Business
Juggernaut Exploration Samples up to 59 g/t Gold Equivalent at Empire Property
VANCOUVER, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V:JUGR.V) (the “Company” or “Juggernaut”) is pleased to report i
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 29, 2017 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V:JUGR.V) (the “Company” or “Juggernaut”) is pleased to report initial channel and chip samples containing polymetallic mineralization on its new Max Min and existing Metalworks, Metallica and Olympus discoveries, located on the Empire property, 40 km northeast of Terrace British Columbia. A highlight of the 2017 program was the discovery of the Max Min zone. The best channel sample from the Max Min contained 11.15 grams per tonne gold equivalent over 4.6 meters (including 4.8 grams per tonne gold, 0.26 % copper, 3.73 % zinc, and 4.85 % lead). The channel started and finished in mineralization due to snow cover and mineralization remains open. Gold, copper, lead and zinc mineralized samples in outcrop define a zone 170 by 100 metres in size which open in all directions and to depth. The gold and polymetallic mineralization confirmed at the Max Min, Metalworks, Metallic, Rockstar and Olympus targets, coupled with the widespread porphyry dykes and extensive potassic and propylitic alteration (link to images) within the 5.5 km Inca Trend are consistent with porphyry-style mineralization on the Empire Property. The extension of the Inca Trend to 5.5 kilometres during the 2017 program resulted from multiple new polymetallic discoveries in just over a month of field work. Based on the positive 2017 results, the company has expanded the claims block from 9852 hectares to 14,552 hectares. 2017 Highlights Include: Max Min Channel sample containing 11.15 grams per tonne gold equivalent including 4.8 grams per tonne gold, 0.26 % copper, 3.73 % zinc, and 4.85 % lead over 4.6 metres. The channel cut started and ended in mineralization due to snow cover and the zone remains open-ended. Chip sample containing 59.02 grams per tonne gold equivalent including 47.20 grams per tonne gold, 0.02 % copper, 5.39 % zinc, and 12.3 % lead over 2.0 metres. Gold and polymetallic mineralized samples with potassic alteration over a zone measuring 170 by 100 m and open in all directions. The Max Min zone is a drill ready target. Metalworks Chip samples containing 16.8 grams per tonne gold equivalent including 2.64 gram per tonne gold, 277 gram per tonne silver, 0.04 % copper, 3.88 % zinc, and 11.95 % lead over 5 m. True thickness of this zone is not known. The...