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Juggernaut Options to Earn 100% Interest in Gold Standard Property From the DSM Syndicate
VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE:4JE) (the “Company” or “Juggernaut”
About this update from Juggernaut Exploration Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE:4JE) (the “Company” or “Juggernaut”) is pleased to report it has entered into an agreement subject to TSX approval, to earn a 100% interest in the Gold Standard property containing 3961 hectares located in West Central BC in close proximity to infrastructure. The property contains the newly identified deposit target Goldzilla hinge zone, the Hinge measures up to 20 meters wide and can be traced for 100m along strike, contains broad high-grade gold mineralization and is drill ready. The hinge zone is part of the large-scale Goldzilla orogenic vein system that has been traced for 800 metres with a vertical relief of 300 metres and remains open to the south east. Channel cut grades on the hinge zone assayed up to 5.86 grams per ton (g/t) gold and 6.00 g/t AuEq (gold equivalent) over 12 metres including 5 metres of 13.03 g/t AuEq and 1 metre of 31.66 g/t AuEq true width. Approximately 67% of Canadian gold production comes from this world class geologic setting (Link to Video) GOLDZILLA HINGE ZONE Detailed mapping and surface sampling, identified a 100m by up to 20m wide deposit scale hinge zone containing high grade gold mineralization of up to 6.00 g/t AuEq over 12m including 5m of 13.03 g/t AuEq and 1m of 31.66 AuEq (schematic of hinge zone). This hinge zone is part of the large scale Goldzilla orogenic system that is traced on surface for 800m with 300m of vertical relief and remains open (hinge zone Image) The Goldzilla hinge zone target is drill ready, the planned inaugural drill program will target the gold mineralization discovered at surface and trace it to depth. Drilling will be designed to unlock the full potential of this high-grade deposit scale orogenic vein system and to understand the relationship between multiple other large en-echelon gold bearing veins at depth. OTHER OROGENIC VEINS ON GOLD STANDARD: Several other deposit target en-echelon gold bearing orogenic veins have been found within the Big Show high strain zone that has been expanded in 2019 from 2km by 1km, to 4.5km by 1.5km, containing multiple large en-echelon gold bearing mineralized quartz veins and shear zones. Exploration has further confirmed the extent of gold mineralization within multiple quartz veins and shear zones, wit...