Vancouver, British Columbia Canada V6E-4A4
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Juggernaut Exploration Ltd.
Suite 1010-1130 West Pender St.
Vancouver, British Columbia
Canada V6E-4A4
(604) 559-8028
@JuggernautExp
TSX-V: JUGR
Frankfurt: 4JE
JUGGERNAUT CUTS 4.34 METRES OF 10.28 GRAMS PER TONNE GOLD ACROSS NEW
MINERALIZED SHEAR ZONE ON THE MIDAS PROPERTY
January 15 th, 2018 – Juggernaut Exploration Ltd. (TSX -V: JUGR.V) (the “ Company” or “ Juggernaut”) is
pleased to report initial channel, chip, and outcrop grab sample assay results containing polymetallic and
gold mineralization from the King Solomon Zone on the Midas property. The Midas Property covers 16,106
hectares and has good road access that c ontinues 14 kilometres to a major highway, power, and a further
10 kilometres by Highway to major infrastructure in Terrace, BC.
• The presence of widespread bedrock -hosted, polymetallic and gold mineralized channel, chip and grab
samples over a 2.1 kilomet re by 1.6 kilometre area which defines the King Solomon Zone. ( link to
map)
• Channel Cut Highlights: A series channel cuts at the “VG Zone” target area intersected a north -south
striking, steeply -dipping mineralized structure ( link to map ). This anastomosing shear zone is open
along strike and to depth. Channel cut intersection highlights include:
o Channel 1 intersected 4.34 metres of 10.28 grams per tonne gold. True thickness is estimated
to be 70-80% of channel intersection width.
o Channel 6 intersected 4.95 meters of 2.01 grams per tonne gold. True thickness is estimated to
be 70-80% of channel intersection width.
o Channel 15 intersecte d 2.13 metres of 13.3 grams per tonne gold . True thickness is estimated
to be 70-80% of channel intersection width.
o Channel 4 intersected 3.11 metres of 5.43 grams per tonne gold. True thickness is estimated to
be 50-60% of channel intersection width.
o Two individual 0.85 metre channels, cut in NW -SE orientation within the boundaries of the
mineralized structure assayed 88.9 (2.59 oz/t) and 33.8 grams per tonne gold respectively.
• The VG Zone shear is drill-ready target for 2018. Full channel sample results are posted at: link to table
• Chip Sample Highlights include:
o 5 metre chip sample that contained 3.68 grams per tonne gold , 6.1 grams per tonne silver, 0.24
percent lead and is 525 metres north of the VG showing.
o 5 metre chip sample that contained 1.65 grams per tonne gold , 6.3 grams per tonne silver and is
100 metres east of the VG showing.
o 4 metre chip sample that contained 4.53 grams per tonne gold , 14 grams per tonne silver, 0.14
percent lead and is 500 metres north of the VG showing.
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o 4 metre chip sample contained 5.45 grams per tonne gold , 12.5 grams per tonne silver, 0.39
percent lead and is 550 metres north of the VG showing.
o 5 metre chip sample contained 1.65 grams per tonne gold 6.3 grams per tonne silver and is 100
metre east of the VG showing.
o Over a strike length of 750 metres NW from the VG showing, seven chip samples contained
between 1.22 and 33.5 grams per tonne gold (link to map).
o Chip samples were generally collected perpendicular to the strike of the foliation. True thickness of
mineralization has yet to be determined for these zones.
Soil Sample Highlights include:
• Soil geochemistry defined a large 1600 by 800 metre zone of anomalous gold -in-soil that remains
open. 1133 soil samples were taken with values ranging from background up to 8840 ppb gold
including: 752 samples of 10 ppb Au or greater, 364 samples of 20 ppb gold or greater, 98 samples
of 50 ppb Au or greater, and 24 returned 100 ppb gold or greater . Mechanized trenching is
recommended in preparation for delineating additional drill targets.
The Midas property contains a zone of intense gossan development and quartz -sericite-pyrite alteration
that covers an area at least 10 by 18 km as mapped by the British Colombia Geological Survey ( McKeown
et al., 2007 ). Within this alteration zone is the King Solomon Zone, defined by polymetallic and gold
mineralized channel, chip and grab samples over a 2.1 by 1.6 km area ( link to map ). Grab samples are
selective in nature and not intended to be representative of the material sampled.
King Solomon Zone
The King Solomon Zone is a 2.1 by 1.6 km region that is defined by widespread bedrock -hosted,
polymetallic and gold mineralized channel, chip and grab samples and an extensive gold -in-soil anomaly
(link to map ). The widespread gold and polymetallic mineralized showings, anomalous soil geochemistry
and extensive alteration suggest the King Solomon Zone may be the surface expression of a significant
hydrothermal system.
A total 89 channel cuts over 315.1 metres (504 samples) were made that ranged from 0.4 to 15.5 metres in
length. Highlights include four channel cuts which intersect a N -S trending, mineralized shear zone at the
VG showing. Mineralized intervals from these channels included 4.34 metres of 10.28 grams per tonne
gold, 4.95 meters of 2.01 grams per tonne gold and 2.13 metres of 13.3 grams per tonne gold. True
thickness is estimat ed to be 50 -80% of channel intersection width (Table 1). Two individual 0.85 metre
channels, cut in NW -SE orientation within the boundaries of the mineralized structure assayed 88.9 (2.59
oz/t) and 33.8 grams per tonne gold respectively. Of the 89 channel sample, 12 intersected gold
mineralization greater than 1 g/t. The remaining 77 channel cuts did not intersect significant gold
mineralization. Full channel sample results are posted at: link to table.
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Table 1: Midas Assay Highlights
Sample Channel/Chip/Grab
Total
Length
(m)
Length of
Mineralized
Section (m)
Gold
(gpt)
Copper
%
Silver
(gpt) Lead % Zinc %
W489023-
W490662 Channel 61 14.6 4.95 2.01 0.02 5.67 0.04 0.01
W489047-
W486162 Channel 11 11.39 4.34 10.28 0.90 22.46 0.00 0.05
W486163-8 Channel 42 3.11 3.11 5.43 0.08 9.18 0.02 0.00
W491004-6 Channel 344 2.80 2.80 1.22 0.01 23.1 0.08 0.02
W490978-82 Channel 543 4.20 2.70 4.25 0.02 5.72 0.10 0.01
W489039-
W486350 Channel 151 10.99 2.13 13.30 0.02 1.46 0.01 0.00
W490663-6 Channel 84 2.91 2.00 16.37 0.06 31.0 0.00 0.01
W489732-3 Channel 85 1.05 1.05 3.27 0.13 7.60 0.00 0.02
W489702 Channel 693 0.85 0.85 33.80 0.39 8.20 0.00 0.02
W489703 Channel 703 0.85 0.85 88.90 0.12 140.0 0.00 0.00
W489052 Chip4 5.00 3.68 0.02 6.10 0.24 0.02
W489088 Chip4 5.00 1.65 0.02 6.30 0.00 0.04
W486093 Chip4 4.00 4.53 0.02 14.00 0.14 0.01
W486094 Chip4 4.00 5.45 0.04 12.50 0.39 0.01
W487753 Chip4 2.00 2.29 0.00 21.30 0.00 0.02
W502665 Chip4 2.00 1.72 0.62 18.00 0.00 2.77
W486096 Chip4 2.00 1.43 0.02 25.80 0.64 0.02
W490622 Chip4 1.50 2.42 0.01 42.10 0.13 0.07
W489095 Chip4 1.30 5.34 0.57 15.50 0.00 0.04
W490620 Chip4 1.27 1.08 0.01 2.10 0.08 0.10
W489096 Chip4 1.20 2.03 0.96 3.40 0.00 0.48
W490924 Chip4 0.70 33.50 0.11 59.90 1.14 0.04
W490901 Chip4 0.40 1.22 1.05 14.80 0.00 0.32
W489054 Outcrop Grab5 20.70 0.05 37.30 1.14 0.05
W489196 Outcrop Grab5 9.40 0.02 4.80 0.00 0.04
W492003 Outcrop Grab5 5.31 1.02 20.80 0.00 0.05
W487676 Outcrop Grab5 5.11 0.10 13.90 1.32 0.76
W489094 Outcrop Grab5 3.55 5.44 34.40 0.00 0.30
W490508 Outcrop Grab5 2.72 0.07 112.00 7.74 11.05
1Estimate true thickness 70-80% of channel intersection width.
2Estimate true thickness 50-60% of channel intersection width.
32Contained within mineralized shear zone
4True thickness remains to be determined
5Grab samples are selective in nature and not intended to be representative of material sampled
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One hundred and eighty total chip samples were ta ken that range from below detection limit to 33.5
grams per tonne gold. Fifty -seven chip samples returned assays greater than 0.1 grams per tonne, sixteen
of which returned assays ranging from 1.08 to 33.5 grams per tonne gold. Chip samples were generally
collected perpendicular to the strike of the foliation. True thickness of mineralization has yet to be
determined for these zones.
One hundred and forty -two bedrock grab samples were taken that returned assays ranging from below
detection limit to 20.7 gr ams per tonne gold, with ninety-nine percent of samples above detection limit ,
and 57 samples above 0.1 grams per tonne gold. Highlights include (Table 1) a sample that contained 20.7
grams per tonne gold, 37.3 grams per tonne silver, and 1.14 percent lead . Grab samples are selective in
nature and not intended to be representative of the material sampled.
Discussion of Soil Sampling Results
An extensive soil sampling program was completed over an area of approximately 1.7 by 1.2 kilometres
with 50 metre s paced grid lines and samples taken every 25 metres. The combined soil dataset shows an
anomalous region of gold -copper-silver measuring approximately 1600 by 800 metres ( link to map ). This
anomaly can be subdivided in to three separate anomalies with values greater than 50 ppb. All three of
these soil anomalies broadly strike NW, the largest of the three extends over 1000 by 250 metres from the
southeast corner of the soil grid and it remai ns open to the east. Towards the northern margin of said
anomaly a second 650 by 150 metre anomaly strikes northwest and is broadly a continuation of the first.
The third anomaly is approximately situated over the VG showing and again strikes northwest for ~ 600
metres and remains open to the south. Mean gold value of the 1133 soil samples is 27 ppb (median value
of 10 ppb and an SD of 265). Background Au in soil in this area is less than 10 ppb.
The second and third anomalies correlate with widespread gold in bedrock samples of >0.2 grams per
tonne gold ( link to map ). Therefore, the soil anomaly appears to correlate very well with gold in bedrock
and can thus be used as a vectoring tool for trenching to delineate additional drill targets in underexplored
areas. One such area is the largest of the soil anomalies, where very few bedrock samples have been
taken. These geochemical anom alies will be followed -up in 2018 with trenching, ground geophysics,
mapping, prospecting, and an expanded soil sampling program in preparation for drilling.
Midas Property Geology
The Midas property is underlain by the Paleozoic Mount Attree volcanic co mplex. Work by the BC
Geological Survey (McKeown et al., 2007) documented a zone of intense gossan development and quartz -
sericite-pyrite alteration covering an area at least 10 by 18 kilometres in size. This alteration system
suggests that the Mount Attre e volcanic complex has the potential to host volcanic -hosted massive
sulphide mineralization. Post-volcanic deformation and intrusive activity has caused significant
remobilization of gold into faults, shear zones, and along foliation. Furthermore, the Pal eozoic volcanic
rocks are correlative with the Stikine assemblage which is host to multiple, significant V HMS deposits
within British Columbia such as the Eskay Creek, Tulsequah Chief, Anyox, and Granduc deposits.
Stringer quartz -pyrite-chalcopyrite-sphalerite veins, stockworks, breccias and silicified zones are seen
across the entire 2.5 square kilometer King Solomon Zone, and stratiform lenses and horizons of massive
to semi-massive sulfides occur in several sites within the extensive QSP and QCP alteration zone.
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Post-volcanic deformation and intrusive activity has caused significant remobilization of precious and base
metals into faults, shear zones, and along foliation planes. This is observed in other VMS mineralizing
systems adjacent to the orig inal sulphide lenses. Gold mineralization on the Midas property appears to be
related to an intensely developed array of first (NNW –N) and second order fault structures (NE and NW).
The orientation of these property structures are consistent with orientati ons of veins and silicified zones
hosting mineralization. The intersection points of these structures may be an important control on
sulphide and gold distribution by offering brittle sites prone to dilation that offer conduits for migrating
mineralizing fluids.
The planned 2018 drill program will be designed to test the source of the hydrothermal gold mineralization
within the King Solomon Zone. In addition to drilling, ground IP, channel sampling, trenching, prospecting
and geological mapping is recommended to outline the full geometry of the King Solomon Zone on surface
and to depth. The Midas Property has seen very little exploration compared to other strongly altered and
mineralized prospective VMS areas in BC. In addition, the rapid receding snowpack over the last five years
has revealed widespread gold mineralized outcrop leading to this exciting discovery.
Statements
Mr. Dan Stuart, Director, President and CEO of Juggernaut states:
“The team has delivered exceptional results that have far exceeded our expectations all in a short period
of time. Midas is located in a world class geologic setting remains largely unexplored and has
tremendous untapped discovery potential .We look forward to tracing the full extent of this extensive
gold mineralized zone to depth by drilling. Juggernaut looks forward to also announcing assay results from
three other DSM properties as they become available and interpreted.”
Dr. Stefan Kruse. P.Geo, Chief Consulting Geologist stated:
“The discovery of a new extensive zone of gold -rich polymetallic mineralization and alteration at surface
on the King Solomon Zone is very exciting and we look forward to outlining the full extent of this discover y
both along strike and at depth. I have strongly recommended a comprehensive exploration and drill
program in 2018 targeting this exciting discovery.”
For new maps and photos please go to the website at JuggernautExploration.com
Other
Stefan Kruse, Ph.D., P. Geo., Chief Geologist, 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. Further information regarding Juggernaut’s Midas and
Empire properties can be sourced on -line at www.juggernautexploration.com, or by contacting Dan Stuart
at 778-233-0293.
All rock, channel and talus fine samples were crushed and pulverized at ALS Canada Ltd.’s lab in Terrace,
BC or in Reno Nevada. 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 Reno, Nevada or in Vancouver,
BC. The pulps were also assayed using multi -element aqua regia digestion at ALS Canada Ltd.’s lab in
Vancouver, BC. The silt samples were sieved and assayed at ALS Canada Ltd.’s lab in Vancouver, BC. The
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coarse reject portions of the rock, channel and talus fine samples, as well as the pulps, were shipped to J2
Syndicate’s storage facility in Terrace, BC. The silt samples were disposed of after analysis. 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 HNO 3-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. Blanks and duplicates QA/QC samp les were inserted
into channels sample laboratory batches. Additionally, and 10% sub -sample of pulp and reject material
was sent to Activation Laboratories in Ancaster Ontario, for check-analysis.
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.
On behalf of the Board of Directors,
“Dan Stuart”
Dan Stuart Director, President, and CEO
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.
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 T O 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.
Juggernaut Exploration Ltd.
Suite 1010-1130 West Pender St.
Vancouver BC V6E-4A4
Office # 1-604-559-8028