Jaxon Mining Inc. is pleased to report it has received initial assay results from its first 112 chip samples from the Backbone Prospect at its Red Springs Project in BC and preparation for a drilling program is underway. These chip sample results and other 55 surface grab/chip sample results were collected at Backbone and North Cirque areas from the 2017 and early 2018 exploration seasons confirm up to 1000 metres of [...]
Jaxon Mining Inc. is pleased to announce that, effective immediately, Dr. Yingting Guo, a leading multidisciplinary, practical and skilled exploration geologist will serve as Chief Operating Officer to Jaxon Mining Inc. . Dr. Guo will be responsible for all aspects of the design, budgeting and procurement for, as well as the execution of, all geological and geotechnical programs executed by the Company at Red Springs and [...]
Jaxon Mining Inc. has confirmed a discovery of a structurally controlled body of tourmaline breccias which have been traced over 500 metres in strike length with a variable width up to 15 metres, now called the Backbone Prospect. The Company is prioritizing a drill program to test the extent of the mineralization at Backbone in October 2018. The other 4 areas will undergo detailed data compilation for a drill program to [...]
The first phase of exploration at Jaxon's Red Spring discovery, 40km north of Smithers, commenced on June 1, 2018. The Red Spring target resulted from the significant discovery made last summer of high-grade gold and tellurium-bearing hydrothermal tourmaline breccias detailed in Jaxon's press releases of September 14, 2017 and February 20 and May 16, 2018. The project lies within the greater Hazelton project area, which [...]
Jaxon Mining is pleased to announce that it has closed the final tranche of its non-brokered private placement announced June 5, 2018. The Company closed on 2,000,000 units at a price of $0.12 for additional gross proceeds of $240,000. This over-subscribed the initial filing of $390,000 by $205,140, bringing the total for both closings to $595,140. Each unit will comprise one common share and one-half common share [...]
Jaxon Mining is pleased to announce that it has closed the first tranche of its non-brokered private placement announced June 5, 2018. The Company closed on 2,959,000 units at a price of $0.12 for gross proceeds of $355,080. Each unit will comprise one common share and one-half common share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at $0.20 per share with an [...]
Jaxon Mining is pleased to announce that it has arranged a non-brokered private placement of up to 3.25 million units at $0.12 per unit for gross proceeds of up to $390,000. Each unit will comprise one common share and one-half common share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at $0.20 per share with an expiry date of two years from the closing of the [...]
Jaxon Mining Inc. is pleased to announce that its first phase exploration program of the 2018 field season will commence in the beginning of June. While detailed re-interpretation and analysis of geophysics data from last year's Fall program continues at the Max project, Jaxon will initially focus on the newly discovered Red Springs target within the same Hazelton project area, 50 kilometres north of Smithers in the [...]
Jaxon Mining is pleased to announce that it has acquired additional claims contiguous to its Hazelton Project, located 50 kilometres north of Smithers BC. The claims cover numerous showings and historical grab samples include: 3.4 g/t gold and 1924 g/t silver 3.15 g/t gold and 2614.7 g/t silver Over 1% copper, over 1% lead, over 100 g/t silver, and 2.59 g/t gold The claims cover 2,760.6 hectares, at the north-east corner [...]
Jaxon Mining 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, 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 [...]
Jaxon Mining 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 [...]
Jaxon Mining is pleased to announce that it has finalized its proposed exploration budgets for its two district-sized projects in British Columbia — the Hazelton Project in the Skeena Arch, and the More Creek Project in the Golden Triangle. Jaxon has approximately $1 million flow-through funds remaining to begin the 2018 season, including follow-up drilling at the Max Target, as outlined below. Highlights of the 2018 [...]
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