Jaxon Mining Inc. is pleased to announce that on November 30, 2018 it completed 23 line km 2D Induced Polarization and ground magnetic surveys at its Red Springs project, near Smithers, B.C. The Company has received the interpretation of the survey data from Simcoe Geoscience Ltd. of Toronto, Ontario. The survey identified multiple high priority chargeability anomalies for both the gold-cobalt tourmaline breccia [...]
Jaxon Mining Inc. is pleased to announce it has received the assay results from diamond drill holes BB18-01 to BB18-03. The Company is still awaiting the assays results from holes BB18-04 and BB18-05 which were drilled at different angles, azimuths and depths from the same platform used by BB18-03. All 5 holes targeted the Backbone gold-cobalt tourmaline breccia mineralization zones along strike at Red Springs. Located on [...]
Jaxon Mining Inc. is pleased to announce completion of its fifth diamond drill hole, BB18-05, as part of its 2018 Phase One diamond drilling program which was designed to test the extent of the gold-bearing tourmaline breccia zone at its Red Springs project. Jaxon has now completed its 2018 drilling program, completing five holes, totalling 1,057 metres. Red Springs is located on Jaxon's 100% optioned 44,000-hectare [...]
Jaxon Mining Inc. is pleased to announce completion of its fourth diamond drill hole, BB18-04, as part of its 2018 Phase One diamond drilling program which was designed to test the extent of the gold-bearing tourmaline breccia zone at its Red Springs project. Red Springs is located on its 100% optioned 44,000-hectare Hazelton property in the Skeena Arch area of northwest British Columbia, Canada. Drilling Program [...]
Jaxon Mining Inc. is pleased to announce the completion of the second and third diamond drill holes in the Phase One diamond drilling program on the Backbone gold-bearing tourmaline breccia zone at Red Springs, located on its 100% optioned 44,000-hectare Hazelton property in the Skeena Arch area of northwest British Columbia, Canada. Drilling Program — Phase One Update: BB18-03, a diamond drill hole with HQ core , was [...]
Jaxon Mining Inc. announces the appointment of Mr. John King Burns as Chief Executive Officer of the Company, effective immediately. Mr. Burns has served as Chairman and Lead Director of the Company's board of directors since June of 2017. He will continue to serve as Chairman. The Company has received the resignation of outgoing President and CEO, Mr. Jason Cubitt. Mr. Cubitt will also be resigning from the Company's [...]
Vancouver, British Columbia-- - Jaxon Mining Inc. is pleased to announce completion of its first diamond drill hole, BB18-01, as part of its Phase One diamond drilling program on the Backbone gold-bearing tourmaline breccia zone at its Red Springs project. Red Springs is located on part of Jaxon's 44,000-hectare Hazelton property in the Skeena Arch area of northwest British Columbia, Canada. Drilling Program Highlights [...]
Jaxon Mining Inc. is pleased to announce that Mr. Alain Voisin, CPA, CGA has been promoted to Chief Financial Officer and Corporate Secretary of the Company, effective immediately. Mr. Voisin has worked with Jaxon since February 2018 and has served as Controller and CFO of various private and publicly traded companies, including a number of junior exploration companies over the past 15 years. Mr. Voisin obtained his [...]
Jaxon Mining Inc. is pleased to announce that it has engaged Purple Crown Communications Corp. to serve as an investor relations consultant to the Company. Purple Crown will assist the Company to broaden its shareholder base and create effective tools for communicating with shareholders and potential investors. As compensation, the Company has agreed to pay Purple Crown $5,000 per month for an initial three month term [...]
Jaxon Mining Inc. 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 [...]
Jaxon Mining Inc. is pleased to announce that, further to its news release of September 21, 2018, the Company has expanded its proposed private placement in response to an increase in investor interest and will now raise gross proceeds of up to $2,000,000 . The Company proposes to raise up to $1,000,000 through the sale of up to 8,333,333 non flow-through units priced at $0.12 and up to $1,000,000 through the sale of up [...]
Jaxon Mining Inc. is pleased to announce that it has arranged a non-brokered private placement of up to 5,833,333 units at $0.12 per unit for gross proceeds of $700,000 and 2,000,000 flow-through units at $0.15 for gross proceeds of $300,000. Each unit will comprise of one common share and one-half common share purchase warrant. Each whole purchase warrant will entitle the holder to purchase one common share at $0.20 per [...]