Juggernaut Exploration Ltd. is a project generator company exploring advanced precious and base metal related projects. The Company is focused on Northwest British Columbia including the Golden Triangle, an area known for its prolific mineral endowment.
The Company holds three projects in this region, all prospective for discovery and resource definition. Discoveries in terms of the significance of grade and continuity are already in place on the projects. The Company’s motto is “on track for discovery” and their work thus far shows a commitment to this cause for their shareholders. The Company recently announced the start of their 2024 exploration programs. The largest component of the program includes two 3,000 m drill programs, one each on their Bingo and Midas projects. We are expecting the drill programs to expand the known zones of mineralization at the projects and identify other structures or zones showing the expansion of the mineralization inventory. Based on the Company’s initial discoveries, delineation, and further definition of mineralization at its projects that we are recommending the stock as a Buy. Risk-tolerant investors looking for upside leverage to continued discovery and definition of gold, silver, and copper mineralization on their projects in the northwest of British Columbia are encouraged to further evaluate the opportunity with Juggernaut Exploration. Our fair market value for the Company derived from our estimates of value generated from the work planned, and potential additional funding, is C$0.36 on a partially diluted share total.
Investment Highlights
- Juggernaut Exploration Ltd. (TSXV: JUGR) owns three highly prospective projects within, and close to, the Golden Triangle in NW BC, a Tier 1 region known for significant discoveries and developments.
- Each project is known to host high-grade gold-rich polymetallic discoveries that deserve additional exploration and resource assessment.
- The Company is supported by a well-respected fund group Crescat Capital that holds just under 20% of the share capital.
- The Company raised C$4.8 million in the first half of 2024 to fund its planned exploration programs on two projects in 2024.
- Planned exploration of at least 6,000 m of drilling on their Bingo and Midas properties.
- Bingo prospect looks analogous to nearby Surebet discovery of multiple high-grade shears and veins
- Midas property Kokomo target shows indications of a high-grade VMS target like Eskay Creek
- Ownership in B-ALL Syndicate provides exposure to additional discovery in NW BC.
- Based on the Company’s initial discoveries, delineation, and further definition of mineralization at its projects that we are recommending the stock as a Buy with a fair market value target of C$0.36.
