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Juggernaut Discovers Extensive New Zone of Gold and Polymetallic Mineralization on Empire, Over a Region Measuring 1 Kilometre by 530 Metres Remains Open; Cuts 4.17 Grams Per Tonne Gold Equivalent Over 6.02 Metres From Rockstar

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VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Juggernaut Exploration Ltd. (TSXV:JUGR) (the "Company" or "Juggernaut") is pleased to report initial channel and chip sample assay results containing polymetallic mineralization on its new Rockstar and Material Metal discoveries and its existing Babylon discovery located on the Empire property, 40 km northeast of Terrace British Columbia.

A highlight of the 2017 Empire program was the discovery of the Rockstar zone (link to map). A channel cut in the Rockstar zone contained 4.17 grams per tonne gold equivalent over 6.02 metres including 1.53 grams per tonne gold, 1.38 % copper, 0.23 % zinc, and 0.13 % lead. This channel started and ended in mineralization due to the limited rock exposure from heavy snowfall. Thus, mineralization in this channel remains open. A 1 metre chip sample on Rockstar contained 33.99 grams per tonne gold equivalent including 21.7 grams per tonne gold, 0.94 % copper, 3.42 % zinc, and 11.55 % lead. Gold and copper mineralization was discovered in 100 % of the 25.77 metres of channel cuts made at Rockstar and in 92 % of the chip and outcrop grab samples. Extensive propylitic and potassic alteration along the Inca Trend is similar to that seen at Rockstar zone consistent with porphyry-style mineralization.

Rockstar Highlights include:

  • The presence of extensive bedrock polymetallic and gold mineralized samples over a 1 kilometre by 530 metres zone remains open, located on the southern extent of the 5.5 kilometre long Inca Trend (link to map).
  • 100% of the 25.77 metres of channel samples contain gold and copper mineralization.
  • 92% of chip and outcrop grab samples contain gold and polymetallic mineralization.
  • Rockstar channel cut contained 4.17 grams per tonne gold equivalent over 6.02 metres including 1.53 grams per tonne gold, 1.38 % copper, 0.23 % zinc, and 0.13 % lead. The channel both started and ended in mineralization (link to image).
  • 1 metre chip sample on Rockstar contained 33.99 grams per tonne gold equivalent including 21.7 grams per tonne gold, 0.94 % copper, 3.42 % zinc, and 11.55 % lead.
  • Strong potential to expand the zone in all directions and to depth (link to map).
  • 1.5 kilometres to a logging road and 33 kilometres to a high tension power line
  • Drill ready.
 
Table 1: Rockstar Zone Assay Highlights
                 
Sample Channel/
Chip/Grab
Length (metres)1 Gold Eq (gpt)2 Gold (gpt) Copper % Zinc % Lead % Silver (gpt)
W503821-26 Channel 6.02 4.17 1.53 1.38 0.23 0.13 5.43
W503813-14 Channel 1.94 3.92 0.72 1.88     3.70
W503829-30 Channel 1.41 19.84 2.51 10.17     20.65
W503831 Channel 1.00 4.34 3.40 0.23 0.30 0.40 6.90
W503834-35 Channel 0.80 6.27 1.51 2.74 0.02   12.95
W503803 Channel 0.70 1.69 1.04 0.37 0.01   0.90
W503807 Channel 0.63 21.39 0.38 12.50     3.70
W503809 Channel 0.60 10.22 1.28 4.98     44.70
W503816 Channel 0.40 19.58 1.73 10.60 0.01   5.30
W503815 Channel 0.33 2.57 1.12 0.81     7.10
W503827 Channel 0.30 17.60 1.98 9.24     9.80
W503818 Channel 0.30 4.03 3.02 0.15 0.40 0.56 8.60
W503832 Channel 0.25 19.89 8.28 1.20 8.31 4.42 32.80
W503317 Chip 1.00 33.99 21.70 0.94 3.42 11.55 86.80
W503316 Chip 1.00 24.26 13.10 1.45 3.10 9.19 62.10
W503351 Chip 1.00 11.27 7.06 1.27 1.25 0.14 78.30
W503352 Chip 1.00 17.36 2.59 0.96 4.64 14.65 59.10
W502573 Chip 0.50 14.29 7.83 3.64 0.01 0.10 22.30
W502572 Chip 0.30 6.69 1.70 0.37 3.49 2.03 32.40
W494661 Outcrop Grab   9.55 5.67 2.22     11.90
W495216 Outcrop Grab   7.40 4.07 0.63 0.21 2.63 41.00
W389403 Outcrop Grab   4.91 2.56 1.35     7.20
W503855 Outcrop Grab   3.65 2.52     0.60 58.30
W503405 Outcrop Grab   4.18 2.11 0.09 0.94 1.57 18.90
W503402 Outcrop Grab   13.31 1.93 0.66 11.75 0.68 47.90
W503401 Outcrop Grab   2.81 1.60 0.16 0.46 0.60 17.90
W503415 Outcrop Grab   5.11 1.28 2.00 0.01   35.40
W494663 Outcrop Grab   40.11 1.27 20.40 0.02   350.00
W494664 Outcrop Grab   7.02 1.24 3.38     9.20
               

1True thickness of mineralized zone not known
2AuEq based on Metal Prices on Nov 27, 2017: Au $1294.70 oz; Cu $3.1660 lb; Zn $1.4837 lb; Pb $1.1247 lb; Ag $17.100 oz

Rockstar Zone

The Rockstar zone is part of the 5.5 kilometre long Inca Trend and was discovered in late September due to glacial retreat and low snow pack in the area, exposing new mineralized bedrock. Rockstar is located approximately 2 kilometres south-southwest of the newly discovered Max Min zone. Combined, the discovery of Max Min and Rockstar have extended the Inca Trend from 1.5 by 1 kilometres to 5.5 by 1.5 kilometres in size. The Inca Trend remains open in all directions.

There is strong potential to expand the Rockstar zone northeastwards towards Max Min, since the area remains unexplored. The northern most bedrock sample at Rockstar was taken from a small outcrop within the glacier and assayed 0.02 grams per tonne gold, 0.48 % zinc, 0.28 % lead, and 0.12 % copper. Similarly, the most western and southern samples defining the Rockstar zone contained 7.02 grams per tonne gold equivalent (1.24 grams per tonne gold, 3.38 % copper, and 9.2 grams per tonne silver) and 7.4 grams per tonne gold equivalent (4.07 gram per tonne gold, 0.63 % copper, 0.21 % zinc, 2.63 % lead, and 41 grams per tonne silver), respectively. Therefore, there is excellent potential to expand the mineralized zone which remains open in all directions.

Following the discovery of the Rockstar zone in late September only two days were spent sampling along a 1 kilometre area before the heavy snowfall brought an end to the 2017 exploration season. This zone remains open in all directions. During the two day period a total of 25.77 metres of channel sampling was completed. In addition, 20 chip samples and 31 outcrop grab samples were also taken. Highlights are reported in Table 1 and include a 6.02 metre channel sample containing 4.17 grams per tonne gold equivalent (1.53 grams per tonne gold, 1.38 % copper, 0.23 % zinc, and 0.13 % lead) and a 1.41 metre channel sample containing 19.84 grams per tonne gold equivalent (2.51 grams per tonne gold, 10.17 % copper, and 20.65 grams per tonne silver). The polymetallic and gold mineralized samples were found along a one kilometer strike length. Of the 20 chip samples taken, 14 returned greater than 0.1 grams per tonne gold, and 6 returned greater than 1 gram per tonne gold. Highlights include a 1 metre chip samples containing 33.99 grams per tonne gold equivalent (21.7 grams per tonne gold, 0.94 % copper, 3.42 % zinc, and 11.55 % lead) and 24.26 grams per tonne gold equivalent (13.1 grams per tonne gold, 1.45 % copper, 3.1 % zinc, and 9.19 % lead). Of the 31 outcrop grab sample collected, 20 assayed above 0.1 grams per tonne gold including 10 above 1 gram per tonne gold (see Table 1).

Drilling in 2018 will focus on discovering the hydrothermal feeder source of the mineralized system at depth. Ground IP, mapping, and drilling are recommended to outline the full geometry of the new Rockstar zone discovery.

The Inca Trend is hosted in volcanic, magmatic arc rocks of the Stikine Terrane, which is a favorable geological setting for porphyry systems in British Columbia. The thick sequence of volcanic rocks that underlies the Inca Trend is intruded by numerous felsic and intermediate porphyry dykes. The polymetallic mineralization, intrusions and extensive propylitic and potassic alteration along the Inca Trend are consistent with porphyry-style mineralization. The rapid ongoing snowpack and glacial recession in 2018 should exposed new outcrop with strong discovery potential, along the entire 5.5 km Inca Trend. The Inca Trend is under explored and remains open.

Babylon

The Babylon trend is located approximately 2.5 kilometres southeast of the Inca Trend and extends over a 1.5 by 1 kilometre area and remains open. The 2016 discovery of the Babylon trend identified extensive zones of pervasive potassic alteration (link to map) that are associated with polymetallic mineralization focused along contacts, shears, fractures, and faults. To determine how widespread the polymetallic mineralization is, a series of long chip samples were taken during the 2017 exploration season (see Table 2).

Highlights include chip samples grading 0.35 % copper, 0.04 % zinc, 0.01 % lead, and 177 grams per tonne silver over 4 metres; 3.75 metres grading 0.29 % copper, 0.03 % zinc, and 221 grams per tonne silver; and 3.75 metres grading 0.35 % copper, 0.04 % zinc, 0.02 % lead, and 116 grams per tonne silver.

The consistently elevated copper-silver mineralization encountered over large strike lengths confirms the strong untapped potential of this zone at surface and at depth. The style of mineralization and extensive potassic alteration is consistent with the presence of a porphyry system at depth and strongly indicates a common source of mineralization for both the Babylon and Inca Trends. Drilling, ground IP, and mapping is recommended to outline the full geometry along strike and to depth at Babylon.

 
Table 2: Babylon Zone Highlights
             
Sample Channel/
Chip/
Grab
Length (metres)1 Copper % Zinc % Lead % Silver (gpt)
             
W494658 Chip 4 0.35 0.04 0.01 177.00
W494656 Chip 3.75
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