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Jaxon Mining Announces Completes Phase One of 2019 Exploration Work

Mining News - Published on Fri, 16 Aug 2019

Image Source: SteelGuru
Jaxon Mining Inc announced the discovery of three large outcrops of disseminated sulfides in porphyritic intrusions, as a result of the first phase of 2019 field work at the Company's Red Springs Copper-Gold Porphyry complex near Smithers, BC. The discovery supports the Company's porphyry system model, further indicating the existence of a major poly metallic, copper/gold bearing porphyry system at Red Springs. This first phase of field work commenced July 27,2019 and concluded August 7th, 2019. The field crew consisted of four Jaxon geologists led by COO and Chief Geologist, Tony Guo and five geologists from HEG & Associates led by HEG Vice President, Dylan Hunko. The teams focused on expanding the dataset around the Red Springs porphyry targets and high-grade gold-bearing tourmaline breccia zones, as first discovered in 2017 and 2018.

Highlights of the phase one field work completed include:

Three large outcrops of disseminated sulfides (pyrite and chalcopyrite) porphyry intrusions at the Red Springs copper-gold porphyry complex were discovered and sampled

150 outcrop chip and grab rock samples were collected from the Red Springs porphyry targets ( and from the high-grade gold-bearing tourmaline breccia zone in North Cirque where a sample with up to 33 g/t gold was taken and reported in the 2018 field work

90 rock samples collected by Jaxon have been delivered to MSA Lab in Langley, BC, Canada for assay; other rock and soil samples collected by HEG will be delivered to a certified assay lab the end of August 2019

Detailed geologic mapping, alteration mapping, fractured vein mapping of the Red Springs porphyry targets at a scale of 1:2000, conducted by HEG

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Posted By : Sanju Moirangthem on Fri, 16 Aug 2019
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