It’s big country up in the Skeena Arch, Central British Columbia, but the rewards can be big too.
That’s the thinking anyhow behind the efforts of recently newly named Jaxon Mining Inc (CVE:JAX), which owns the Hazelton project across 28,000 hectares of prime BC ground, and which has demonstrated prospectivity soil anomalies and surface showings of up to 3,397 grams per tonne silver, 12.7 grams gold and 22.29% zinc.
A first phase of fieldwork completed last month (August)underlined Hazelton's potential and took the group further toward geologically mapping and modelling to "infer mineral potential at scale".
Increasing its footprint..
Most recently, the group further expanded its footprint at Skeena Arch (a trending belt of uplifted Jurassic and older rocks that transects BC) with news it is set to buy former producing mine - the Cronin silver-zinc-lead-gold mine.
Cronin lies 15km southeast of Jaxon's Hazelton property and the geological occurrence represents what the group suspects to be the southern extent of its targeted mineralized trend.
Significantly, the mine comprises underground workings from which historical production from 1917 to 1974 yielded 262,668 ounces silver, 1,517,881kg zinc, 282 ounces gold, 10,394 kg copper, 1,367,178 kg of lead and 18,012kg of cadmium, Jaxon revealed.
Indeed, the group has been busy consolidating its position and optioned a 75% interest in Rotation Minerals' Stock property.
The project covers 4,127 hectares and is just west of Ascot Gold's Dilworth property and south of Rotation's Scottie gold mine. It has been explored intermittently since 1921 and includes silver, gold, tungsten, copper, lead and zinc.
Acquiring Foremore property too..
It has also last month signed a definitive option agreement to acquire a 100%-interest in the Foremore property in north-west British Columbia.
The property is located 30 kilometres (km) north of Eskay Creek and 75 km north of Pretium's Brucejack property in the so-called 'Golden Triangle'.
The property extends north to Jaxon's 3,900-hectare Wishbone Property, expanding the company's contiguous land holdings in the region to almost 20,000 hectares.
And the group has not had any problems raising cash so far to realise its exploration aims.
In July, it closed a non-brokered placing for around C$2.022mln and unveiled plans to raise C$450,000 in another placing.