- Juggernaut Exploration Ltd (JUGR) has received results from the maiden drilling at its Gold Standard Project in British Columbia
- All holes drilled on the Kraken and Goldzilla vein intersected sulphide mineralization
- New data suggest these veins indicate a large gold system at depth
- The Goldzilla vein total strike extent increased to 870 metres
- Juggernaut Exploration Ltd (JUGR) is up 18.75 per cent trading at $0.19 per share as of 1:20 p.m. ET
Juggernaut Exploration (JUGR) has received results from the maiden drilling at its Gold Standard Project in British Columbia.
To date, all holes drilled on the Kraken veinintersected significant intervals of hardy sulphide mineralization. The company’s 2022 exploration drilling was designed to test a small section of the 1000-metre-long Kraken Vein, where channels samples returned grades of up to 29.48 grams of gold equivalent per tonne over a 0.7-metre area.
“Initial observations of the mineralized core over broad widths in multiple holes all of which hit the target zones at depth and along strike on Kraken, Phoenix and Goldzilla indicates a large orogenic gold mineralizing system at depth,” Dan Stuart, President and CEO of Juggernaut, said.
The company stated hole GSD-22-20, which is part of a seven-hole series drilled on the Kraken vein, tested its extent for 80 metres along strike and 130 metres downdip and remains open.
Future drilling plans to test the Kraken, Goldzilla and Phoenix veins along strike and down-dip and test the nearby Leviathan vein and East vein with another maiden drill program.
According to Juggernaut, all holes drilled to date on the Goldzilla vein intersected sulphide mineralization and confirmed that the mineralization is most prominent in a southeast direction from the Goldzilla Hinge Zone. The total strike extent of the vein increased to 870 metres.
“The core observed this season has far exceeded our expectations with mineralization and textures very similar to what has been seen in high-grade channels and drill core samples from past seasons,” Stuart said.
Juggernaut Exploration Ltd (JUGR) is up 18.75 per cent trading at $0.19 per share as of 1:20 p.m. ET.