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Jaxon Minerals TSXV:JAX

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2 months 2 weeks ago #121212 by Gambler
Gambler replied the topic: Jaxon Minerals TSXV:JAX
Great news, I wonder if Ron will do an update

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2 months 2 weeks ago #121210 by alexgreat
alexgreat replied the topic: Jaxon Minerals TSXV:JAX
Great news, drilling to start

Jaxon Commences Drilling Program on Backbone Gold-Bearing Tourmaline Breccia Zone at Its Red Springs Project

Vancouver, British Columbia--(Newsfile Corp. - October 4, 2018) - Jaxon Mining Inc. (TSXV: JAX) (FSE: OU31) (OTC: JXMNF) is pleased to announce that, as of this week, it has commenced Phase One of a 2,000 to 2,200 metre diamond drilling program on the Backbone gold-bearing tourmaline breccia zone at its Red Springs project, located on part of its 44,000-hectare Hazelton property in the Skeena Arch area of northwest British Columbia, Canada.

In a previous news release dated September 20, 2018, Jaxon identified the Backbone as a gold-bearing tourmaline breccia zone with a 1000-metre long strike, up to 15 metres wide. This zone, per previously released assay results, indicates the mineralization existence of high-grade gold up to 25.86 g/t with cobalt, copper, antimony and silver credits (Figure 1).

Drill Program Highlights:

Apex Diamond Drilling of Smithers, B.C. (Figure 2), is engaged to commence a Phase One diamond (core) drilling program on the Backbone tourmaline breccia zone consisting of 8 drill holes (HQ/NQ-size) totalling approximately 2,000 to 2,200 metres at two drilling pads.

Drilling in the Phase One program will test an up to 15-metre wide surface high sulphide, quartz-carbonate-tourmaline breccia zone using the shallow and lower dip angle holes such as BB18-01, BB18-03, BB18-06 and BB18-07p (Figure 3).

Other deep holes with higher dip angles such as BB18-02, BB18-04-05 and BB18-08p will focus on either high IP chargeability or lower-resistivity anomalies which are interpreted to be associated with sulphide mineralisation (Figure 3).

Recent channel samples believed to be related to these anomalies returned values such as 13 metres grading 2.86 grams per tonne (g/t) gold, including a 2-metre interval grading 8.96 grams per tonne (g/t).

Recently completed Induced Polarization (IP) geophysical surveys indicate extensive high-chargeability and low-resistivity anomalies from surface to a depth of approximately 350 metres. These anomalies are interpreted to be related to sulphide-rich material.

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2 months 2 weeks ago #121201 by lynnsa10
lynnsa10 replied the topic: Jaxon Minerals TSXV:JAX
Still no word on drilling and time running out. Most likely the company believes the market not giving any recognition anyway, perhaps a good move to wait until next year. The Garibaldi results did not help the area either

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2 months 4 weeks ago #121136 by Gambler
Gambler replied the topic: Jaxon Minerals TSXV:JAX
Jaxon Mining samples 5 m of 6.78 g/t Au at Red Springs
Some decent gold numbers


2018-09-20 12:40 ET - News Release


Mr. John Burns reports

JAXON DISCOVERS COBALT. THIS SEASON'S CHANNEL SAMPLING PROGRAM CONFIRMS OCCURRENCES OF GOLD WITH COPPER, COBALT AND ANTIMONY CREDITS

Jaxon Mining Inc. has received initial assay results from its first 112 chip samples from the Backbone prospect at its Red Springs project in British Columbia, and preparation for a drilling program is under way.

These chip sample results (see Table 1) and other 55 surface grab/chip sample results (Table 2) were collected at Backbone and North Cirque areas from the 2017 and early 2018 exploration seasons confirm up to 1000 metres of strike length at the high-grade gold-bearing tourmaline breccia mineralization zone at Backbone and North Cirque areas (Figure 1).

Highlights of the chip channel sampling program are: 5 metres grading 6.78 grams per tonne (g/t) gold including 2 metres grading 15.28 grams per tonne (g/t) in Channel E;13 metres grading 2.86 grams per tonne (g/t) gold including 2 metres grading 8.96 grams per tonne (g/t) in Channel D and;1 metre grading 6.57 grams per tonne (g/t) gold and 1.35 % copper in Channel A.

Importantly, most chip channels taken at tourmaline breccia zone have ended in good mineralization before the outcrop was covered by overburden and floats. Some chip channels such as Channel B and C taken from wall rocks also show reasonable gold mineralization. Other results included surface outcrops a further 200 metres north with channel samples of 1 m @ 1.07 g/t Au at the top of the mountain. Together, the separate chip channels covered at least 500 metres along the strike at Backbone area only. Chip Channel sample assays reported today total 112 samples with gold grades ranging from nil to 25.86 g/t Au. Chip channel samples are completed either over the tourmaline breccia zone or its wall rocks.

Other highlights include:

Cobalt grades from 4 grab samples in the gold-bearing tourmaline breccia zone in the North Cirque is up to 0.10% to 0.36%.

Another 80 chip channel samples from Backbone and North Cirque areas are expected to arrive in lab on Sept 20, 2018, to furtherly define the drilling targets for Jaxon's 2018 drilling campaign.

With completion of surface chip channel sample program at Red Spring project, materials are being delivered for the construction of drill pads underway in Backbone and North Cirque areas.

Preliminary IP survey results at Backbone and North Cirque completed by Simcoe GeoScience are very encouraging (Figure 2) and are being evaluated to help define the drill targets.

John King Burns, Jaxon's Chairman comments, "We are now preparing to drill test a number of anomalies indicated by our geophysical, surface and structural mapping and confirmed by our channel sampling work. Our team's work continues to reveal more and more signs that we have discovered a remarkable and expansive poly metallic system. As the system's scope is unfolding, each of our indicators is confirming the other and the geology holds together. The assay results currently received show consistent occurrences indicating the potential for the presence of more high grade gold mineralization with cobalt, copper and antimony credits. We are mobilizing to conduct an end of season, drill program that will test these very attractive anomalies at Backbone. Please stay tuned - if the weather holds and markets allow, the truth machines will start turning in the next few weeks."Figure 1 - Gold-Bearing Tourmaline Breccia Mineralization Zone (red outline) at Backbone and North Cirque AreaTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/881/38805_a1537450464665_38.jpg

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5 months 2 weeks ago #120790 by ron
ron replied the topic: Jaxon Minerals TSXV:JAX

Hoss wrote: Chart is starting to repair itself some so I bought a little bit. Still a ways to go before it looks bullish again


anxious to see the new drill results in 2018.

Golden Triangle Gold Rush

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7 months 3 weeks ago #120578 by Hoss
Hoss replied the topic: Jaxon Minerals TSXV:JAX
Chart is starting to repair itself some so I bought a little bit. Still a ways to go before it looks bullish again

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7 months 4 weeks ago #120525 by ron
ron replied the topic: Jaxon Minerals TSXV:JAX
good news,the stock is up a little today,hope it gets over $0.50 in 2018.

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7 months 4 weeks ago #120521 by alexgreat
alexgreat replied the topic: Jaxon Minerals TSXV:JAX
Jaxon Completes Initial Report on Its More Creek Project in the Golden Triangle: Identifies High Priority Drill Targets

Vancouver, British Columbia--(Newsfile Corp. - April 19, 2018) - Jaxon Mining Inc. (TSXV: JAX) (FSE: OU31) (OTC: JXMNF) is pleased to announce that it has received initial results from its first data compilation efforts on the More Creek Project in the Golden Triangle, northern BC. This compilation has identified a priority target at More Creek, which covers gold-silver and VMS mineralization. Jaxon has submitted a Notice of Work, including drilling, to maximize its 2018 exploration season.

Highlights include the following:

Over $10 million of historical work, including the compilation of data from 14,523 m of drilling in 71 holes
Initial focus, two mineralized VMS systems identified 2 km apart with a 6.5 km marker horizon
Hole FM04-04, in the marker horizon: 15 g/t Au, 6.5% Zn, 1075 g/t Ag, over 3.1 m

Jaxon's geological team has identified the primary target as the untested marker horizon associated with the two discovered VMS systems, the BRT Zone and the Ryder Zone. Historically, 42 drill holes were completed - over 10,000 m of drilling in total - within the zones. A highly encouraging part of this target is the extensive 2 km area of potential, located between the BRT and Ryder Zones. This connecting area is Jaxon's preliminary area of focus for exploration efforts on the More Creek Property.

The BRT and Ryder Zones are both massive sulphide discoveries, separated by over 2 km of potential area, joined by a distinct marker horizon. This untested marker horizon has been mapped over a total of 6.5 km. In 2008, a wide-spaced Induced Polarization (IP) geophysical survey clearly indicated a coincident high chargeability associated with the marker horizon. The 2008 IP survey proposed a 15-hole drill program, but since the financial crisis in 2008, the property has not been the subject of substantial exploration efforts. Jaxon plans on completing a detailed IP geophysical survey over the area of interest to establish continuity and confirm the historical drill targets. Upon confirmation of this data, Jaxon intends to complete the previously proposed 15-hole drill program. Jaxon considers there to be high potential for discovery between the BRT and Ryder Zones.

The property has undergone14,523 metres of drilling historically, with 2010.9 metres drill by Cominco in the 90's and 12,513.05 m done by Roca Mines between 2003 and 2008. As noted above, the BRT-Ryder Zones have undergone 10,303 m of drilling, focusing primarily on the separate zones, two kilometres apart. The two known mineralized zones lie along a northeast-trending rhyolitic to sericitic schist and chloritic volcanic schist contact, that dips 20°— 50° southeast. Figure 1 illustrates both past drilling and the highly prospective marker horizon to be tested. Each zone has encouraging past drilling results summarized in Tables 1 and 2, and Jaxon believes the prospective marker horizon may extend this mineralization.

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8 months 1 week ago #120448 by Gambler
Gambler replied the topic: Jaxon Minerals TSXV:JAX
Jaxon Issues Letter To Shareholders

April 9, 2018

Jaxon Mining Inc. (TSXV: JAX, FSE: OU31, OTC: JXMNF) is pleased to announce the following letter to its shareholders:

Dear Shareholders,

Before Jaxon’s 2018 field season begins next month, I wanted to take a moment to review with you the past 12-months and set the stage for things to come. We remain confident that our focus on high grade, district scale projects within established mining jurisdictions is a strategy for success and continue to work toward achieving our objective of becoming one of Western Canada’s leading exploration companies.

In this period, Jaxon welcomed new and valuable members to its management and technical advisory teams including the addition of Carl Swensson as our vice president of exploration. Our exploration teams, under the leadership of project manager Bruce Ballantyne, performed flawlessly in sometimes challenging field conditions and their dedication to the company is very much appreciated.

Hazelton Update
We saw a significant expansion of our land portfolio, particularly in the Hazelton district, where our field season culminated in the November 2017 2,281-metre exploratory drill program. This program yielded a number of successes, among them the positive diagnosis of a volcanogenic massive sulphide (VMS) system rich in precious and base metals, and the identification of adjacent prospective areas of interest for our on-going drill program.

The land expansion at the Hazelton project, from an initial 2,300 hectares to over 40,000 hectares, was borne of an understanding that the bonanza grades of silver and zinc seen at the Max target were perhaps related to a much larger and longer-lived system. This interpretation was confirmed late in the 2017 field season with the discovery of a very large gold-rich tourmaline breccia system, perhaps genetically related to an intrusive/porphyry copper/gold system (Red Spring Zone). This discovery, 17 kilometres southwest of the initial area of interest at Hazelton, will be a high priority for the 2018 exploration season.

Consolidation in the Golden Triangle
Jaxon consolidated the historic Wishbone and Foremore projects into a second district-scale land package (in excess of 20,000 hectares), now called More Creek, in one of the world’s premier mining jurisdictions – BC’s famed Golden Triangle. The company retained independent experts to consolidate $10m worth of historic work expenditure (performed by Cominco Mining and others between 1990 - 2008), applying modern methods and interpretation to the first integrated modelling of this data. This work identified six distinct areas of highly prospective target zones including two gold-rich mineralised VMS systems with a combined strike length of 8.5 km. The detailed report is expected within the next two weeks.

Looking Forward
The company has filed Notice of Work applications with the BC Ministry of Mines at both the Hazelton and More Creek projects and eagerly anticipates the start of the 2018 field season. Field crews are expected to arrive by mid-May at Hazelton, and mid-June at More Creek. Planning for the summer exploration program at Jaxon’s Max and Red Spring prospects is now at an advanced stage, with an alpine-experienced geological mapping and sampling team selected for the first phase Red Spring exploration program.

We’re committed to being as transparent as possible in our communications. Our website is updated frequently with photos and videos from the field and we invite you to visit regularly. And we’re always happy to hear from you if you’d like to reach out to us directly. Thanks again for your continued support and I look forward to reporting again soon on developments from the field.

ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINING INC.

“Jason Cubitt” ______
Jason Cubitt, President.

Technical information in this news release has been reviewed and approved by Derrick Strickland, P.Geo., a qualified person as defined in National Instrument 43 -101.

About Jaxon
Jaxon is a precious and base metals exploration company with a regional focus on Western Canada. The company is currently focused on advancing its Hazelton Project in north-central British Columbia and the More Creek Project (consolidating the Wishbone and Foremore properties) in BC’s Golden Triangle.

For further information regarding Jaxon Mining Inc., please contact Mark Carruthers at 604-608-0400
Toll free: 1-877-608-0007.

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8 months 2 weeks ago #120408 by GoldnBoy
GoldnBoy replied the topic: Jaxon Minerals TSXV:JAX
Gambler, I picked some up, I think 11.5 cents. I think it only printed one trade at 10 cents

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8 months 2 weeks ago #120407 by ron
ron replied the topic: Jaxon Minerals TSXV:JAX

Gambler wrote: looks like buying down around 11 cents a couple weeks ago was a good deal. I had a bid in at 10, never got filled. Dam, should have ante up a little higher


good trade,got some more also at $0.12.

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8 months 2 weeks ago #120406 by Gambler
Gambler replied the topic: Jaxon Minerals TSXV:JAX
looks like buying down around 11 cents a couple weeks ago was a good deal. I had a bid in at 10, never got filled. Dam, should have ante up a little higher

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