Juno Corp. Discovers Extensive Critical Minerals in the Ring of Fire

• Drilling Results: 24 drill holes completed across 6 km of trend confirmed high grades of vanadium, titanium, scandium, and high-purity iron.
• Highlights:
  • VES-24-003: 103.0m grading 22.0% Fe, 4.33% TiO₂, 0.49% V₂O₅, from 62.0m depth
    • including 25.1m at 48.7% Fe, 10.9% TiO₂, and 1.23% V₂O₅. from 74.7m depth
  • VES-24-015: 79.8m grading 33.2% Fe, 7.51% TiO₂, 0.69% V₂O₅, from 12.2m depth
    • including 55.1m at 43.3% Fe, 10.2% TiO₂, and 0.93% V₂O₅. from 15.6m depth
• Wide spaced drilling and airborne magnetics indicate a large mineralization system, approximately 6 of 20 kilometers drilled to date.
• Interpreted folding of the zones may increase size potential.
• Anomalous copper, nickel, platinum and palladium encountered in drilling.

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Vespa mineralization occurs as a series of layers of massive magnetite (iron-oxide mineral) with surrounding semi-massive and disseminated magnetite with ilmenite (titanium oxide mineral). Vanadium occurs with magnetite at Vespa and typically increases in concentrations greater than 1% in the massive magnetite. High concentrations of magnetite results in a very strong magnetic signature and the mineralized intervals show well in magnetic airborne geophysical surveys. During the program a high-resolution, two-direction drone magnetic survey was conducted to refine the shape and scale of the potential zones of mineralization.

Multiple linear bands of highly magnetic geophysical responses have been drill-tested over approximately 6 kilometers of strike throughout the intrusive complex with drillholes up to 250 meters in length, using the proprietary Juno Scout Rig. The mineralization appears to be folded, which results in the banded pattern highlighted in the airborne and drone magnetic surveys.

Anomalous platinum, palladium as well as copper and nickel sulphides were encountered in several holes in the rock surrounding the massive and semi-massive magnetite mineralization.

Preliminary Metallurgical Test-work

Phase one metallurgical testing on Vespa drill core has confirmed the capacity to produce high-grade iron-vanadium and titanium-scandium concentrates, critical for aerospace and energy storage industries. Metallurgical testing, including magnetic separation and gravity test work, was conducted by ALS Metallurgy out of Kamloops, British Columbia, which is an independent laboratory. A massive sample set as well as a non-massive sample were used for the test work, both resulting in concentrates of 64 - 67% Fe with 1.8% V₂O₅ and a near 70% TiO₂ concentrate.

Future test work at Vespa will focus on titanium, vanadium, iron, and scandium recoveries and suitability for the metals in aerospace, such as in the most widely used titanium-aluminum-vanadium alloy (Ti-6Al-4V).

Figure 1: Juno claim holdings and discovery locations in the Ring of Fire

Figure 2. Hole locations at Vespa over drone magnetic survey

Table 1: Hole location and orientation details for Vespa drilling

Table 2: Mineralization intervals at Vespa