Juggernaut Discovers New Zones with Channel Samples Grading 11.2 Grams PER Tonne GOLD Equivalent over 4.6 Metres, 16.8 Grams PER Tonne GOLD Equivalent over 5 Metres, and 59 Grams PER Tonne GOLD Equivalent over 2 Metres, IN Outcrop ON Empire
JUGGERNAUT DISCOVERS NEW ZONES WITH CHANNEL SAMPLES GRADING 11.2 GRAMS PER TONNE
GOLD EQUIVALENT OVER 4.6 METRES, 16.8 GRAMS PER TONNE GOLD EQUIVALENT OVER 5 METRES,
AND 59 GRAMS PER TONNE GOLD EQUIVALENT OVER 2 METRES, IN OUTCROP ON EMPIRE
November 29, 2017 - Juggernaut Exploration Ltd. (JUGR.V) (the “Company” or “Juggernaut”) is pleased
to report initial channel and chip samples containing polymetallic mineralization on its new Max Min and
existing Metalworks, Metallica and Olympus discoveries, locate d on the Empire property, 40 km
northeast of Terrace British Columbia.
A highlight of the 2017 program was the discovery of the Max Min zone. The best channel sample from
the Max Min contained 11.15 grams per tonne gold equivalent over 4.6 meters (including 4.8 grams per
tonne gold, 0.26 % copper, 3.73 % zinc, and 4.85 % lead). The channel started and finished in
mineralization due to snow cover and mineralization remains open. Gold, copper, lead and zinc
mineralized samples in outcrop define a zone 170 b y 100 metres in size which open in all directions and
to depth.
• The gold and polymetallic mineralization confirmed at the Max Min, Metalworks, Metallic,
Rockstar and Olympus targets, coupled with the widespread porphyry dykes and extensive
potassic and propylitic alteration (link to images) within the 5.5 km Inca Trend are consistent with
porphyry-style mineralization on the Empire Property.
• The extension of the Inca Trend to 5.5 kilometres during the 2017 program resulted from
multiple new polymetallic discoveries in just over a month of field work.
• Based on the positive 2017 results, the company has expanded the claims block from 9,852
hectares to 14,552 hectares.
2017 Highlights Include:
Max Min
• Channel sample containing 11.15 grams per tonne gold equivalent including 4.8 grams per tonne
gold, 0.26 % copper, 3.73% zinc, and 4.85 % lead over 4.6 metres. The channel cut started and
ended in mineralization due to snow cover and the zone remains open-ended.
• Chip sample containing 59.02 grams per tonne gold equivalent including 47.20 grams per tonne
gold, 0.02 % copper, 5.39 % zinc, and 12.3 % lead over 2.0 metres.
• Gold and polymetallic mineralized samples with potassic alt eration over a zone measuring 170 by
100 m and open in all directions.
• The Max Min zone is a drill ready target.
Metalworks
• Chip samples containing 16.8 grams per tonne gold equivalent including 2.64 gram per tonne
gold, 277 gram per tonne silver, 0.04 % copper, 3.88 % zinc, and 11.95 % lead over 5 m. True
thickness of this zone is not known.
• The zone is characterized by extensive hydrothermal breccia, potassic alteration and propylitic
alteration.
• Exploration in 2017 has more than doubled the size of the zone with gold mineralized samples
from 95 by 85 metres in 2016 to 300 by 130 metres. The zone is open in all directions.
• The Metalworks zone is a drill ready target.
Olympus
• Chip sample containing 11.2 grams per tonne gold equivalent (0.42 gram per tonne gold, 625
gram per tonne silver, 1.37 % copper, 0.22 % zinc, and 0.08 % lead).
• Outcrop grab samples containing up to 1.01 gram per tonne gold, 1,185 gram per tonne silver,
and 3.74 % copper from different samples.
Max Min Zone
The Max Min zone was di scovered in late August 2017 due to ongoing snowpack and glacier recession,
exposing new mineralized bedrock. Max Min is located 300 metres northwest of Metallica, 400 metres
west of Metalworks, and is part of the much larger, newly extended, 5.5 by 1.5 ki lometre Inca Trend (link
to map).
The high- grade polymetallic, gold mineralization, and potassic alteration at Max Min suggest the
presence of feeder zone for the hydrotherma l system at depth. The planned 2018 drill program will be
designed to test the source of the hydrothermal gold mineralization in this key target area. In addition to
drilling, ground IP, channel sampling, prospecting and geological mapping is recommended to outline the
full geometry of the Max Min bedrock discovery. The rapid ongoing snowpack and glacial recession has
provided newly exposed outcrop every year, all with strong discovery potential along the entire 5.5 km
under explored Inca Trend.
A total of 35.1 metres of channel cuts were made that ranged from 0.5 to 6.7 metres in length. Highlights
include a channel sample containing 11.15 grams per tonne gold equivalent (4.8 grams per tonne gold,
0.26 % copper, 3.73 % zinc, and 4.85 % lead) over 4.6 metres. This sample ended-in mineralization due to
snow-cover at the time of sampling. Six channel samples of a metre or less ranged from 11.65 to 58.72
grams per tonne gold equivalent (See Table 1).
Table 1: Max Min Zone Assay Highlights
Sample Type
Length
(metres)1
Gold Eq
(gpt)2
Gold
(gpt) Copper %
Zinc
%
Lead
%
W489803-8 Channel 4.6 11.15 4.80 0.26 3.73 4.85
W503171 Chip 3.4 9.80 7.43 0.22 0.72 2.35
W493000 Chip 2.0 59.02 47.20 0.02 5.39 12.3
W501110 Chip 2.0 28.72 13.30 0.63 11.4 8.74
W501111 Chip 2.0 24.19 12.95 0.77 5.90 8.64
W503310 Chip 2.0 21.88 13.55 0.20 5.78 5.59
W501207 Channel 0.5 58.72 56.4 0.08 0.72 2.65
W501203 Channel 0.5 50.06 38.1 0.02 7.66 9.60
W501204 Channel 0.5 31.17 30.4 0.01 0.51 0.57
W501206 Channel 0.6 38.38 36.9 0.02 0.12 2.21
W501210 Channel 1.0 22.90 10.3 1.25 7.66 7.27
W501211 Channel 1.0 11.67 3.85 0.29 4.62 6.02
W490533 Chip 0.5 9.48 8.82 0.00 0.22 0.79
W492999 Chip 0.2 18.80 18.70 0.06 0.00 0.00
W501178
Outcrop
Grab 19.18 13.55 0.02 3.07 5.18
W502670
Outcrop
Grab 27.93 12.55 9.13 0.00 0.14
W387652
Outcrop
Grab 14.91 7.69 0.08 4.70 5.50
1True thickness of mineralized zone not known.
2AuEq based on Metal Prices on Nov 14, 2017: Au $1273.4 oz; Cu $3.1115 lb; Pb $ 1.1347 lb; Zn $1.4701 lb
Twenty-four total chip samples were taken that range from below detection limit to 59.02 grams per
tonne gold equivalent (47.2 grams per tonne gold, 0.02 % copper, 5.39 % zinc, and 12.3 % lead). Twenty -
four grab samples (Table 1) were taken that range d from below detection limit to 27.93 grams per tonne
gold equivalent (12.55 grams per tonne gold, 9.13 % copper, and 0.14 % lead), with six samples ranging
from 1.53 to 27.93 grams per tonne gold equivalent (1.23 gram per tonne gold, 0.18 % copper and 12. 55
gram per tonne gold, 9.13 % copper, and 0.14 % lead, respectively).
The Max Min zone is currently limited in its northward extent by rapidly receding glacial ice and
snowpack; however where there are islands of newly exposed outcrop, limited samples taken have
returned very promising results. Approximately three -hundred metres northwest of Max Min, a 2 metre
chip sample assaying 0.9 grams per tonne gold was taken from an outcrop in the middle of the glacier.
On the unexplored northern flank of the glaci er 0.3 and 0.5 metre chip samples assayed 6 and 1.2 grams
per tonne gold, respectively. These extensions provide excellent potential to expand the Max Min zone
and further confirm the discovery potential of the evolving Inca Trend.
The Inca Trend is hoste d in volcanic, magmatic arc rocks of the Stikine Terrane, which is a favorable
geological setting for porphyry systems in British Columbia. The thick sequence of volcanic rocks that
underlies the Inca Trend is intruded by numerous felsic and intermediate p orphyry dykes that strike
broadly east -west. This east -west trend is further emphasized by an extensive fracture set that has
provided structural controls on quartz-carbonate veining and mineralization. The gold -silver-polymetallic
mineralization coupled w ith the extensive propylitic and potassic alteration along the Inca Trend are
consistent with the presence of a porphyry system at depth.
Metalworks Zone
The assay results from Metalworks have more the doubled the size of zone with mineralized samples
from 95 by 85 in 2016 metres to 300 by 130 metres ( link to map) in 2017 due to newly exposed bedrock
along the fringes of the rapidly receding glacial ice and snowpack. Metalwork s remains open in all
directions.
Table 2: Metalworks Assay Highlights
1True thickness of mineralized zone not known.
2AuEq based on Metal Prices on Nov 14, 2017: Au $1273.4 oz; Cu $3.1115 lb; Pb $ 1.1347 lb; Zn $1.4701 lb
Chip highlights (Table 2) include a 5 metre chip sample that contained 16.76 grams per tonne equivalent
gold (2.64 grams per tonne gold, 277 grams per tonne silver, 3.88 % zinc, 11.95 % lead). The true width
of this zone is not known. A total of 27 total chip samples (Table 2) were taken that ranged from below
detection limit to 16.8 grams per tonne gold equivalent (2.64 grams per tonne gold, 277 grams per tonne
silver, 0.04 % copper, 3.88 % zinc, and 11.95 % lead). Seven chip samples returned assays ranging from
2.48 to 16.8 grams per tonne gold equivalent (1.51 grams per tonne gold, 9.9 grams per tonne silver,
0.09 % copper, 0.1 % zinc, 0.99 % lead and 2.64 grams per tonne gold, 277 grams per tonne silver, 0.04 %
copper, 3.88 % zinc, and 11.95 % lead, respectively).
Initial channel samples at Metalworks (Table 2) returned highlights of 1 metre of 6.05 grams per tonne
gold equivalent (3.53 grams per tonne gold, 6.9 grams per tonne silver, 1.41 % zinc, 2.07 % lead).
Continued rapid snowpack and glacier recession should provide for excellent new opportunities for
discovery in 2018. With the expansion of Metalworks in 2017 by ~200 metres, its boundary is now only
~750 metres south of Olympus, ~250 metres west of Me tallica, and 400 metres to Max Min, separated
by rapidly receding glacial ice and snowpack. These zones share a similar style of mineralization which is
predominantly hosted structurally above extensive hydrothermal breccias. Other similarities include the
same stratigraphic package of rocks, potassic and propylitic alteration, and late porphyry dykes all of
Sample Type Zone Length1
(metres)
Gold2 Eq
(gpt)
Gold
(gpt)
Silver
(gpt)
Copper
%
Zinc
%
Lead
%
W501090 Chip Metalworks 5.00 16.8 2.64 277.0 0.04 3.88 11.95
W501041 Chip Metalworks 2.00 12.8 0.02 517.0 3.51 0.02 0.00
W501083 Chip Metalworks 2.00 8.53 0.12 30.40 0.05 7.48 3.27
W501043 Chip Metalworks 1.00 9.17 0.04 484.0 0.67 0.71 1.65
W502559 Chip Metalworks 1.00 4.21 0.04 248.0 0.52 0.00 0.00
W502925 Channel Metalworks 1.00 6.05 3.53 6.90 0.03 1.41 2.07
W502514 Chip Metalworks 0.50 2.48 1.51 9.90 0.09 0.10 0.99
W502510 Chip Metalworks 0.50 6.32 0.20 126.0 0.44 2.90 2.31
W502778 Channel Metalworks 0.30 16.6 4.43 68.8 0.90 6.95 7.00
W502792 Channel Metalworks 0.30 4.26 2.79 18.4 0.15 0.43 1.03
W502776 Channel Metalworks 0.30 8.25 2.43 25.3 0.41 3.19 3.72
W502789 Channel Metalworks 0.30 2.39 1.10 9.00 0.22 0.43 0.76
which suggest shared porphyry feeder source of mineralization at depth. Ground IP, mapping,
prospecting and drilling is recommended to outline the full geometry, along strike and to depth of the
Metalworks Zone.
Metallica Zone
The Metallica zone is located approximately 250 south of Metalworks ( link to map ). Mineralization is
hosted within a propylitically altered feldspar porphyry unit and is comprised of two distinct types of
mineralization: (1) gently dipping, 20 –30 cm wide quartz + Fe -carbonate ± covellite ± sphalerite veins,
and (2) a silver- rich polymetallic massive sulfide lens. Initial channel cuts from a massive sulphide lens
returned values of 22694 grams per tonne silver (729.6 oz per tonne), 26.4 % copper, 2.8 % zinc and a
gold equivalent value of 348 grams per tonne over 0.2 metres.
A quartz vein channel cut returned values of 6.15 grams per tonne gold equivalent (3.74 grams per tonne
gold, 83.4 grams per tonne silver, and 0.74% copper) over 0.4 metres. Chip and channel samples were
collected in the gently -dipping (type 1) veins were cut in the dip -slope of the veins and thus do not
represent true thickness.
Twenty six total chip samples (Table 3) were taken that returned assays ranging from below the
detection limit up to 9.45 grams per tonne gold equivalent (1.25 gram per tonne gold, 490 grams per
tonne silver, 0.9 % copper, 0.2 % zinc, and 0.02 % lead). Twenty grab samples were taken that ranged in
values from below detection limit up to 94.1 grams per tonne gold equivalent (0.32 gram per tonne gold,
6390 gram per tonne silver, 5 % copper, 0.47 % zinc), with five samples ranging f rom 3.96 to 94.1 grams
per tonne equivalent gold (0.09 grams per tonne gold, 200 grams per tonne silver, 0.72 % copper and
0.32 grams per tonne gold, grams per tonne silver, 5 % copper, 0.47 % zinc, respectively). This zone is
also believed to be connected to a common feeder system at depth.
Table 3: Metallica Assay Highlights
Sample Type Zone Length1
(metres)
Gold Eq
(gpt)2
Gold
(gpt)
Silver
(gpt)
Copper
%
Zinc
%
Lead
%
W502571 Chip Metallica 1.50 4.11 0.86 10 0.36 0.38 3.62
W503027 Channel Metallica 1.30 3.91 1.18 104 0.75 0.12 0.00
W503044 Channel Metallica 1.00 1.69 1.66 0.70 0.00 0.02 0.00
W503072 Channel Metallica 0.80 24.0 0.37 1520 1.93 0.27 0.00
W503070 Channel Metallica 0.60 5.75 1.39 267 0.44 0.09 0.00
W502569 Chip Metallica 0.50 9.45 1.25 490 0.90 0.20 0.02
W503054 Channel Metallica 0.50 4.17 1.58 105 0.65 0.13 0.00
W503041 Channel Metallica 0.40 6.15 3.74 83.40 0.74 0.08 0.00
W503059 Channel Metallica 0.20 348 0.01 22694 26.40 2.80 0.00
W501007 Grab Metallica 94.1 0.32 6390 5.00 0.47 0.00
W501006 Grab Metallica 35.0 0.20 1420 9.45 0.08 0.00
W501056 Grab Metallica 12.7 0.07 271 5.40 0.00 0.00
W499517 Grab Metallica 4.68 2.83 125 0.02 0.04 0.20
W494310 Grab Metallica 3.96 0.09 200 0.72 0.00 0.00
1chip and channel samples cut in-plane of a low angle vein and thus do not represent true thickness.
2AuEq based on Metal Prices on Nov 14, 2017: Au $1273.4 oz; Cu $3.1115 lb; Pb $ 1.1347 lb; Zn $1.4701 lb; Ag $16.935 oz
Olympus Zone
Mineralization at the Olympus zone is hosted in the same stratigraphic unit as Metalworks and shares a
similar geochemical signature. Eight total chip samples (Table 4) were taken that range from below
detection limit up to 11.2 grams per tonne gold equivalent (0.42 grams per tonne gold, 625 grams per
tonne silver, 1.37 % copper, 0.22 % zinc, and 0.08 % lead), three samples ranged from 1.67 to 11.2 gram
per tonne gold equivalent (0.84 grams per tonne gold, 45.1 grams per tonne silver, 0.12 % copper, 0.02
% zinc, 0.01 % lead and 0.42 grams per tonne gold , 625 grams per tonne silver 1.37 % copper, 0.22 %
zinc, and 0.08 % lead , respectively).
Table 4: Olympus Assay Highlights
Sample Type Zone Length1
(metres)
Gold Eq
(gpt)2
Gold
(gpt)
Silver
(gpt)
Copper
%
Zinc
%
Lead
%
W495213 Chip Olympus 2 11.2 0.42 625 1.37 0.22 0.08
W503312 Chip Olympus 1 1.99 1.88 3.90 0.02 0.03 0.00
W503305 Chip Olympus 1 1.67 0.84 45.1 0.12 0.02 0.01
W503307 Grab Olympus 22.0 0.71 1185 3.22 0.06 0.11
W501031 Grab Olympus 20.7 0.35 1050 3.74 0.10 0.03
W501104 Grab Olympus 12.0 1.01 718 0.83 0.04 0.05
1True thickness of mineralized zone not known.
2AuEq based on Metal Prices on Nov 14, 2017: Au $1273.4 oz; Cu $3.1115 lb; Pb $ 1.1347 lb; Zn $1.4701 lb
Empire Property
In addition to porphyry style gold- silver-polymetallic mineralization with potassic alteration, recent work
and research in the area by the BC geological survey identified gold -silver-copper-lead-zinc
mineralization in the region to be consistent with transitional vein systems like the Snip mine. As part of
this same study the BC geological survey mapped a sequence of marine Hazelton volcanic rocks (Quock
formation pillow lavas and marine fossils) on the northern portion of the Empire property and
determined are contemporaneous with the development of the Eskay r ift to the west. Therefore, the
region also may have potential for epithermal mineralization and Eskay Creek style mineralization.
Statements
Mr. Dan Stuart, Director, President & CEO of Juggernaut states: “The Empire property has tremendous
untapped potential, initial results indicate it has the key markers to host a world class mineral discovery.
We look forward to reporting additional results from both Empire and Midas in the near future and to
the 2018 drill campaign with much anticipation. The Empire project is a very rare opportunity with world
class potential as demonstrated by both the support and interest from institutions and miners alike,
confirming the significance of this and evolving new discoveries . We look forward to reporting the
results in the immediate future from the newly discovered Rock Star zone on Inca Trend and the
Material Metal and Babylon zones, also located on the Empire Property. The company also looks
forward to reporting results from its Midas property and from the DSM project generator syndicate
when they become available.”
Dr. Stefan Kruse, Chief Consulting Geologist stated: “Results to date have far exceeded our expectations
and we look forward to unlocking the full potential of these exciting new discoveries contained within a
world class geological setting I strongly recommended a comprehensive exploration and drill campaign
for 2018.”
For further information, new maps and photos of the Empire property please go to
www.juggernautexploration.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 contacting Dan
Stuart at 778-233-0293.
All rock, channel and talus 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 a nalyzed 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 silt samples were sieved and assayed at ALS Canada Ltd.’s lab in
Vancouver, BC. The coarse reject 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 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 f ire 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 H NO3-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
QA/QC samples were ins erted into channels sample laboratory batches. Additionally, a 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 typ ically, 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 assays are based on metal prices (USD) on Nov 14, 2017: Au $1,273.40 oz; Cu $3.1115 lb;
Pb $1.1347 lb; Zn $1.4701 lb; Ag $16.935 oz and are based on an assumption of 100% recovery.
On behalf of the Board of Directors,
“Dan Stuart”
Dan Stuart Director, President, and CEO
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 adequacy or accuracy of this release.
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, in cluding 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
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