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Juggernaut Exploration Ltd.
Summary
| Project: | Midas | |
|---|---|---|
| Deposit: | Midas | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2018: Juggernaut Exploration Ltd. announces an Exploration/Drilling Update report for its Midas deposit at the Midas project. Drilling results incl. 35.35m @ 0.21g/t Au, 1.77g/t Ag, 0.08% Cu, 0.015% Pb, 0.32% Zn from 1.50m. Vancouver, British Columbi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen Roach (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – October 9th, 2018 – Juggernaut Exploration Ltd. (JUGR.V) (the “Company” or “Juggernaut”) is pleased to report that exploratory, drilling on the 100% controlled Midas property has confirmed widespread near surface polymetallic gold mineralization in multiple drill holes targeting newly discovered zones. The drilling confirmed mineralization seen at surface continues to depth and remains open, both along strike and to depth. The most significant gold mineralization confirmed to date was in drill hole MD-18-16, returning assays of 0.56 g/t AuEq over 35.35 meters (Table 1). The assay results of the upper 42.0 meters of this drill hole were completed by rush assay, and the remaining results from drill hole MD-18-16, which terminated at 269 meters, are pending. Recently completed high resolution ground IP and MT data also shows strong, large, well-defined geophysical anomalies at depth, below the mineralized intercepts confirmed with the 2018 shallow drilling. All this data combined provides very compelling evidence of a large gold mineralizing system at depth. These large well-defined anomalies remain to be drilled and provide excellent sub-surface targets with strong gold potential. Future drill campaigns will focus on testing these anomalies and extending the known mineralization to depth/down-plunge, and along strike. | |
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