Discovery: Juggernaut extends Eskay-style VHMS discovery to 700 meters

Juggernaut Exploration Ltd (JUGR.V; OTCQB: JUGRF; FSE: 4JE) has encountered a horizon of strong sulphide mineralization in holes from all six drill stations drilled this now completed season on the Midas property in the Golden Triangle, consistent with mineralization subsequently observed in the vicinity of a Voclanogenic Hosted Massive (VHMS) system. Sulphide) of the Eskay type is observed.

The drilling covers a total strike length of approximately 700 metres. In particular, Juggernaut geologists believe they have discovered a new mineralized trend at approximately 145 metres depth consisting of significant sulphide mineralization with an average width of 10 metres. This horizon extends 450 metres from the Kokomo showing to the south. A second part of the mineralized horizon, splitting off from the main trend, extends 200 metres to the southeast. Visually, the core intercepts are comparable to the Kokomo surface chip samples (9,343 gpt Au, 117 gpt Ag, 1.58% Cu and 1.77% Zn), with laboratory assays pending. The now completed 2024 drill program has thus defined the most extensive mineralization observed to date on the Midas property.

Figure 1: Overview of drilling from the now completed 2024 drilling season at the Midas Project. The system remains open along strike and at depth and offers excellent additional discovery opportunities.

Dan Stuart, President and CEO of Juggernaut Exploration, stated, “The extent and geometry of this newly discovered high-grade mineralization trend has exceeded the team’s expectations and we look forward to expanding this trend with additional drilling and geophysics in 2025.” We look forward to the announcement of assay results in the near future.”

Figure 2: Midas 2024 drilling highlights

The 2024 drilling program was completed with 2,738 m in 13 holes from 6 drill pads. All results are currently pending. The Company plans to conduct a geophysical survey to determine the extent and geometry of the newly discovered Eskay-style VHMS mineralized zone and additional targets not yet known for 2025.

The drill results, combined with results from last year, indicate an extensive north-south gold, copper and zinc mineralized trend that remains open. The gold and base metal component increases significantly towards the Kokomo showing, which is a strong indication of proximity to the core of a VHMS deposit.

Conclusion: Juggernaut is only exploring on a small fraction of its 20,803 hectare Midas property, 24 km southeast of Terrace, British Columbia. The fresh drill cores from Midas clearly indicate the potential of a new VHMS discovery in the style of Eskay. It is understandable that Juggernaut CEO Dan Stuart is impatiently waiting for the analysis of the drill cores in the laboratory. Juggernaut can already rightly speak of a discovery.

Get the most important raw material news directly in your inbox!
Follow Goldinvest.de on X (Twitter)!

Risk notice: The content of www.goldinvest.de and all other information platforms of GOLDINVEST Consulting GmbH is intended solely to inform readers and does not constitute any kind of call to action. Neither explicitly nor implicitly should they be understood as a guarantee of any price developments. Furthermore, they do not in any way replace individual, expert investment advice; rather, they represent advertising/journalistic texts. Readers who make investment decisions or carry out transactions based on the information provided here do so entirely at their own risk. The purchase of securities entails high risks that can lead to the total loss of the invested capital. GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the guarantee that the articles provided here are up to date, correct, appropriate and complete. Please also note our terms of use.

According to Section 34 of the German Securities Trading Act (WpHG), we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH hold shares in some of the companies mentioned and therefore a conflict of interest exists. We also cannot rule out that other stock market letters, media or research firms discuss the values ​​discussed by us in the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between some of the companies mentioned and GOLDINVEST Consulting GmbH, directly or indirectly, which also means or may mean a conflict of interest.