Juggernaut Drills 35.35 Meters of 0.56 Grams PER Tonne GOLD Equivalent ON Midas
JUGGERNAUT DRILLS 35.35 METERS OF 0.56 GRAMS PER TONNE GOLD EQUIVALENT ON
MIDAS
Vancouver, British Columbia – October 9th, 2018 – Juggernaut Exploration Ltd. (JUGR.V) ( the
“Company” or “Juggernaut”) is pleased to report that exploratory, drilling on the 100 %
controlled Midas property has confirmed widespread near surface polymetallic gold
mineralization in multiple drill holes targeting newly discovered zones. The drilling confirmed
mineralization seen at surface continues to depth and remain s open, both along strike and to
depth. The most significant gold mineralization confirmed to date was in drill hole MD -18-16,
returning assays of 0.56 g/t AuEq over 35.35 meters (Table 1). The assay results of the upper
42.0 meters of this drill hole were completed by rush assay, and the remaining results from drill
hole MD-18-16, which terminated at 269 meters , are pending. Recently completed high
resolution ground IP and MT data also show s strong, large, well-defined geophysical anomalies
at depth , below the mineralized intercepts confirmed with the 2018 shallow drilling. All this
data combined provides very compelling evidence of a large gold mineralizing system at depth.
These large well -defined anomalies remain to be drilled and provide excellent sub -surface
targets with strong gold potential . Future drill campaigns will focus on testing these anomalies
and extending the known mineralization to depth/down-plunge, and along strike.
Midas Property Highlights
• Inaugural exploratory wide -spaced shallow drilling totaling 1977 metres from 16 holes
was successfully completed on the Midas property t argeting the surface mineralization
of the King Solomon Trend over a strike length of 834 metres. Assays from 12 drill holes
remain outstanding.
• Newly completed MT and IP data shows large, strong resistivity lows and chargeability
highs at depth that remain to be drill tested and are believed to be associated with
polymetallic gold mineralization confirmed with the 2018 drilling near surface . These
anomalies remain open to depth and provide strong drill targets.
• Multiple new quartz stockwork /vein zones mineralized zones continued to be found on
surface located marginal and laterally to the new hydrothermal breccias, with grabs up
to 70.7 g/t Au, 1385 g/t Ag, and 2.52% Zn
• Mapping and drilling has further confirmed a central core of silicified-sericitic-
sulphidized hydrothermal breccia(s) reflecting a widespread gold-zinc halo near surface
The King Solomon Trend
The King Solomon Trend is a 2.1 x 1.6 km zone of intense alteration ( Figure 1 ) that is both
structurally and strata -bound controlled and ranges from a core of intense silicification and
sulphidation with quartz ±feldspar-pyrite-(sphalerite-galena-argentite) → quartz-sericite-pyrite
→ quartz-chlorite-sericite-pyrite → marginal chlorite-epidote±-(sericite-pyrite). Polymetallic
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gold mineralization is controlled by both intense silica ± (feldspar?) flooding and veining in the
form of two closely-spaced silica-sulphide hydrothermal breccias with multiple, stacked quartz-
sulphide stockwork and vein systems, which h ave been mapped in detail and outcrop
throughout this large alteration system. Post or syn -alteration deformation appears to have
caused significant remobilization of precious and base metals and this event could also be a
secondary mineralizing event. The zone has also been subject to a late bri ttle deformation
event. An intensely developed array of first (N) and second order fault structures (NW and NNE)
transect the zone (Figure 2), which locally control the continuity of the mineralized zones.
Recently completed IP and MT geophysical data indicate the presence of large coinciding
resistivity and chargeability anomalies at depth ( Figure 3 & Figure 4 ), located vertically below
this seasons inaugural shallow drilling , where mineralization has been c onfirmed and remains
open to depth and along strike. These anomalies provide excellent drill targets for the next drill
campaign.
Table 1 - Drill hole assay results. Widths reported are drilled core lengths and the true widths are not known. For hole
location, azimuth, and dip please see Table 2.
Drill Hole ID From
(m) To (m)
Interval
(m)
Au
(g/t) Ag (g/t)
Cu
(%)
Pb
(%) Zn (%)
AuEq
(g/t)*
MD-18-01 2.80 7.60 4.80 2.24 6.83 0.18 0.08 1.04 3.31
Incl. 2.80 3.60 0.8 12.8 37.2 0.80 0.49 5.54 18.29
MD-18-05 61.85 63.4 1.55 0.215 2.92 0.47 <0.01 <0.01 1.01
MD-18-05 75.8 77.2 1.4 0.295 2.10 0.42 <0.01 0.095 1.06
MD-18-09 110.5 113.0 2.5 0.24 4.36 0.08 0.07 0.55 0.80
MD-18-13 16.7 25.0 8.3 0.19 1.79 0.04 0.01 0.08 0.33
MD-18-13 37.0 37.5 0.5 3.49 12.5 0.31 <0.01 0.18 4.25
MD-18-16 1.50 36.85 35.35 0.21 1.77 0.08 0.015 0.32 0.56
*AuEq metal values are calculated using: Au $1198.5/oz, Ag $14.315/oz, Cu $2.8132/lb, Pb
$0.9049/lb, Zn $1.1068/lb
Table 2 - Drill collar information
Drill Hole ID Zone Easting* Northing* Azimuth Dip Length (m)
MD-18-01 King Solomon 543150.4 6022781 270 -45 32
MD-18-05 King Solomon 543249.6 6022709 270 -65 183
MD-18-09 King Solomon 543062.5 6023322 80 -48 122
MD-18-13 King Solomon 543231.6 6022782 90 -48 161
MD-18-16 King Solomon 543334.3 6022835 270 -50 269
*UTM Zone 9N NAD83
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Empire Property Update
The 2018 Empire exploration and drilling is ongoing and has accomplished the goals established
by the geological team. With over 3 000 metres of inaugural exploration drilling from 18
planned holes targeting multiple different new zones along the 5 km Inca Trend. The program
also included an IP and MT survey, LIDAR survey, magnetic survey, geological mapping,
alteration studies, channel samplin g, and property wide prospecting that has discovered
multiple new zones of mineralization. The widespread bedrock mineralization that continues to
be found as snowpack and ice recedes further validates the presence of a large mineralizing
system on Empire. Assays from drilling, geochemistry, and alteration study results are pending
and will be reported when they have been received, compiled, and interpreted.
DSM Update
A follow -up exploration program to the successful 2017 program was completed on all 6
properties. Again, the program exceeded the goals set and included prospecting, geologic
mapping, channel cutting, and alteration studies with the goal of delineating drill targets.
Assays, geochemistry, and alteration study results are pending and will be reported when they
have been received, compiled, and interpreted.
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
“We are pleased that we are on target to achieve all of the goals set for the 2018 exploration
programs. We are on track to soon complete more than ~5000 meters in 3 5 planned
exploratory holes in the inaugural drilling programs on the Empire and Midas prope rties. We
look forward reporting additional drill results with much anticipation”.
Qualified Person
Stephen Roach 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
All grab and channel samples were c rushed and pulverized at Activation Laboratories Ltd.’s
(Actlabs) ISO 17025 accredited geochemistry lab in Kamloops, BC. Rock and drill core samples
are crushed, split and pulverized to 250 g pulp, 150 mesh. The sample pulps were analyzed for
gold by fire assay as per ActLabs (Code 1A2 -50) Fire Assay AA (QOP AA -Au) method and were
also assayed using multi -element aqua regia digestion. All samples were analyzed using
ActLabs assay procedure Code UT-1M, an aqua regia (partial) digestion with inductively-coupled
plasma mass spectrometry (ICP -MS) finish for 36 elements. Over -limit samples are reanalyzed
by fire assay with a gravimetric finish (code 1A3-50). Rigorous procedures are in place regarding
sample collection, chain of custody and data entry. QA/QC samp les including blanks, standards,
and duplicate samples were inserted regularly into the sample sequence.
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For more information please contact:
Juggernaut Exploration Ltd.
Mr Dan Stuart
President and Chief Executive Officer
Tel: (778) 223-0293
Website: www.juggernautexploration.com
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