Sign up USA
Proactive Investors - Run By Investors For Investors
Why invest in JAX?
Jaxon Mining Inc: THE INVESTMENT CASE

Jaxon Mining getting going on the ground in the Skeena Arch

Work is currently testing a large 2-D anomaly at the southeastern edge of the target called the Hamblin zone.
Jaxon Mining getting going on the ground in the Skeena Arch
INVESTMENT OVERVIEW: JAX The Big Picture
The firm is exploing in British Columbia

Jaxon Mining Inc (CVE:JAX) is really getting going on the ground in British Columbia. 

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.

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
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.
Elementos: Access latest PPT from Proactive's CEO Sessions
July 26 2017
Chris Dunks discussed tin production timeline at Proactive's CEO Sessions.

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