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Juggernaut Cuts 4.34 Metres of 10.28 Grams Per Tonne Gold Across New Mineralized Shear Zone on the Midas Property
VANCOUVER, British Columbia, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V:JUGR.V) (the “Company” or “Juggernaut”) is pleased to report i
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 15, 2018 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V:JUGR.V) (the “Company” or “Juggernaut”) is pleased to report initial channel, chip, and outcrop grab sample assay results containing polymetallic and gold mineralization from the King Solomon Zone on the Midas property. The Midas Property covers 16,106 hectares and has good road access that continues 14 kilometres to a major highway, power, and a further 10 kilometres by Highway to major infrastructure in Terrace, BC. The presence of widespread bedrock-hosted, polymetallic and gold mineralized channel, chip and grab samples over a 2.1 kilometre by 1.6 kilometre area which defines the King Solomon Zone. (link to map) Channel Cut Highlights: A series channel cuts at the “VG Zone” target area intersected a north-south striking, steeply-dipping mineralized structure (link to map). This anastomosing shear zone is open along strike and to depth. Channel cut intersection highlights include: Channel 1 intersected 4.34 metres of 10.28 grams per tonne gold. True thickness is estimated to be 70-80% of channel intersection width. Channel 6 intersected 4.95 meters of 2.01 grams per tonne gold. True thickness is estimated to be 70-80% of channel intersection width. Channel 15 intersected 2.13 metres of 13.3 grams per tonne gold. True thickness is estimated to be 70-80% of channel intersection width. Channel 4 intersected 3.11 metres of 5.43 grams per tonne gold. True thickness is estimated to be 50-60% of channel intersection width. Two individual 0.85 metre channels, cut in NW-SE orientation within the boundaries of the mineralized structure assayed 88.9 (2.59 oz/t) and 33.8 grams per tonne gold respectively. The VG Zone shear is drill-ready target for 2018. Full channel sample results are posted at: link to table Chip Sample Highlights include: 5 metre chip sample that contained 3.68 grams per tonne gold, 6.1 grams per tonne silver, 0.24 percent lead and is 525 metres north of the VG showing. 5 metre chip sample that contained 1.65 grams per tonne gold, 6.3 grams per tonne silver and is 100 metres east of the VG showing. 4 metre chip sample that contained 4.53 grams per tonne gold, 14 grams per tonne silver, 0.14 percent lead and is 500 metres north of the VG showing. 4 metre chip sample contained 5.45 grams per tonne gold, 1...