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Juggernaut prepares for drill program at Big One

2026-05-19 18:45 ET - News Release

Mr. Dan Stuart reports

JUGGERNAUT MOBILIZES FOR INAUGURAL 10,000 METER DRILL PROGRAM TO TEST NEW DISTRICT SCALE HIGH GRADE GOLD SILVER COPPER RICH DISCOVERY AT 100% CONTROLLED BIG ONE PROPERTY, GOLDEN TRIANGLE, B.C

Juggernaut Exploration Ltd. has mobilized for its inaugural drill program on the newly discovered district-scale gold-, silver-, copper-rich system on the 100-per-cent-controlled Big One property, Golden Triangle, British Columbia. The 2026 planned inaugural drill program will consist of 10,000 metres of drilling designed to test the largest and most extensive veins hosted within the 22-square-kilometre Eldorado zone, where surface samples assayed up to 263.70 grams per tonne AuEq (gold equivalent) or 8.48 ounces per tonne AuEq and channel cuts assayed up to 4.89 g/t AuEq over 5.21 m from greater than 400 mineralized veins that are up to 10 m wide hosted in shear zones up to 50 m wide, and are exposed on surface for greater than one km with greater than one km of vertical relief and remain open.

The planned drill holes are designed to intersect areas where multiple occurrences of gold visible to the naked eye (VG) have been identified in surface channel and grab samples from the Whopper zone, the Big Mac zone and the Gold Dome zone.

  • Big Mac vein
    • Grab samples assayed up to 113.92 g/t AuEq or 3.66 oz/t AuEq;
    • Channel cut assayed up to 4.89 g/t AuEq over 5.21 m;
    • Coarse grained free milling gold up to 150 microns in size observed in the vein;
    • Vein/shear is up to 10 m wide and exposed on surface for 400 m with a vertical relief of up to 360 m and remains open.

  • Whopper vein
    • Grab samples assayed up to 43.94 g/t AuEq or 1.41 oz/t AuEq;
    • Channel cuts assayed up to 6.89 g/t AuEq over 4.00 m;
    • Multiple occurrences of VG as well as coarse grained free milling gold up to 150 microns in size observed in the vein;
    • Vein is up to five metres wide hosted in a shear zone up to 50 metres wide that is exposed on surface for 500 metres with a vertical relief of up to 780 metres and remains open.

  • XXXL vein (Gold Dome zone)
    • Grab samples assayed up to 139.21 g/t AuEq or 4.48 oz/t AuEq;
    • Channel cuts assayed up to 5.86 g/t AuEq over 3.00 m;
    • Coarse grained free milling gold up to 150 microns in size observed in the vein;
    • Veins/shears are up to four metres wide and exposed on surface for one kilometre with a vertical relief of up to approximately 600 m and remain open.

Manuele (Lele) Lazzarotto, president and chief operating officer of Juggernaut Exploration, states: "We are excited to be the first to drill this district-scale gold-rich system initially targeting the most extensive high-grade veins/shears seen on surface containing gold visible to the naked eye (VG)/coarse-grained free milling gold, as well as substantial amounts of sulphides containing high-grade silver and copper. The geometry and number of widespread veins/shears identified by surface mapping strongly indicates that we can expect to see the same laterally and at depth in the 22 square km Eldorado system. In addition to being designed to intersect the veins exposed on surface, a number of drill holes are also designed to test the subsurface to greater depths for the presence of additional veins and shears that are not exposed on surface. This maiden drill campaign will also test indications of a large causative mineralizing source at depth. We believe there is strong potential to see occurrences of visible gold in drill core as the program progresses. We will certainly have a better understanding of this district-scale system once this inaugural drill program is completed."

Free milling gold associated with galena. Gold visible to the naked eye.

Big One gold-rich district-scale system highlights:

  • The district-scale Eldorado system covers an area of 22 km that remains wide open where grab samples assayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq (256.60 g/t Au, 546.00 g/t Ag, 0.43 per cent Cu, 0.41 per cent Pb and 0.01 per cent Zn) from 400 mineralized veins that remain open and are up to 10 m wide, hosted in shear zones up to 50 m wide, and are exposed on surface for 500 m with one km of vertical relief.
  • The Gold Swarm discovery is a three km area of strong gold potential with 100 gold-rich polymetallic veins exposed on surface for 200 m and up to 4.5 m wide with up to 700 m of vertical relief, where grab samples assayed up to 231.81 g/t AuEq or 7.45 oz/t AuEq (226.94 g/t Au, 335.00 g/t Ag, 0.00 per cent Cu, 4.99 per cent Pb and 0.01 per cent Zn) that remains open.
  • A total of 41 per cent (219 samples out of 527) collected within the Eldorado system in 2024 and 2025 assayed one g/t AuEq; 65 per cent (28 samples out of 43) collected within the Gold Swarm zone in 2024 and 2025 assayed one g/t AuEq.
  • Gold samples up to 256.60 g/t or 8.25 oz/t, silver samples up 2810 g/t or 90.34 oz/t, and copper samples up to 14.40 per cent were collected on Big One.
  • Results from a petrographic study prepared by the Colorado School of Mines confirmed that gold occurs as relatively pure, free milling gold up to 150 microns in size. Additionally, fluid inclusions with both liquid and gaseous CO bubbles have been observed within the gold-mineralized quartz veins indicating that fluids are generated at high pressures confirming a magmatic origin, potentially a porphyry.
  • The polymetallic veins, alteration signature, geochemical path finder element signature and geophysical anomalies strongly indicate the presence of a large common buried gold-, silver-, copper-rich porphyry feeder source or similar magmatic source or sources at depth responsible for the extensive district scale high-grade gold, silver, copper veining confirmed on surface.
  • Detailed mapping has confirmed that mineralization at Eldorado and Gold Swarm is linked to a Jurassic to Cretaceous transpressional system and intrusive sources, coeval with the magmatic events that formed the nearby multimillion-ounce Galore Creek copper, gold, silver porphyry deposit.
  • The district-scale system shows widespread porphyry-style propylitic alteration, with the final phase of alteration occurring simultaneously with mineralization, which will help vector towards the potential source of the mineralization seen in the gold-rich shear zones and veins on surface that remain open.
  • Mineralized veins and shear zones were emplaced through brittle-ductile deformation during and after the Jurassic period, forming a major structural corridor at Big One defined by northeast, east and northwest trends, confirming common orientations as well as similar geochemical signatures and textures of the gold-mineralized veins along the 15 km Highway of Gold corridor surrounding the snowcap of Deeker Glacier strongly indicating that the gold-rich mineralization found throughout is all part of one district-scale gold system that remains open.
  • The overall geochemistry of the gold-rich mineralized veins is clean with no occurrence of deleterious elements such as mercury or arsenic.
  • The five-year drill permit valid until March 31, 2031, will allow the company to define the extent of the mineralization at depth as well as fully understand the geometry of the system and related drivers of the mineralization in preparation for a future resource.

The Big One property is situated in a region that is well known for hosting precious metal and porphyry deposits, several of which occur near the property including the multiple porphyry systems at Galore Creek, the world's largest known gold reserve at KSM and the polymetallic copper project at Shaft Creek, as well as the Brucejack high-grade epithermal gold deposit, and the structurally controlled high-grade hydrothermal gold-silver zones at Trophy and Sphal Creek. The property geology is favourable to host these types of deposits as confirmed by the presence of extensive areas of propylitic alteration, untested geophysical anomalies, strong silt, soil and rock geochemistry including path finder elements directly related to porphyry systems, key structures and textures, porphyry-style mineralization, and high-grade polymetallic veins, that have been discovered on the Big One property.

The Big One property can be accessed year-round via helicopter from the Glenora/Telegraph Creek Road at the Barrington mine (33 km to the north-northeast) as well as the Galore Creek Road (15 km to the southeast). The Canadian government committed $20-million to extend/improve the Galore Creek Road to within 15 km of the Big One property. The property is two km west of the Scud River airstrip used in the early days of Galore Creek.

The Big One property exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC).

About Juggernaut Exploration Ltd.

Juggernaut Exploration is a preeminent explorer and generator of precious and strategic metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are located in globally recognized geological settings and in geopolitically stable jurisdictions, making them amenable to mining in Canada. Juggernaut is a member and active supporter of CASERM, a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.

Qualified person

Rein Turna, PGeo, 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.

Disclaimer

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

QA/QC (quality assurance/quality control) protocol

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to Minfile locations, placer creek occurrences, regional soil anomalies and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using handheld GPS units (accuracy three to 10 metres) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, et cetera) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials and duplicate samples are inserted regularly into the sample sequence at a rate of 10 per cent.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, B.C. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to approximately 70 per cent of the material passing a two-millimetre sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85 per cent of the material passes through a 75-micron sieve. The crushed samples are transported to the MSALABS PhotonAssay facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations greater than or equal to five parts per million are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, B.C., where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses four-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with overlimit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where "xx" denotes the target metal). This method employs four-acid digestion followed by inductively coupled plasma emission spectrometry.

Gold equivalent (AuEq) metal values are calculated using: Au $4,004.43 (U.S.)/ounce, Ag $48.80 (U.S.)/oz, Cu $5.09 (U.S.)/pound, Pb $2,026.43 (U.S.)/ton and Zn $3,054.88 (U.S.)/ton on Oct. 31, 2025. There is potential for economic recovery of gold, silver, copper, lead and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle mining camp with similar style of high-grade gold mineralization where Juggernaut's project is located such as the Brucejack mine and the Homestake Ridge gold project. Here, AuEq values were calculated using multiyear running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs and transportation. Recoveries for Au, Ag, Cu, Pb and Zn on Big One are not known but are assumed to be similar with 85-per-cent gold recovery, 75-per-cent silver recovery, 75-per-cent copper recovery, 75-per-cent zinc recovery and 50-per-cent Pb recovery. The quoted reference of metallurgical recoveries is not from Juggernaut's Big One project and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a feasibility study will be completed on the Big One project.

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