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Jaxon Mining identifies high priority drilling sites at More Creek; Hazelton project roars forward

Jaxon has filed notice of work applications with the relevant authority for the More Creek project
Jaxon Mining identifies high priority drilling sites at More Creek; Hazelton project roars forward
There is a high potential for discovery between the BRT and Ryder zones

There was more good news from Jaxon Mining Inc (CVE:JAX) today as it reported it had received strong initial assay results from its first pass sampling at the More Creek Project in the Golden Triangle in northern British Columbia.

READ: Jaxon Mining confident ahead of this year's field season, which kicks off next month

As a result of the findings, Jaxon has submitted a work notice, including drilling on high-grade gold, silver and mineral deposits.

Jaxon has completed more than $10 million of historical work at the project, including the compilation of substantial amount of data from 71 drilled holes.

Area between the BRT and Ryder zones looks particularly promising

The initial focus of the drilling will be placed on two mineralized volcanogenic massive sulfide ore areas: the BRT zone and the Ryder zone. Historically, over 10,000 m of drilling within the zones was completed with encouraging results – particularly in a 2 km section located between the zones. This connecting area will be the first point of focus for drilling at More Creek. Both zones are significant sulphide discoveries and Jaxon considers there to be high potential for discovery between the BRT and Ryder zones.

Exciting news for Jaxon’s Hazelton project

Elsewhere, at Jaxson’s Hazelton Project, planning has continued for the 2018 summer drilling season. The company has hired a geological mapping and sampling team and drill permits for the program are in place.

"We are particularly encouraged to have such a large portfolio of high quality targets in two district-scale projects in demonstrably highly prospective regions of British Columbia,” said Jason Cubitt, Jaxon's president and chief executive officer. “We look forward to a very exciting field season in 2018 where we have a number of promising drill targets which we anticipate will provide frequent and positive news to our investors."

Jaxon engages in the acquisition, exploration and development of minerals in Canada. Its primary focus is on base and precious metals, such as silver, zinc, lead, gold, and copper deposits.

Shares in Toronto added 12% to C$0.14 each

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