- Jaxon Mining Inc. (JAX) has completed 780 metres of its phase one drill program at the Netalzul Mountain Project
- So far, three holes have been drilled to test high-grade silver and polymetallic veins at the Daisy South Adit Zone
- The company plans to continue drilling at Netalzul Mt in phase two of the drill program
- Jaxon Mining is a Canadian exploration and development company pursuing the discoveries of commercial-scale copper, gold, silver, and polymetallic projects
- Jaxon Mining Inc. (JAX) is down 17.65 per cent, trading at $0.07 per share
Jaxon Mining Inc. (JAX) has completed 780 metres of its phase one drill program at the Netalzul Mountain Project.
Netalzul Mountain is located within the Hazelton Property near Smithers, British Columbia.
So far, three holes have been drilled to test high-grade silver and polymetallic veins at the Daisy South Adit Zone. Alteration patterns in the drill core indicate that the deeper porphyry system generated the mineralization.
John King Burns, Chairman and CEO of Jaxon Mining, commented on these initial findings.
“On a standalone project basis, Netalzul Mt represents a major target and currently, it is our immediate focus,” he said.
The company plans to continue drilling at Netalzul Mt in phase two of the drill program, testing and confirming the location of the core of the Netalzul Mt porphyry.
“Subject to broader soil sampling, more background analysis work to improve levels of confidence, and drill testing,” added Mr. Burns, “our models project that the porphyry system at Netalzul Mt, whether smaller or larger, will demonstrate itself to be a version of [SolGold’s] Alpala deposit.”
Greg Hall, senior advisor to Jaxon’s Technical Advisory Committee, observed that at Netalzul Mt, like at Alpala, “the big beast should be down below.”
Jaxon Mining is a Canadian exploration and development company pursuing the discoveries of commercial-scale copper, gold, silver, and polymetallic projects.
The company focuses on overlooked and underexplored targets with deeper intervals that have not been identified or adequately explored.
Jaxon Mining Inc. (JAX) is down 17.65 per cent, trading at $0.07 per share as of 1:07 pm ET.