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Juggernaut Exploration Results Confirm VHMS Drill Targets on Midas – Expands Claim Block
VANCOUVER, British Columbia, Dec. 13, 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, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce results from the 2022 filed program on the Midas, Gold Standard and Gold Star properties. 2022 MIDAS EXPLORATION PROGRAM Eskay-style VHMS Target (Kokomo showing) highlights: Elight (8) Bulk Leach Extractable Gold (BLEG) samples returned high-grade gold ranging from 24.31 ppb Au to 107.35 ppb Au within a 650 meters by 200 meters area located immediately to the southeast draining the Kokomo showing and surrounding area along strike. (Midas - Alteration and BLEG). Multiple high-grade gold grab, chips and channel samples including Kokomo showing where a 1 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn. Relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly extends under the Kokomo showing for 120 meters by 150 meters and remains open to the South and East on trend conducive for semi-massive to massive sulphides. (3D Inversion IP Model Map). Alteration zones extracted from Worldview 3 satellite spectral data show a strong silica, iron and phyllic alteration (quartz-sericite-pyrite) signature coinciding with the Kokomo showing and the area immediately to the south where high-grade BLEGs were collected, further indicating the presence of a mineralized VHMS system at depth. (Midas - Alteration and BLEG). Regional and local geology highly prospective for VHMS deposits including the presence of a rhyolitic tuff with strong phyllic alteration (quartz-sericite-pyrite) from the Mt Attree volcanics which are Mississipian in age. Mississipian age rocks are known to host the majority of significant VHMS deposits. (Midas - VHMS Mineralization Potential). Widespread Zn signature with secondary Au, Ag, Pb, Cu and trace element signature (elevated Au, Te, As, Sb, Bi, Cd, Hg, Ba). (Midas Geochemistry). Midas is within a world class geologic setting with strong potential for Eskay-style VHMS mineralization Eight (8) Bulk Leach Extractable Gold (BLEG) samples collected during the 2022 exploration program on Midas returned significant gold values from 24.31 ppb Au to 107.35 ppb Au within an area measuring 650 meters by 200 meters located immediately southeast of the Kokomo showing (see (Midas - Alteration and BLEG). and Ta...