Juggernaut Exploration Ltd. just announced it has commenced inaugural diamond drill programs at each of its 100% controlled Goldstandard and Goldstar projects. Drilling is designed to test newly discovered extensive high-grade gold-silver zones to depth. These projects are situated in the prolific mineralized terrain of northwestern British Columbia and are located in close proximity to infrastructure providing for cost effective exploration.
Goldzilla Hinge Zone Drill Target #1
100m long 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). The Hinge Zone is part of the larger Goldzilla orogenic system that has been traced on surface for 938m with 320m of vertical relief and remains open along strike and at depth (hinge zone image). Drilling is designed to test the Goldzilla Hinge Zone to depth.
The GoldStandard property is situated 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. Approximately 67% of Canadian gold production comes from orogenic type deposits.
Goldilocks Zone Drill Target #2
Goldilocks Zone is demarked by multiple outcrops that daylight in glacial talus containing high-grade gold and polymetallic mineralization with grab samples assaying up to 40 g/t AuEq. The zone is defined by veining and altered host rock over an area of 190m by 20m and 160m vertical relief and remains open in all directions. 2019 channel sampling within the Goldilocks Zone included a 3.75m cut to partially test a 10.5m wide section of exposed outcrop. This cut returned 7.86 g/t AuEq over 3.75m true width starting in 9.01 g/t AuEq and ending in 10.79 g/t AuEq. Juggernaut thinks this zone remains open in all directions. Importantly, gold mineralization occurs in host rocks (pyritic chlorite schist) that assayed 1.13 g/t AuEq over a 1-meter interval inside the 3.75-meter channel. To date, 84% of rock samples collected at Goldilocks assayed greater than 1.0 g/t gold suggesting continuity of gold mineralization (image below). Drilling is designed to test the discovery outcrop to depth.
The Gold Star Property is situated on the central coast of BC and is located approximately 5.5km from logging access roads and lies within 4.5km of tidewater providing for good access to infrastructure. The Gold Star Property is a virgin discovery with no previous recorded work in the area. Approximately 67% of Canadian gold production comes from orogenic type deposits.
Dan Stuart, President and CEO of Juggernaut states, “Juggernaut is in the unique position of being fully funded to undertake inaugural drilling at two virgin bedrock discoveries, Goldstandard (link to video) and Goldstar. In previous seasons’ work, Juggernaut confirmed the presence of high-grade gold-silver-polymetallic mineralization over significant extents at both projects. With drilling now underway coupled with only 40M shares outstanding, no debt and over $6,000,000 in the treasury, Juggernaut provides an excellent opportunity for investors to participate in these exciting exploration stories, in a strengthening precious and base metals bull market.
Dr. Quinton Hennigh Geologist commented, “Juggernaut has a youthful, aggressive team working on their highly prospective early stage gold projects in BC,” commented Quinton Hennigh, technical advisor to the Company. “It is great to see first pass drilling commence at these two most advanced targets, but the Company has also been busy conducting systematic prospecting across its extensive land holdings, work that will likely yield many more such drill targets. The Company is well cashed up and is in a great position to undertake this work. We look forward to soon seeing what drilling delivers.”
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is a precious metals project generator in the geopolitically stable jurisdiction of Canada, focused on the prolific geologic setting of northwestern British Columbia.
For more informationon Juggernaut Exploration, please contact Dan Stuart at 604-559-8028 or visit company website at www.juggernautexploration.com