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Juggernaut Discovers Large Highly Conductive Body Measuring 1000 x 800 x 300 Metres on Empire, Remains Open
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":"NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT VANCOUVER, British Columbia, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V:JUGR) (the “Company” or “Juggernaut”) is pleased to announce preliminary results of a recent 759-line kilometre high-resolution SKYTEMTM survey on their Empire property, 40 kilometres northeast of Terrace British Columbia. The survey has resulted in the discovery of a geophysically indicated, large buried highly conductive body known as the Big One Anomaly measuring 1000 x 800 x 300 metres. This target is drill-ready and located in a world class geological setting with excellent potential to host VMS deposits (link to image). In preparation for drilling, 3D inversion modeling and interpretation of the SKYTEMTM survey data was recently completed by an independent geophysics firm. This interpretation and modelling identified a large, buried, highly conductive body that measures 1000 x 800 x 300 metres. Below the main anomaly, the conductive zone remains open to depth. The Big One anomaly is hosted within a sequence of Upper Hazelton Group marine volcanics (pillow lavas) and sediments (marine fossils) that were recently mapped by the British Columbia Geological Survey (Link to map). The Survey concluded that the geologic setting is contemporaneous with the development of the Eskay rift to the west. Therefore, this area is believed to have very strong potential for both Eskay-Creek-style VMS and epithermal mineralization. The northern section of the property underlain by the Quock Formation remains largely unexplored. Rapid glacial and snowpack abatement have exposed extensive areas of bedrock yet to be prospected with excellent additional discovery potential. Big One Anomaly (Link to video)An extensive geophysically indicated buried strong bedrock conductor has been identified approximately 3.5 kilometres north of the Inca Trend, towards the underexplored northern part of the property. The Big One Anomaly is a strongly conductive body measuring 1000 by 800 by 300 metres. The conductive zone comes to within 30 m of the surface remains open to depth. The Big One Anomaly was modeled using a conductivity cut-off o...