Juggeranut Drills 1.37 g/t Au and 0.51% Cu (2.18 g/t AuEq) Over 15.4 Metres on Rockstar

World News: . []

VANCOUVER, British Columbia, Jan. 14, 2019 (GLOBE NEWSWIRE) -- theoris pleased to report assays from the inaugural exploratory drill program on the 100 % controlled Empire Property, where diamond drill hole EM-18-08 drilled perpendicular to strike and intersected 1.37 g/t Au and 0.51 % Cu (2.18 g/t AuEq) over 15.4 m. It is estimated to be ~80% of true thickness and remains open both to depth along strike in both directions.

Widespread exploratory drilling at Rockstar did not explain the source of the extensive gold and polymetallic mineralization on surface, with the exception of gold-copper intercept in drill hole EM-18-08.  This intercept, in conjunction with mineralization in hole MD-18-06 and MD-18-09, correlates well with the IP chargeability anomaly at this location. The anomaly broadens at depth in both directions and remains to be drill tested. Multiple other strong IP anomalies, within the one kilometre by two hundred metre survey area, at Rockstar also remain untested. Additional drilling is required to outline the full extent of this newly discovered gold and polymetallic zone that remains open both to depth and along strike in both directions.

The discovery of multiple showings and widespread mineralized bedrock outcrops in 2018 that returned grades up to 350 g/t Au (10.23 oz/t), 8090 g/t Ag (236 oz/t), 20.9 % Cu, 10.25 % Pb, and 26.1 % Zn confirms the presence of a high-grade gold and polymetallic mineralizing system on the Empire Property (). Compilation of the data sets, including LiDAR, SkyTEM, ground IP, and airborne magnetic surveys, geological mapping, alteration studies, and chip/grab/channel sample assay data, can be utilized to vector into the source of the high-grade gold and polymetallic mineralization seen on the Empire Property, in order to focus on future drilling.

*AuEq metal values were calculated using: Au $126.51/oz, Ag $14.675/oz, Cu $2.6903/lb, Pb $0.8963/lb, Zn $1.1499/lb    

Drilling at the Big One Zone intersected a stratigraphic section, which confirmed the potential for the right geological setting for volcanic hosted massive sulphides (VHMS). However, it did not return significant assay values in the two exploratory holes, which targeted a large sub-surface geophysical anomaly.

Stephen Roach P. Geo is the qualified person as defined by National Instrument 43- 101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

All samples were crushed and pulverized at Activation Laboratories Ltd.’s (Actlabs) ISO 17025 accredited geochemistry lab in Kamloops, BC. Rock and drill core samples are crushed, split and pulverized to 250 g pulp, 150 mesh. The sample pulps were analyzed for gold by fire assay as per ActLabs (Code 1A2-50) Fire Assay AA (QOP AA-Au) method and were also assayed using multi-element aqua regia digestion.  All samples were analyzed using ActLabs assay procedure Code UT-1M, an aqua regia (partial) digestion with inductively-coupled plasma mass spectrometry (ICP-MS) finish for 36 elements. Over-limit samples were reanalyzed by fire assay with a gravimetric finish (code 1A3-50). Rigorous procedures are in place regarding sample collection, chain of custody and data entry. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

Juggernaut Exploration Ltd.President and Chief Executive OfficerTel: (778) 223-0293Website:

More news and information about Juggernaut Exploration Ltd

Published By:

Globe Newswire: 12:45 GMT Monday 14th January 2019

Published: .

Search for other references to "juggeranut" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us