TheNewswire
19 Aug 2026, 11:45 UTC · 1h ago
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Maiden drilling confirmed the Big Mac Zone extends to a depth of 500m and a strike of 450m, with mineralization intervals up to 30.11 meters. — Establishing the physical scale and continuity of a mineralized zone significantly increases the probability of a commercially viable resource.
+0.60Juggernaut expanded its 2026 drill program by approximately 30%, increasing the total from 10,000m to 13,000m. — Increased drilling expenditure based on initial results signals management's high confidence in the target's potential.
+0.40Surface samples at the Big Mac Vein returned high-grade gold assays up to 114.60 g/t AuEq. — High-grade surface samples provide a bullish benchmark for the pending assay results of the drill holes.
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Microscopic inspection identified coarse-grained, free-milling gold, indicating favorable metallurgical processing characteristics. — Free-milling gold typically reduces processing costs and increases recovery rates, improving project economics.
+0.20Pervasive propylitic alteration confirmed in all drill holes suggests the proximity of a buried porphyry core. — The potential for a larger porphyry system suggests the discovery could be significantly larger than the current vein targets.
+0.20Which stocks this story touches
The company reported highly positive initial drill results, including broad mineralization zones and high-grade surface samples, leading to an expansion of their drill program.
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Kitco
45m ago
