TORONTO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Juno Corp. ("Juno” or the "Company”), a private Ontario-based exploration company and the largest mineral landholder in the critical and precious mineral-rich Ring of Fire, is pleased to announce milestones from its highly successful exploration program in 2024. The Company has discovered multiple zones of gold mineralization within the North Arm area of the Ring of Fire and has expanded its land position by 800 km2 to enclose an extensive and highly prospective greenstone belt (Figure 1).
Discovery Highlights - Grade, Scale, Growth, Golden Opportunity
- Pluto Discovery drilling highlights:
- Hole PLU-24-001 intersected 3.85m grading 78.9 g/t gold starting at 104m depth
- Hole PLU-24-007 intersected 16.0m grading 4.0 g/t gold starting at 297m depth
- North Edge Discovery drilling highlights:
- Hole NDG-24-002 intersected 2.26m grading 25.9 g/t gold starting at 19.5m depth
- Visible gold observed at both Pluto and North Edge.
- All 26 of the 26 holes drilled intersected gold, ranging from multiple ounces to anomalous levels.
- Staked 800km2 to grow the favorable potential gold trends to150km in length.
- Five gold bearing structures confirmed, with many more remaining untested.
- Confirmed 19 kilometers of gold bearing greenstones hosted in multiple structures.
- Early-stage exploration indicates the potential new gold district.
North Arm Gold Discoveries - A New Gold District
In 2024, Juno commenced exploration work with its proprietary Juno Scout Rig, drilling the first holes in the previously unexplored North Arm greenstone belt along the northern margin of the Ring of Fire. The first hole at Pluto intersected extensive visible gold at a depth of 106m, with subsequent drilling revealing a large-scale gold-bearing system. A total of four holes were drilled at Pluto, each to a depth of 250m covering over 300m of strike along a structural corridor hosted in mafic volcanics typical of greenstone belts in Ontario and Canada. Holes PLU-24-001 and PLU-24-004 intersected the highest grades at Pluto to date. (see Figure 2).
While awaiting assays results from Pluto, the Juno Scout Rig was relocated 12km to the east to the North Edge target along the same greenstone belt. Two holes were drilled at North Edge, with both intersecting gold mineralization. Hole NDG-24-002 identified visible gold at a depth of 19.5m.
Drilling was paused to complete detailed drone magnetic ("mag') surveys at Pluto, North Edge and another priority target in the North Arm. The high-resolution surveys allowed Juno's exploration team to refine structural interpretations and guide a second phase drilling in November-December 2024.
Follow-up drilling tested four additional structures, all of which are now confirmed to host gold mineralization. This expanded the strike length of the system from 12km to 19km and intersected ultramafic rocks, a favorable host for copper-nickel-platinum group metal (PGM) magmatic sulphide deposits, similar to host at Eagle's Nest in the southern Ring of Fire.
North Arm Next Steps
In the coming weeks, Juno will commence its 2025 exploration campaign, starting with a detailed 3D IP (induced polarization) survey at Pluto and along confirmed gold trends and structures. Gold mineralization encountered to date is associated with sulphide mineralization (pyrite and arsenopyrite), which respond well to IP surveys. The survey aims to identify potential sulphide accumulations and gold mineralization.
Juno will also conduct an 11,000-line kilometer airborne survey over the North Arm and newly staked 800 km2 area. The survey will collect high-resolution magnetic, electromagnetics and magnetotelluric data. These data will enhance structural and geological interpretations, identify new conductors with the potential of critical and precious metal deposits, and map deep-rooted structures.
Drilling is anticipated to resume following the completion of the IP survey, with the Juno Scout Rig potentially deployed earlier to other high-priority targets such as Vespa and Vulcan.
This release demonstrates Juno's commitment to unlocking the gold potential of the Ring of Fire and establishing a new gold district in Ontario.
Figure 1: Juno claim holdings and gold discovery locations in the Ring of Fire
Figure 2. Hole locations at Pluto and North Edge over geology
Table 1: Hole location and orientations for Pluto (PLU) and North Edge (NDG) drilling
| Hole ID | Easting | Northing | Elevation | Azimuth | Dip | Length |
| NDG-24-001 | 538351 | 5904725 | 155 | 180 | -65 | 248 |
| NDG-24-002 | 538420 | 5904667 | 155 | 0 | -70 | 251 |
| NDG-24-003 | 538400 | 5904640 | 155 | 45 | -65 | 252 |
| NDG-24-004 | 538332 | 5904627 | 155 | 45 | -55 | 252 |
| NDG-24-005 | 538332 | 5904627 | 155 | 315 | -55 | 252 |
| NDG-24-006 | 538440 | 5904895 | 155 | 359.77 | -55 | 255 |
| NDG-24-007 | 539015 | 5904590 | 155 | 334.94 | -55 | 252 |
| NDG-24-008 | 543880 | 5903710 | 155 | 334.77 | -55 | 252 |
| NDG-24-009 | 543550 | 5904020 | 155 | 45 | -55 | 252 |
| NDG-24-010 | 543455 | 5903995 | 155 | 325 | -55 | 252 |
| PLU-24-001 | 526659 | 5906774 | 155 | 250 | -80 | 225 |
| PLU-24-002 | 526659 | 5906774 | 155 | 250 | -70 | 249.39 |
| PLU-24-003 | 526620 | 5906695 | 155 | 15 | -55 | 249 |
| PLU-24-004 | 526505 | 5906990 | 155 | 285 | -55 | 251 |
| PLU-24-005 | 526470 | 5906630 | 155 | 49.9 | -50 | 413 |
| PLU-24-006 | 526470 | 5906630 | 155 | 50.1 | -70 | 473 |
| PLU-24-007 | 525950 | 5907265 | 155 | 39.56 | -45 | 500 |
| PLU-24-008 | 526795 | 5906381 | 155 | 40.3 | -50 | 461 |
| PLU-24-009 | 525390 | 5906580 | 155 | 350 | -60 | 491 |
| PLU-24-010 | 525980 | 5906680 | 155 | 10 | -55 | 252 |
| PLU-24-011 | 525390 | 5906580 | 155 | 350 | -45 | 476 |
| PLU-24-012 | 526740 | 5906486 | 155 | 50 | -55 | 252 |
| PLU-24-013 | 525390 | 5906580 | 155 | 350 | -75 | 416 |
| PLU-24-013a*1 | 525390 | 5906580 | 155 | 350 | -75 | 20 |
| PLU-24-014 | 526981 | 5906242 | 150 | 30 | -55 | 252 |
| PLU-24-014a*1 | 526981 | 5906242 | 150 | 30 | -55 | 54 |
| PLU-24-015 | 529165 | 5905805 | 155 | 20 | -45 | 347 |
| PLU-24-016 | 526181 | 5907288 | 155 | 55 | -60 | 150 |
Table 2: Gold intervals from Puto and North Edge drilling
| Hole | From | To | Length | Au g/t |
| NDG-24-001 | 113.00 | 116.00 | 3.00 | 0.17 |
| NDG-24-002 | 14.25 | 16.75 | 2.50 | 0.13 |
| NDG-24-002 | 19.47 | 21.74 | 2.27 | 25.9 |
| including | 19.47 | 20.27 | 0.80 | 72.9 |
| NDG-24-002 | 132.00 | 132.87 | 0.87 | 0.76 |
| NDG-24-003 | 93.20 |
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