- Jaxon Mining has announced the expansion of its Hazelton property
- The company now has seven projects on the property
- J.T. Thomas Diamond Drilling will execute the 2021 drilling program, starting with the Netalzul Mountain project
- Jaxon Mining is a Canadian-based exploration and development company
- Jaxon Mining (JAX) is up 7.14 per cent and is currently trading at C$0.075 per share
Jaxon Mining has announced the expansion of its wholly-owned Hazelton property by staking and acquiring 14 additional mineral tenures.
The company now has seven projects on its Hazelton property: Netalzul Mountain, Red Springs, Blunt Mountain, Max, Mount Thoen, Rocher Deboule Mountain and Kispiox Mountain.
Jaxon Mining has retained J.T. Thomas Diamond Drilling to provide services for the 2021 drilling program, starting with the phase one 4,000-metre core drilling program at the Netalzul Mountain project.
J.T. Thomas Diamond Drilling Ltd. is a diamond and geotechnical drilling company with over forty years of experience servicing the mining industry.
The Netalzul Mountain project exhibits extensive geochemical and geophysical anomalies and surface showings of high-grade, structurally controlled, polymetallic, intermediate sulfidation type Ag, Au, Cu and porphyritic Cu-Mo mineralization.
John King Burns, Chairman and CEO of Jaxon Mining, commented,
"We continue to strategically expand the Hazelton property based on the vision of our geological team, supported by our conceptual model. We will launch our 2021 drilling program at Netalzul Mt, along contact zones visibly pregnant with metal at surface.
The drilling results are expected to confirm both Netalzul and Red Springs as material discoveries and accordingly, we expect a re-valuation of Jaxon for the benefit of all Jaxon stakeholders."
Jaxon Mining is a Canadian-based exploration and development company pursuing the discoveries of commercial scale and grade Cu, Au, Ag, polymetallic projects.
Jaxon Mining (JAX) is up 7.14 per cent and is currently trading at C$0.075 per share as of 1:49 pm ET.