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Juggernaut Exploration Commences Exploration on Bingo Property in Golden Triangle, B.C. and Provides Additional 2022 Exploration Plans
VANCOUVER, British Columbia., June 23, 2022 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":" VANCOUVER, British Columbia., June 23, 2022 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report exploration has commenced in preparation for drilling onto the 100% controlled Bingo property. The Bingo property was generated by the J2 Syndicate within the Eskay Rift region of the Golden Triangle. The property is situated within two kilometres of the unconformity between Lower Hazelton and Stuhini Group rocks, also known as the “Red Line” boundary where the vast majority of large deposits have been found in the Golden Triangle. The property has an area of 989 hectares and is located 45 km SSW of Stewart, BC and 28 km W of Kitsault, and only 12 km to tidewater landing and roads in the historic mining town of Anyox, providing for cost effective exploration. Bingo 2016 to 2018 Historical Highlights include: The Bingo Main target is an original discovery that has never been drill tested. The zone contains significant historical gold mineralized grab, chip and channel samples over an area of 420 metres x 320 metres. The zone is open both on surface and to depth and is drill ready. Highlights include: 83% of all the samples taken contained gold mineralization Historical channel cut over 4.85 metres assayed 1.77 gpt Au, and 0.20 % Cu Drill ready Historical channel cut over 3.2 metres assayed 1.48 gpt Au and 0.37 % Cu Drill ready Between 2016 and 2018, 19 chips samples were collected and assayed up to 9.79 gpt Au and 18 grab samples that returned assay values up to 1.22 gpt Au 2022 program includes ground and drone mapping, sampling, ground geophysics and BLEG geochemistry focussed on defining additional drill targets in preparation for drilling. Link to images and maps Exploration Up-Date: Goldstar: 2022 planned drilling is to commence in early July expanding upon the 5 discovery holes drilled in 2021, all of which intersected significant widths of high-grade gold /polymetallic mineralization in quartz-chlorite-sulphide veins on the newly discovered Goldilocks Zone. Drill hole GS-21-05 intersected 10.795 gpt Au (14.31 AuEq) over 5.5 m including 29.2 gpt Au (38.37 AuEq) over 2.0 m. The Goldilocks Zone has been traced on surface for 290 meters with 160 meters vertical relief before being covered by overburden and remains open both along strike and to depth....