Gambler replied the topic: Jaxon Minerals TSXV:JAX
great news with JAX, they will soon be drilling
2017-10-26 11:19 ET - News Release
Mr. Jason Cubitt reports
JAXON ANNOUNCES $1.8 MILLION STRATEGIC INVESTMENT AND COMMENCEMENT OF DRILL PROGRAM
Jaxon Mining Inc. has arranged a strategic investment from the Zijin Midas Exploration Fund, a subsidiary of Zijin Mining Group Co. Ltd. of China, and certain other investors, of up to 5,625,000 flow-through shares at a price of 32 cents per share for gross proceeds of $1.8-million. Proceeds will contribute to financing Jaxon's fall/winter 2017 drill program at its Hazelton silver-zinc VMS target in British Columbia's prolific Skeena Arch.
Jason Cubitt, Jaxon's president and chief executive officer, commented: "The Zijin Midas Exploration Fund is a cornerstone strategic investor and we welcome their continued support. We're excited to be mobilizing to the field for a phase 1 drill program at the Hazelton project. We have a host of high priority targets to drill test -- many beneath interpreted feeder zones associated with bonanza grades of silver and zinc at surface in outcrop."
A detailed 3-D drill model has been produced based on an integrated compilation of historic and recent fieldwork and airborne geophysics. The company will provide specifics to the program in the coming days via news release and on its website.
Closing of the financing is subject to approval by the TSX Venture Exchange. All of the securities issued under this financing will be subject to a hold period of four months from the closing date of the offering. Finders' fees may be payable to qualified finders in accordance with applicable regulations.
alexgreat replied the topic: Jaxon Minerals TSXV:JAX
Anyone see that news on GTT yesterday, high grade intercept, same area Gold Triangle as JAX
Stock popped $1.68 to $2.20
GT Gold drills 6.95 m of 51.53 g/t Au at Saddle South
2017-08-31 11:35 ET - News Release
Mr. Kevin Keough reports
MULTIPLE HIGH-GRADE GOLD INTERCEPTS RETURNED FROM FIRST CORE HOLES EVER DRILLED AT GT GOLD'S SADDLE SOUTH DISCOVERY
GT Gold Corp. has provided the following update.
Multiple intercepts of high-grade gold plus or minus silver have been returned from six of the first eight core holes ever drilled into the new Saddle South gold discovery, including a very high-grade intercept of 51.53 grams per tonne (1.5 ounces per ton) gold and 117.38 grams per tonne silver over 6.95 metres (22.80 feet) (TTD007), and the first visible gold has been observed in core at 109 metres in TTD031. Assays are pending, and photos of gold from both holes are available on the company's website.
Mineralization of a similar style has also been intercepted in first-ever drilling at Saddle North (TTD011 and TTD012 (190.5 metres to 192.5 metres downhole); assays are pending.
Assays for eight Saddle South core holes (TTD001, TTD002 and TTD003 (pad No.1); TTD004, TTD005 and TTD006 (pad No. 2); and TTD007 and TTD008 (pad No. 3)), drilled from three pads spanning approximately 130 metres from east to west, respectively, are presented in this press release. Assays for the single remaining hole from the June reverse circulation drill program are presented in a separate attached table.
All core holes drilled into the Saddle target area to date, now totalling 36 (including stepouts and stepbacks), have returned intercepts of Saddle-style mineralization, as supported visually and by X-ray fluorescence (XRF) readings for gold pathfinder elements such bismuth, arsenic, zinc, lead and copper.
In addition to the eight core holes reported in this news release, a further 28 core holes have been completed or are presently under way, assay results for which will be made public, multiple holes per release, following receipt, quality assurance/quality control and interpretation. Turnaround times for lab assays have been unusually long but are improving.
Intercepts along approximately 320 metres of east-west strike to 330 metres (TTD032) down dip from surface, expansion continues;
Multiple intercepts per hole, such as seen in TTD004 and TTD005 (see attached table), add up to considerable widths in each hole of moderate grade encompassing multiple high-grade to very-high-grade shoots;
51.53 grams per tonne (1.50 ounces per ton) gold and 117.38 grams per tonne silver over 6.95 metres (90-per-cent true width) from 122.13 metres to 129.08 metres in hole TTD007;
Including 86.00 grams per tonne (2.51 ounces per ton) gold and 259.00 grams per tonne silver over 1.46 metres from 122.75 metres to 124.21 metres;
And 67.11 grams per tonne (1.96 ounces per ton) gold and 132.76 grams per tonne silver over 4.39 metres from 122.75 metres to 127.14 metres;
Including 72.64 grams per tonne (2.12 ounces per ton) gold and 74.34 grams per tonne silver over 2.14 metres from 125.00 metres to 127.14 metres;
10.26 grams per tonne gold and 46.07 grams per tonne silver over 7.00 metres from 20.00 metres to 27.00 metres in hole TTD001 -- multiple zone intercepts;
Including 32.10 grams per tonne gold and 283.00 grams per tonne silver over 1.00 metre from 21.00 metres to 22.00 metres;
6.57 grams per tonne gold and 121.31 grams per tonne silver over 14.78 metres from 51.22 metres to 66.00 metres in hole TTD002;
Including 22.00 grams per tonne gold and 440.00 grams per tonne silver over 1.00 metres from 59.00 metres to 60.00 metres;
9.01 grams per tonne gold over 3.00 metres from 81.00 metres to 84.00 metres in hole TTD004 --multiple zone intercepts;
Including 12.65 grams per tonne gold over 1.00 metre from 81.00 metres to 82.00 metres;
6.25 grams per tonne gold over 6.44 metres from 44.00 metres to 50.44 metres in hole TTD005 -- multiple zone intercepts;
Including 10.10 grams per tonne gold over 1.50 metres from 46.50 metres to 48.00 metres;
18.29 grams per tonne gold and 49.24 grams per tonne silver over 2.81 metres from 108.09 metres to 110.90 metres in hole TTD008 -- multiple zone intercepts;
Including 29.23 grams per tonne gold and 79.75 grams per tonne silver over 1.72 metres from 109.18 metres to 110.90 metres;
8.79 grams per tonne gold and 17.98 grams per tonne silver over 7.62 metres from 24.99 metres to 32.61 metres in RC hole TTR025;
Including 37.90 grams per tonne gold and 85.00 grams per tonne silver over 1.53 metres from 28.04 metres to 29.57 metres.
lynnsa10 replied the topic: Jaxon Minerals TSXV:JAX
Nice move on the JAXs today, this mew guys sounds like an Asian heavy weight
Jaxon Minerals Inc. has appointed Dr. Yingting (Tony) Guo to its board of directors. Dr. Guo is a member of the technical committee of the Zijin Midas Exploration Fund, a strategic investor in Jaxon and a subsidiary of Hong Kong-listed Zijin Mining Group, the fund's manager and major investor.
Zijin Mining Group ranks as the largest gold producer in the world by revenue. The group has made prior significant investments in proximity to Jaxon's projects, including an $80-million investment in Pretium Resources in 2015.
Dr. Guo has over 30 years experience in the mining industry. His business expertise includes mineral resource estimation, development, assessment, acquisition and project management. Dr. Guo holds a bachelor of science degree in geology from the Nanjing University and a doctoral degree in geology and exploration from the China University of Mining and Technology. He is a registered professional geoscientist in the province of British Columbia, Canada, and qualified person committee member of the Mining and Metallurgical Society of America.
Said Dr. Guo, "This is a newly formed fund with a mandate to invest strategically, and on a global basis, in exploration stage projects demonstrating potential for a large discovery." He continued, "We're pleased to have Jaxon as our first investee and look forward to a long and mutually productive relationship."
"We're thrilled to have someone of Dr. Guo's calibre join our team," said Jason Cubitt, Jaxon's president and chief executive officer. "World-class projects require world-class financial partners, and the addition of Dr. Guo and the Zijin Midas Exploration Fund will play a vital role in building value for all of our stakeholders."
Gambler created the topic: Jaxon Minerals TSXV:JAX
Jaxon has been another one of Ron's great picks and we should have a topic here
Jaxon is exploring their high grade 100% owned Hazelton property in northern B,C - it.spans 28,000 hectares and is prospective for Eskay Creek and Equity Silver style mineralization. Widespread soil anomalies and surface showings up to 3,397 g/t Ag, 12.7 g/t Au, and 22.29% Zn have been found.
Some info from their July 7th news release gives a background on the project
Several new significant massive sulphide occurrences have been identified at the Max zone -- both stratiform and feeder/breccia systems to the overlying stratiform mineralization. The new showings and eight newly discovered extensions to existing historical showings (along both strike and adjacent bedding) are distributed on the hillside from elevations of 539 metres to 753 metres (214-metre vertical extent) and over approximately 1,000-metre lateral extent.
VTEM (versatile time domain electromagnetic) survey assessment
As previously reported, Jaxon recently acquired historic data from an airborne resistivity/magnetics survey flown in 2012. Jaxon commissioned Condor Consulting Inc. to carry out processing and analysis of the EM and resistivity data on the 454-line-kilometre survey to assist in targeting at depth the highly mineralized VMS (volcanogenic massive sulphide) showings found on surface at the Max and Knoll zones.
Two of Condor's target zones are ranked as high priorities, with one containing several strong single-point responses near a magnetic anomaly that suggests an eastern extension of the Max stock. The other contains several weak single-point responses associated with the Knoll mineral occurrence and a major fault interpreted from the magnetic tilt derivative. Additional interpretation is under way.
IP and mise a la masse survey plan
SJ Geophysics has completed its plans for the 3-D IP and mise a la masse surveys to be used to create a 3-D representation of conductive units at the Max zone. These results will be combined with airborne conductivity results, surficial outcrop and structural mapping, and data from historic diamond drilling logs to produce a detailed interpretation of the underlying geology at the Max zone.
122 rock samples received by assay lab
The first set of 59 rock samples, consisting of 42 channel samples and 17 selected grab samples, was received by MS Analytical of Langley, B.C., on June 21. A second shipment of 63 rock samples, consisting of 47 channel samples and 16 select grab samples, was received by the laboratory on July 4. Additionally, four samples containing high concentrations of fine-grained, antimony-silver sulphosalts were submitted to Vancouver Petrographics for polished thin section production and mineralogical analysis.
Structural geologist under contract
Jaxon has contracted a senior structural geologist to assist in generating the geological model at the Max zone through detailed structural interpretation. The consultant will be arriving at site on July 9.