A new discovery is made
Juggernaut Exploration Ltd (JUGR.V; OTCQB: JUGRF; FSE: 4JE) has encountered a horizon of strong sulphide mineralization consistent with mineralization typically observed in the vicinity of an Eskay-style VHMS (Voclanogenic Hosted Massive Sulphide) system – in drill holes from all six drill stations drilled this now completed season at the Midas property in the Golden Triangle.
The drilling is spread over a total strike length of approximately 700 meters. In particular, Juggernaut geologists believe they have discovered a new mineralized trend at approximately 145 metres depth consisting of significant sulphide mineralization with an average thickness of 10 metres. This horizon extends over 450 meters from the Kokomo deposit to the south. A second part of the mineralized horizon, which splits off from the main trend, extends over 200 metres to the southeast. Visually, the drill core intercepts are comparable to the surface chip samples from Kokomo (9. 343 gpt Au, 117 gpt Ag, 1.58% Cu and 1.77% Zn), pending laboratory assays. The now completed 2024 drill program has thus defined the most extensive mineralization observed to date on the Midas property.
Dan Stuart, President and CEO of Juggernaut Exploration, stated, “The extent and geometry of this newly discovered high-grade mineralization trend has exceeded the team’s expectations and we look forward to expanding this trend with additional drilling and geophysics in 2025. We look forward to the announcement of assay results in the near future.”
The 2024 drill program was completed with 2738m in 13 holes from 6 drill pads. All results are currently pending. The Company is planning a geophysical survey to determine the extent and geometry of the newly discovered Eskay-type VHMS mineralized zone and other targets not yet known for 2025.
The drill results, in combination with results from previous years, indicate an extensive gold, copper and zinc-bearing north-south mineralization trend that remains open. The gold and base metal component increases significantly towards the Kokomo deposit, which is a clear indication of the proximity to the core of a VHMS deposit.
The 2024 drill program was completed with 2738m in 13 holes from 6 drill pads. All results are currently pending. The Company is planning a geophysical survey to determine the extent and geometry of the newly discovered Eskay-type VHMS mineralized zone and other targets not yet known for 2025. The drill results, in combination with results from previous years, indicate an extensive gold, copper and zinc-bearing north-south mineralization trend that remains open. The gold and base metal component increases significantly towards the Kokomo deposit, which is a clear indication of the proximity to the core of a VHMS deposit. Summary: Juggernaut is only exploring on a small fraction of its 20,803-hectare Midas property 24 km southeast of Terrace, British Columbia. The fresh drill core from Midas strongly suggests the potential for a new Eskay-style VHMS discovery. So it's understandable that Juggernaut CEO Dan Stuart is impatiently waiting for the drill core to be analyzed in the lab. Juggernaut can already rightly speak of a discovery.
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