Juggernaut Exploration Begins Expanded Drilling at Bingo Property
Vancouver, British Columbia -- July 22nd, 2024 -- NewsGenie --Juggernaut Exploration Ltd (JUGR.V) has commenced an expanded drilling program on its 100% controlled Bingo property, spurred by the discovery of new sulphide-rich outcrops. The program will include approximately 3,000 meters across 14 holes from 7 pad locations on the Bingo Main Zone.
The drilling aims to extend known high-grade gold-silver-copper mineralization and to test new cobalt-rich and native copper outcrops. President and CEO Dan Stuart highlighted the excitement of resuming drilling after successful initial programs in 2023.
Recent mapping identified new outcrops along the Bingo Main Zone, extending it by 100 meters to the south. The discovery of significant cobalt values led the company to revise 2023 drill core assay results, increasing AuEq values by over 20%.
Highlights from the 2023 drill season include:
- Drill hole BI-23-01: 12.09 gpt AuEq over 5.11 meters (increased from 11.42 gpt AuEq).
- Drill hole BI-23-04: 5.25 gpt AuEq over 10.12 meters, including 8.05 gpt AuEq over 5.89 meters (increased from 4.23 gpt AuEq and 6.74 gpt AuEq, respectively).
- Drill hole BI-23-02: 5.36 gpt AuEq over 7.05 meters (increased from 4.81 gpt AuEq).
- Drill hole BI-23-03: 2.62 gpt AuEq over 5.78 meters, including 2.97 gpt AuEq over 4.73 meters (increased from 2.22 gpt AuEq and 2.56 gpt AuEq, respectively).
The drilling will target the Bingo Main Zone and additional shear zones. Mapping and prospecting will continue, including at the Double Down Hinge Zone.
The Bingo Main zone is part of a 600 meters by 350 meters mineralized corridor that remains open with high-grade gold drill samples (12.09 gpt AuEq over 5.11 meters) and surface samples (up to 13.4 gpt Au) located along the axial plane of a fold hinge.
Juggernaut Exploration is focused on the Eskay Rift, within British Columbia's Golden Triangle.
Rein Turna P. Geo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information in this release.