Resource World Magazine

A U G U S T / S E P T E M B E R 2 0 1 7 www.resourceworld.com 53 Jaxon Minerals targets British Columbia prospects by Jennifer S. Getsinger, PhD, PGeo JAXON MINERALS INC. [JAX-TSXV; JXMNF-OTC] is an emerging mineral explo- ration company starting within known prospective target areas. Its two main projects are located in northwestern BC, the Hazelton (Price Creek) property in the Skeena Arch and the Wishbone property in the Golden Triangle. Jaxon Minerals has arranged agreements to attain 100% interest in these prospective projects, both in areas rich with past producers and cur- rent exploration plays. Both areas contain significant grades in precious and base metals, and need new geological models for establishing the scope and scale of the projects in order to advance toward mine planning. There are so many attractive proper- ties in BC, according to Jason Cubitt, President and CEO of Jaxon Minerals in a recent interview, that "it's like shopping at Costco," he said. The Skeena Arch has seen mineral exploration activity for more than a century. Historic showings on the Hazelton property, a 28,000-hectare concession 55 km north of Smithers, include the Knoll and Max, related to a rhyolite dome. The geological setting is believed to be similar to Eskay Creek and Equity Silver style, with a shallow marine volcanogenic massive sulphide with an epithermal over- print, hosting silver, zinc, lead, and gold. Previous exploration on the Price Creek property (now the Hazelton Project) yielded values up to 3,397 g/t silver, 12.7 g/t gold, 28.4% zinc, and 49.4% lead. Jaxon recently acquired the property and is busy with follow-up geological interpre- tation including structural mapping and evaluation of geophysical studies, in par- ticular a VTEM/Mag airborne survey. An IP geophysical survey is also planned. This season's goal is to define drilling targets and establish enough continuity to envision a geological model for the mineralization. Farther north is the Wishbone/Foremore property, located 30 km southeast of Teck's Schaft Creek Project, near the Galore Creek (NovaGold/Teck) copper-gold-silver proj- ect. The Wishbone property itself is 11 km long and hosts series of intermittently exposed mineralized veins in a geological setting of rhyolitic volcanogenic massive sulphides crosscut by epithermal to meso- thermal quartz and quartz-carbonate veins. So far, exploration work has con- centrated on surficial channel sampling and examination of new ground revealed by glacial melt. Detailed reassessment of previous work and reconnaissance map- ping and sampling are included in the 2017 work program. Consistent channel sampling has yielded averages such as 7.8 g/t gold over a width of 2.4 metres along a strike length of 78 metres. Other outcrops have yielded up to 6.7 kg/t silver and 8.2% copper. In spring 2017, Jaxon added the adja- cent Foremore property, extending the mineral tenure to almost 20,000 hectares. The Foremore claims are only 45 km north of Barrick's Eskay Creek. Previous explorer Roca Mines, which spent $10 million over 15 years, reported an outcrop sample from the Foremore property that yielded a nar- row vein with visible coarse gold assaying 3,240.9 g/t gold and 82,514 g/t silver. In 2004, a drill hole in the BRT showing was reported by Roca to average, over 3.1 metres, 14.6 g/t gold, 1,114 g/t silver, 0.2% copper, 1.2% lead, and 6.6% zinc It is the intention of Jaxon Minerals to rediscover such outcrops and find more in the newly revealed ground where glaciers had previously covered the ground, and extend the target areas of interest for fur- ther exploration. With CEO Jason Cubitt, the company is putting together a team with extensive expertise in the exploration and min- ing business, including Bruce Ballantyne (geochemist and Project Manager), John King Burns (Chairman and Lead Director), Oleg Scherbina CPA, James Lavigne (PGeo, MSC), Laurence Stephenson (PGeo, MBA), Emma Fairhurst, and Garry Stock CFA. Cubitt said new additions would be com- ing to the team soon, "building a brain trust in assembling the big data we've inherited." n MINING The Hazelton property, located 40 km north of Smithers, BC, showing a typical hillside scarp slope where volcanic and sedimentary rocks host bedded volcanic massive sulphides (lead-zinc) plus silver and gold mineralization. Photo courtesy Jaxon Minerals Inc.

• Cover