Juggernaut Exploration reports high grade gold mineralization at its Midas property

Vancouver-based Juggernaut Exploration (JUGR.V; OTCQB: JUGRF) reported strong gold values, as well as sulphide mineralization, as part of its 2024 drill campaign at its Midas property located in the prolific Golden Triangle region of British Columbia.

The company reported results from its Kokomo volcanogenic hosted massive sulphide (VHMS) target. Drilling teams found that drill hole MD-24-47 intercepted 8.27% g/t gold equivalent (6.21% g/t gold, 99.63% g/t silver, 0.42 copper, and 1.08 zinc) over 11.03 metres and remains open to depth and to the north.

Juggernaut Exploration reported that the “strong gold values,” as well as sulphide mineralization discovered, is consistent with results found in proximity to an Eskay-style VHMS system. The exploration company stated these “strong gold values” and sulphide mineralization are strongly reminiscent of the surface samples collected at Kokomo which assayed up to 9.343% g/t gold, 117% g/t silver, 1.58 copper and 1.77 zinc. 

The 2024 drill results in combination with results from previous years confirm an extensive north-south gold-copper-zinc rich mineralized trend that remains open to the north and to depth extending for 550 metres on strike with a large “relatively shallow” 100 to 200 metre induced polarization (IP) chargeability and resistivity anomaly.

The Midas property 20,803 ha and is located 24 km southeast of Terrace, British Columbia. The property is located near logging access roads, power, railway, and major infrastructure. The property is in an area of recent glacial abatement and permanent snowpack recession at the southern end of the Golden Triangle, British Columbia. The host rock to the Kokomo showing has been mapped by Juggernaut former senior geologist S. Roach as well as the British Columbia Geological Survey as a rhyolitic tuff with strong phyllic alteration (quartz-sericite-pyrite) from the Mt Attree volcanics, a unit highly prospective for VHMS deposits.

More information on this project or the company is posted on www.JuggernautExploration.com.