- Jaxon Mining (JAX) has expanded its 100 per cent controlled Hazelton property
- The company has done so by acquiring four additional mineral tenures
- The four claims add 1,329.61 hectares to the project area
- This expands the total area to over 73,000 hectares comprising 75 contiguous claims
- The Hazelton property hosts seven projects
- Shares of Jaxon Mining remain unchanged at C$0.03 as of 8:06 a.m. EDT on Monday
Jaxon Mining (JAX) has expanded its 100 per cent controlled Hazelton property with the addition of the Rocher Deboule project.
The company has done so by acquiring four additional mineral tenures. This expand the total area to 73,079.05 hectares made up of 75 contiguous claims.
The expansion of the Rocher Deboujle project was done in 2022 and 2023 and was based on the results of the company’s conceptual geological and mineralization modeling.
The additional four claims expand the project area to 1,329.61 hectares.
“As we continue to strategically expand the Hazelton property based on our understanding of the basement conditions that defined the development of the seven porphyry systems we have discovered to date, we will continue to evaluate and make strategic acquisitions that are both geographically contiguous with and consistent with the vision of our regional, geological model,” John King Burns, CEO of Jaxon, said in a release.
The company said it will also undertake a detailed desktop study in spring 2023 with additional plans to do surface sampling in the summer.
The Hazelton Property hosts seven projects with each having one or more porphyry systems.
The projects include Netalzul Mountain, Red Springs, Blunt Mountain, Max, Mt Thoen, Rocher Deboule Mountain and Kispiox Mountain.
Shares of Vancouver, BC-based Jaxon Mining (JAX) remain unchanged at C$0.03 as of 8:06 a.m. EDT on Monday.
