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Juggernaut Announces Commencement of Inaugural Drill Campaign on Empire Property

Juggernaut Exploration Ltd. announced it has commenced diamond drilling and IP programs on its Empire property, 40 km northeast of Terrace British Columbia.

Juggernaut Program Highlights:

  • Inaugural drill program is underway on Empire at the MaxMin zone
     
  • 2018 IP survey at Big One identifies noteworthy chargeability anomaly in the subsurface coincident with the airborne EM anomaly
     
  • New Jay-Bear zoned discovered on Empire that is located on regional northwest trending geophysically indicated structure
     
  • Diamond drilling will begin August 7th on Midas

MaxMin and Metalworks Zone Exploration Update

The drill program will begin on the MaxMin Zone which measures 170 m by 100 m and remains open in all directions, including to depth. Channel highlights from MaxMin include 4.8 gpt Au, 0.26 % Cu, 3.73 % Zn, 4.85 % Pb over 4.6 m that ended in mineralization.

The Empire inaugural drill program will concentrate on targeting the extensive gold and polymetallic mineralized zones along the 5.5 km Inca Trend. The mineralization and alteration at MaxMin and Metalworks at the northern end of the Inca Trend, strongly specifies the presence of a polymetallic feeder system at depth. In the direction of the southern end on the Inca Trend, at Rockstar, the mineralization and alteration are more representative of a volcanic massive sulfide mineralizing system; the same can also be said for the Big One zone to the north.

Big One Exploration Update

The Big One target is a robustly conductive, subsurface tabular body matching with a VMS target. The 2018 ground IP program just finished on the Big One target also identified a noteworthy chargeability anomaly in the subsurface that is equivalent with the 2017 SkyTem survey EM anomaly. Drill collars and pads are being sited and erected in preparation for drilling this VMS target in the near future.

Rockstar Zone Update

Mapping, prospecting, IP, and channel sampling continues over an area of 1.5 km by 550 m, and many new areas comprising mineralization have been discovered in 2018. Drill collars and pads are being sited and erected as groundwork for testing the mineralization to depth and along strike.

Newly Discovered J-Bear Zone on Empire Property

Preliminary prospecting on Empire has already resulted in the detection of the new J-Bear Zone in an area of receding snowpack and ice. The J-Bear Zone was discovered along a regional northwest trending magnetic high. Grab and channel samples from this zone contained huge chalcopyrite and bornite and were collected over an area of approximately 150 m by 20 m. The J-Bear Zone stays open and the area will be mapped and prospected as the snow and ice continue to melt away. Assays results are anticipated.

Midas Property Exploration Update

The Midas property is situated in a world class geologic setting and comprises the King Solomon zone, a 2.1 by 1.6 km region that is defined by extensive bedrock-hosted, polymetallic and gold mineralized channel, chip and grab samples. The extensive gold and polymetallic mineralized showings, anomalous soil geochemistry and widespread alteration suggest the King Solomon Zone may be the surface expression of a major hydrothermal system.

Juggernaut plans to commence its inaugural drill program on Midas with a second drill rig set to begin within a week. Drilling will target a number of zones of bedrock polymetallic and gold mineralization on the King Solomon Zone that comprises channel cuts of up to 4.43 m of 10.28 g per ton gold.

Mr. Dan Stuart, Director, President and CEO of Juggernaut states:

“We look forward to reporting drill results from these exciting new discoveries from both the Empire and Midas properties with much anticipation.”

Qualified Person

Stefan Kruse, Ph.D., P. Geo., Chief Geologist, is the qualified person as defined by National Instrument 43- 101, for Juggernaut Exploration projects, and oversaw the preparation of, and has reviewed and approved, the technical information in this release.

Other

All rock, channel and talus fine samples were crushed and pulverized at ALS Canada Ltd.’s lab in Terrace, BC or in Reno Nevada. ALS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were examined for gold by fire assay in Reno, Nevada or in Vancouver, BC. The pulps were also assayed using multi-element aqua regia digestion at ALS Canada Ltd.’s lab in Vancouver, BC. The silt samples were sieved and assayed at ALS Canada Ltd.’s lab in Vancouver, BC.

The coarse reject portions of the rock, channel and talus fine samples, as well as the pulps, were transported to J2 Syndicate’s storage facility in Terrace, BC. The silt samples were disposed of post analysis. All samples were examined using ALS Canada Ltd.’s assay procedure ME-ICP41, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the Au-AA24 lead-collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish.

Any results more than 100 ppm for silver or 10,000 ppm copper, lead, and zinc were further assayed using ALS’s OG46 technique particular to each element. This technique used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of more than 10 ppm Au were assayed by the Au-GRA22 method which includes a fire-assay fusion process with a gravimetric finish. Blanks and duplicates QA/QC samples were inserted into channels sample laboratory batches. Moreover, and 10% sub-sample of pulp and reject material was shipped to Activation Laboratories in Ancaster Ontario, for check-analysis.

The reader is notified that grab samples are spot samples which are normally, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to establish the presence or absence of mineralization and are not intended to be illustrative of the material sampled.

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