Sign up Canada
Proactive Investors - Run By Investors For Investors

Jaxon Mining to focus on newly discovered Red Springs target when Hazelton exploration starts next month

Concurrently, reinterpretation of geophysics data from last year's fall programme will continue at the Max target
Trucks at Hazelton, Britsih Columbia
First phase drilling at Hazelton last November

Metals explorer Jaxon Mining Inc (CVE:JAX) will kick-start exploration at the Hazelton project in BC next month (June), it said.

The company will initially focus on the newly discovered Red Springs target within the same Hazelton project area, 50km north of Smithers in the Skeena Arch area.

Concurrently, reinterpretation and analysis of geophysics data from last year's fall programme will continue at the Max silver, zinc project.

The first phase of work at Red Springs will take six weeks and the aim is:

To define the extent, distribution and geometry the of high-grade gold-mineralised breccia occurrences at surface.

To define the genetic and spatial relationships between the large porphyry alteration zone and the mineralised breccias.

To establish high-priority drill targets for a scheduled summer 2018 drill programme.

Prospecting in the tail end of last year saw a total of 49 surface samples from  breccia exposures on the western side of the Red Springs alteration zone collected.

Jaxon said 26 of these were gold-bearing and eight of which contained gold ranging from 10 grams per tonne gold to 33 g/t (grams per ton) gold.

The identified area of breccia occurrences and alteration is around 36 sq km in size and Jaxon is pursuing  the notion that the high-grade gold breccias are a manifestation of a significant porphyry system at depth.

Jaxon shares eased  3.57% to C$0.14.

View full JAX profile View Profile

Jaxon Mining Inc Timeline

Related Articles

1516878599_58441.jpg
January 25 2018
Eurasia Mining has an enviable position in Russia platinum and platinum group metals
1524149660_JaxonMinerals3.png
April 19 2018
Jaxon has filed notice of work applications with the relevant authority for the More Creek project
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use