Juggernaut Exploration Commences Drilling on Midas Property
Mr. Dan Stuart reports:
Vancouver, British Columbia – TheNewswire – July 18th, 2023 – Juggernaut Exploration Ltd (TSXV:JUGR) (OTC:JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report drilling has commenced on its 100% controlled Eskay Style VHMS Midas property. The Company has a total of ~4,500 meters of drilling planned on Midas in world class geologic terrane all with strong discovery potential. Midas consists of 20,803 hectares and is located 24 km southeast of Terrace, British Columbia in close proximity to logging access roads, power, railway and major infrastructure.
The Midas property is located in an area of recent glacial abatement and permanent snowpack recession at the southern end of the Golden Triangle, British Columbia. Multiple high-grade gold grab, chips and channel samples were collected from the Kokomo VHMS target where a 1.00 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn and is drill ready. Relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly extends under the Kokomo showing on trend to the south for at least 850 meters towards the VG Zone, conducive for a buried VHMS containing semi-massive to massive sulphides at depth. Channel samples highlights from the VG Zone include 10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2 meters; and 5.43 gpt Au over 3.11 meters. Historic drill results from the Midas property include hole MD-18-16 which intersected the peripheral zone of the IP anomaly core and returned 0.56 g/t AuEq over 35.35 meters; hole MD-18-08, which assayed 6.85 gpt Au over 9 meters and narrowly missed a strong IP chargeability anomaly; and hole MD-18-01 which intersected 3.27 gpt AuEq over 4.80 meters and ended before it reached the core of a strong IP chargeability anomaly.
Midas 2023 Planned Drill Holes Targeting IP anomaly
A series of 5 drill targets have been identified in association with the surface mineralization and the subsurface geophysical IP data on the Midas property along the 850 meter south trending anomaly connecting the Kokomo target with the VG Zone. These targets are being drill tested with ~4,500 meters of drilling from 7 pad locations.
Midas 2023 Planned Drill Holes Targeting IP anomaly
Highlights from the Midas property:
Historic drill results from the Midas property include hole MD-18-16 which intersected the peripheral zone of the IP anomaly and returned 0.56 g/t AuEq over 35.35 meters; hole MD-18-08, which assayed 6.85 gpt Au over 9 meters and narrowly missed a strong IP chargeability anomaly core; and hole MD-18-01 which intersected 3.27 gpt AuEq over 4.80 meters and ended before it reached the core of a strong IP chargeability anomaly.
Channel samples highlights from the VG Zone include 10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2 meters; and 5.43 gpt Au over 3.11 meters.
Multiple high-grade gold grab, chips and channel samples including Kokomo showing where a 1 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn.
Relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly extends under the Kokomo showing for at least 850 meters on trend to the south conducive for semi-massive to massive sulphides.
Alteration zones extracted from Worldview 3 satellite spectral data show a strong silica, iron and phyllic alteration (quartz-sericite-pyrite) signature overlapping the Kokomo showing and the 850-meter trend immediately to the south and east coinciding with the IP anomaly in the subsurface, further indicating the presence of a mineralized VHMS system at depth.
Regional and local geology is highly prospective for VHMS deposits including the presence of a rhyolitic tuff with strong phyllic alteration (quartz-sericite-pyrite) from the Mt Attree volcanics which are Mississippian in age. Mississippian age rocks are known to host the majority of significant VHMS deposits.
Widespread Zn signature with secondary Au, Ag, Pb, Cu and trace element signature (elevated Au, Te, As, Sb, Bi, Cd, Hg, Ba).
Midas is within a world class geologic setting with strong potential for Eskay-style VHMS mineralization.
Dan Stuart, President and CEO of Juggernaut Exploration states “We are excited to begin drilling on Midas. We designed what we believe is a strong drill plan for the High-Grade Gold targets with world class discovery potential in areas that have not been drill tested before. The planned program that consists of ~4,500 meters of drilling on Midas has commenced early this year due to exceptionally good weather across Northwestern B.C. With much anticipation, we look forward to reporting results. Furthermore, drilling is imminent on both the Bingo property hosted in the same world-class geological units as Goliath Resource’s Surebet discovery next door and the Empire property where outcrop assayed up to 36,875 gpt Ag (1180 ounces per ton silver), 4.68 gpt Au, 27.6% Cu and 3.27% Zn (This is one of the highest silver samples collected from outcrop in Canadian history).”
Qualified Person
Rein Turna 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.
GEOPHYSICAL TECHNICIAN
Are you looking for a career opportunity that allows you to travel, provides adventure and the opportunity to bond with a crew of like-minded people? Quantec Geoscience Ltd. is looking for a committed Geophysical Technician. Travel and adventure would be a fundamental part of this position. You will could travel to various project areas throughout North America and other remote areas in the world, involving a wide range of climatic and terrain conditions.
Read more
GEOPHYSICAL DATA PROCESSOR
Quantec Geoscience Ltd. is looking for a committed Geophysical Data Processor. Travel would be a fundamental part of this position and would entail traveling to various project areas throughout Canada, USA and internationally, involving a wide range of climatic and terrain conditions. Read more
GEOPHYSICIST
Quantec Geoscience Ltd. is looking for skilled Geophysicists. The Geophysicist works in an integrated team, providing sound interpretation of the company’s geophysical data with a strong focus on client relations. The Geophysicist is responsible for handling geophysical assignments independently. Read more
Juggernaut Exploration Commences Drilling on Midas Property
Juggernaut Exploration Commences Drilling on Midas Property
Mr. Dan Stuart reports:
Vancouver, British Columbia – TheNewswire – July 18th, 2023 – Juggernaut Exploration Ltd (TSXV:JUGR) (OTC:JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report drilling has commenced on its 100% controlled Eskay Style VHMS Midas property. The Company has a total of ~4,500 meters of drilling planned on Midas in world class geologic terrane all with strong discovery potential. Midas consists of 20,803 hectares and is located 24 km southeast of Terrace, British Columbia in close proximity to logging access roads, power, railway and major infrastructure.
The Midas property is located in an area of recent glacial abatement and permanent snowpack recession at the southern end of the Golden Triangle, British Columbia. Multiple high-grade gold grab, chips and channel samples were collected from the Kokomo VHMS target where a 1.00 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn and is drill ready. Relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly extends under the Kokomo showing on trend to the south for at least 850 meters towards the VG Zone, conducive for a buried VHMS containing semi-massive to massive sulphides at depth. Channel samples highlights from the VG Zone include 10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2 meters; and 5.43 gpt Au over 3.11 meters. Historic drill results from the Midas property include hole MD-18-16 which intersected the peripheral zone of the IP anomaly core and returned 0.56 g/t AuEq over 35.35 meters; hole MD-18-08, which assayed 6.85 gpt Au over 9 meters and narrowly missed a strong IP chargeability anomaly; and hole MD-18-01 which intersected 3.27 gpt AuEq over 4.80 meters and ended before it reached the core of a strong IP chargeability anomaly.
Midas 2023 Planned Drill Holes Targeting IP anomaly
A series of 5 drill targets have been identified in association with the surface mineralization and the subsurface geophysical IP data on the Midas property along the 850 meter south trending anomaly connecting the Kokomo target with the VG Zone. These targets are being drill tested with ~4,500 meters of drilling from 7 pad locations.
Midas 2023 Planned Drill Holes Targeting IP anomaly
Highlights from the Midas property:
Historic drill results from the Midas property include hole MD-18-16 which intersected the peripheral zone of the IP anomaly and returned 0.56 g/t AuEq over 35.35 meters; hole MD-18-08, which assayed 6.85 gpt Au over 9 meters and narrowly missed a strong IP chargeability anomaly core; and hole MD-18-01 which intersected 3.27 gpt AuEq over 4.80 meters and ended before it reached the core of a strong IP chargeability anomaly.
Channel samples highlights from the VG Zone include 10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2 meters; and 5.43 gpt Au over 3.11 meters.
Multiple high-grade gold grab, chips and channel samples including Kokomo showing where a 1 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn.
Relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly extends under the Kokomo showing for at least 850 meters on trend to the south conducive for semi-massive to massive sulphides.
Alteration zones extracted from Worldview 3 satellite spectral data show a strong silica, iron and phyllic alteration (quartz-sericite-pyrite) signature overlapping the Kokomo showing and the 850-meter trend immediately to the south and east coinciding with the IP anomaly in the subsurface, further indicating the presence of a mineralized VHMS system at depth.
Regional and local geology is highly prospective for VHMS deposits including the presence of a rhyolitic tuff with strong phyllic alteration (quartz-sericite-pyrite) from the Mt Attree volcanics which are Mississippian in age. Mississippian age rocks are known to host the majority of significant VHMS deposits.
Widespread Zn signature with secondary Au, Ag, Pb, Cu and trace element signature (elevated Au, Te, As, Sb, Bi, Cd, Hg, Ba).
Midas is within a world class geologic setting with strong potential for Eskay-style VHMS mineralization.
Dan Stuart, President and CEO of Juggernaut Exploration states “We are excited to begin drilling on Midas. We designed what we believe is a strong drill plan for the High-Grade Gold targets with world class discovery potential in areas that have not been drill tested before. The planned program that consists of ~4,500 meters of drilling on Midas has commenced early this year due to exceptionally good weather across Northwestern B.C. With much anticipation, we look forward to reporting results. Furthermore, drilling is imminent on both the Bingo property hosted in the same world-class geological units as Goliath Resource’s Surebet discovery next door and the Empire property where outcrop assayed up to 36,875 gpt Ag (1180 ounces per ton silver), 4.68 gpt Au, 27.6% Cu and 3.27% Zn (This is one of the highest silver samples collected from outcrop in Canadian history).”
Qualified Person
Rein Turna 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.
Corazon Intersects a 55.4m Sulphide Zone
Drilling Intersects a 55.4m Sulphide
Zone at Lynn Lake Nickel Project
Success in the first drill hole testing a newly identified pipe-like
geophysical anomaly at the priority Fraser Lake Complex
Key Highlights
Innovative geophysical survey defined several pipe-like conductive bodies linking
into areas of drill-defined nickel-copper-cobalt sulphide mineralisation within the
Fraser Lake Complex at Lynn Lake.
The initial drill hole of a two-hole program testing one of these anomalies
intersected a 55.4 metres (downhole) sulphide zone on the margin of an interpreted
mafic/ultramafic intrusive pipe.
The targeted geophysical anomaly extends from near surface to at least 700 metres
below surface.
Samples have been submitted for laboratory analysis with results to be released
when available – further drilling planned, subject to results.
Corazon’s Managing Director, Mr. Brett Smith, stated: “The most significant outcome from this drilling is proving that
our new geophysical techniques can identify the targeted magmatic sulphides, as well as these late, metal-rich
ultramafic pipes.
Spectacular MT results under Red Lake
Newly released paper discusses MT applications and implications in the Red Lake Greenstone belt following Metal Earth initiative using SPARTAN MT .
Crustal conductivity footprint of the orogenic gold district in the
Red Lake greenstone belt, western Superior craton, Canada
Ademola Q. Adetunji1, Gaetan Launay1, Ian J. Ferguson2, Jack M. Simmons1, Chong Ma1, John Ayer1 and Bruno Lafrance1
1Mineral Exploration Research Centre (MERC), Harquail School of Earth Sciences, Laurentian University, Sudbury, ON P3E2C6, Canada
2Department of Earth Sciences, University of Manitoba, Winnipeg, MB R3T2N2, Canada
ABSTRACT
A magnetotelluric (MT) study across the Red Lake greenstone belt of the western Superior craton, Canada, images a 50-km-long north-dipping conductor (<20 Ω·m) at 20–25 km
depth and subvertical conductors spatially correlated with crustal-scale shear zones and
large orogenic gold deposits. The conductors are interpreted to be the conductivity signature
of the deep crustal source of the auriferous fluids and pathways of the orogenic gold system. The geophysical results, supported by existing geochemical and fluid inclusion studies,
suggest that the Au- and CO2-rich fluids responsible for gold mineralization were released
by devolatilization of supracrustal rocks underthrust to mid- to lower-crustal levels during
subduction. This MT study links shallow gold mineralization to a deep crustal source region,
demonstrating the connection between a crustal suture zone and the formation of orogenic
gold deposits in an Archean greenstone belt.
Quantec has a great PDAC
Quantec celebrated a great PDAC. Clients shared success stories and we met a new contingent of potential clients.
Quantec’s “GO DEEP” initiative launched some 23 years ago is going strong and celebrated with our special celebrity footballs.
Now offering complete exploration packages that cost effectively explore your property with leading technologies.
TITAN, SPARTAN and ORION 3D
Give us a call today to find out how our clients are delivering results for their shareholders through the use of our services.
American Copper Development Completes 134 line-km Titan 160 DCIP and MT Survey
American Copper Development Completes 134 line-km Titan 160 DCIP and MT Survey Over the Lordsburg Property, New Mexico
CSE: ACDX
www.american-copper.com
Mr. Daniel Schieber reports:
Vancouver, British Columbia–(Newsfile Corp. – January 18, 2023) – American Copper Development Corporation (CSE: ADCX) (“ACDC” or the “Company”) is pleased to report preliminary results from a 134 line-km 3D Titan 160 DC resistivity/induced polarization (DCIP) and Magnetotellurics (MT) survey. The survey was completed across 16 lines (13 N-S and 3 E-W) by Quantec Geoscience over the Company’s flagship Lordsburg property in southwestern New Mexico (see map in appendix).
The purpose of the survey is to provide property-wide deep chargeability, resistivity, and magnetotelluric information at the Lordsburg property with the intent to help identify porphyry and/or skarn style mineralization targets. The DCIP provides information to depths of 700m and greater with the MT resistivity providing information to depths of up to 2km. Quantec conducted this high-resolution survey between August 2022 and January 2023. The Company is currently working with our contractors on 3D data inversions of both the DCIP and MT surveys and expect to have those results completed by February.
Minto Metals Reports New Exploration Targets From SPARTAN MT Survey
Minto Metals Reports Anomalies And New Exploration Targets From Magnetotellurics Survey
WHITEHORSE, YT, Dec. 20, 2022 /CNW/ – Minto Metals Corp. (“Minto” or the “Company”) (TSXV: MNTO) is pleased to report results from the 2022 Magnetotellurics survey over the Minto Mine Property.
The Company commissioned Quantec Geoscience Ltd. (“Quantec”) to conduct a SPARTAN MT survey, a deep-penetrating Magnetotellurics (“MT”) survey over the Minto Mine Property (Figure 1). The goal for the MT survey was to extend the geophysical coverage for the Minto Mine Property to depths below the extents of previous geophysical surveys, diamond drilling and current mining infrastructure to assess the potential for additional economic mineralization. Quantec completed the survey, consisting of a total of 184 SPARTAN MT sites (Figure 2), between July 10, 2022 and August 28, 2022 with results received by the Company in late November 2022.
Read complete press release here.
https://mintometals.com/blog/press-release/?release=122507
Argentina Lithium & Energy
Argentina Lithium Announces Positive Results from Third and Fourth Drill Holes at Rincon West
Vancouver, BC / CNW / October 25, 2022 / Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY3, OTC: PNXLF), (“Argentina Lithium” or the “Company”) reports positive lithium brine values from the third and fourth diamond drill holes at its Rincon West Project in Salta Province, Argentina. The Rincon West project covers 3742.8 hectares of the salar basin, located west and north of the adjacent Rincon Project owned by Rio Tinto. The property is currently permitted for up to 9 exploration drill holes. The fifth exploration hole is currently in final steps to completion. From May 2022 ….
“The TEM surveys suggest that interpreted brine aquifers extend substantially further west and south than indicated by earlier electrical surveys, demonstrating greater potential than expected by the previous owners. We plan to begin drilling in May to test these targets. These new geophysical data allow us to assess potential aquifer quality and depth prior to drilling, which is extremely advantageous for targeting.” stated Miles Rideout, V.P. of Exploration.
The TEM surveys, data modeling and presentation were completed by the Argentinean subsidiary of Toronto-based Quantec Geoscience Ltd., (“Quantec”). Quantec is a recognized leader in the industry, with experience spanning over 40 countries with over 5,000 geophysical projects. Quantec has considerable experience in the provision of qeophysical services for the evaluation of salars in the Puna Region of Argentina.
A total of 190 soundings were completed at 200 metre intervals along six east-west lines and two transecting lines, with a north-south line spacing of between 1400 and 1900 metres (see Figure 1). Data were acquired with a Geonics Ltd. PROTEM System operated in centre-loop sounding mode with 200m transmitter loops. The sounding data were recorded at 2.5 and 25 Hz. repetition rates. The data were modelled with 1-D resistivity-depth inversions, which were compiled as 2D resistivity transects of the project. The maximum depth of investigation varied from 200 metres to as much as 1700 metres below surface.