Juggernaut Drills 2.3 gpt AuEq over 6.5 m on Gold Standard
Juggernaut Drills 2.3 gpt AuEq over 6.5 m on Gold
Standard
Vancouver, British Columbia – December 13, 2021 – Juggernaut Exploration Ltd (JUGR.V) (The “Company”
or “Juggernaut”) is pleased to announce the results from its 2021 maiden exploratory drill program on its
100% controlled Gold Standard property situated along the Central Coast of British Columbia. A total of
11 shallow exploratory holes were drilled, all of which intersected significant widths of anomalous gold
and polymetallic mineralization and/or quartz-chlorite-sulpide veining on the Goldzilla Hinge Zone. Drill
hole GSD-21-10 intersected 2.146 gpt Au (2.302 gpt AuEq) over 6.5 m including 3.284 gpt Au (3.498 gpt
AuEq) over 4.0 m and 8.210 gpt Au (8.638 gpt AuEq) over 1 m. The Goldzilla Zone has been traced on
surface for 800 m with a vertical relief of 300 m and remains open both to the southeast and to depth. A
small faction of the Goldzilla vein has been tested on strike and to depth to date. The 2021 drilling
focused on the Hinge Zone was successful in confirming the gold mineralized vein for 60 meters along
strike and 55 m to depth and remains open.
Drill Highlights:
• All 11 exploratory holes completed on the Goldzilla hinge zone intersected significant widths of
anomalous gold and polymetallic mineralization and/or quartz-chlorite-sulphide veining at
shallow depths. (Link to 2021 Video)
• The inaugural drill program on the Goldzilla vein was designed to test a small fraction of the 800
m long vein where a channel cut at the Goldzilla Hinge Zone returned 5.86 gpt Au (6.00 gpt AuEq)
over 12 m including 5 m of 13.03 gpt AuEq and 1 m of 31.66 gpt AuEq (See News Release
October 15, 2019) (Goldzilla Schematic Image) (Goldzilla HingeZone Image) (Goldzilla Big Show
Zone Image).
• Drill hole GSD-21-10 intersected 2.146 gpt Au (2.302 gpt AuEq) over 6.5 m including 3.284 gpt Au
(3.498 gpt AuEq) over 4.0 m and 8.210 gpt Au (8.638 gpt AuEq) over 1 m. (GSD-21-10 Image)
• Drill hole GSD-21-04 intersected 5.690 gpt Au (5.915 gpt AuEq) over 0.5 m. (GSD-21-04 Image)
• Drill hole GSD-21-05 intersected 0.825 gpt Au (0.866 gpt AuEq) over 1 m including 1.040 gpt Au
(1.089 gpt AuEq) over 0.5 m. (GSD-21-05 Image)
Table 1: 2021 Gold Standard drill hole assay results. Widths are reported in drill core lengths and the true widths are not known. See Table 2 for hole
locations, azimuth and dip.
GSD-21-01 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 43.00 47.50 4.50 0.220 0.856 0.001 0.000 0.009 0.238
Including 43.50 46.00 2.50 0.275 1.013 0.001 0.000 0.009 0.296
GSD-21-02 From (m) To (m) 0.00 Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 46.00 48.50 2.50 0.352 1.170 0.001 0.000 0.005 0.372
Including 46.00 48.00 2.00 0.412 1.288 0.001 0.000 0.004 0.432
Including 46.00 47.00 1.00 0.555 1.650 0.001 0.000 0.005 0.580
GSD-21-03 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 82.00 83.00 1.00 0.414 0.825 0.003 0.000 0.012 0.438
GSD-21-04 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 43.00 44.00 1.00 0.209 1.200 0.003 0.000 0.008 0.234
Interval 51.50 52.00 0.50 5.690 17.200 0.001 0.000 0.002 5.915
GSD-21-05 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 48.50 49.50 1.00 0.825 2.900 0.001 0.000 0.005 0.866
Including 49.00 49.50 0.50 1.040 3.500 0.001 0.000 0.005 1.089
GSD-21-06 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 49.50 50.50 1.00 0.441 1.400 0.000 0.000 0.002 0.461
GSD-21-07 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 44.50 45.00 0.50 0.465 2.800 0.011 0.000 0.004 0.522
Interval 59.00 62.00 3.00 0.212 0.917 0.002 0.000 0.004 0.230
Including 59.00 60.50 1.50 0.281 1.333 0.002 0.000 0.004 0.304
GSD-21-08 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 54.00 55.50 1.50 0.274 0.683 0.000 0.000 0.002 0.285
Including 55.00 55.50 0.50 0.566 1.300 0.000 0.000 0.003 0.585
GSD-21-10 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 61.50 68.00 6.50 2.146 7.585 0.033 0.000 0.003 2.302
Including 63.00 68.00 5.00 2.689 9.520 0.038 0.000 0.003 2.878
Including 63.00 67.00 4.00 3.284 11.550 0.038 0.000 0.002 3.498
Including 64.00 67.00 3.00 3.947 14.033 0.026 0.000 0.002 4.173
Including 64.00 65.00 1.00 8.210 31.100 0.016 0.000 0.001 8.638
GSD-21-11 From (m) To (m) Interval (m) Au (gpt) Ag (gpt) Cu (%) Pb (%) Zn (%) AuEq (gpt)*
Interval 54.50 55.50 1.00 0.195 0.700 0.002 0.000 0.008 0.212
Including 54.50 55.00 0.50 0.233 0.800 0.003 0.000 0.010 0.254
* AuEq metal values are calculated using: Au 1792.60 USD/oz, Ag 23.13 USD/oz, Cu 4.37 USD/lbs, Pb 1.05 USD/lbs and Zn 1.52 USD/lbs on November
28, 2021.
Table 2: 2021 Gold Standard drill collar locations.
Hole ID Collar Easting Collar Northing Datum/Zone Azimuth Dip Length
GSD-21-01 648672.7 5811100.9 UTM NAD83 9N 139 47.7 117.2
GSD-21-02 648672.8 5811101.3 UTM NAD83 9N 131.5 69.1 135
GSD-21-03 648672.6 5811101.4 UTM NAD83 9N 128.8 88.2 93
GSD-21-04 648672.5 5811101.1 UTM NAD83 9N 173.9 48.6 123
GSD-21-05 648672.5 5811101.2 UTM NAD83 9N 171.6 68.3 97
GSD-21-06 648672.6 5811101.4 UTM NAD83 9N 170.6 79.2 139
GSD-21-07 648672.4 5811100.8 UTM NAD83 9N 187.2 47.3 145
GSD-21-08 648672.1 5811101.3 UTM NAD83 9N 189.3 69 108
GSD-21-09 648672.8 5811100.2 UTM NAD83 9N 211 88.3 95.46
GSD-21-10 648673.4 5811100.2 UTM NAD83 9N 112.5 52.7 90
GSD-21-11 648673.1 5811101.7 UTM NAD83 9N 110 88 60.65
The 2021 maiden exploration drilling consisted of 11 shallow drill holes totalling 1203 m, which were
designed to test the Goldzilla Hinge Zone, a small section of the 800 m Goldzilla Vein. All holes intersected
anomalous high gold polymetallic mineralization and/or quartz-chlorite-sulphide veining confirming the
presence of a new orogenic gold system which remains open both along strike to the southeast and down
dip. The Gold Standard property comprises multiple extensive shear-hosted orogenic quartz-chlorite-
sulphide veins up to 20 m wide and 1000 m long outcropping at surface (Goldstandard Overview Map
Veins). Of these veins, only a small section of the Goldzilla has been drill tested to date (60 m of strike
and 55 m down dip) leaving the majority of this vein unexplored along strike and at depth. The property
is located in a key geologic setting along a regional scale under-explored high strain zone that extends for
more than 100 km in a NNW-SSE direction. (2021 Video Link Here).
Goldstandard property highlights:
• During the 2021 field season, 28 channel grabs where collected with grades ranging from
background up to 34.6 gpt Au, 149 gpt Ag and 0.01 % Cu.
• During the 2021 campaign, 40 grab samples where collected with grades ranging from
background up to 34.6 gpt Au, 149 gpt Ag and 0.46 % Cu.
• In 2019 through detailed mapping and surficial sampling, a 100 m by up to 20 m wide Hinge Zone
was discovered containing high grade gold mineralization of up to 6.00 gpt AuEq over 12 m
including 5 m of 13.03 g/t AuEq and 1 m of 31.66 AuEq. This Hinge Zone is part of the Goldzilla
orogenic system that is traced on surface for 800 m with 300 m of vertical relief and remains
open. (Goldzilla Schematic Image) (Goldzilla Hinge Zone Image) (Goldzilla Big Show Zone Image 1)
(Goldzilla Big Show Zone Image 2) (Goldzilla Big Show Zone Image 3)
• The Kraken Vein is up to 15 m wide and has been traced on surface for 1000 m with 520 m of
vertical relief and remains open. Channel samples from 2019 returned grades of 29.48 gpt AuEq
over 0.7 m and a 1 m chip taken 305 m along strike grading 6.52 gpt Au and remains open A
maiden drill program is recommended to test Kraken. (Link to Video) (Kraken Overview Image)
(Kraken Overview Schematic)
• The Leviathan vein is an up to 5 m wide vein that has been traced on surface for 500 m with 50 m
of vertical relief and remains open. Channel sampling from 2019 returned grades of up to 3.65 gpt
AuEq over 3 m including 10.55 gpt AuEq over 1 m true width and remains open. A maiden drill
program is recommended to test Leviathan. (Link to Video) (Leviathan Schematic) (Leviathan
Vien)
• The East Vein has a strike of 600 m with vertical relief of 60 m and is up to 3 m wide with grab
samples up to 7.22 gpt Au and a 3 m chip sample grading 5.75 gpt Au located 2.8 km to the east
of the Leviathan vein. This system remains open in all directions. A maiden drill program is
recommended to test the East Vein. (East Vein Picture 1) (East Vein Picture 2) (East Vein Chip)
• Multiple other extensive en-echelon gold-bearing orogenic veins have been found within the high
strain zone extending for 4.5 km by 1.5 km (Goldstar Overview Map Veins).
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 Insular superterranes,
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 500 m of vertical extent and are up to 20 m in
width. They host variable amounts of gold mineralization, oxidized pyrite and disseminated pyrite with
chalcopyrite. Extensive regions of snow-pack abatement and glacial recession along the regional under-
explored high stain zone provide for extensive areas recently exposed with excellent discovery potential.
(High Strain Zone).
The 2021 inaugural drill program and additional prospecting and mapping has further confirmed the
presence of a strong gold mineralized orogenic system that remains largely unexplored on Goldstandard
providing for tremendous additional discovery potential both on surface and at depth. Based on results
from the maiden shallow exploratory drilling, an additional follow up drill program is recommended on
Goldzilla to outline the gold mineralization in the 3rd dimension both along strike and to depth. Future
maiden drilling is also recommended to test the gold potential of the nearby Kraken and Phoenix veins
(Phoenix Outcrop) as well as the Leviathan and East veins.
Results from the Gold Standard property have confirmed the presence of a strong gold mineralized orogenic
system on the Gold Standard property at surface and at depth where veins occur in an en-echelon pattern
to the regional north-northwest orientation of the major shear zones. The prolonged faulting and shearing
within this under-explored regional high strain zone on the Gold Standard property provided extensive
conduits for mineralizing fluids and favourable sites for mineralization (shears Image). These orogenic
characteristics are consistent with gold-bearing mineralized veins and shear zones. Orogenic gold system
are often deep rooted and are mined to depths of 1 to 3 km (Tectonic Setting). Approximately 67 % of
Canadian gold production comes from orogenic systems in world class geologic settings, with examples
including the nearby Bralorne Pioneer Camp in British Columbia (4.17 Moz) with depths to ~2 km, and many
regions within the Canadian shield including Kirkland Lake (>40 Moz) (kirkland Lake), Timmins (>70 Moz),
Val d’Or/Noranda (>69 Moz) and Red Lake gold camps (>29 Moz). These gold deposits typically contain
average mining grades of ~5 gpt Au to ~15 gpt Au.
Juggernaut Exploration’s 100 % controlled Gold Standard property is an original discovery with no previous
recorded work in the area and is situated 1 km north of tidewater along the Central Coast of British
Columbia approximately 4 km from major infrastructure.
Dan Stuart, President and CEO of Juggernaut Exploration, states: The results from the maiden exploration
drilling on Goldstandard has confirmed gold mineralization in the subsurface. This shallow exploratory
drilling on the Goldzilla Hinge Zone has barely begun to scratch the surface on this extensive orogenic gold
system. We look forward to unlocking the full gold potential by drilling Goldstandard in 2022 and beyond,
the next exploration season is shaping up to be an exciting one.
Qualified Person
Rein Turna 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
Oriented HQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew
contracted by the Company. Core boxes are transported by helicopter to the staging area, and then
transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter
marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural
features including veins, dykes, cleavage, and shears are noted and measured. The core is then described
and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and
data from the 2017-2019 exploration campaigns. Drill core containing quartz, chlorite-schist, sulphide(s), or
notable alteration are sampled in lengths of 0.5 to 1.0 meters. Core samples are cut lengthwise in half, one-
half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards,
blanks and duplicates were added in the sample stream at a rate of 20%. All samples, including core, rock
grabs, channels and talus samples, are transported in rice bags sealed with numbered security tags. A
transport company takes them from the core shack to the ALS labs facilities in North Vancouver or MSA labs
facilities in Langley. ALS (and MSA) is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in
all of its locations. At ALS (and MSA), samples are processed, dried, crushed, and pulverized before analysis
using the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods. Overlimits are re-analyzed
using the ME-ICP61, Au-ICP21, and Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher
than 5 gpt, the labs will re-analyze using Metallic Screening Au-SCR24C (MSC-150) method. 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.
Dan Stuart
President and Chief Executive Officer
Tel: (604)-559-8028
www.juggernautexploration.com
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