Source: Jaxon Mining
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Jaxon (JAX) samples up to 29.69 per cent antimony at Kispiox Mountain
  • 54 rock samples and 11 soil samples were collected during the 2021 field season
  • A high-grade sample with up to 29.69 per cent antimony was collected from within an eight to 10 metre wide sulfide quartz veined mineralized zone
  • Limited historical work has been carried out at the Kispiox project area with only one MINFILE on record
  • Jaxon has seven porphyry system targets on its 100 per cent controlled Hazelton property
  • Jaxon Mining Inc. (JAX) is trading at C$0.040 at 10:55 am EST 

Jaxon Mining (JAX) has shared results from the 2021 soil and rock sampling program at the Kispiox Mountain project on the Hazelton Property.

A total of 54 rock samples and 11 soil samples were collected during the 2021 field season.

A high-grade sample with up to 29.69 per cent antimony was collected from within an eight to 10-metre wide sulphide quartz veined mineralized zone. Three sulphide quartz mineralized zones with antimony have been identified in the area.

The Kispiox Mountain project is one of seven copper, polymetallic, porphyry-epithermal targets Jaxon is advancing on its 100 per cent owned 723 km2 Hazelton property, located in northwest British Columbia, approximately 50 km north of Smithers, BC.

John King Burns, CEO and Chairman of Jaxon, commented, “The rocks with these high-grade antimony results were taken from the propylitic alteration zone at the top of Kispiox Mountain.”  

“With the current information, Kispiox Mountain porphyry ranks at number four behind the Netalzul Mountain, Red Springs, and Blunt Mountain projects,” added Burns.

The Kispiox Mountain project is located approximately 16 km northwest of New Hazelton, BC and 70 km northwest of Smithers, BC. It is one of seven projects 100 per cent owned by Jaxon.

Limited historical work has been carried out at the Kispiox project area with only one MINFILE on record, the “Date showing”. The Date showing is located on the southeast flank of Kispiox Mountain, 19 kilometres northwest of Hazelton.

The area is underlain by sedimentary rocks of Late Jurassic Bowser Lake Group, intruded by a small granodiorite body of the Late Cretaceous Bulkley intrusions.

Anomalous Au, Ag, Cu, Mo, Pb and Zn were found in various rock and soil samples. Due to the rugged nature of the terrain, the exploration work was limited in extent. There has been no trenching or drilling at the Kispiox area.

The Kispiox project is underlain by a series of sedimentary strata of the Late Jurassic Bowser Lake Group and Lower Cretaceous Kitsuns Creek Formation of Skeena Group intruded by numerous Late Cretaceous porphyritic intrusions of Bulkley Plutonic Suite.

Chip and prospecting samples were collected in the field by experienced, professional geological staff who selected hand samples from outcrop or chip samples. The samples were numbered, described and located in the field for follow-up. 

Soil samples were taken randomly among the mineralization zones.

Approximately 200 g to 300 g of soil was sampled at a depth of approximately 25-30 cm from the surface.

Soil sampling primarily targeted the B horizon where appropriate, and samples were collected in labelled craft paper bags. Soil samples were analyzed via PXRF for Cu, Pb, Zn, Ag, Mo, Sb and W.

Rich in large-scale geological targets/assets, Jaxon has seven porphyry system targets on its 100 per cent controlled Hazelton property, an interconnected network of concessions spanning 700 km2 in the Skeena Arch in northwest British Columbia, Canada.

Jaxon Mining Inc. (JAX) is trading at C$0.040 at 10:55 am EST.

More From The Market Herald
Barrick Gold - CEO, Mark Bristow

" Barrick Gold (TSX:ABX) announces $70M investment in Tanzanian communities

Barrick Gold Corporation (ABX) has announced a $70 million investment to support the development and infrastructure of Tanzanian mine communities.

" Durango (TSXV:DGO) closes $515K flow through financing

Durango Resources (DGO) has closed its private placement for gross proceeds of C$515,500.
Tocvan Ventures (CSE:TOC) - CEO, Brodie Sutherland.

" Colibri (CBI) and Tocvan (TOC) report gold discoveries at Pilar Gold & Silver Project

Tocvan Ventures (TOC) and Colibri Resource Corp (CBI) have received drilling results from the Pilar Project.

" Pure Gold Mining (TSXV:PGM) closes $31M non-brokered private placement

Pure Gold Mining (PGM) has closed the final tranche of a non-brokered private placement for total gross proceeds of C$31,086,144.