Juggernaut Confirms Free Milling Gold on New District Scale Gold Silver Copper Rich Discovery at 100% Controlled Big One Property, Golden Triangle, B.C.
(TheNewswire)
Vancouver, British Columbia– TheNewswire- February 23, 2026 –Juggernaut Exploration Ltd(JUGR: TSX.V) (OTCPK: JUGRF)(FSE: 4JE) (the “Company” or “Juggernaut”) is pleased toreport the discovery of high-purity free milling gold within thegold-mineralized veins from the newly discovered district scale gold,silver, copper rich system on the 100% controlled Big One property(the “Property”), Golden Triangle, British Columbia. The petrographic study carried out by the Colorado School ofMines also confirms a magmatic origin for the mineralizing fluids,indicating a potential porphyry source.
Petrography highlights:
Results from a petrographic studyprepared by the Colorado School of Mines confirmed that gold occurs asfree milling gold up to 150 microns in size.
Free milling gold associated with galena. |
Free milling gold filling fracture in quartz betweenpyrite. |
Free milling gold filling fracture in quartz betweenpyrite. |
Free milling gold filling fractures in quartz. |
Based on EDS analyses, thecomposition of the observed gold grains is quite pure, with goldaccounting for 80-90 wt% and silver accounting for 10-20 wt%.
Fluid inclusions with both liquid andgaseous CO bubbles have beenobserved within the gold-mineralized quartz veins, indicating thatfluids are generated at high pressures, confirming a magmatic origin,potentially a porphyry.
Three-phase fluid inclusion containing aqueous fluid,liquid, and gaseous CO2. |
Three-phase fluid inclusion with minor aqueous liquidand abundant liquid CO2. |
The overall geochemistry of thegold-rich mineralized veins is clean with no occurrence of deleteriouselements such as mercury or arsenic.
Petrographic and metallurgicalinvestigations are ongoing, and additional results will be availableafter the 2026 inaugural drill program.
Manuele (Lele) Lazzarotto, Presidentand COO of Juggernaut Exploration, states: “The discovery of high-purity freemilling gold in an environment characterized by no deleteriousmaterials at Big One surely explains the high gold grades observed inthe veins and bodes well for recovery through simple gravity. DoubleCO2 bubbles trapped as fluid inclusionswithin the quartz veins, confirming a magmatic source, combined withstrong propylitic alteration over a 4 km2 area and geochemical traceelement distributions, indicate that the source of this mineralizationis a potential porphyry, similar to what we see next door at themultimillion-ounce Galore Creek copper-gold-silver porphyry deposit.From an exploration perspective, this opens the door to anotherexceptional discovery opportunity for the presence of a largecausative mineralizing source at depth. Additional petrographicinvestigations are underway, and we will also be undertakingmetallurgical testing with core material from the inaugural drillprogram slated to start in May 2026. We look forward to continuing towork closely with the Colorado School of Mines as we advance the BigOne discovery.”
Dan Stuart, CEO of JuggernautExploration, states: “Thesehigh-grade veins containing high-purity free milling gold encircle theDeeker Creek glacier along the 15 km Highway of Gold Corridor.Clearly, we are just seeing the tip of the iceberg on this mountain ofgold. What other surprises remain to be discovered below the surfacewith the drill bit? Obvious opportunities with scale and grades likethose seen on Big One are extremely rare, and we have barely begun toscratch the surface. We strongly believe we are just seeing the tip ofthe iceberg, and the best is yet to come. The entire team is excitedto be the first to drill this extensive high-grade discovery. We lookforward to the upcoming fully-funded 10,000 m maiden drill program onBig One, where we will target the low-hanging fruit, the largest andmost extensive gold-rich veins seen on surface.”
Big One Gold-Rich District-ScaleSystem Highlights:
The district-scale Eldorado System covers an area of 22km that remains wide open where grab samplesassayed up to 263.70 g/t AuEq or 8.48 oz/t AuEq (256.60 g/t Au, 546.00g/t Ag, 0.43 % Cu, 0.41 % Pb and 0.01 % 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 for500 m with 1 km of vertical relief.
The Gold Swarm Discovery is a 3 km area of strong gold potential with 100 gold-richpolymetallic veins exposed on surface for 200 m and up to 4.5 m widewith up to 700 m of vertical relief, where grab samples assayed up to231.81 g/t AuEq or 7.45 oz/t AuEq (226.94 g/t Au, 335.00 g/t Ag, 0.00% Cu, 4.99 % Pb and 0.01 % Zn) that remains open.
41% (219 samples out of 527) collected within theEldorado System in 2024 and 2025 assayed 1 g/t AuEq; 65% (28 samplesout of 43) collected within the Gold Swarm Zone in 2024 and 2025assayed 1 g/t AuEq.
Link to map withsamples > 1 g/t AuEq
Gold samples up to 256.60 g/t or 8.25 oz/t, silversamples up to 2810 g/t or 90.34 oz/t, and copper samples up to 14.40 %were collected on Big One.
The polymetallic veins, alteration signature,geochemical pathfinder element signature, and geophysical anomaliesstrongly indicate the presence of a large common buried gold, silver,copper-rich porphyry feeder source or similar magmatic source orsources at depth responsible for the extensive district-scalehigh-grade gold, silver, copper veining confirmed on surface.
Detailed mapping has confirmed that mineralization atEldorado and Gold Swarm is linked to a Jurassic to Cretaceoustranspressional system and intrusive sources, coeval with the magmaticevents that formed the nearby multi-million-ounce Galore Creek copper,gold, silver porphyry deposit.
The district scale system shows widespreadporphyry-style propylitic alteration, with the final phase ofalteration occurring simultaneously with mineralization, which willhelp vector towards the potential source of the mineralization seen inthe gold-rich shear zones and veins on surface that remainopen.
Mineralized veins and shear zones were emplaced throughbrittle-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 assimilar geochemical signatures and textures of the gold-mineralizedveins along the 15 km Highway of Gold corridor surrounding the snowcapof Deeker Glacier strongly indicating that the gold-richmineralization found throughout is all part of one district-scale goldsystem that remains open.
The recently received 5-year drill permit, valid untilMarch 31, 2031, will allow the Company to define the extent of themineralization at depth as well as fully understand the geometry of the system and related drivers of themineralization in preparation for a future resource.
The Big One property is situated in a region that iswell known for hosting precious metal and porphyry deposits, severalof which occur near the property including the multiple porphyrysystems at Galore Creek, the world’s largest known gold reserve atKSM and the polymetallic copper project at Shaft Creek, as well as theBrucejack high-grade epithermal gold deposit, and the structurallycontrolled high-grade hydrothermal gold-silver zones at Trophy andSphal Creek. The property geology is favorable to host these types ofdeposits, as confirmed by the presence of extensive areas ofpropylitic alteration, untested geophysical anomalies, strong silt,soil, and rock geochemistry, including pathfinder elements directlyrelated to porphyry systems, key structures and textures,porphyry-style mineralization, and high-grade polymetallic veins, thathave been discovered on the Big One property.
The Big One property can be accessed year-round viahelicopter from the Glenora/Telegraph Creek Road at the BarringtonMine (33 km to the north-northeast) as well as the Galore Creek Road(15 km to the southeast). The Canadian government committed $20 M toextend/improve the Galore Creek Road to within 15 km of the Big Oneproperty. The property is 2 km west of the Scud River airstrip used inthe early days of Galore Creek.
The Big One property exploration qualifies for theCritical Mineral Exploration Tax Credit (CMETC).
About Juggernaut ExplorationLtd.
Juggernaut Exploration Ltd. is an explorer andgenerator of precious metals projects in the prolific Golden Triangleof northwestern British Columbia. Its projects are located in globallyrecognized geological settings and in geopolitically stablejurisdictions, making them amenable to mining in Canada. Juggernaut isa member and active supporter of CASERM, a collaborative venturebetween the Colorado School of Mines and Virginia Tech. Juggernaut’skey strategic cornerstone shareholder is Crescat Capital.
For more information, please contact:
Juggernaut Exploration Ltd.
Dan Stuart
Chief Executive Officer, Director
Tel: (604)-559-8028
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Qualified Person
Rein Turna, P. Geo, is the qualified person as definedby National Instrument 43-101, for Juggernaut Exploration projects,and supervised the preparation of, and has reviewed and approved, thetechnical information in this release.
Disclaimer
The reader is cautioned that grab samples are spotsamples, which are typically, but not exclusively, constrained tomineralization. Grab samples are selective in nature, collected todetermine the presence or absence of mineralization, and are notintended to be representative of the material sampled.
QA/QC Protocol
Grab, channels, chip, and talus samples were collectedby foot with helicopter assistance. Prospective areas included, butwere not limited to, proximity to MINFile locations, placer-creekoccurrences, regional soil anomalies, and potential gossans identifiedfrom high-resolution satellite imagery. The rock grab and chip sampleswere extracted using a rock hammer, or hammer and chisel, to exposefresh surfaces and to liberate a sample of anywhere between 0.5 and5.0 kilograms. All sample sites were flagged with biodegradableflagging tape and marked with the sample number. All sample sites wererecorded using hand-held GPS units (accuracy 3-10 meters) and sampleID, easting, northing, elevation, type of sample (outcrop, subcrop,float, talus, chip, grab, etc.), and a description of the rock wererecorded on all-weather paper. Samples are then inserted in a cleanplastic bag with a sample tag for transport and shipping to thegeochemistry lab. QA/QC samples, including blanks, certified referencematerials, and duplicate samples, are inserted regularly into thesample sequence at a rate of 10%.
All samples are transported in rice bags sealed withnumbered security tags. The rice bags are transported from the coreshacks to the MSALABS facilities in Terrace, BC. MSALABS is certifiedwith both AC89-IAS and ISO/IEC Standard 17025:2017. The core samplesundergo preparation via drying, crushing to ~70% of the materialpassing a 2 mm sieve, and riffle splitting. The sample splits areweighed and transferred into three plastic jars, each containingbetween 300 g and 500 g of crushed sample material. A 250 g split ispulverized to ensure that at least 85% of the material passes througha 75 µm sieve. The crushed samples are transported to the MSALABSPhotonAssayTM facility in Prince George, where gold concentrations arequantified via photon assay analysis (method CPA-Au1). Samples thatresult in gold concentrations ?5 ppm are analyzed to extinction.Photon assay uses high-energy X-rays (photons) to excite atomic nucleiwithin the jarred samples, inducing the emission of secondary gammarays, which are measured to quantify gold concentrations. The assaysfrom all jars are combined on a weight-averaged basis. Multielementanalyses are carried out at the MSALABS facilities in Surrey, BC,where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230methods. The IMS-230 method uses 4-acid digestion (a combination ofhydrochloric, nitric, perchloric, and hydrofluoric acids) followed byinductively coupled plasma emission spectrometry to quantifyconcentrations of 48 elements. Samples with over-limit 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 4-aciddigestion followed by inductively coupled plasma emissionspectrometry.
Gold Equivalent (AuEq) metal values are calculatedusing: Au 4004.43 USD/oz, Ag 48.80 USD/oz, Cu 5.09 USD/lbs, Pb 2026.43USD/ton and Zn 3054.88 USD/ton on October 31, 2025. There is potentialfor economic recovery of gold, silver, copper, lead, and zinc fromthese occurrences based on other mining and exploration projects inthe same Golden Triangle Mining Camp with a similar style ofhigh-grade gold mineralization, where Juggernaut’s project islocated, such as the Brucejack Mine and the Homestake Ridge GoldProject. Here, AuEq values were calculated using multi-year runningaverages for metal price, and included provisions for metallurgicalrecoveries, treatment charges, refining costs, and transportation.Recoveries for Au, Ag, Cu, Pb, and Zn on Big One are not known but areassumed to be similar, with 85 % gold recovery, 75 % silver recovery,75 % copper recovery, 75 % zinc recovery, and 50 % Pb recovery. Thequoted reference of metallurgical recoveries is not fromJuggernaut’s Big One project, and there is no guarantee that suchrecoveries will ever be achieved, unless detailed metallurgical work,such as in a Feasibility Study, is completed on the Big Oneproject.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONSERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXVENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosures in this release may constituteforward-looking statements that are subject to numerous risks anduncertainties relating to Juggernaut’s operations that may causefuture results to differ materially from those expressed or implied by those forward-looking statements,including its ability to complete the contemplated private placement.Readers are cautioned not to place undue reliance on thesestatements.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S.PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESSRELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TOPURCHASE ANY SECURITIES DESCRIBED IN IT.
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