Goldstandard Property Drilling Fully Funded
GOLDSTANDARD PROPERTY DRILLING FULLY FUNDED
Vancouver, British Columbia – March 16 th, 2020 – Juggernaut Exploration Ltd. (TSX -V: JUGR) (OTCQB:
JUGRF) (FSE:4JE) ( the “Company” or “Juggernaut”) is pleased to report that the upcoming planned 2020
summer drill program is now fully funded to earn a 100% interest. The Gold Standard property
encompasses 3961 hectares located in West Central BC in close proximity to infrastructure . The property
contains the newly identified deposit target Goldzilla hinge zone , the Hinge measures up to 20 meters
wide and can be traced for 100m along strike , contains broad high- grade gold mineralization and is drill
ready. The hinge zone is part of the large -scale Goldzilla orogenic vein system that has been traced for 800
metres with a vertical relief of 300 metres and remains open to the south east . Channel cut grades on the
hinge zone assayed up to 5.86 grams per ton (g/t) gold and 6.00 g/t AuEq (gold equivalent) over 12 metres
including 5 metres of 13.03 g/t AuEq and 1 metre of 31.66 g/t AuEq true width . Approximately 67 % of
Canadian gold production comes from this world class geologic setting (Link to Video)
GOLDZILLA HINGE ZONE
Detailed mapping and surf ace sampling, identified a 100m by up to 20m wide deposit scale hinge zone
containing high grade gold mineralization of up to 6.00 g/t AuEq over 12m including 5m of 13.03 g/t AuEq
and 1m of 31.66 AuEq (schematic of hinge zone) . This hinge zone is part of the large scale Goldzilla
orogenic system that is traced on surface for 800m with 300m of vertical relief and remains open (hinge
zone Image)
The Goldzilla hinge zone target is drill ready, the planned inaugural drill program will target the gold
mineralization discovered at surface a nd trace it to depth. Drilling will be designed to unlock the full
potential of this high- grade deposit scale orogenic vein system and to understand the relationship
between multiple other large en-echelon gold bearing veins at depth.
OTHER OROGENIC VEINS ON GOLD STANDARD:
Several other deposit target en -echelon gold bearing orogenic veins have been found within the Big Show
high strain zone that has been expanded in 2019 from 2km by 1km, to 4.5km by 1.5km, containing multiple
large en-echelon gold bearing mineralized quartz veins and shear zones. Exploration has further confirmed
the extent of gold mineralization within multiple quartz veins and shear zones, within the Big Show high
strain, confirming an extensive orogenic gold system within the property. (link to image)
This mineralized orogenic system is part of a regional high strain zone, a brittle and ductile, sub -vertical
shear zone system that is proximal to the boundary between the Intermontane and Insularsuperterranes,
demarked by the Coast shear zone. Localization of high strain zones within the system are associated with
sheeted, oxidized, sulphide-bearing quartz veins and shear zones that have been identified in outcrop with
a strike length of 4.6 km and 1.5 km wide, which remains open in all directions. Discrete gold bearing
quartz veins and shears trend up to ~1 km in strike with 500m of vertical extent and are up to 15m in
width. They ho st variable amounts of gold mineralization, oxidized pyrite and disseminated pyrite with
chalcopyrite.
The planned inaugural drill program will be designed to test the Goldzilla hinge zone both along strike and
to depth. The property is in an easily accessible alpine area with abundant bedrock exposure due to recent
glacial and snowpack abatement and is located only 4km from major infrastructure and 1km to tidewater
and logging roads, providing excellent, cost-effective exploration. The Gold Standard property is an original
discovery area located in a world -class geological setting that remains largely unexplored, providing
tremendous untapped gold potential.
GEOLOGIC MODEL - OROGENIC GOLD SYSTEM
The 2019 exploration program has further confirmed the exten t of gold mineralization within multiple
quartz veins and shear zones, within the Big Show high strain zone confirming an extensive orogenic gold
system within the Gold Standard property. The prolonged faulting and shearing within this structural
corridor on the Gold Standard property provided extensive conduits for mineralizing fluids and favorable
sites for mineralization (link to image) . Within the Big Show Zone, v eins occur in an en -echelon pattern to
the regional north -northwest orientation of the major shear zones. These orogenic characteristics are
consistent with gold-bearing mineralized veins and shear zones.
Orogenic gold systems are often deep rooted and ar e mined to depths of 1 to 3 kilometres (orogenic
Model 1). Approximately 67 % of Canadian gold production comes from this type of geologic setting, with
examples including the nearby Bralorne Pioneer camp in British Columbia (4.17 Moz) with depths to 2km,
and many regions within the Canadian shield including Kirkland Lake (>40 Moz), Timmins (>70 Moz), Val
d’Or/Noranda (>69 Moz) and Red Lake gold camps (>29 Moz). Th ese gold deposits typically contain
average mining grades of ~5 gpt Au to ~15 gpt Au, similar to what is found at the Gold Standard property.
Other orogenic systems are currently being explored such as Great Bear Resources Dixie project that
confirm similar grades in drilling (orogenic model 2).
Option Terms: Juggernaut has 100% interest in Gold Standard Property
Juggernauts condition precedent previously announced Nov 19 th 2019 granting the option was amended
to $900,000 as result of current market conditions.
Dan Stuart Director, President and CEO states: “We are very pleased to have finalized the agreement to
earn 100% interest in Goldstandard. The property has demonstrated its tremendous gold potential with the
discovery of the Goldzilla hinge zone and several other high- grade orogenic gold veins. These orogenic gold
systems are commonly mined to depths of 1 to 3 kilometres. This geologic set ting and model have proven
to host several world -class, high grade, multimillion -ounce deposits. Future exploration has excellent
potential to expand on these discoveries both along strike and at depth. This project has already garnered
the interest of sev eral miners and institutions alike confirming the significance of this opportunity. The
company will focus on how best to lever Goldstandard to its full potential. We are currently evaluating
many options including potential strategic partnerships. The com pany remains focused on maximizing
value through positive exploration results while simultaneously minimizing dilution going forward thereby
unlocking the full potential for its shareholders. We look forward to the inaugural drill program designed to
trace the discovery zone to depth and along strike.”
Qualified Person
Rein Turna, P. Geo. is the qualified person as defined by National Instrument 43 -101, for Juggernaut
Exploration Ltd., and supervised the preparation of, and has reviewed and approved, the technical
information in this release.
Other
All samples were crushed and pulverized at ALS Global ISO 17025:2005 accredited geochemistry lab in
North Vancouver, BC. Drill core samples were crushed, split and pulverized to 250 g pulp. The sample pulps
were analyzed for gold by fire assay method (Au -AA24) and were also assayed using multi- element aqua
regia digestion. Samples were analyzed using ALS assay procedure ME -ICP41m and MS-ICP61m. ME-ICP is
an aqua regia (partial) digestion with inductively -coupled plasma (ICP) mass atomic emission spectroscopy
(ICP-AES) finish for 36elements. MS- ICP61m is a four acid digestion with ICP mass spectrometry finish for
49 elements. Over-limit samples for copper, lead and zinc were reanalyzed by fire assay with a gravimetric
finish (OG46 and OG62). Rigorous procedures are in place regarding sample collection, chain of custody
and data entry. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly
into the sample sequence.
For more information please contact:
Juggernaut Exploration Ltd.
Dan Stuart
604-559-8028
Director, President and Chief Executive Officer
Website: www.juggernautexploration.com
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FORWARD LOOKING STATEMENT
Certain disclosure in this release may constitute forward -looking statements that are subject to numerous
risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially
from those expressed or implied by those forward -looking statements, including its ability to c omplete the
contemplated private placement. Readers are cautioned not to place undue reliance on these statements.
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