Juggernaut/Dsm Identify New GOLD Rich VMS Target ON the GOLD Crest Property
JUGGERNAUT/DSM IDENTIFY NEW GOLD RICH VMS TARGET ON THE GOLD CREST PROPERTY
Vancouver, British Columbia – November 4th, 201 9 – Juggernaut Exploration Ltd. (TSX-V:
JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report the
discovery of a strong new Volcanogenic Massive Sulfide (VMS) target on the Gold Crest
property. The VMS target is within the NW trending gossanous Cadillac Trend that is 850m
long by 190m wide and contains samples assaying up to 56.10 g/t Au, 124.00 g/ t Ag over 1
meter see news release dated Nov 14 2018. The zone remains open in all directions. The Gold
Crest Property is located 10 km to major infrastructure on the Central Coast of British Columbia
and is 100% owned by the DSM Syndicate , a private preci ous metals project generator in
British Columbia that holds several highly prospective claims, of which Juggernaut Exploration
Ltd. owns a 20% interest.
Highlights include:
• Compilation of data, whole rock geochemical analysis, and new mapping, all indicate a
strong VMS target within the Cadillac Trend on the Gold Crest property. (Video)
• The Cadillac Trend is a large NW trending gossanous zone measuring 850m by 190m,
defined by samples containing gold rich polymetallic mineralization. The zone remain s
open in all directions.
• The geologic setting containing a large alteration footprint of the Cadillac Trend shows
consistent elevated Au, Ag, Cu, Zn and Pb values in recently exposed bedrock which
indicates the presence of a VMS system (Image of Trend with Samples)
o Chip samples assayed up to 56.10 g/t Au, 124.00 g/t Ag, or 57.58 g/t AuEq from
1 metre chip sample (Image 56.10 g/t Au Sample)
o Grab Samples contained up to 1.29% Cu, 0.044% Pb and 0.072% Zn
• Recent glacial abatement has exposed extensive areas of outcrop of pillow basalt
with inter-pillow rich massive sulfides and columnar basalts, indicative of an ocean
floor environment close to a spreading centre, typical for a VMS setting. (Image of
Pillow basalts) (Image of Glacial Abatement)
• A rhyolite unit has been mapped approximately 1 km east of the Cadillac trend.
Rhyolite units are often associated with the hanging wall of VMS deposits and are a
key marker during exploration of such deposits (Mapped Rhyolite unit).
Recommended Exploration:
• A high-resolution geophysical electromagnetic (EM) survey is recommended to trace
the known surface polymetallic mineralization to depth to delineate drill targets.
• Detailed mapping, grid geochemical sampling and analysis, prospecting of the rhyolite
and surrounding units and petrographic analyses ro cks within the gossanous zone and
the associated alteration is recommended to establish the orientation and size of the
system in preparation for drilling.
The Gold Crest property was generated and staked by the DSM Syndicate in 2017, following
positive results from a brief reconnaissance exploration program. A limited follow -up program
in 2018 and 2019 was carried out to systematically prospect the other un explored regions of
the claim block and expand on the 2017 mineralized zones. During the brief field program, a
total of 60 samples (23 channels, 20 chips, and 17 grabs) were collected from the Cadillac Trend
with highlights including a 1 m chip sample tha t assayed 56.1 g/t Au and 124 g/t Ag with other
grab samples containing up to 1.29% Cu, 0.044% Pb and 0.072% Zn . This resulted in the
expansion of the Cadillac Trend from 750m x 100m to 850m x 190m, and it remains open.
The Gold Crest claims are under lain by a sequence of altered intermediate to mafic
metavolcanic units (primarily volcaniclastics), characterizing the regional Early Cretaceous
Monarch Assemblage (tholeiitic andesite to basaltic andesite with basalt) with inter-formational
clastic metase diments. The Monarch assemblage is crosscut by both the Early Cretaceous
Desire Plutonic suite and the Late Cretaceous Four Mile Plutonic suite. Mineralization defining
the Cadillac Trend is associated with extensive silica, sericite, and chlorite alterati on of
metavolcanics and clastic sediments producing a large gossanous zone. Within this zone is a
silicified pseudo-breccia (pillow-breccia?), which may reflect a feeder pipe -like feature. Hrudey
et al., 2002* also document intrusive bodies forming pipe-like shapes in the region.
The Cadillac trend contains Au -Ag, Ag -Au-As, and Ag -Au-Cu mineralization that is hosted in
pillow basalts and columnar basalts. At surface, mineralization is concentrated in inter -pillow
and inter -column selvages and consists of f ine grained, semi -massive to massive sulfides
including pyrite, chalcopyrite and sphalerite.
Extensive regions of snowpack and glacial recession on the Goldcrest property provide large
underexplored areas with strong additional VMS discovery potential. Fol low up work will focus
on expanding the known extent of mineralization at the Cadillac Trend, which will include
detailed mapping, prospecting, geochemical sampling, drone imaging, channel sampling, and
geophysical surveys in preparation for drilling. The property is in an alpine environment with
excellent bedrock exposure and is in close proximity to logging roads, and good access to
nearby infrastructure.
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
All rock, channel and talus fine samples were crushed and pulverized at ALS Canada Ltd.'s lab in
Vancouver, BC. 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 fire assay in Vancouver, BC.
The pulps were also assayed using multi -element aqua regia dige stion at ALS Canada Ltd.'s lab
in Vancouver, BC. The coarse reject portions of the rock samples, as well as the pulps, were
shipped to DSM Syndicate's storage facility in Terrace, BC. 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 fire 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 HNO3-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. QA/QC samples including blanks, standards, and duplicate samp les were
inserted regularly into the sample sequence.
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
Website: www.juggernautexploration.com
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numerous risks and uncertainties relating to Jug gernaut’s operations that may cause future
results to differ materially from those expressed or implied by those forward -looking
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*Hrudey et al., 2002: Plutonic rocks of the eastern Bella Coola map area, southwest British
Columbia. Geological Survey of Canada Current Research 2002 A-9.