Juggernaut Exploration (TSXV.JUGR) has recently announced significant sulphide mineralization averaging 7.32 meters wide at the Bingo property located in British Columbia. The mineralization is observed in breccias within a shear zone that is hosted in a gabbro unit showing extensive potassic alteration in the northeast portion of the Bingo property.
The 2024 drill program has been successfully completed, with a total of 3,464 meters drilled across 24 holes from seven different pad locations. Share prices of Juggernaut Exploration have seen a decrease of 23.81 percent, currently priced at C$0.08, as of 11:03 am ET.
The company’s CEO, Dan Stuart, expressed confidence in the findings from the 2024 drill program, highlighting the presence of substantial sulphide mineralization and potassic alteration. The program’s results indicated the potential for further exploration and discovery, particularly with the identification of new outcrops on the surface.
Key highlights from the 2024 program included significant sulphide mineralization consisting of chalcopyrite, cobaltite, and native copper in multiple drill holes along a 700-meter strike. Furthermore, notable mineralization was observed in shear-hosted veins with an average width of 7.32 meters over 350 meters of strike on the Bingo Main Zone.
The drill program aimed to expand the known mineralization from previous years and explore new targets in the western and northern areas of the Bingo Main Zone. Headquartered in Vancouver, Juggernaut Exploration focuses on exploring and developing precious metals projects in the Golden Triangle region of northwestern British Columbia.
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