Juggernaut Reports Expansion of the Discovery Zone at Dsm Goldcrest Property Chip Samples up to 56.1 Grams PER Tonne GOLD (1.64 OZ/T Au) over 1 Meter
JUGGERNAUT REPORTS EXPANSION OF THE DISCOVERY ZONE AT DSM GOLDCREST PROPERTY
CHIP SAMPLES UP TO 56.1 GRAMS PER TONNE GOLD (1.64 oz/t Au) OVER 1 METER
Vancouver, British Columbia – November 14th, 2018 – Juggernaut Exploration Ltd. (JUGR.V)
(the “Company” or “Juggernaut”) is pleased to report channel, chip, and grab sample assay
results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over 1 meter from the
Cadillac Trend on the GoldC rest Property. The Cadillac Trend has been expanded to 850m x
190m, and remains open in all directions . The GoldCrest Property is located ten kilometres
northeast of Bella Coola, British Columbia and is 100% owned by the DSM Syndicate , a private
precious metals project generator in British Columbia that holds a total of six properties to
date, of which Juggernaut Exploration Ltd. owns a 20% interest.
2018 Highlights Include:
• Extensive new gold in bedrock discovery in area of recent snowpack and glacial
abatement with no historic work recorded in the area (link to video).
• The Cadillac T rend is a large gossanous zone that was expanded to 850m by 1 90m,
(link to image ) and is defined by samples containing gold and silver mineralization. The
zone remains open in all directions.
• The large alteration footprint of the Cadillac Trend shows consistent elevated Au -Ag
values, which may indicate the presence of a large mineralizing system at depth.
o Chip samples assayed up to 56.10 g/t Au, 124.00 g/t Ag, and 57. 58 g/t AuEq
from 1 metre chip (link to image)
o The majority of the GoldC rest Property remains unexplored, including multiple
gossans identified in 2018, which remains to be sampled , providing for
additional strong gold potential.
The GoldCrest 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 was carried out to systematically prospect the other unexplored regions of the claim
block and expand on the 2017 mineralized zones. During the brief field program, a total of 55
samples (21 channels , 20 chip s, and 14 grabs) were collected from the Cadillac Trend with
highlights including a 1 metre chip that assayed 56.1 g/t Au and 124 g/t Ag. This resulted in the
expansion of the Cadillac Trend from 750m x 100m to 850m x 190m, and it remains open. A
brief reconnaissance prospecting program surrounding the Cadillac Trend discovered numerous
quartz veins 500 m north and up to 1 500 m south that are up to 1.5 metres wide and >100
metres long (link to image ). These veins assayed up to 7.97 grams per tonne gold and 252
grams per tonne silver, demonstrating the strong untapped gold potential on the GoldC rest
Property. Other samples were collected from the southern part of the property from an
extensive quartz vein system returned 5.98 g/t Au, 226 g/t Ag and 1.21 g/t Au , 78.6 g/t Ag. (see
Table 1).
Table 1 – Goldcrest Property Highlights
Sample # Channel/Chip/Grab1 Length
(metres)2
Gold
(g/t)
Silver
(g/t)
Copper
%
Gold Eq3
(g/t)
W496869 Chip 1.00 56.10 124.00 0.00 57.58
W496888 Grab 7.97 252.00 0.08 11.11
W496946 Chip 1.00 5.98 226.00 0.02 8.72
W496926 Grab 4.16 54.30 0.01 4.83
W498564* Grab 3.16 34.70 0.00 3.58
W386020 Chip 1.00 2.14 895.00 3.43 18.33
W496936 Chip 0.50 1.23 58.00 0.01 1.94
W496945 Grab 1.21 78.60 0.08 2.28
W386017 Chip 1.00 1.11 70.00 1.90 4.98
W496940 Chip 0.50 0.92 122.00 0.01 2.40
W386021 Grab 0.87 48.00 0.91 2.90
W386037 Grab 0.85 17.70 0.62 2.05
W496939 Chip 0.50 0.83 92.20 0.02 1.96
W496935 Chip 0.50 0.73 88.90 0.01 1.81
W496932 Chip 0.50 0.71 26.00 0.01 1.04
W496933 Chip 0.50 0.57 16.30 0.00 0.77
W386014 Chip 1.00 0.54 109.00 2.03 5.09
W496877 Grab 0.51 26.60 0.00 0.83
W497428-9 Channel 1.28 0.44 6.07 0.00 0.51
1Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intende d to be
representative of the material sampled
2True thickness of mineralized zone not known
3AuEq metal values are calculated using: Au $1222.9/oz, Ag $14.63/oz, Cu $2.8499/lb
*2017 Sample data
The GoldCrest claims are underlain by a sequence of altered intermediate to mafic
metavolcanics (primarily volcaniclastics), characterizing the regional Early Cretaceous Monarch
Assemblage (tholeiitic andesite to basaltic andesite with basalt) with inter- formational clastic
metasediments. The Monarch assemblage is crosscut by both the Early Cretaceou s Desire
Plutonic Suite and the Late Cretaceous Four Mile Plutonic suite. Mineralization defining the
Cadillac Trend is associated with extensive silicification, seri cite, and chlorite alteration of
metavolcanics and clastic sediments producing a large gossanous zone . Within this zone is a
silicified pseudo-breccia (pillow-breccia?), which may reflect a pipe -like feature. Hrudey et al.,
2002* also document intrusive bodies forming pipe-like shapes in the region.
The Cadillac trend hosts Au-Ag, Ag -Au-As, and Ag -Au-Cu mineralization that is
structurally/fracture-controlled characterizing a disseminated and stockwork overprint in a
volcanogenic setting with re-mobilization along preferential shears and fracture systems.
Extensive regions of snowpack and gl acial recession on the Goldcrest property provide large
areas with strong gold and silver potential that remain to be explored , providing for future
discovery potential. Follow up work will focus on expanding the known extent of mineralization
at the Cadillac Trend , which will include detailed mapping, geochemical sampling, drone
imagery, channel sampling, and geophysics in preparation for drilling . The property is in an
alpine environment with excellent bedrock exposure and is in c lose proximity to logging roads,
tide water, and Bella Coola providing for good access to infrastructure.
Juggernaut Exploration Ltd. (TSX-V: JUGR) owns a 20% interest in the DSM Syndicate.
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 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 digestion 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 procedu re 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 dupli cate samples 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
Tel: 604-559-8028
Website: www.juggernautexploration.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosure in this release may constitute forward -looking statements that are subject to
numerous risks and uncertainties relating to Juggernaut’s operations that may cause future
results to differ materially from those expressed or implied by those forward -looking
statements, including its ability to complete the contemplated private placement. Readers are
cautioned not to place undue reliance on these statements. NOT FOR DISSEMINATION IN THE
UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS
PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE
ANY SECURITIES DESCRIBED IN IT.
*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.