Jaxon Minerals gears up to explore high-grade prospects

Field work at the Hazelton polymetallic property north of Smithers, British Columbia. Photo courtesy Jaxon Minerals Inc.

Jaxon Minerals Inc. [JAX-TSXV; JXMNF-OTC] has filed a notice of work application with the British Columbia Ministry of Mines for a spring/summer 2017 work program on its 28,000-hectare Hazelton precious and base metals prospect located in northwest BC.

Situated about 50 km north of Smithers in what is known as the Skeena Arch, the company has planned mechanical trenching, induced polarization surveys and exploration drilling. Data from an earlier 464-line-km airborne geophysical survey are being modelled and evaluated. Anomalous geochemical survey and geophysical targets will be followed up during the program. First work will involve rehabilitation of roads, trails and examination of the numerous historic sulphide mineralized exposures.

Targets are shallow-marine VMS deposits with an epithermal component of precious and base metals containing bonanza shipping grade ore. The Knoll showing on the Hazelton property has been identified by the BC Department of Mines as being geologically similar to Barrick Gold’s 5 million ounce gold equivalent, past-producing Eskay Creek Mine in the region.

The similarities include the age of the host rocks, the stratiform nature of some sulfide zones, the high silver values and the presence of 19 massive-sulfide bearing-bearing outcrops west of an extensive 3,000 x 700-metre soil grid. Widespread soil anomalies and surface showings have returned assays up to 3,397 g/t silver, 22.7 g/t gold and 22.29% zinc.

During historic exploration, samples from trenches returned up to 1 kg/t silver to over 3 kg/t silver in multiple occurrences over a 1 km2 area and a 500-metre vertical elevation.

Of note, there is $3 million worth of historical data available from the 1980s when drilling was carried out before the Eskay Creek VMS model was recognized and drilling turned out to be too shallow and targeted veins rather than stratiform mineralization

Jaxon Minerals also holds the 4,000-hectare Wishbone property located 70 km north of Eskay Creek and approximately 30 km southeast of the Nova Gold/Teck-owned Galore Creek property.  The property was originally staked by Cominco in 1980.

The most consistent channel samples in a single vein averaged 7.8 g/t gold over an average vein width of 2.4 metres and a strike length of 78 metres. There is a mineralized boulder train and outcrop consisting of disseminated massive sulphides in quartz carbonate vein material with assay values ranging up to 6.7 kg/t silver, and 8.2% copper. The longest vein is exposed intermittently for some 550 metres.

Exploration for the upcoming program at Wishbone includes examination of newly exposed ground from the glacial met as well as property-wide sampling and reconnaissance.

Jason Cubitt is President and CEO of Jaxon Minerals which has 37,805,339 shares outstanding.

Filed in: Gold, Resources

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