Juggernaut Exploration Ltd (TSXV:JUGR) has begun its 2022 diamond drill programme on its 100% controlled Goldstandard property situated along the Central Coast of British Columbia.
The planned drilling is following up on drilling in 2021, Drill hole GSD-21-10 intersected 2.146 gpt Au (2.302 gpt AuEq) over 6.5 m including 3.284 gpt Au (3.498 gpt AuEq) over 4.0 m and 8.210 gpt Au (8.638 gpt AuEq) over 1.0 m.
The Goldzilla Zone has been traced on surface for 800 m with a vertical relief of 300 m and remains open both to the southeast and to depth, only a small fraction has been drill tested (~50 meters along strike).
Drilling is planned to test both down dip and strike of three of the seven extensive high grade polymetallic gold silver veins discovered on surface on the property. Goldzilla, Kraken and Phoenix, only a small portion of the Goldzilla vein has been tested to date which confirmed gold mineralization both along strike and to depth that remains open.
The Gold Standard property comprises multiple extensive shear-hosted orogenic quartz-chlorite-sulphide veins up to 20 m wide and 1000 m long outcropping at surface. Of these veins, only a small section of the Goldzilla has been drill tested to date (60 m of strike and 55 m down dip) leaving the majority of this vein unexplored along strike and at depth. The property is located in a key geologic setting along a regional scale under-explored high strain zone that extends for more than 100 km in a NNW-SSE direction. (2021 Video Link Here).
Kraken and Phoenix vein highlights:
The Kraken Vein is up to 15 m wide and has been traced on surface for 1000 m with 520 m of vertical relief and remains open. Channel samples from 2019 returned grades of 29.48 gpt AuEq over 0.7 m and a 1 m chip taken 305 m along strike grading 6.52 gpt Au.
The Phoenix vein is up to five m wide and can be traced on surface for 200 m with 40 m vertical relief that remains open. A single grab sample from 2019 returned 1.18 gpt Au. (Phoenix Outcrop)
President and CEO, Dan Stuart, said results from the Gold Standard property have confirmed the presence of a strong gold mineralised orogenic system on the Gold Standard property at surface and at depth where veins occur in an en-echelon pattern to the regional north-northwest orientation of the major shear zones.
Juggernaut Exploration’s 100 % controlled Gold Standard property is an original discovery with no previous recorded work in the area and is situated one km north of tidewater along the Central Coast of British Columbia approximately four km from major infrastructure.
“The results from the maiden exploration drilling on Goldstandard in 2021 confirmed gold mineralisation in the subsurface,” Mr Stuart said.
“We look forward to unlocking the full gold potential by drilling Goldstandard in 2022 and beyond. We also look forward to providing news around drilling, exploration and results as the exploration program progresses this summer.
“Juggernaut is in a very unique position, with a tight share structure of just over 43MM shares issued and outstanding and $4 million currently in the treasury including exploration rebates. Juggernaut is fully funded and on track for the rapidly approaching exploration programmes for both 2022 and 2023.”
For further information please visit: https://juggernautexploration.com/
