Juggernaut Reports Drill Results from Midas and Empire Properties
JUGGERNAUT REPORTS DRILL RESULTS FROM MIDAS AND EMPIRE PROPERTIES
Vancouver, British Columbia – September 30 th, 2019 – Juggernaut Exploration Ltd. (JUGR.V)
(the “Company” or “Juggernaut”) is pleased to announce the results from its 2019 diamond
drilling program on its Midas and Empire properties.
Midas 2019 Drill Program:
Located 24 km southeast of Terrace, British Columbia . The 2019 drill program focused on
testing several VHMS targets within the King Solomon trend that were generated from the
compilation of the 2018 exploration program. This includes drill results, IP data, chip -grab-
channel sample geochemistry, soil geochemistry, detailed bedrock mapping, and whole rock
analysis of this prospective package of Paleozoic volcanics.
The 2019 drill program completed 9 drill holes (Figure 1) totaling 2548m and revealed several
zones confirming the presence of gold and base metals in a potential VHMS to orogenic gold
system near surface and at depth . These mineralized zones are typically associated with
strongly silica-sericite altered volcanics and can be associated with polymetallic quartz veining
throughout the King Solomon trend.
Drill Highlights:
• MD-19-18 intersected several mineralized gold to copper bearing zones hosted within
strongly silica -sericite altered volcanics including 6.22m of 0.313 g/t Au from 8.53 to
14.75m, 0.95m of 1.495 g/t Au with 1.940% Cu from 35.8 to 36.75m and 3.22m of
0.362 g/t Au from 93.83 to 97.05
• MD-19-19 intersected 1.8m of 1.87 g/t Au from 187.7 to 189.5 m indicating the
presence quartz-pyrite gold bearing veins at depth
• MD-19-21 displayed textures consistent with VHMS including a 0.5m interval of semi
massive to massive pyrite from 47 to 47.5m containing 0.213 g/t Au with 6.03 g/t Ag
and 0.368% Cu hosted within strongly sericite to silica altered rock
• At depth MD-19-21 encountered several metre-scale gold mineralized zones from 162.5
to 163.5, 187.7 to 188. 2 and 206 to 207m of 0.909 g/t Au, 0.965 g/t and 3.03 g/t Au
respectively
• MD-19-22 tested the core of a high chargeability IP anomaly due east of MD-18-16
(35.35m 0.21 g/t Au ). This hole intersected a large interval (97m) of silicified-sericite-
pyrite altered rock which explain ed the anomaly but did not encounter significant
mineralization. Further d own hole from the anomaly gold mineralization was
encountered for 4.92 m of 0.10 g/t Au from 324.22 to 329.14 in a separate zone of
strongly silicified-sericite altered rock.
Table 1. 2019 Midas 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.
Hole ID From
(m)
To (m) Interval
(m)
Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
MD-19-17 78.0 78.8 0.8 0.915 6.2 1.130
0.039
MD-19-18 8.53 14.75 6.22 0.313 2.26 0.051 0.128 0.227
Includes 12.5 13.0 0.5 0.813 1.94 0.163 0.118 0.386
MD-19-18 33.8 34.5 0.7 0.253 1.83 0.244
MD-19-18 35.8 36.75 0.95 1.495 7.18 1.940
0.019
MD-19-18 53.0 54.0 1 0.432 2.97 0.644
MD-19-18 93.83 97.05 3.22 0.362 0.67 0.027
0.015
MD-19-19 125.5 127.5 2 0.153 2.4
0.031
MD-19-19 180.7 181.2 0.5 2.68 1.7 0.025
0.026
MD-19-19 187.7 189.5 1.8 1.87 1.47 0.020
0.024
Includes 188.0 189.0 1 1.875 1.4 0.020
0.038
Includes 189.0 189.5 0.5 3.42 1.11 0.016
0.019
MD-19-20 11.7 12.45 0.75 0.17 5.58 0.081 0.508 1.560
MD-19-20 19.0 23.0 4 0.19 1.96 0.016 0.027 0.070
MD-19-20 76.0 80.0 4 0.11 2.32
0.024
MD-19-21 47.0 47.5 0.5 0.213 6.03 0.368
0.059
MD-19-21 73.6 74.15 0.55 0.415 13.35 1.325
0.110
MD-19-21 156.0 158 2 0.133 5.42 0.213
0.112
MD-19-21 160.0 160.5 0.5 0.281 3.21 0.079
1.8
MD-19-21 162.5 163.5 1 0.909 11.1 0.084 0.012 1.445
MD-19-21 187.7 188.2 0.5 0.965 8.59 0.062
0.017
MD-19-21 206.0 207.0 1 3.03 2.73 0.038
0.030
MD-19-22 139.0 139.7 0.7 0.135 2.17 0.149 0.089
MD-19-22 324.22 329.14 4.92 0.100 0.64 0.027
Includes 324.22 325.0 0.78 0.264 0.47
MD-19-22 376.0 377.0 1 0.197 0.11
MD-19-23 80.0 80.5 0.5 0.103 8.22 0.057 1.105 2.36
MD-19-23 94.1 94.6 0.5 0.201 11.15 0.065 0.653 0.979
MD-19-24 271.8 272.2 0.4 0.293 8.6 0.143 0.299 2.8
MD-19-25 7.75 9 1.25 0.156 2.25 0.200 0.441
Table 2. 2019 Midas Drill Collar Locations
Hole ID Zone Northing1 Easting1 Azimuth Dip Depth (m)
MD-19-17 King Solomon 6022537 543147 240 -48 303
MD-19-18 King Solomon 6022598 543248 270 -55 282
MD-19-19 King Solomon 6023671 543092 235 -60 387
MD-19-21 King Solomon 6022644 542981 270 -48 225
MD-19-20 King Solomon 6023457 543056 235 -48 126
MD-19-22 King Solomon 6022829 543457 270 -55 417
MD-19-23 King Solomon 6023029 543025 270 -48 197
MD-19-24 King Solomon 6023145 543158 90 -50 347
MD-19-25 King Solomon 6023145 543158 270 -48 264
1 UTM Zone 9N NAD83
(Link: Midas 2019 Diamond Drill Collars Locations)
Further compilation and study of all the available data is recommended to vector in on
new targets within the 2.1 x 1.6 km King Solomon Trend that remain to be drill tested.
King Solomon Zone Highlights
• The British Columbia Geological Survey ( BCGS; McKeown et al., 2007 ) mapped a
conformable sequence of layered Paleozoic felsic to mafic sub -aqueous volcaniclastic
rocks and documented an extensive alteration zone, with the King Solomon Trend at its
core for at least 2.1 kilometers.
o Intense alteration system with zones of widespread gossan development,
silicification, Fe -rich chloritic alteration, Na -Ca depletion, and quartz -sericite-
pyrite development.
o Additionally, the BCGS documented massive sulphide lenses, barite lenses and
veins, and stated the area southeast of Terrace is highly prospective for VHMS
deposits.
• Soil and rock sample geochemistry is consistent with a VHMS signature.
• Newly acquired and modeled MT and IP data shows large, strong chargeability and
resistivity anomalies at depth that can be traced across multiple IP lines.
• The 2018 drill holes on Midas intersected gold and polymetallic mineralization
o MD-18-16 intersected an intensely silicified mineralized zone grading 0.21 Au g/t
Au, 0.18 g/t Ag, 0.32 % Zn, 0.08 % Cu, 0.02 % Pb over 35.35 metres which we
believe may be the part of a VHMS system.
o The discovery of this new zone , located within a regional world class VHMS
setting, confirms the strong potential for the Midas property to host a significant
discovery.
Empire 2019 Drill Program:
The 2019 drilling program on Empire focused on testing two targets within the upper Rockstar
zone generated from the 2018 surficial grab samples and IP survey . Hole EM-19-19 tested a
near surface IP anomaly and did not intersect any significant mineralization or lithology ,
therefore the anomaly remains unexplained. The final hole (EM -19-20) intersected 4.7m of
1.173% Cu with 0.114 g/t Au from th e top of the hole. This hole tested the extent of
mineralization within a Quartz-Chalcopyrite breccia (See Table 3 for drill collar information).
Table 3. 2019 Empire Drill Collar Information.
Hole ID Zone Northing1 Easting1 Azimuth Dip Depth (m)
EM-19-19 Rockstar 6068142 557593 0 -88 69
EM-19-20 Rockstar 6068124 557109 0 -85 68
1 UTM Zone 9N NAD83
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
The results of this program indicate there remains good potential for structurally controlled
and or VMHS mineralization to be discovered within the underexplored King Solomon trend
on the Midas property. The 2019 data will aid in planning for future drilling as we co ntinue to
gain a better understanding of the property.
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 an alyzed 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 3 6 elements. 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 were inserted regularly into the sample sequence.
Qualified Person
Rein Turna 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.
For more information please contact:
Juggernaut Exploration Ltd.
Mr. Dan Stuart
President and Chief Executive Officer
Tel: (604)-559-8028
Website: https://www.juggernautexploration.com
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