Juggernaut Receives Permit FOR Goldstandard Discovery
JUGGERNAUT RECEIVES PERMIT FOR GOLDSTANDARD DISCOVERY
Vancouver, British Columbia – November 16th, 2020 – Juggernaut Exploration Ltd. (TSX -V: JUGR)
(OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report it has received its five
year advanced exploration permit for drilling its 100% controlled Goldstandard property . The property
contains multiple extensive newly discovered outcropping orogenic gold vei ns including the Goldzilla vein
that measures up to 20 meters wide and has been traced at surface for 938 meters along strike with 300
meters of vertical relief and remains open to the southeast. The fully funded inaugural drilling will focus
on the Godzilla Hinge Zone that is part of the large -scale Goldzilla orogenic vein system where
channel cut assayed up to 6.00 g/t AuEq (gold equivalent) over 12 metres including 5 metres of 13.03
g/t AuEq true width.
The planned inaugural drill program wi ll be designed to test the Goldzilla hinge zone both along strike and
to depth. The discovery zones are located in alpine areas of recently exposed bedrock due to glacial and
snowpack abatement. The Goldzilla Zone is an original new orogenic gold discovery located in a world -
class geological setting (high strain zone) that remains largely unexplored, providing tremendous
additional untapped gold potential. This discovery has already garnered the attention of the miners and
institutions alike, further demons trating the potential of the Goldstandard property and surrounding area
to evolve into a new orogenic gold camp. Approximately 67 % of Canadian gold production comes from
this world class geologic setting. (Link to Video)
The company also successfully completed a property wide LiDAR and orthophoto survey in Sept 2020
covering both its Goldstandard and Goldstar properties located in the same area. This data will used to
assist in future exploration on both properties.
The Goldstandard property is located in the Central Coastal region of British Columbia Canada, only 4km
from major infrastructure and 1km to tidewater and logging roads, providing excellent, cost -effective
exploration.
GOLDZILLA HINGE ZONE
Detailed mapping and surface sampling, identified a 100m by up to 20m wide hinge zone containing high
grade gold mineralization of up to 6.00 g/t AuEq over 12m including 5m of 13.03 g/t AuEq and 1m of
31.66 AuEq (schematic of hinge zone) . This hinge zone is part of the large -scale Goldzilla orogenic system
that is traced on surface for 938m with 320m of vertical relief and remains open (hinge zone Image)
The Goldzilla hinge zone planned inaugural drill program will target the high grade gold mineralization
discovered at surface and trace it to depth. Drilling will be designed to unlock the full potential of this
newly discovered high -grade orogenic vein system and to u nderstand the relationship between the
multiple other newly discovered large en-echelon gold bearing orogenic veins at depth.
HIGHLIGHTS OF OTHER OROGENIC VEINS ON GOLD STANDARD:
The Leviathan Vein: 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 3.65g/t AuEq over 3 m including
10.55g/t AuEq over 1 m true width. (Leviathan Video) (Leviathan Schematic)
The Kraken Vein: has been traced on surface for 1000 m with 520 m of vertical relief and remains
open. Channel samples from 2019 returned grades of 29.48g/t AuEq ove r 0.7 m and a 1m chip
taken 305m along strike grading 6.52g/t Au. (Kraken Video) (Kraken Schematic)
The East Vein: is a newly discovered large vein system with grab samples up to 7.22 g/t Au and a 3
m chip sample grading 5.75 g/t Au. The discovery of this vein system has increased the Big Show
High Strain zone from 2 km by 1 km to 4.6 km by 1.5 km. (East Vein)
In Addition Several other en -echelon gold bearing orogenic veins have been found within the Big Show
high strain zone that has been exp anded in 2019 from 2km by 1km, to 4.5km by 1.5km , containing
multiple large en -echelon gold bearing mineralized quartz veins and shear zones. Exploration has further
confirmed the extent of gold mineralization within multiple quartz veins and shear zones, within the Big
Show high-strain, confirming an extensive orogenic gold system within the property. (link to image)
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 Insularsuperterranes,
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 vei ns and shears trend up to ~1 km in strike with 500m of vertical extent and are up to 15m in
width. They host variable amounts of gold mineralization, oxidized pyrite and disseminated pyrite with
chalcopyrite.
GEOLOGIC MODEL - NEW OROGENIC GOLD SYSTEM
Exploration programs have confirmed the extent of high grade gold mineralization within multiple quartz
veins and shear zones, within the Big Show high -strain zone confirming an extensive orogenic gold system
within the Gold Standard property. The prolonged f aulting and shearing within this structural corridor on
the Gold Standard property provided extensive conduits for mineralizing fluids and favorable sites for
mineralization (link to image) . Within the Big Show Zone, veins occur in an en -echelon pattern to the
regional north -northwest orientation of the major shear zones. These orogenic characteristics are
consistent with gold-bearing mineralized veins and shear zones in several mining districts globally.
Orogenic gold systems are often deep rooted and are mined to depths of 1 to 3 kilometres (orogenic
Model 1). Approximately 67 % of Canadian gold production comes from this type of geologic setting, with
examples including nearby to the south Talisker Resources Bralorne Pioneer camp in British Columbia (4.17
Moz) with depths to 2km, and Couer Mining’s Kensingt on mine just to the North in Juneau Alaska also
including many regions within the Canadian shield including Kirkland Lake (>40 Moz), 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, similar to what is found at the Gold Standard property.
Other orogenic systems are currently being explored such as Great Bear Resources Dixie project that
confirm similar grades in drilling (orogenic model 2).
Dan Stuart President and CEO states:
“The Goldstandard property has demonstrated its tremendous gold potential with the discovery of the
Goldzilla hinge zone and several other high -grade orogenic gold veins. These orogenic gold systems are
commonly mined to depths of 1 to 3 kilometres. This geologic setting and model have proven to host
several world-class, high grade, multimillion ounc e deposits. Future exploration has excellent potential to
expand on these discoveries both along strike and at depth. This project has already garnered the interest
of several miners and institutions alike confirming the significance of this discovery. We look forward to the
inaugural drill program designed to trace the discovery zone to depth and along strike.”
Qualified Person
Rein Turna, P. Geo. is the qualified person as defined by National Instrument 43 -101, for Juggernaut
Exploration Ltd., and supervised the preparation of, and has reviewed and approved, the technical
information in this release.
Other
All samples were crushed and pulverized at ALS Global ISO 17025:2005 accredited geochemistry lab in
North Vancouver, BC. Drill core samples were crushed, split and pulverized to 250 g pulp. The sample pulps
were analyzed for gold by fire assay method (Au -AA24) and were also assayed using multi -element aqua
regia digestion. Samples were analyzed using ALS assay procedure ME -ICP41m and MS-ICP61m. ME-ICP is
an aqua regia (partial) digestion with inductively -coupled plasma (ICP)mass atomic emission spectroscopy
(ICP-AES) finish for 36elements. MS -ICP61m is a four acid digestion with ICP mass spectrometry finish for
49 elements. Over-limit samples for copper, lead and zinc were reanalyzed by fire assay with a gravimetric
finish (OG46 and OG62). Rigorous procedures are in place regarding sample collection, chain of custody
and data entry. QA/QC samples including blanks, standards, and duplicate samples w ere inserted regularly
into the sample sequence.
For more information please contact:
Juggernaut Exploration Ltd.
Dan Stuart
604-559-8028
Director, President and Chief Executive Officer
www.juggernautexploration.com
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