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Juggernaut Exploration Drills 41.34 Meters of Strongly Mineralized Veins and Schist on Its Maiden Drill Program at the Kraken Vein on the Gold Standard Property, BC
VANCOUVER, British Columbia, Aug. 04, 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, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report initial results from the maiden drilling on the Kraken vein at its 100% controlled Gold Standard property located on the central coast of British Columbia. All holes drilled on the Kraken vein to date intersected significant intervals of robust sulphide mineralization in quartz veins and/or quartz-chlorite schist of up to 41.43 m wide (in drill hole GSD-22-20). The mineralized intervals consist of pyrite, pyrrhotite and chalcopyrite occurring as stringers and aggregations within massive quartz veins enveloped by strongly foliated mineralized quartz-chlorite schist. Hole GSD-22-20 is part of a series of 7 holes drilled on the Kraken vein that have tested its extent for 80 m along strike and 130 m downdip and remains open. Kraken has been traced on surface for 1 km with 520 meters of vertical relief and remains open. Kraken vein highlights: All 7 holes drilled on the Kraken vein intersected significant intervals of sulphide mineralization consisting of pyrite, pyrrhotite and minor chalcopyrite stringers and aggregations within massive quartz veins enveloped by strongly foliated quartz-chlorite schist, similar to that seen on surface in channel samples that assayed up to 29.48 gpt AuEq. 2022 inaugural drilling of the Kraken vein has confirmed the strong footprint and the continuity of the mineralized vein for 80 m along strike and 130 m down dip and remains open in all directions. 2022 drilling highlights: Drillhole GSD-22-20 (azimuth 180, dip 50) intersected 41.43 m of robust sulphide mineralization including pyrite, pyrrhotite and chalcopyrite in a massive quartz vein surrounded by strongly foliated quartz-chlorite schist from 43.05 m to 84.40 m. (Figure 1, Figure 2) Drillhole GSD-22-18 (azimuth 151, dip 75) intersected 27.21 m of sulphide mineralization including pyrite and minor pyrrhotite in strongly foliated quartz-chlorite schist containing centimeter-size quartz veins from 49.59 m to 76.80 m. (Figure 3, Figure 4) Drillhole GSD-22-19 (azimuth 109, dip 50) intersected 26.00 m of sulphide mineralization including pyrite and pyrrhotite a massive quartz vein enveloped by foliated quartz-chlorite schist from 80.00 m to 106.00 m. (Figure 5, Figure 6) Dril...