Juggernaut Midas and Empire property update
Juggernaut Midas and Empire property update
Vancouver, British Columbia – December 15, 2020 – Juggernaut Exploration Ltd. (JUGR.V)
(OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) (the “Company” or “Juggernaut”)
is pleased to announce results from the 2020 field program on the Empire and Midas Projects in
northwest British Columbia.
Empire property update
A short field program in 2020 consisted on follow up prospecting and mapping on the
Goldworks and Metallica z ones within the Inca Trend of the Empire Property. The Goldworks
zone was discovered in 2018 and consists of quartz veins with grab samples assaying up to 350
gpt Au (10.23 ounces per tonne gold.) Several North -South, steeply dipping veins have been
identified in the area during the 2020 field program. Ten grab samples and two channel
samples from these veins returned assays ranging from background to 8.70 gpt Au suggesting
the presence of a feeder system at depth. In 2016 the Company reported a grab sample from
the Metallica zone containing 36,875 gpt Ag (1180 ounces per tonne silver with 4.68 gpt Au,
26.5 % Cu and 3.27 % Zn) from a massive sulphide vein. A channel cut from the same vein done
in 2017 returned 22,694 gpt Ag (729.63 ounces per tonne silver wi th 26.4 % Cu and 2.80 % Zn).
Gold grades up to 16.4 gpt Au have also been reported in the Metallica zone. In 2020 the
geologic team completed additional detailed mapping in the Metallica zone in preparation for
a future inaugural drill program.
Ongoing com pilation of the datasets, including LiDAR, SkyTEM, ground IP and MT, airborne
magnetic surveys, geological mapping, alteration studies, and chip/grab/channel sample assay
data, will be utilized to vector future drilling on a potential feeder source at de pth believed to
be the source of the extensive high -grade gold and polymetallic mineralization confirmed on
surface on the Empire Property.
Midas property update
The short 2020 field program focused on testing structures in the Gazelle Region of the Midas
property immediately South of the King Solomon Trend. New targets generated through
evaluation of LiDAR data obtained in 2018 in combination with strong geophysical signatures
were prospected. A total of 13 samples were collected and results ranged from ba ckground to
0.17 gpt Au with one sample containing 0.13 % Cu and 0.60 % Cu.
The King Solomon trend has been mapped by the British Columbia Geological Survey (BCGS;
McKeown et al., 2007 ) as a conformable sequence of layered Paleozoic felsic to mafic sub -
aqueous volcaniclastic rocks including lenses of massive sulphide surrounded by an extensive
alteration zone consistent with V olcanic Hosted Massive Sulphide (VHMS) deposi ts. The
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Company has previously exposed the strong potential of the King Solomon Trend showing that
rocks and soil samples have geochemistry consistent with VHMS deposits. Strong Induced
Polarization (IP) and Magnetotellurics (MT) chargeability and resistivity anomalies have been
tested during drill campaigns in 2018 and 2019 further improving the characterization of this
potential VHMS system. Integration of the 2020 geochemical and structural field data coupl ed
with additional compilation and interpretation of all data will provide a better understanding of
the King Solomon Trend in preparation for drilling.
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
“The results of this program and exi sting data indicate there remains strong potential for
discovery of large mineralizing systems at depth on both the Empire and Midas properties. The
2020 results, together with the extensive data sets acquired through exploration over the past
several years will provide a better understanding and aid in targeting future drilling.”
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 and channel samples were crushed and pulverized at MSALABS's laboratory in Terrace,
BC. MSALABS 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 and metallic screen
fire assay in Langley, BC. The pulps were also assayed using multi- element aqua regia digestion
at MSALABS's laboratory in Langley, BC. The coarse rejec t portions of the rock samples, as well
as the pulps, were shipped to Juggernaut Exploration Ltd's storage facility in Terrace, BC. All
samples were analyzed using MSALABS's assay procedure ICP -130, 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 FAS -121 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 MSALABS's ICA -6xx 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 FAS-425 method which includes a fire-assay fusion
procedure with a gravimetric finish. Samples with Au greater than 5 ppm were additionally
analyzed using metallic screen fire assay with MSALABS’s MSC -150 or MSC-350 method. QA/QC
samples including blanks, standards, and duplicate samples were inserted regularly into the
sample sequence.
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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
Website: www.juggernautexploration.com
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