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Juggernaut Exploration Mobilizes for Drilling on Midas, Empire and Bingo Properties in Golden Triangle, B.C.
VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is p
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report early mobilization for the 2023 drilling season on its 100% controlled Midas, Empire and Bingo properties. The Company has a total of ~6,500 meters of drilling planned on the three properties in world class geologic terrane with multiple maiden drilling targets all with strong discovery potential. Dr. Quinton Hennigh, Special Technical Advisor to the Company and technical consultant for all Crescat Capital gold and silver mining investments stated, \"We are delighted to see Juggernaut move toward drilling at Midas and Empire. Given the nature of the targets, potentially high grade and large, and the recent positive trend in the commodity space, Juggernaut is set to be one of the most exciting exploration stories in BC this year. Having reviewed the drill plans, I am quite confident that they could make two notable discoveries this season.\" (Link to Crescat 19.70% News Release from May 12, 2023) BINGO PROPERTY 100% CONTROLLED – FULLY PERMITTED AND DRILL READY The Bingo Main Zone is a drill ready zone containing gold mineralized grab, chip and channel samples along the axial plane of a fold hinge over an area of 550 meters x 175 meters in a region of recent glacial retreat and permanent snowpack abatement located within the Eskay Rift region of the Golden Triangle, British Columbia. High-grade gold from surface grab samples assayed up to 9.79 gpt Au. Channel samples assayed up to 1.77 gpt Au and 0.20 % Cu over 4.85 meters and 1.48 gpt Au and 0.37 % Cu over 3.2 meters, respectively. A second sister hinge zone has been identified approximately 1 km to the north (named the “Double Down” hinge zone) as strongly indicated by both lidar and geophysics that will be tested in 2023. The Bingo property has strong similarities to Goliath Resources’ Surebet Project located further to the east, including same mineralogy, lithology, textures and structures. The 2023 field program on the 100% controlled Bingo property consists of up to ~1800 m of drilling from 4 drill pads within the Bingo Main zone. Drilling on the Bingo Main Zone is anticipated to start in August 2023. Additional surface exploration work will be undertaken to better understand the folded system at pla...