Juggernaut Commences Inaugural Drill Campaign ON Its Empire Property
JUGGERNAUT COMMENCES INAUGURAL DRILL CAMPAIGN ON ITS EMPIRE PROPERTY
Vancouver, British Columbia - July 31, 2018 – Juggernaut Exploration Ltd. (JUGR.V) (the “ Company” or
“Juggernaut”) is pleased to report it has commenced diamond drilling and IP programs on its Empire property,
40 km northeast of Terrace British Columbia.
JUGGERNAUT PROGRAM HIGHLIGHTS:
• Inaugural drill program started on Empire at the MaxMin zone
• 2018 IP survey at Big One identifies significant chargeability anomaly in the subsurface coincident with
the airborne EM anomaly
• New Jay-Bear zoned discovered on Empire that is situated on regional northwest trending geophysically
indicated structure
• Diamond drilling will commence August 7th on Midas.
MAX MIN AND METALWORKS ZONE EXPLORATION UPDATE
The drill program will start on the Max Min Zone (Link to Drill Pad photo at Max Min) which measures 170 m by
100 m and remains open in all directions, including to depth. Channel highlights from Max Min include 4.8 gpt
Au, 0.26 % Cu, 3.73 % Zn, 4.85 % Pb over 4.6 meters that ended in mineralization (see Nov 29th Press Release).
The Empire inaugural drill program will focus on targeting the widespread gold and polymetallic mineralized
zones along the 5.5 km Inca Trend (link to new Empire map). The mineralization and alteration at Max Min and
Metalworks (Link to Drill Pad Photo s at Metalworks) at the northern end of the Inca Trend , strongly indicates
the presenc e of a polymetallic feeder system at depth. Toward s the southern end on the Inca T rend, 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 target ( see Feb 12th
Press Release) (Link to 3D Big One Video) . 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 remains ongoing over an area of 1.5 km by 550 metres, and
many new areas containing mineralization have been found in 2018. Drill c ollars and pads are being sited and
built in preparation for testing the mineralization to depth and along strike (link to new Rockstar discovery
video).
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 contai ned massive chalcopyrite and bornite and were collected over an
area of approximately 150 metres by 20 metres ( link to new J -Bear zone video). 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 e xpression 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 meters of 10.28 grams per tonne gold (see Jan 15th Press Release).
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
“We look forward to reporting drill results from these exciting new discoveries from both the Empire and Midas
properties with much anticipation.”
Qualified Person
Stefan Kruse, Ph.D., P. Geo., 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 ta lus fine samples were crushed and pulverized at ALS Canada Ltd.’s lab in Terrace, BC or
in Reno Nevada. 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 f ire 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 silt
samples were sieved and assayed at ALS Canada Ltd.’s lab in Vancouver, BC. The coarse re ject portions of the
rock, channel and talus fine samples, as well as the pulps, were shipped to J2 Syndicate’s storage facility in
Terrace, BC. The silt samples were disposed of after analysis. All samples were analyzed using ALS Canada Ltd.’s
assay proce dure 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 proc edure 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 HNO 3-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. Blanks
and duplicates QA/QC samples were inserted into channels sample laboratory batches. Additionally, and 10%
sub-sample of pulp and reject material was sent to Activation Laboratories in Ancaster Ontario, for check -
analysis.
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: JuggernautExploration.com
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 ADEQUAC Y OR
ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENTS
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 complete the
contemplated private placement. Readers are cautioned not to place undue reliance on these statements. NOT
FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE
ANY SECURITIES DESCRIBED IN IT.