- Juggernaut Exploration (JUGR) has received a five-year advanced exploration permit for its Goldstar property
- The 100-per-cent controlled project is located in west central British Columbia
- The property is located in the Goldilocks Zone which was discovered in 2018
- The Gold Star Property is an original discovery with no previous recorded work in the area
- Juggernaut is down 17.39 per cent on the day, with shares trading at C$0.38 at 11:23am EST
Juggernaut Exploration (JUGR) has received a five-year advanced exploration permit for its Goldstar property.
The 100-per-cent controlled project is located in west central British Columbia.
The property is located in the Goldilocks Zone which was discovered in 2018 and measures 190 metres long by 20 metres wide.
It is located 500 metres north of the existing Yellow Brick Road Gold Zone.
The company touts is close proximity to infrastructure for providing cost-effective exploration.
The property is situated on the central coast of B.C. and is located approximately 5.5 kilometres from logging access roads and lies within 4.5 kilometres of tidewater.
The Gold Star Property is an original discovery with no previous recorded work in the area.
Juggernaut says the property has already “provided excellent results” to date.
The company has produced assays of 7.86 grams of gold equivalent per tonne of material over 3.75 metres true width.
“Juggernaut is in the unique position of being fully funded with no further dilution required for drilling two original bedrock discoveries, Goldstar and Goldstandard that have confirmed High Grade Pollymetallic Mineralization over significant widths at surface and are drill ready.
The inaugural drill program is fast approaching for the summer of 2021. With less than 39MM shares outstanding, no debt and over $6,000,000 in the treasury Juggernaut provides an excellent opportunity for investors to participate in the ever-strengthening precious and base metals bull market,” said Juggernaut President and CEO Dan Stuart.
Juggernaut is down 17.39 per cent on the day, with shares trading at C$0.38 at 11:23am EST.