JAXON MINING INC. The 2023 work programs will build upon initial work the Company conducted in 2021 and include additional rock and soil sampling, mapping the extent of the multiple sampled antimony mineralization zones, and using portable rigs to drill test near surface antimony targets. The objective of the programs is to generate an antimony-focused geological model that can be utilized to further visualize the geological controls on the antimony mineralization. The conceptual geological model will be used to organize and focus additional work programs, and to develop large, deeper drill targets for future, potential resource delineation.
Based on 2021 sampling results, the field team will test the antimony-gold polymetallic targets the Company has developed around the locations of historical drill pads where Noranda drilled a total of 378 m across six shallow holes in 1986 and 1987. It is the Company's view that Noranda's holes were drilled parallel to the dip of the SbAu polymetallic mineralization, hitting the footwall and missing the intended target.
A high-grade Sb-Au-Ag-Pb-Zn-Au massive sulfide mineralization zone up to 1.5 km long and 2-5 m wide was confirmed with surface rock and chip sampling at
The field team is expected to be deployed to
Antimony - A Critical Mineral
As the Company's portfolio includes multiple projects that include critical minerals such as antimony and copper, the Company qualifies for the '30% Critical Mineral Exploration Tax Credit' (30% CMETC) recently announced by the
Antimony is used in the manufacturing of: Military applications such as weapons, communication equipment, military clothing, and supplies High-tech applications including semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries Green energy applications such as solar panels, wind farms and the next generation of liquid metal batteries As of
Rock and Soil Sampling and Analytical Procedures
All samples described in this news release were collected by the Company's qualified professional geologists. Chip and prospecting samples were collected in the field by experienced, professional geological staff who selected hand samples from outcrop or chip samples. The samples were numbered, described and located in the field for follow-up. Numbered rock sample tags were placed inside each bag and securely closed for transport to the Company's secure cold storage facility in
Soil samples were taken on a 50 m by 50 m grid along the mineralization zone. Approximately 200 g to 300 g of soil were sampled at a depth of approximately 25 cm to 30 cm from surface. Soil sampling primarily targeted the B horizon where appropriate, and samples were collected in labelled craft paper bags. Soil samples were analyzed via PXRF (Portable Thermo Scientific Niton XL3t GOLDD+ X-Ray Fluorescence Analyzer) for Cu, Pb, Zn, Ag, Mo, Sb and
About
Jaxon pursues the discoveries of deeper, under cover, commercial scale and grade Cu, Au, Ag, polymetallic porphyry epithermal systems. Jaxon has seven large-scale porphyry system targets on its 100% controlled
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This news release may contain forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties, and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include but is not limited to, the Company's objectives, goals, or plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. No assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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