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Be the first with the news that moves the market- Jaxon Mining Inc (TSXV:JAX) has completed a geological assessment of part of its Skeena Arch and Laramide orogeny study
- The geological survey work was done to determine site could host a copper-gold system
- The company is building a detailed mineral map of the site, and has defined a number of potential drilling targets
- Follow-up drilling is planned at the end of the season to finish mapping the mineral model
- Jaxon Mining (JAX) is holding steady at C$0.05 per share
Jaxon Mining Inc (TSXV:JAX) has completed a geological assessment of part of its Skeena Arch and Laramide orogeny study.
The study was conducted on the company’s Hazelton property, and attempted to determine whether a porphyry copper-gold system could be lurking in the mineralization beneath the property.
The company had several targets it determined were worth investigating.
The company used geophysical information, alongside structural mapping and other datasets to direct exploration looking for copper porphyry systems.
Results from the work support the company’s modelling of the site and will allow the company to more precisely build its 3D resource model for its 2020 exploration season.
John King Burns, CEO and Chairman of Jaxon, said the geophysics continued to be a valuable tool for the company, as the company worked to build a detailed resource model of the Hazelton site.
“We are applying all appropriate tools to help us build a better model of our targets.
“This allows our team to delineate accurately and create a well-developed picture of our targets before commencing drill testing at the end of the 2020 field season or in the 2021 work season.
“The study identified porphyry targets in each of our four attributed orientated induction method areas
“The company will follow up on the study with targeted and more granular geophysical programs and other sampling and structural mapping work early in the 2020 work season,” he said.
In related news, the company has employed Dr Jon Woodhead, a Colorado native who specialises in the geophysical mapping of porphyry mineral systems, to help develop the mineral map at the site.
Jaxon Mining Inc (JAX) is holding steady at C$0.05 per share
