Business
Juggernaut Exploration Ltd. Reports Expansion of the Discovery Zone at DSM GoldCrest Property; Chip Samples Up to 56.1 Grams Per Tonne Gold (1.64 oz/t Au) Over 1 Meter
VANCOUVER, British Columbia, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (JUGR.V) (the “Company” or “Juggernaut”) is pleased to report channel
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (JUGR.V) (the “Company” or “Juggernaut”) is pleased to report channel, chip, and grab sample assay results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over 1 meter from the Cadillac Trend on the GoldCrest Property. The Cadillac Trend has been expanded to 850m x 190m, and remains open in all directions. The GoldCrest Property is located ten kilometres northeast of Bella Coola, British Columbia and is 100% owned by the DSM Syndicate, a private precious metals project generator in British Columbia that holds a total of six properties to date, of which Juggernaut Exploration Ltd. owns a 20% interest. 2018 Highlights Include: Extensive new gold in bedrock discovery in area of recent snowpack and glacial abatement with no historic work recorded in the area (link to video). The Cadillac Trend is a large gossanous zone that was expanded to 850m by 190m, (link to image) and is defined by samples containing gold and silver mineralization. The zone remains open in all directions. The large alteration footprint of the Cadillac Trend shows consistent elevated Au-Ag values, which may indicate the presence of a large mineralizing system at depth.— Chip samples assayed up to 56.10 g/t Au, 124.00 g/t Ag, and 57.58 g/t AuEq from 1 metre chip (link to image)— The majority of the GoldCrest Property remains unexplored, including multiple gossans identified in 2018, which remains to be sampled, providing for additional strong gold potential. The GoldCrest property was generated and staked by the DSM Syndicate in 2017, following positive results from a brief reconnaissance exploration program. A limited follow-up program in 2018 was carried out to systematically prospect the other unexplored regions of the claim block and expand on the 2017 mineralized zones. During the brief field program, a total of 55 samples (21 channels, 20 chips, and 14 grabs) were collected from the Cadillac Trend with highlights including a 1 metre chip that assayed 56.1 g/t Au and 124 g/t Ag. This resulted in the expansion of the Cadillac Trend from 750m x 100m to 850m x 190m, and it remains open. A brief reconnaissance prospecting program surrounding the Cadillac Trend discovered numerous quartz veins 500 m north and up to 1500 m south that are up to 1.5 me...