DGAP-News Jaxon Announces New Discoveries at Hazelton and Announces Financing
DGAP-News: Jaxon Minerals Inc. / Key word(s): Miscellaneous
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) is pleased to announce an update on its exploration program at its 100%-owned Hazelton Ag-Au-Zn-Pb Project. Jaxon will be issuing regular reports on this field program for the benefit of its shareholders.
Jaxon's field team, led by the company's Exploration Project Manager, Bruce Ballantyne, was mobilized to the field on June 3rd. The following is a summary of work being carried out:
- Rehabilitation of trails and trenches
- Preliminary reconnaissance
- Sampling and new discovery at Trench 742 South
- New discovery near 550 Trench
- Hydrogeochemical sampling
Preliminary reconnaissance was carried out over an area of approximately 1000 by 300 metres, in and around the known mineralization at the Max Zone. Max Zone target mineralization has been identified over roughly 1000 metres, down a moderate- to steeply-inclined slope from 800m to 550m elevation (a 250-metre vertical difference).
Sampling and New Discovery at Trench 742 South
Sampling work has been focused on Trench 742 South, which yielded historical values of up to 2,171 g/t Ag, 3.89 g/t Au, 18.8% Zn, and 39.5% Pb in grab samples, as previously reported. Rehabilitation and new channel sampling at two locations (7 and 6 metre channels, respectively) across the historical trench has revealed a massive sulphide unit overlain by a massive silver sulphosalt bed which has never been sampled continuously over its entire width.