Today's release showed it had completed the first hole at the exciting Max target at the Hazelton property.
Work is currently testing a large 2-D anomaly at the southeastern edge of the target called the Hamblin zone.
Last month, Zijin Mining Group of China, and certain other investors subscribed for up to 5.63mln shares to raise C$1.81mln to help finance the winter/fall work at the silver, zinc/ VMS target.
The excitement surrounding the Hazelton prospect has been steadily building this year.
In September, Jaxon acquired three new claims known as the Skilokis property, which encompasses almost 130 hectares, 6km to the west of Max, adding to the firm's view of it being a possible "district play".
Sampling there has thrown up high grade silver grades and the highest tellurium value discovered to date at Hazelton.
The same month, Jaxon said it would buy the Cronin silver-zinc-lead-gold mine in the Skeena Arch - 15km southeast of Jaxon's Hazelton project.
"The type of mineralization and grade we see here is similar to our target silver mineralization at our Hazelton property and offers further evidence of the potential existence of a high-grade mineralized system of significant scale in this district," said Jaxon chief executive Jason Cubitt.
"We look forward to applying modern technologies to the assessment of resource potential at Cronin and the rest of our landholdings in the area."
Based on 1972 historical estimates, which, it is important to note, cannot be treated as current reserves or resources, the Cronin prospect hosts indicated reserves of 42,408 tonnes and inferred reserves of 117,923 tonnes.
First discovered in 1905, Cronin has seen numerous periods of exploration and production.
The mine comprises underground workings from which historical production from 1917 to 1974 yielded 262,668 ounces silver, 1,517,881 kilograms zinc, 282 ounces gold, 10,394 kilograms copper, 1,367,178 kilograms lead and 18,012 kilograms cadmium, reported Jaxon.
So, it's big country up in the Skeena Arch, Central British Columbia, but the rewards can be big too.
And that's the thinking behind Jaxon's efforts.