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2023 DRILLING HIGHLIGHTS:
Broad sulphide-rich intervals consisting of considerable chalcopyrite and pyrrhotite in stockwork and semi-massive aggregates have been intersected in multiple drill holescollared from the
Bingo Main Zone .MAP WITH HIGHLIGHTED DRILL HOLESDrill hole BI-23-04 intersected an 8.19 meter interval of strong sulphide mineralization between 42.18 meters and 50.37 meters.BI-23-04 PHOTO
Drill hole BI-23-01 intersected a 6.89 meter interval of strong sulphide mineralization between 24.39 meters and 31.28 meters.BI-23-01 PHOTO
Drill hole BI-23-02 intersected a 6.78 meter interval of strong sulphide mineralization between 25.95 meters and 32.73 meters.BI-23-02 PHOTO
The mineralized horizon consists of semi-massive to stockwork chalcopyrite (up to 10 %) and pyrrhotite (up to 10 %) part of a shear hosted vein within a strongly altered diorite unit that remains open to the north.
The mineralized shear zone is parallel to the axial plane of a fold identified in the magnetic signature of the
Bingo Main Zone . Recently, a new fold located 1 kilometer to the north of theBingo Main Zone named theDouble Down Hinge Zone has been mapped and is being prepared for drilling in 2024.DOUBLE DOWN MAPThe Company has completed 7 drill holes for the 2023 season totaling 1017 meters.
Assay results for the drill holes will be released once received compiled and interpreted.
MAP WITH HIGHLIGHTED DRILL HOLES
Three holes collared from the northern part of the
Drilling on the
The Bingo property has an area of 989 hectares and is located 45 km SSW of
Highlights from the high-grade gold Bingo property:
The
Bingo Main zone is 550 meters by 175 meters in size and remains open with high-grade gold samples locatedalong the axial plane of a fold hinge that assayed up to 9.79 gpt Au.An additional hinge zone named the
Double Down Hinge Zone with similar characteristics is located 1 km to the north.Bingo is located in the Eskay Rift in an evolving gold district in a world-class geologic setting within
the Golden Triangle ofBritish Columbia , host to several multi-million ounce gold deposits.Bingo contains the same world-class geological units as Goliath Resource's Surebet discovery next door, including Hazelton Volcanics and related sediments and intrusives.
Gold mineralization in outcrop, stream sediment geochemistry, ground magnetic survey, soil sampling and other lines of evidence confirm strong gold-mineralization on the property.
Mineralization is characterized by pyrite, chalcopyrite, galena and pyrrhotite.
Gold-rich fluids intruded and altered the host rock indicating a shear zone.
The Bingo property is surrounded by a number of known deposits, including Anyox, Surebet ,
Dolly Varden , Porter Idaho, Premier, and more.Infrastructure includes direct access to tide water in close proximity to roads and high-tension power.
Qualified Person
Other
Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area, and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit. Drill holes were planned using Leapfrog Geo and QGIS software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%
Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.
All samples, including core, rock grabs, channels, and talus samples, are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS labs facilities in
Some of the reported data is historical in nature and is a compilation of third-party data from previous operators. The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled. In addition, the reader is cautioned that proximity to known mineralization does not guarantee similar mineralization will exist on the properties.
For more information, please contact:
President and Chief Executive Officer
Tel: (604)-559-8028
www.juggernautexploration.com
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FORWARD LOOKING STATEMENT
Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.
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