{kanada_flagge} Juggernaut Exploration Ltd (JUGR.V; OTCQB: JUGRF; FSE: 4JE) currently has drills spinning simultaneously on three of its alpine projects in British Columbia’s Golden Triangle: Midas, Empire and now the Bingo project in the so-called Eskay fault. The approximately 2,000 m of drilling on Bingo is the first drilling ever in the history of the project.
Conclusion: The relationship between Juggernaut and Goliath Resources can best be described as Juggernaut being the younger brother of the two. Both companies share the same founding team (a similar website) and the same exploration approach: exploring mineralization in the Golden Triangle, freshly exposed by glacial retreat. Bingo is arguably the most closely related geologically and locally to Goliath’s Surebet discovery. Therefore, expectations are particularly high here. Juggernaut’s share price has developed in recent weeks from an initial level of CAD 0.15 to currently CAD 0.26 with good trading volumes. Through a discovery on one of the three projects, the share of Juggernaut could again swing violently upwards. We keep our fingers crossed for Juggernaut.
Juggernaut Exploration Ltd (JUGR.V; OTCQB: JUGRF; FSE: 4JE) currently has drills spinning simultaneously on three of its alpine projects in British Columbia’s Golden Triangle: Midas, Empire and now the Bingo project in the so-called Eskay fault. The approximately 2,000 m of drilling on Bingo is the first drilling ever in the history of the project.
All three projects have in common that they only became accessible due to the retreat of the glaciers. The Bingo property is located southwest of Goliath Resources’ Golddigger project (TSXV: GOT), which is closely related geologically. Other world-class projects nearby include Anyox, Dolly Varden, Porter Idaho and Premier. (see Figure 1)
The Bingo Main Zone (see Figure 2) has been explored to date by extensive gold mineralized grab, chip and channel sampling over an area of 550 m x 175 m in the Eskay Rift region of the Golden Triangle, British Columbia. High-grade gold from surface grab samples returned up to 9.79 g/t Au. Channel samples returned up to 1.77 g/t Au and 0.20% Cu over 4.85 metres and 1.48 g/t Au and 0.37% Cu over 3.2 metres, respectively. A second hinge zone has been identified approximately 1 km to the north (referred to as the “Double Down” hinge zone). To date, only lidar as well as geophysical data indicate this zone. It will therefore be explored in the field for the first time during the current season. The Bingo property has strong similarities to Goliath Resources’ Surebet project further east, including the same mineralogy, lithology, textures and structures.
Figure 1: Overview of the southern end of the so-called Golden Triangle in British Columbia. Bingo is located southwest of Golddigger.
Figure 2: Drill targets on the Bingo Main Gold Hinge and Double Down Hinge properties.
The Bingo property covers 989 hectares and is located 45 km SSW of Stewart, BC and 28 km W of Kitsault, and only 12 km from the tidewater jetty and roads in the historic mining town of Anyox, allowing for cost-effective exploration. Infrastructure includes direct access to tidewater in close proximity to roads and power lines.
Dan Stuart, President and CEO of Juggernaut Exploration, commented, “Our currently ongoing drill programs at Empire, Midas and Bingo total ~6,500 meters. We are pleased to have been able to start work ahead of schedule due to exceptionally good weather in northwest B.C.. We eagerly await the first drill results.”
Conclusion: The relationship between Juggernaut and Goliath Resources can best be described as Juggernaut being the younger brother of the two. Both companies share the same founding team (a similar website) and the same exploration approach: exploring mineralization in the Golden Triangle, freshly exposed by glacial retreat. Bingo is arguably the most closely related geologically and locally to Goliath’s Surebet discovery. Therefore, expectations are particularly high here. Juggernaut’s share price has developed in recent weeks from an initial level of CAD 0.15 to currently CAD 0.26 with good trading volumes. Through a discovery on one of the three projects, the share of Juggernaut could again swing violently upwards. We keep our fingers crossed for Juggernaut.
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