Juggernaut Discovers Large Highly Conductive Body Measuring 1000 X 800 X 300 Metres ON Empire, Remains Open
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JUGGERNAUT DISCOVERS LARGE HIGHLY CONDUCTIVE BODY MEASURING 1000 X 800 X
300 METRES ON EMPIRE, REMAINS OPEN
February 12th, 2018 – Juggernaut Exploration Ltd. (JUGR.V) (the “Company” or “ Juggernaut”) is pleased
to announce preliminary results of a recent 759 -line kilometre high-resolution SKYTEMTM survey on their
Empire property , 40 kilometres northeast of Terrace British Columbia. The survey has resulted in the
discovery of a geophysically indicated, large buried highly conductive bod y known as the Big One Anomaly
measuring 1000 x 800 x 300 metres. This target is drill-ready and located in a world class geological setting
with excellent potential to host VMS deposits (link to image).
In preparation for drilling , 3D inversion modeling and interpretation of the SKYTEM TM survey data was
recently completed by an independent geophysics firm. This interpretation and modelling identified a
large, buried, highly conductive body that measures 1000 x 800 x 300 metres. Below the main anomaly,
the conductive zone remains open to depth. The Big One anomaly is hosted within a sequence of Upper
Hazelton Group marine volcanics (pillow lavas) and sediments (marine fossils) that were recently mapped
by the British Columbia Geological Survey (Link to map). The Survey concluded that the geologic setting is
contemporaneous with the development of the Eskay rift to the west. Therefore, this area is believed to
have very strong potential for both Eskay-Creek-style VMS and epithermal mineralization. The northern
section of the property underlain by the Quock Formation remains largely unexplored. Rapid glacial and
snowpack abatement have exposed extensive areas of bedrock yet to be prospected with e xcellent
additional discovery potential.
Big One Anomaly (Link to video)
An extensive geophysically indicated buried strong bedrock conductor has been identified approximately
3.5 kilometres north of the Inca Trend, towards the underexplored northern part of the property. The Big
One Anomaly is a strongly conductive body measur ing 1000 by 800 by 300 metres. The conductive zone
comes to within 30 m of the surface remains open to depth . The Big One Anomaly was modeled using a
conductivity cut- off of 10 mS/m. Doubling this value to 20 mS/m subdivid es the anomaly into two
separate conductive zones.
• Big One Target A is the larger of the conductive zones, exhibiting very strong conductivities up to
85 mS/m and extending over an area of ~ 500 x 300 x 200 metres. The 3D inversion shows that the
main conductive features begins ~100 metres below surface.
• Big One Target B is a ~200 x 200 x 200 metre body that exhibits strong conductivity of greater than
20 mS/m. The 3D inversion shows that the conductive feature is buried with the majority of the
zone beginning ~100 metres below surface.
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Both the Big One Target A and Target B are drill -ready targets. Note that geophysical anomalies are not
always directly indicative of mineralization, and may be caused by other geological bodies.
This very prominent electromagnetic body generates strong low moment (shallow imaging) and high
moment response s (deeper i maging) (link to image ), occurs over a large area, and has provided for
multiple, near surface drill- targets. Drilling these anomalies is planned during the 2018 exploration
program to confirm the source of the conductivity and to outline the geometry of these large conductive
bodies along strike and to depth.
Colossus Anomaly
A second anomaly known as Colossus , was also identified by the SKYTEM TM survey. This low moment
conductivity anomaly consists of two lobes , each spanning ~20 hectares. The large geophysically indicated
conductive body is an approximately a horizontal tabular body that extends from surface to a depth of >50
metres. Below this the body, the survey indicates a resistive zone. This geophysical response is consistent
with a possible epit hermal system, not dissimilar to other epithermal systems in British Columbia, such as
Dolly Varden . The Colossus area is underlain by the Quock Formation , a key geologic unit that remains
unexplored. Both the geophysical characteristics and geological setting of the Colossus Anomaly provide
for additional discovery potential. A comprehensive prospecting, surface mapping, and alteration study is
strongly recommended in preparation for drilling.
In addition to the VMS potential in the northern quadrant of Empire , the central and southern sections of
the property , known as the Inca Trend, are host to extensive porphyry -style gold -silver-polymetallic
mineralized veins and breccias. The Inca Trend contains potassic alteration, propylitic alteration and
porphyritic dykes all of which are consistent with a porphyry–style feeder source at depth. Th is porphyry
signature on Empire is situated on a magnetic high that is found along strike (<10 km) from a known
copper gold porphyry. This and other porphyries are documented in a linear belt of aeromagnetic highs
that correspond with porphyritic intrusions of the Nanika plutonic suite (link to image).
A state of the art, high resolution ground IP geophysical survey is planned t o delineate the full geophysical
response of these exciting, newly discovered conductive bodies . In addition to the VM S potential of the
Empire property, multiple IP surveys will be used to further confirm the porphyry potential of the property
beneath the widespread polymetallic bedrock showings and alteration seen on the Inca Trend. The survey
is planned for early in the 2018 exploration season to define additional drill targets at depth and along
strike.
Statements
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
“The company and entire geologic team are very excited to have so many untested new mineralized
bedrock discoveries that are drill ready on Empire. These discoveries are located in geologic elephant
country and have excellent potential of being one drill h ole away from a world class discovery. The Empire
property is located in a key geologic terrane that certainly will tick the boxes of the Miners, has road access
and is in close proximity to excellent infrastructure in Terrace B ritish Columbia. We look for ward to the
2018 drilling season with great anticipation.”
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Dr. Stefan Kruse. P.Geo, Chief Consulting Geologist stated:
“Results of the geophysical surveys are extremely encouraging. We look forward to unlocking the full
potential of the Empire property in 2018 with an inaugural drill program”
For new maps and photos please go to the website at wwwJuggernautexploration.com
Other
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. Further information regarding Juggernaut’s Midas and
Empire properties can be sourced on -line at www.juggernautexploration.com, or by contact ing Dan Stuart
at 778-233-0293.
Note that geophysical anomalies are not directly indicative of mineralization, and may be caused by other
geological bodies.
On behalf of the Board of Directors,
“Dan Stuart”
Dan Stuart Director, President, and CEO
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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.
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Juggernaut Exploration Ltd.
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