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Juggernaut Closes Financing with Crescat Capital as Lead Investor for 19.97%
(TheNewswire) PLANS FOLLOW UP DRILLING ON EXTENSIVE HIGH-GRADE COPPER-GOLD TARGETS ...
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":"Juggernaut Closes Financing with Crescat Capital as Lead Investor for 19.97% \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PLANS FOLLOW UP DRILLING ON EXTENSIVE\nHIGH-GRADE COPPER-GOLD TARGETS\n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n May 13\n \n \n th\n \n \n 2024 – Juggernaut Exploration Ltd.\n(TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or\n“Juggernaut”)\n \n \n further to its April\n30\n \n \n th\n \n \n , 2024 news release, Juggernaut is pleased to\n \n \n report that it has received TSX Venture Exchange approval to\nclose its non-brokered private placement financing (the\n“Financing”) for aggregate gross proceeds of $1,000,440. The use\nof funds from this financing will be for general working capital and\npreparation to drill ~5000 meters on Juggernaut’s 100% controlled\nBingo and Midas properties, targeting prolific high-grade Copper and\nGold at the surface.\n \n \n \n \n Dr. Hennigh\nstated\n \n \n ,\n \n \n \"Very\npromising results from 2023’s maiden drill program confirmed strong\npotential for “Surebet” style intrusive-related gold-base metal\nlodes at Bingo. In addition, follow up drilling at Midas continues to\ndemonstrate the presence of a large volcanogenic massive sulfide\nsystem in need of further work. With interest in the mining\nexploration space quickly heating up, it is critical that companies\nlike Juggernaut get back to the job of making discovery. I look\nforward to working with the Company’s team as plans are made for\nthis year’s drill campaign at both of these exciting projects.\n\"\n \n \n \n \n This investment and strategic partnership, coupled with\nthe ongoing support and interest from other globally recognized\nInstitutions and senior miners, is a strong endorsement that clearly\ndemonstrates the significant near-term expansion discovery potential\nof our 100% controlled properties—highlighting just one recent\ndiscovery on Bingo where\n \n \n multiple drill holes\nintersected high-grade gold-silver-copper mineralization along an\nextensive north-trending, west-dipping, shear-hosted vein with grades\nup to 11.42 gpt A...