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Juggernaut Exploration Drills Significant Sulphide Mineralization on the Goldilocks Vein on Goldstar, BC and Provides Exploration Update on Bingo and Midas
VANCOUVER, British Columbia, Aug. 17, 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. 17, 2022 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce the company has completed the drill program on the Gold Star property, where drill hole GS-22-06 intersected sulphide mineralization in a shear-hosted quartz vein over 5.8 m, and was successful in expanding the footprint of the Goldilocks zone by 120 m along strike to a total of 410 m with 160 m of vertical relief and 90 m down-dip. GOLD STAR DRILLING Drill hole GS-22-06 on the Goldilocks discovery intersected significant intervals of sulphide mineralization including a 5.8 m mineralized interval from 165.5 m to 171.3 m containing stringers and aggregations of pyrite and chalcopyrite (Photo 1) and a 20 cm vein with chalcopyrite at 138 m (Photo 2). The mineralized intervals consist of sulphides occurring within shear-hosted massive quartz veins surrounded by strongly foliated quartz-chlorite schist hosted in a sequence of alternating granodiorite and andesite units. (Photo 3) The 2022 drill program successfully extended the footprint of the Goldilocks zone by 120 m along strike to a total of 410 m with 160 m of vertical relief and 90 meters of down-dip extent. The most significant drill intercept (5.8 m of stringers and aggregations of sulphides within shear-hosted quartz veins) observed in hole GS-22-06 drilled towards the East-Northeast suggests that the system is most prominent in that direction. Mineralized intervals drilled during the 2022 drill campaign contain the same style of textures and mineralization as hole GS-22-05 reported in 2021 that 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 Gold Star Property is an original discovery with no previous recorded work in the area and is situated 4.5 km east of tidewater along the Central Coast of British Columbia approximately 5.5 km from logging access roads, which provides for good access to infrastructure. The Gold Star property is located in a key geologic setting along a regional scale and under-explored high-strain zone that contains a series of newly discovered gold mineralized quartz-chlorite-sulphide veins up to 10 m wide (See Video). Extensive regions of snow-pack abatement and glacial recession along the regional high-strain zone provid...