Property

Exploration Commenced on Bingo Property in Golden Triangle,

VANCOUVER, British Columbia., June 23, 2022 (GLOBE NEWSWIRE) — Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Firm” or “Juggernaut”) is happy to report exploration has commenced in preparation for drilling onto the 100% managed Bingo property. The Bingo property was generated by the J2 Syndicate throughout the Eskay Rift area of the Golden Triangle. The property is located inside two kilometres of the unconformity between Decrease Hazelton and Stuhini Group rocks, also called the “Crimson Line” boundary the place the overwhelming majority of enormous deposits have been discovered within the Golden Triangle. The property has an space of 989 hectares and is positioned 45 km SSW of Stewart, BC and 28 km W of Kitsault, and solely 12 km to tidewater touchdown and roads within the historic mining city of Anyox, offering for price efficient exploration.

  1. Bingo 2016 to 2018 Historic Highlights embody:

The Bingo Fundamental goal is an unique discovery that has by no means been drill examined. The zone comprises vital historic gold mineralized seize, chip and channel samples over an space of 420 metres x 320 metres. The zone is open each on floor and to depth and is drill prepared. Highlights embody:

  • 83% of all of the samples taken contained gold mineralization
  • Historic channel lower over 4.85 metres assayed 1.77 gpt Au, and 0.20 % Cu Drill prepared
  • Historic channel lower over 3.2 metres assayed 1.48 gpt Au and 0.37 % Cu Drill prepared
  • Between 2016 and 2018, 19 chips samples have been collected and assayed as much as 9.79 gpt Au and 18 seize samples that returned assay values as much as 1.22 gpt Au
  • 2022 program consists of floor and drone mapping, sampling, floor geophysics and BLEG geochemistry focussed on defining extra drill targets in preparation for drilling.
  • Hyperlink to photographs and maps
  1. Exploration Up-Date:

Goldstar: 2022 deliberate drilling is to start in early July increasing upon the 5 discovery holes drilled in 2021, all of which intersected vital widths of high-grade gold /polymetallic mineralization in quartz-chlorite-sulphide veins on the newly found Goldilocks Zone. Drill gap GS-21-05 intersected 10.795 gpt Au (14.31 AuEq) over 5.5 m together with 29.2 gpt Au (38.37 AuEq) over 2.0 m. The Goldilocks Zone has been traced on floor for 290 meters with 160 meters vertical aid earlier than being lined by overburden and stays open each alongside strike and to depth. With robust gold mineralization confirmed in all of the drill holes strongly suggests the presence of a big gold system that is still under-explored. The 2022 drilling will deal with testing the Goldilocks Zone on strike for as much as ~300 meters and down dip as much as 400 m.

Goldstandard: 2022 deliberate drilling is to start in early July following up on drilling in 2021, Drill gap GSD-21-10 intersected 2.146 gpt Au (2.302 gpt AuEq) over 6.5 m together with 3.284 gpt Au (3.498 gpt AuEq) over 4.0 m and eight.210 gpt Au (8.638 gpt AuEq) over 1 m. The Goldzilla Zone has been traced on floor for 800 m with a vertical aid of 300 m and stays open each to the southeast and to depth, solely a small fraction has been drill examined (~50 meters alongside strike). Drilling is deliberate to check each down dip and strike of three of the seven intensive excessive grade polymetallic gold silver veins found on floor on the property. Goldzilla, Kraken and Phoenix, solely a small portion of the Goldzilla vein has been examined to this point which confirmed gold mineralization each alongside strike and to depth that is still open.

Midas: Floor exploration is deliberate to start in August centered on sampling and mapping the invention outcrop each alongside and throughout strike in preparation for drilling on the just lately found Kokomo Eskay-style Volcanic Hosted Huge Sulphide (VHMS) goal. The Kokomo outcrop comprises excessive grade gold-silver polymetallic mineralization in semi-massive to large sulphides the place a 1 m chip pattern assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn. This newly found outcrop is positioned 700 m within the headwaters of a drainage the place a Bulk Leach Extractable Gold (BLEG) stream sediment pattern assayed 29 ppb Au, 613 ppb Ag, 137 ppm Cu, 54.4 ppm Pb and 462 ppm Zn. The high-grade polymetallic gold silver mineralization stays open in all instructions the place outcrops of the identical or related lithology lengthen over a number of hundred meters

Statements

Dan Stuart, President and CEO of Juggernaut Exploration, states: “We’re excited to have begun our most expansive and aggressive exploration season at Juggernaut to this point. We’re drilling and exploring 4 100% managed unique discoveries this summer season, all of which have the potential to turn out to be the subsequent large gold discovery in BC. We look ahead to offering information round drilling, exploration and outcomes because the exploration program progresses this summer season. Juggernaut is in a really distinctive place, with a decent share construction of simply over 43MM shares issued and excellent and $4,000,000 presently within the treasury together with exploration rebates. Juggernaut is absolutely funded and on observe for the quickly approaching exploration packages for each 2022 and 2023.”

Certified Individual
Rein Turna P. Geo is the certified individual as outlined by Nationwide Instrument 43-101, for Juggernaut Exploration tasks, and supervised the preparation of, and has reviewed and accepted, the technical data on this launch.

Different
The reader is cautioned that seize samples are spot samples that are sometimes, however not completely, constrained to mineralization. Seize samples are selective in nature and picked up to find out the presence or absence of mineralization and usually are not supposed to be consultant of the fabric sampled. As well as, the reader is cautioned that proximity to identified mineralization doesn’t assure related mineralization will exist on the properties.

For extra data, please contact:
Juggernaut Exploration Ltd.

Dan Stuart
President and Chief Govt Officer
Tel: (604)-559-8028
www.juggernautexploration.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING STATEMENT
Sure disclosure on this launch could represent forward-looking statements which are topic to quite a few dangers and uncertainties regarding Juggernaut’s operations which will trigger future outcomes to vary materially from these expressed or implied by these forward-looking statements, together with its skill to finish the contemplated personal placement. Readers are cautioned to not place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

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