Vancouver, Britich Columbia--(Newsfile Corp. - October 30, 2017)
- Jaxon is pleased to announce that it will be commencing its Phase
1, 2,000-metre diamond drilling program this week on the Max Target
at its 44,000-hectare Hazelton Project in the famed Skeena Arch of
northwest British Columbia, Canada.
As previously reported, the Max Target is characterised by
volcanogenic massive sulphide (VMS) high-grade silver, zinc and
lead mineralisation in sporadic outcrops over a roughly one square
Apex Diamond Drilling of Smithers, BC, is mobilizing this week
to commence a Phase One diamond (core) drilling program on the Max
Target consisting of 13 drill holes (NQ-size) totalling
approximately 2,000 metres.
Drilling in the Phase 1 program will be focused primarily on
geophysical targets interpreted to be associated with sulphide
mineralisation. Recent channel samples believed to be related to
these anomalies returned values including 6,958 g/t silver over
0.5m and 31.92% zinc over 1.0m.
Recently completed 2D and 3D Induced Polarization (IP)
geophysical surveys indicate extensive high-chargeability and
low-resistivity anomalies from surface to a depth of approximately
150 metres. These anomalies are interpreted to be related to
Jason Cubitt, Jaxon's President and CEO, commented: "We are
obviously excited to be drill-testing a target with this kind of
potential and I would like to congratulate the entire team on the
exceptional work they've done both in the field and behind the
scenes — compiling, integrating, and interpreting historic and
Carl Swensson, Jaxon's VP Exploration, commented: "We have
benefited from a significant amount of historic work by previous
operators in the area, including a 1988 shallow-depth drilling
program. Out of eighteen holes from this historical program, six
came close to the edge or minimally penetrated our geophysical
target zones. Significant mineralization was found to be coincident
with high chargeability anomalies in each of these six holes."
See 3D video of historical and planned drilling
The first batch of samples is expected to be delivered to the
lab for assay by mid-November. The objective of the Phase 1
drilling program is to determine the geometry, continuity and grade
of mineralisation at depth. A further objective is to demonstrate
the viability of electrical geophysics as an exploration tool for
the Max mineralisation and will provide the opportunity for further
down-hole geophysics to better define the geometry of any
mineralisation intersected during the program. In addition it is
anticipated that the results will add to our knowledge of the
nature of the Max mineralisation and its controls.
The company will provide timely news release updates on the
progress of drilling over the coming weeks and will post videos and
photos on its website at
All channel samples were shipped to MS Analytical of Langley,
British Columbia, where they underwent 39 Multi-Element, 20 g Aqua
Regia ICP-AES/MS Ultra Trace Level Analyses (Code IMS-117).
Over-limits were re-assayed using Multi-Element 4-Acid, ICP-AES,
Ore Grade analysis (Code ICP-240), and for select samples an Ag
Fire Assay 30 g Gravimetric Fusion (Code FAS-418).
This news release has been reviewed by Case Lewis, P.Geo. (a
qualified person for the purpose of National Instrument 43-101,
standards and disclosure for mineral projects.)
Jaxon is a precious and base metals exploration company with a
regional focus on Western Canada. The company is currently focused
on advancing its Hazelton Project in north-central British Columbia
and the More Creek Project (consolidating the Wishbone and Foremore
properties) in BC's Golden Triangle.
ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINING INC.
Jason Cubitt, President.
For further information regarding
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Toll free: 1-877-608-0007.
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