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Juggernaut Exploration Ltd.: J2 Syndicate Discovers New Limestone Hosted Gold Zone on Bullion Property
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, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (JUGR.V) (the “Company” or “Juggernaut”) is pleased to announce it has expanded its land package with the discovery of a broad zone of gold mineralization hosted in limestone. This new gold zone is referred to as the Legal Tender (LT) Zone and remains open along strike on the Bullion Property. The property is 100 % owned by the J2 syndicate, a private precious metal project generator, in British Columbia where Juggernaut has right of first refusal on the Bullion Property subject to its fulfilment of the exploration commitment in an agreement with the J2 Syndicate. Highlights Include: Discovery of the Legal Tender Zone: a highly silicified and extensive altered limestone horizon, where a sixteen-meter chip sample returned 0.33 grams per tonne gold (including 0.63 grams per tonne gold over 4 meters), that started and ended in mineralization (link to image). Newly discovered gold mineralization was discovered in areas of recent glacial and snowpack abatement providing for extensive areas of newly exposed bedrock with additional strong gold potential (link to image). The structurally altered limestone horizon has been recognized for 3.5 km along strike and the gold mineralized zone remains open. 13 km south of the Golden Bear Mine and is hosted in similar structurally-controlled silicified limestones (MINFILE), providing the LT Zone with a strong geologic model. The Bullion property is located only 10 km from the Golden Bear mine access road, providing close proximity to infrastructure and access to Telegraph Creek (link to image). Claims were expanded from 1660 to 2686 hectares to cover the full extent of a gold bearing silicified limestone (link to map). Geological mapping, channel sampling, ground geophysics, LIDAR, and an alteration study is strongly recommended to outline the full extent of mineralization on the property and delineate drill targets. The Bullion Property (2886 ha) is located approximately 70 kilometers northwest of Telegraph Creek, and is situated 13 kilometers south of the Golden Bear Mine. Th...