.40 6.00 38.88
W496863 Goldilocks Chip 1.00 20.60 329.00 0.00 0.02 24.55
W496860 Goldilocks Grab 11.70 313.00 0.09 0.03 15.60
W497406 Yellow Brick
Road Channel 0.30 11.10 260.00 1.97 1.28 18.00
W496862 Goldilocks Chip 1.50 9.34 353.00 0.05 0.02 13.65
W496970 Yellow Brick
Road float 6.82 141.00 0.54 0.05 9.40
W496969 Yellow Brick
Road Grab 5.33 113.00 0.20 0.52 7.27
W386012 Yellow Brick
Road Grab 4.90 74.10 0.05 0.46 6.10
W496920 Goldilocks Chip 1.00 4.28 133.00 0.00 0.00 5.87
W497408 Yellow Brick
Road Channel 0.27 3.91 89.40 0.05 0.05 5.08
W496922 Goldilocks Grab 2.99 761.00 0.96 0.42 13.84
W496861 Goldilocks Grab 2.65 52.00 0.00 0.03 3.29
W496865 Goldilocks Grab 2.55 44.30 0.01 0.02 3.11
W496971 Yellow Brick
Road Chip 1.00 2.45 48.50 0.25 0.03 3.44
W496921 Goldilocks Grab 1.42 32.50 0.00 0.09 1.85
W496924 Goldilocks Chip 0.50 1.15 27.00 0.00 0.00 1.47
W496919 Goldilocks Chip 1.50 0.77 19.10 0.00 0.00 0.99
W497409 Yellow Brick
Road Channel 0.75 0.26 2.70 0.01 0.01 0.31
W496864 Goldilocks Grab 0.12 5.30 0.00 0.00 0.18
W3875154 Yellow Brick
Road Grab 55.80 795.00 1.71 12.30 74.28
W3875134 Yellow Brick
Road Grab 21.40 339.00 0.66 4.85 28.97
W3875174 Yellow Brick
Road Grab 16.70 212.00 0.17 0.40 19.71
W3875164 Yellow Brick
Road Grab 16.20 267.00 1.25 2.62 22.71
W3875124 Yellow Brick
Road Grab 0.67 2340.00 1.67 0.11 31.39
W3875144 Yellow Brick
Road Grab 9.28 152.00 0.07 0.13 11.28
1Grab 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
2True thickness of mineralized zone not known
3AuEq metal values are calculated using: Au $1222.9/oz, Ag $14.63/oz, Cu $2.8499/lb
42017 Sample Data
High-grade polymetallic veining has been sampled over ~1 km strike length indicating strong
potential for a large mineralizing system at depth. Additionally, the Goldstar property lies in an
area of prolonged intrusive activity in a geological setting favourable for gold and polymetallic
mineralization.
Based on encouraging precious and base metals results from grab and channel samples
resulting from two one-day programs, a systematic and comprehensive exploration program is
strongly recommended in preparation for drilling. Upcoming planned work includes further
prospecting and preliminary mapping , drone mapping on both the Yellow Brick Road and
Goldilocks Zones, coupled with property -wide reconnaissance prospecting and geochemical
sampling.
Extensive regions of snowpack and glacial recession provide large areas with strong gold
potential that remain to be explored. Follow up work will focus on expanding the known extent
of mineralization at the Yellow Brick Road and Goldilocks zones , which will lead to the
understanding and modeling of this gold-rich mineralizing system. Follow-up prospecting of the
vast unexplored regions of the Goldstar Property adds to future discovery potential . Close
proximity to logging roads and tide water provides for good access to infrastructure.
Juggernaut Exploration Ltd. (TSX-V: JUGR) owns a 20% interest in the DSM Syndicate.
Qualified Person
Stephen Roach P. Geo 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 sample s 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 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 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 t he 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 ppm Au were
assayed by the Au -GRA22 method which includes a fire -assay fusion procedure with a
gravimetric finish. QA/QC samples including blanks, standards, and duplicate samples were
inserted regularly into the sample sequence.
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 material sampled.
For more information please contact:
Juggernaut Exploration Ltd.
Mr. Dan Stuart
President and Chief Executive Officer
Tel: (778) 223-0293
Website: www.juggernautexploration.com
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