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Jaxon Mining completes current drilling program at Hazelton project, first assay results expected late December

Thursday, December 7, 2017 9:09
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Jaxon Mining Inc. (CVE:JAX) said it has completed the fall/winter 2017 drilling program at its Hazelton silver-zinc project in British Columbia, with first assay results expected by late December 2017.

The Canadian listed firm said it drilled a total of 2,281 metres in 12 diamond drill holes at the project, which is located in the prolific Skeena Arch, with core logging almost complete, and core splitting continuing.

Bruce Ballantyne, Jaxon’s project manager, said: “Considering that the oncoming winter weather made things difficult, the swift completion of the program was outstanding.”

He added, “At this stage, Jaxon has strong confidence that the zones of mineralization noted in the drill core are directly related to the anomaly trends as modelled from the 3-D and 2-D IP [induced polarization] survey.”

As of today, it added, 1,019 samples have been selected to be sent to the MS Analytical laboratory in Langley, British Columbia.

However, the group said delays are still being experienced at the lab due to an above-average volume of business late in the season, so first assays are expected by late December 2017.

John King Burns, chairman of Jaxon, added: “We announced in the late fall that we were going to conduct a drill program at the Max target before winter weather set in, we successfully closed a financing to pay for the work and we have now completed the program.”

He added: “We are already starting to design our exploration and drilling programs for the spring of 2018 and will announce those plans in the winter of 2018.”

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Source: http://www.proactiveinvestors.com/companies/news/188471/jaxon-mining-completes-current-drilling-program-at-hazelton-project-first-assay-results-expected-late-december-188471.html

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