Sign up USA
Proactive Investors - Run By Investors For Investors

Jaxon Mining looking for big tonnages up in the Skeena Arch

A first phase of fieldwork completed last month (August)underlined Hazelton's potential..
Jaxon Mining looking for big tonnages up in the Skeena Arch
Jaxon Mining has been very busy this summer in BC

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.

View full JAX profile View Profile

Jaxon Mining Inc Timeline

Related Articles

Platinumingot.jpg
June 15 2017
Eurasia Mining is making significant progress with its Russian platinum projects
Elementos: Access latest PPT from Proactive's CEO Sessions
July 26 2017
Chris Dunks discussed tin production timeline at Proactive's CEO Sessions.
1510084972_canadian-flag-1.jpg
November 07 2017
Work is currently testing a large 2-D anomaly at the southeastern edge of the target called the Hamblin zone.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2017. 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