Million-dollar funding secured by Juggernaut from a single strategic backer.
In a recent announcement, Juggernaut Exploration Ltd., a precious metals project explorer based in the Golden Triangle of northwestern British Columbia, revealed a promising development at their Big One Property. The company has secured a strategic **$1 million financing** to fund exploration of a newly discovered 11-kilometer "Highway of Gold" surrounding the Eldorado porphyry system on the Big One property[1][4].
The financing, subject to approval from the TSXV Exchange, will be utilized for general working capital purposes[6]. Highlights of the discovery include exceptionally high assay results, with up to **79.01 grams per tonne (g/t) gold** (2.54 oz/t gold) and **3,157.89 g/t silver** (101.5 oz/t silver)[1][4]. More than 200 gold-silver-copper rich polymetallic veins have been discovered, some up to 8 meters wide and extending 500 meters in strike length, all remaining open at surface[1][4].
The Big One Property, spanning over a vast area of **33,693 hectares**, is located in a highly prospective geological terrane of the Golden Triangle, adjacent to the gold-rich porphyry systems near Newmont Mining’s Galore Creek[1][3]. Juggernaut is aiming to further explore this project, given its location in a globally ranked Tier 1 mining jurisdiction and the evident potential for additional discoveries within this extensive property[1][4].
Rein Turna P. Geo, the independent qualified person as defined by National Instrument 43-101, is overseeing Juggernaut Exploration's projects[8]. The President, Director, and Chief Executive Officer of Juggernaut Exploration Ltd. can be contacted at 604-559-8028, [email protected], and www.juggernautexploration.com[5].
It's important to note that readers should not place undue reliance on these statements, as the press release does not constitute an offer to sell or an invitation to purchase any securities described in it[7]. Grab samples may not represent true underlying mineralization[7]. Furthermore, the press release is not for dissemination in the United States or to U.S. persons or for distribution to U.S. newswire services[9]. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release[9].
The press release also contains forward-looking statements that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including the ability to complete the contemplated private placement[8].
References: [1] Juggernaut Exploration Ltd. (2023). Juggernaut Exploration Ltd. Announces $1,000,000 Hard Dollar Financing from One Strategic Investor. [online] Available at: https://www.juggernautexploration.com/news/2023/juggernaut-exploration-ltd-announces-1-000-000-hard-dollar-financing-from-one-strategic-investor [2] TheNewswire (2023). Juggernaut Exploration Ltd. Announces $1,000,000 Hard Dollar Financing from One Strategic Investor. [online] Available at: https://www.thenewswire.com/news-releases/2023/05/24/juggernaut-exploration-ltd-announces-1-000-000-hard-dollar-financing-from-one-strategic-investor/ [3] Juggernaut Exploration Ltd. (2023). Big One Property. [online] Available at: https://www.juggernautexploration.com/projects/big-one-property/ [4] TheNewswire (2023). Juggernaut Exploration Ltd. Announces Significant Gold-Silver Assays from Big One Property in the Golden Triangle, British Columbia. [online] Available at: https://www.thenewswire.com/news-releases/2023/05/24/juggernaut-exploration-ltd-announces-significant-gold-silver-assays-from-big-one-property-in-the-golden-triangle-british-columbia/ [5] Juggernaut Exploration Ltd. (2023). Contact Us. [online] Available at: https://www.juggernautexploration.com/contact/ [6] Juggernaut Exploration Ltd. (2023). Juggernaut Exploration Ltd. Announces $1,000,000 Hard Dollar Financing from One Strategic Investor. [online] Available at: https://www.juggernautexploration.com/news/2023/juggernaut-exploration-ltd-announces-1-000-000-hard-dollar-financing-from-one-strategic-investor [7] Juggernaut Exploration Ltd. (2023). Juggernaut Exploration Ltd. Announces $1,000,000 Hard Dollar Financing from One Strategic Investor. [online] Available at: https://www.juggernautexploration.com/news/2023/juggernaut-exploration-ltd-announces-1-000-000-hard-dollar-financing-from-one-strategic-investor [8] Juggernaut Exploration Ltd. (2023). Juggernaut Exploration Ltd. Announces Significant Gold-Silver Assays from Big One Property in the Golden Triangle, British Columbia. [online] Available at: https://www.juggernautexploration.com/news/2023/juggernaut-exploration-ltd-announces-significant-gold-silver-assays-from-big-one-property-in-the-golden-triangle-british-columbia/ [9] TheNewswire (2023). Juggernaut Exploration Ltd. Announces Significant Gold-Silver Assays from Big One Property in the Golden Triangle, British Columbia. [online] Available at: https://www.thenewswire.com/news-releases/2023/05/24/juggernaut-exploration-ltd-announces-significant-gold-silver-assays-from-big-one-property-in-the-golden-triangle-british-columbia/
The strategic $1 million financing secured by Juggernaut Exploration Ltd. is intended for general working capital purposes. This financing, coupled with the exceptionally high gold and silver assay results on the Big One Property, could potentially fuel further investments in the business.
