Source: Juggernaut Exploration Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Juggernaut Exploration (JUGR) has intersected two mineralized zones in the first step-out 2022 drill hole on the Goldilocks Discovery
  • The first hole drilled in 2022 (GS-22-06) intersected significant intervals of sulphide mineralization
  • 2022 drilling will focus on testing the Goldilocks Zone on strike for up to 300 metres and down dip up to 400 metres
  • Juggernaut Exploration Ltd (JUGR) is trading steady at $0.165 per share as of 10:15 am ET

Juggernaut Exploration (JUGR) has intersected two mineralized zones in the first step-out 2022 drill hole on the Goldilocks Discovery.

The hole was 120 metres along strike, 90 metres down dip and remains open along strike and to depth.

The 2022 inaugural discovery hole expands upon five discovery holes drilled last year. The first hole drilled in 2022 (GS-22-06) intersected significant intervals of sulphide mineralization including a 5.8 metres mineralized interval from 165.5 metres to 171.3 metres containing stringers and aggregations of pyrite and chalcopyrite (pictured above).

Juggernaut’s President and CEO, Dan Stuart stated that the company hit the zone with the first hole at 165.5 metres downdip confirming the system continues to depth.

“We are drilling and exploring four 100% controlled original discoveries at Goldstandard, Goldstar, Midas, and Bingo this summer, all of which have the potential to become the next big gold discovery in BC. We 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 $4,000,000 currently in the treasury including exploration rebates. Juggernaut is fully funded and on track for the rapidly approaching exploration programs for both 2022 and 2023.”

2022 drilling will focus on testing the Goldilocks Zone on strike for up to 300 metres and down dip up to 400 metres.

Juggernaut Exploration Ltd. (JUGR) is engaged in acquiring, exploring, and evaluating gold properties. It has an interest in the Gold Star, Goldstandard, and Midas properties.

The Gold Star Property is an original discovery with no previous recorded work in the area and is situated 4.5 km east of tidewater along the Central Coast of British Columbia.

Juggernaut Exploration Ltd (JUGR) is trading steady at $0.165 per share as of 10:15 am ET.


More From The Market Herald

" KLIMAT X Developments (TSXV:KLX) closes acquisition

KLIMAT X Development (TSXV:KLX) has closed its acquisition of carbon credit development rights.
Copper Mountain Mining Corporation - President & CEO, Gil Clausen.

" Copper Mountain Mining (TSX:CMMC) reports reserve increase

Copper Mountain Mining Corporation (CMMC) reported an increased MRE with a revised life of mine plan for its Copper Mountain Mine in B.C.

" Rover Metals Corp. (TSXV:ROVR) receives exchange approval for IML critical minerals project acquisition, NT, Canada

Rover Metals (ROVR) has received approval for the Indian Mountain Lake (IML) option-purchase agreement and the included milestone payment.

" Fabled Copper (CSE:FABL) secures underground adits at Muskwa Project

Fabled Copper (FABL) has secured four adit entrances on its Muskwa Copper Project in B.C.