Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Firm” or “Juggernaut”) is happy to report that drilling has lately commenced on its 100% managed Bingo property. Following the invention of a number of new sulphide-rich outcrops on floor, the drill program has been expanded to ~3,000 meters of drilling deliberate in 14 holes from 7 pad areas on 600 meters by 350 meters Bingo Important Zone on the Bingo property in world class geologic terrane.
Drilling consists of enlargement alongside strike and to depth of recognized mineralization on the high-grade gold-silver-copper shear hosted vein at Bingo in addition to testing a collection of latest cobalt-rich and native copper outcrops lately recognized by the mapping crew at the moment engaged on the property.
Dan Stuart, President and CEO of Juggernaut Exploration, states,“We’re excited to renew drilling on our 100% managed Bingo property after the profitable inaugural drill applications carried out in 2023. We designed a complete drill plan that may enable us to develop the high-grade gold-silver copper and cobalt mineralization at Bingo alongside strike and depth. The invention of extremely financial cobalt values at floor prompted the Firm to revise the calculated AuEq values of the 2023 drill core assay outcomes the place cobalt was initially omitted, rising its worth by >20%.”
Bingo Property Highlights:
- Early season mapping and prospecting resulted within the discovery of a number of new outcrops alongside strike with the Bingo Important Zone containing semi-massive chalcopyrite, pyrite and cobalt-rich sulphide mineralization in addition to native copper extending the Bingo Important Zone by 100 m to the south from 350 meters to 450 meters and stays open alongside strike and at depth. Outcrop 1 pictureOutcrop 2 pictureOutcrop 3 picture, Outcrop 4 picture
- The discovery of extremely financial cobalt values on floor prompted the Firm to revise the calculated AuEq values of the 2023 drill core assay outcomes the place cobalt was initially omitted, rising it’s worth by 20%:
- Drill gap BI-23-01 intersected 12.09 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag, 2.72 % Cu and 1624 ppm Co) over 5.11 meters (elevated from 11.42 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag and a couple of.72 % Cu) over 5.11 meters);
- Drill gap BI-23-04 intersected 5.25 gpt AuEq (2.52 gpt Au, 11.05 gpt Ag, 1.16 % Cu and 2468 ppm Co) over 10.12 meters, together with 8.05 gpt AuEq (4.01 gpt Au, 17.37 gpt Ag, 1.85 % Cu and 3179 ppm Co) over 5.89 meters (elevated from 4.23 gpt AuEq (2.52 gpt Au, 11.05 gpt Ag and 1.16 % Cu) over 10.12 meters, together with 6.74 gpt AuEq (4.01 gpt Au, 17.37 gpt Ag and 1.85 % Cu) over 5.89 meters);
- Drill gap BI-23-02 intersected 5.36 gpt AuEq (2.86 gpt Au, 8.72 gpt Ag, 1.39 % Cu and 1325 ppm Co) over 7.05 meters (elevated from 4.81 gpt AuEq (2.86 gpt Au, 8.72 gpt Ag and 1.39 % Cu) over 7.05 meters); and
- Drill gap BI-23-03 intersected 2.62 gpt AuEq (1.39 gpt Au, 4.06 gpt Ag, 0.58 % Cu and 982 ppm Co) over 5.78 meters, together with 2.97 gpt AuEq (1.66 gpt Au, 4.58 gpt Ag, 0.62 % Cu and 987 ppm Co) over 4.73 meters (elevated from 2.22 gpt AuEq (1.39 gpt Au, 4.06 gpt Ag and 0.58 % Cu) over 5.78 meters, together with 2.56 gpt AuEq (1.66 gpt Au, 4.58 gpt Ag and 0.62 % Cu) over 4.73 meters).
- This system on the Bingo property will include ~3000 meters of drilling (from 7 pads and 14 holes) designed to develop the recognized high-grade gold-silver-copper-cobalt mineralization alongside strike and to depth on the Bingo Important Zone that continues to be open, in addition to testing extra shear zones at depth and new showings found in 2024. Bingo Property Map
- Mapping and prospecting on the property, together with the Double Down Hinge Zone highlighted by an airborne magnetic survey will proceed all through the season in preparation for future drilling. 2023 Bingo Doubledown
- Excessive-grade gold-silver-copper-cobalt mineralization has been intersected in a number of inaugural check drill holes in 2023 collared from inside the Bingo Important Zone alongside a north trending, west-dipping, shear hosted vein inside a 600 meters by 350 meters valuable metallic wealthy mineralized hall that continues to be open. 3d Mannequin
- The broad sulphide-rich mineralized vein consists of semi-massive aggregates and stockwork of chalcopyrite (as much as 10 %), pyrrhotite (as much as 10 %), and cobalt-rich sulphides, with minor pyrite and galena, a part of a shear hosted vein inside a strongly altered diorite unit that continues to be open to the north, south and to depth.
- The maiden drill program in 2023 on this discovery confirmed sturdy gold-silver-copper-cobalt mineralization on the Bingo Important outcrop to a depth of 40 meters that continues to be open, leaving over 90% of the recognized mineralized hall untested.
Early season mapping and prospecting on the Bingo property resulted within the discovery of a number of new outcrops alongside strike with the Bingo Important Zone containing semi-massive chalcopyrite, pyrite and cobalt-rich sulphide mineralization in addition to native copper extending the Bingo Important Zone by 100 m to the south from 350 meters to 450 meters and stays open. The invention of extremely financial cobalt values on floor prompted the Firm to revise the calculated AuEq values of the 2023 drill core assay outcomes the place cobalt was initially omitted, rising it’s worth by >20%. Outcrop 1 picture,Outcrop 2 picture,Outcrop 3 picture, Outcrop 4 picture
Outcomes from the 2023 drill season embody 4 holes collared from Pad 1 positioned within the northern a part of the Bingo Important Zone, which intersected broad sulphide-rich mineralized horizon consisting of semi-massive aggregates, and stockwork of chalcopyrite (as much as 10 %), pyrrhotite (as much as 10 %) and cobalt-rich sulphides, with minor pyrite and galena, which are a part of a shear hosted vein inside a strongly altered diorite unit that continues to be open to the north, south and to depth. Drill gap BI-23-01 intersected 12.09 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag, 2.72 % Cu and 1624 ppm Co) over 5.11 meters. Drill gap BI-23-04 intersected 5.25 gpt AuEq (2.52 gpt Au, 11.05 gpt Ag, 1.16 % Cu and 2468 ppm Co) over 10.12 meters, together with 8.05 gpt AuEq (4.01 gpt Au, 17.37 gpt Ag, 1.85 % Cu and 3179 ppm Co) over 5.89 meters. Drill gap BI-23-02 intersected 5.36 gpt AuEq (2.86 gpt Au, 8.72 gpt Ag, 1.39 % Cu and 1325 ppm Co) over 7.05 meters. Drill gap BI-23-03 intersected 2.62 gpt AuEq (1.39 gpt Au, 4.06 gpt Ag, 0.58 % Cu and 982 ppm Co) over 5.78 meters, together with 2.97 gpt AuEq (1.66 gpt Au, 4.58 gpt Ag, 0.62 % Cu and 987 ppm Co) over 4.73 meters. 3d Mannequin
Desk 1: Chosen 2023 Bingo drill gap assay outcomes recalculated with Co included in AuEq.
|
Gap ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
Co (ppm) |
AuEq (g/t) |
|
|
BI-23-01 |
Interval |
24.39 |
29.50 |
5.11 |
7.57 |
20.23 |
2.72 |
0.01 |
0.10 |
1624.44 |
12.09 |
|
Together with |
25.58 |
28.48 |
2.90 |
13.0 |
34.93 |
4.70 |
0.02 |
0.17 |
2604.85 |
20.77 |
|
|
BI-23-04 |
Interval |
41.1 |
51.22 |
10.12 |
2.52 |
11.05 |
1.16 |
0.01 |
0.15 |
2468.69 |
5.25 |
|
Together with |
42.18 |
48.07 |
5.89 |
4.01 |
17.37 |
1.85 |
0.01 |
0.24 |
3179.83 |
8.05 |
|
|
BI-23-02 |
Interval |
25.95 |
33.00 |
7.05 |
2.86 |
8.72 |
1.39 |
0.01 |
0.07 |
1325.60 |
5.36 |
|
Together with |
27.85 |
31.15 |
3.30 |
5.69 |
17.36 |
2.70 |
0.01 |
0.14 |
2087.29 |
10.35 |
|
|
Together with |
27.85 |
30.30 |
2.45 |
7.31 |
23.11 |
3.58 |
0.02 |
0.18 |
2522.45 |
13.39 |
|
|
BI-23-03 |
Interval |
23.22 |
29.00 |
5.78 |
1.39 |
4.06 |
0.58 |
0.01 |
0.07 |
982.05 |
2.62 |
|
Together with |
24.27 |
29.00 |
4.73 |
1.66 |
4.58 |
0.62 |
0.01 |
0.07 |
987.39 |
2.97 |
|
|
Together with |
24.27 |
25.19 |
0.92 |
6.77 |
21.30 |
2.69 |
0.02 |
0.29 |
2440.00 |
11.67 |
Widths are reported in drill core lengths and AuEq metallic values are calculated utilizing Au 1997.07 USD/oz, Ag 22.96 USD/oz, Cu 3.83 USD/lbs, Pb 1997.50 USD/ton, Zn 2397.00 USD/ton on December 8, 2023 and Co 12.00 USD/lbs on July 2, 2024.
Desk 2: Chosen 2023 Bingo drill gap assay outcomes initially reported with out Co included in AuEq.
|
Pad ID |
Gap ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (g/t) |
|
|
Pad 1 |
BI-23-01 |
Interval |
24.39 |
29.50 |
5.11 |
7.57 |
20.23 |
2.72 |
0.01 |
0.10 |
11.42 |
|
Together with |
25.58 |
28.48 |
2.90 |
13.05 |
34.93 |
4.70 |
0.02 |
0.17 |
19.69 |
||
|
BI-23-04 |
Interval |
41.1 |
51.22 |
10.12 |
2.52 |
11.05 |
1.16 |
0.01 |
0.15 |
4.23 |
|
|
Together with |
42.18 |
48.07 |
5.89 |
4.01 |
17.37 |
1.85 |
0.01 |
0.24 |
6.74 |
||
|
BI-23-02 |
Interval |
25.95 |
33.00 |
7.05 |
2.86 |
8.72 |
1.39 |
0.01 |
0.07 |
4.81 |
|
|
Together with |
27.85 |
31.15 |
3.30 |
5.69 |
17.36 |
2.70 |
0.01 |
0.14 |
9.49 |
||
|
Together with |
27.85 |
30.30 |
2.45 |
7.31 |
23.11 |
3.58 |
0.02 |
0.18 |
12.35 |
||
|
BI-23-03 |
Interval |
23.22 |
29.00 |
5.78 |
1.39 |
4.06 |
0.58 |
0.01 |
0.07 |
2.22 |
|
|
Together with |
24.27 |
29.00 |
4.73 |
1.66 |
4.58 |
0.62 |
0.01 |
0.07 |
2.56 |
||
|
Together with |
24.27 |
25.19 |
0.92 |
6.77 |
21.30 |
2.69 |
0.02 |
0.29 |
10.67 |
Widths are reported in drill core lengths and AuEq metallic values are calculated utilizing Au 1997.07 USD/oz, Ag 22.96 USD/oz, Cu 3.83 USD/lbs, Pb 1997.50 USD/ton and Zn 2397.00 USD/ton on December 8, 2023.
This system on the Bingo property will include ~3000 meters of drilling designed to develop the recognized high-grade gold-silver-copper-cobalt mineralization alongside strike and to depth on the Bingo Important Zone, in addition to testing extra shear zones at depth and new showings found in 2024. Mapping and prospecting on the property, together with the Double Down Hinge Zone highlighted by an airborne magnetic survey will proceed all through the season in preparation for future drilling.
The mineralized shear hosted vein was intersected in a slim copper-rich interval from a drill gap within the southern a part of the Bingo Important Zone 200 m south of Pad 1 from 2023, the place a floor seize pattern assayed 9.79 gpt Au. Drilling on this space in 2024 is designed to totally check the southern extent of the mineralized hall. Mapping and drilling have proven that the mineralized vein pinches and swells and is parallel to the axial aircraft of a reasonable dimension fold recognized within the magnetic signature of the Bingo Important Zone. The 2023 drill program has helped higher perceive the geometry of the mineralized vein which is steeply dipping on floor and rotates to 45 levels to the west at deeper ranges. The 2024 drill program is designed to develop on the depth and strike extent of the high-grade gold-silver-copper mineralization within the northern a part of the Bingo Important Zone, the place a step-out pad will enable to check the vein at depth and prolong its strike alongside the pattern the place quite a few floor samples assayed multi-gram gold. Further drill areas on pattern with the mineralized vein each to the north and to the south will assist decide the extent of the mineralization alongside strike.
A secondary vein was found in outcrop 400 m to the northeast of Pad 1, the place two seize samples assayed 7.39 gpt Au and 5.93 gpt Au, respectively. The outcrop is partially lined by overburden, however structural investigations point out an analogous orientation to the principle mineralized vein. Each samples collected from this outcrop include strongly altered, crackled intrusive with as much as 5 % chalcopyrite and 10 % pyrite. This exhibiting shall be drill examined with a number of drill holes in the course of the 2024 drill season. A 3rd vein is outcropping 250 m southeast of Pad 1. A seize pattern that assayed 1.11 gpt Au collected from this vein consists of a metamorphosed, strongly altered intrusive rock with 5 % pyrite and 1 % chalcopyrite. Various drill holes have been designed to check this exhibiting in 2024. Deeper drill holes designed to check the contact between a close-by intrusion and the encircling rocks are additionally deliberate for the 2024 drill season.
Just lately, a brand new fold positioned 1 kilometer to the north of the Bingo Important Zone named the Double Down Hinge Zone has been recognized in an airborne magnetic survey. This fold exhibits the identical orientation and traits because the fold noticed on the Bingo Important Zone. A fault separates the 2 folds doubtlessly indicating that the 2 constructions are in actual fact the identical fold that has been displaced, through which case gold-silver-copper mineralization is projected to be discovered within the Double Down Hinge Zone as properly. Detailed mapping and prospecting on the property will give attention to figuring out the connection between the Double Down Hinge Zone and the Bingo Important Zone, in addition to understanding the controls on mineralization on the contact between metamorphosed sediments and the intrusion to the West, and the volcanic items to the East. 2023 Bingo Doubledown
Highlights from the high-grade gold Bingo property:
- The Bingo Important zone is a part of a 600 meters by 350 meters mineralized hall that continues to be open with high-grade gold drill samples (12.09 gpt AuEq over 5.11 meters) and floor samples (as much as 13.4 gpt Au) locatedalong the axial aircraft of a fold hinge.
- Bingo is positioned within the Eskay Rift in an evolving gold district in a world-class geologic setting inside the Golden Triangle of British Columbia, host to a number of multi-million ounce gold deposits confirming the untapped discovery potential that continues to be whereas huge areas of newly uncovered bedrock are uncovered on account of latest snowpack and glacial abatement.
- Bingo contains the identical world-class geological items as Goliath Useful resource’s Surebet discovery positioned 15 km to the West, together with Hazelton Volcanics and associated sediments and intrusive rocks in addition to the identical model of mineralization of pyrrhotite, chalcopyrite and galena, hosted in a equally oriented west dipping shear zone.
- Gold mineralization in drill samples (4 out of seven holes intersected important high-grade gold mineralization) and floor outcrops (83 % of floor samples collected contained gold mineralization), stream sediment geochemistry, floor magnetic survey, soil sampling and different traces of proof affirm sturdy gold-mineralization potential on the property.
- Mineralization is characterised by aggregates and stockwork of chalcopyrite, pyrrhotite, galena and pyrite from a shear hosted vein alongside which gold-silver-copper wealthy fluids intruded and altered the host rock.
- Just lately, a brand new fold positioned 1 kilometer to the north of the Bingo Important Zone named the Double Down Hinge Zone has been mapped. This fold exhibits the identical orientation and traits to the fold noticed on the Bingo Important Zone. A fault separates the 2 folds doubtlessly indicating that the 2 constructions are in actual fact the identical fold that has been displaced, through which case gold-silver-copper mineralization is projected to be discovered within the Double Down Hinge Zone as properly.
- The Bingo property is positioned in a fertile space within the southern a part of the Golden Triangle surrounded by various recognized deposits, together with Anyox, Surebet, Dolly Varden, Porter Idaho, Premier, and extra.
- Infrastructure consists of direct entry to tide water in shut proximity to roads and high-tension energy.
The Bingo property has an space of 989 hectares and is positioned 45 km SSW of Stewart, BC and 28 km W of Kitsault, and solely 12 km to tidewater touchdown and roads within the historic mining city of Anyox offering for value efficient exploration. The Bingo Important Zone incorporates gold mineralized seize, chip and channel samples alongside the axial aircraft of a fold hinge over an space of 600 meters x 350 meters in a area of latest glacial retreat and everlasting snowpack abatement positioned inside the Eskay Rift area of the Golden Triangle, British Columbia. Excessive-grade gold from floor seize samples assayed as much as 9.79 gpt Au. Channel samples assayed as much as 1.77 gpt Au and 0.20 % Cu over 4.85 meters and 1.48 gpt Au and 0.37 % Cu over 3.2 meters, respectively. The Bingo property has sturdy similarities to Goliath Sources’ Surebet Venture positioned additional to the east, together with identical mineralogy, textures and constructions.
Certified Particular person
Rein Turna P. Geo is the certified particular person as outlined by Nationwide Instrument 43-101, for Juggernaut Exploration tasks, and supervised the preparation of, and has reviewed and accredited, the technical data on this launch.
Different
Oriented NQ-diameter diamond drill core from the drill marketing campaign is positioned in core containers by the drill crew contracted by the Firm. Core containers are transported by helicopter to the staging space, after which transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Restoration and RQD measurements taken, and first bedding and secondary structural options together with veins, dykes, cleavage, and shears are famous and measured. The core is then described and transcribed in MX Deposit. Drill holes have been deliberate utilizing Leapfrog Geo and QGIS software program and knowledge from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are minimize lengthwise in half, one-half stays within the field and the opposite half is inserted in a clear plastic bag with a pattern tag. Requirements, blanks and duplicates have been added within the pattern stream at a charge of 10%
Seize, channels, chip and talus samples have been collected by foot with helicopter help. Potential areas included, however weren’t restricted to, proximity to MINFile areas, placer creek occurrences, regional soil anomalies, and potential gossans primarily based on high-resolution satellite tv for pc imagery. The rock seize and chip samples have been extracted utilizing a rock hammer, or hammer and chisel to reveal contemporary surfaces and to liberate a pattern of anyplace between 0.5 to five.0 kilograms. All pattern websites have been flagged with biodegradable flagging tape and marked with the pattern quantity. All pattern websites have been recorded utilizing hand-held GPS items (accuracy 3-10 meters) and pattern ID, easting, northing, elevation, sort of pattern (outcrop, subcrop, float, talus, chip, seize, and so forth.) and an outline of the rock have been recorded on all-weather paper. Samples have been then inserted in a clear plastic bag with a pattern tag for transport and transport to the geochemistry lab. QA/QC samples together with blanks, requirements, and duplicate samples have been inserted recurrently into the pattern sequence at a charge of 10%.
All samples, together with core, rock grabs, channels, and talus samples, are transported in rice baggage sealed with numbered safety tags. A transport firm takes them from the core shack to the ALS labs amenities in North Vancouver. ALS is both licensed to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its areas. At ALS samples have been processed, dried, crushed, and pulverized earlier than evaluation utilizing the ME-MS61 and Au-SCR21 strategies. For the ME-MS61 methodology, a ready pattern is digested with perchloric, nitric, hydrofluoric and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits have been re-analyzed utilizing the ME-OG62 and Ag-GRA21 strategies (gravimetric end). For Au-SCR21 a big quantity of pattern is required (sometimes 1-3kg). The pattern is crushed and screened (often to -106 micron) to separate coarse gold particles from high-quality materials. After screening, two aliquots of the high-quality fraction are analysed utilizing the normal fireplace assay methodology. The high-quality fraction is predicted to be fairly homogenous and properly represented by the duplicate analyses. Your entire coarse fraction is assayed to find out the contribution of the coarse gold.
A number of the reported knowledge is historic in nature and is a compilation of third-party knowledge from earlier operators. The reader is cautioned that seize samples are spot samples that are sometimes, however not completely, constrained to mineralization. Seize samples are selective in nature and picked up to find out the presence or absence of mineralization and aren’t meant to be consultant of the fabric sampled. As well as, the reader is cautioned that proximity to recognized mineralization doesn’t assure comparable mineralization will exist on the properties.
For extra data, please contact:
Juggernaut Exploration Ltd.
Dan Stuart
President and Chief Govt Officer
Tel: (604)-559-8028
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
Sure disclosure on this launch could represent forward-looking statements which are topic to quite a few dangers and uncertainties referring to Juggernaut’s operations that will trigger future outcomes to vary materially from these expressed or implied by these forward-looking statements, together with its potential to finish the contemplated personal placement. Readers are cautioned to not place undue reliance on these statements.
