What were the key results from the Juno Minerals (ASX:JNO) drilling at Mt Ida?

Juno Minerals completed 40 shallow reverse circulation (RC) holes totalling 1,450 metres at the Mt Ida prospect, successfully intersecting gold mineralisation.

Why does the Mt Ida drill program matter for JNO shareholders?

This maiden drilling campaign validates that the gold anomalies found in 2025 soil and channel sampling actually extend into the bedrock. By hitting significant grades at shallow depths (15 to 72 metres), the company has demonstrated the potential for a mineable gold deposit.

What is the geological nature of the QV1 structure at Mt Ida?

The QV1 structure is a northeast-southwest trending quartz vein that dips moderately to the east. While the majority of drill holes hit the target, the mineralisation is described as "erratic" with the lode exhibiting "pinching and swelling" (narrowing and widening).

How do the gold grades from Juno Minerals (ASX:JNO) compare to industry standards?

The company used a cut-off grade of 0.80g/t Au to define "significant" intercepts, which is standard for shallow, potentially open-pit targets. The standout result of 7.94g/t Au over 1m is considered high-grade, while the broader 3-metre intercept at 3.14g/t Au represents solid exploration-stage results.

What are the primary risks for Juno Minerals after this news?

The main geological risk is the "erratic" and "pinching" nature of the quartz vein, which may make it difficult to calculate a consistent or large-scale resource. There is also the standard "junior explorer" risk: Juno will likely need to conduct extensive follow-up drilling to prove commercial viability.

What was the scope and scale of the drilling campaign at Mt Ida?

The program was a first-pass, shallow campaign comprising 40 RC holes for a total of 1,450 metres. Hole depths were relatively modest, ranging from 15 to 72 metres, which allows for rapid and cost-effective testing of near-surface gold.

Does this news change the investment thesis for Juno Minerals (ASX:JNO)?

This news shifts JNO from a purely greenfields explorer to a company with a confirmed gold discovery at Mt Ida. For investors, this adds a "gold narrative" to a company that has historically been associated with other minerals.

Image for illustrative purposes only. Not a real photo.

Juno Minerals hits high-grade gold at Mt Ida prospect

Written by Mahathir BayenaPublished Mar 19, 2026, 11:59 PMLast Updated Jul 6, 2026, 10:43 AM

Juno Minerals (ASX:JNO) has concluded its maiden reverse circulation drilling campaign at the Mt Ida prospect, identifying gold mineralisation within the southern QV1 structure.

The exploration program, conducted throughout February and March, targeted a series of gold-in-soil anomalies and a northeast-southwest trending quartz vein.

A total of 40 shallow holes were completed for 1,450m, with drilling depths ranging between 15m and 72m.

The results have confirmed the down-dip continuity of mineralised lodes previously identified during late 2025 channel sampling.

Highlighting the program's success, several significant intercepts were recorded using a cut-off grade of 0.80g/t Au.

Intersections include a standout 3-metre interval grading at 3.14g/t AU from 30m in hole 26MIRC034, which featured a high-grade core of 1m at 7.94g/t.

Other results include 1m at 3.50g/t and 2m at 1.41g/t Au.

Geological observations indicate that while the target lode exhibits characteristic "pinching and swelling" with erratic mineralisation, the majority of holes intersected the target horizon.

The highest-grade intercepts appear concentrated in the north-eastern section of the QV1 structure, spanning approximately 150m of strike.

The company and its consultants, BM Geological Services, are reviewing the data to plan potential follow-up infill drilling to further define the scale of the Mt Ida discovery.

Juno Minerals hits high-grade gold at Mt Ida prospect

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