Red Spring
Highlights include:
- Highly gold-enriched breccia complexes returned assay values up to 33 g/t Au.
- Single breccia outcrops occur over widths up to 5 metres and intermittent strike length up to 3 kilometres.
- Discovery area of multiple high-grade gold breccia zone complexes expanded to at least 1.5 kilometres by 3 kilometres.
- Further evidence that the CRT and RS (Red Spring) targets are genetically related to a large intrusive/porphyry system.
The initial discovery of extensive breccia bodies which returned high grade gold and tellurium assays from the Cirque-Ridge-Tarn (CRT) was reported in Jaxon's press release of September 14, 2017.
During the fall exploration season Jaxon expanded the surface prospecting coverage of the brown and bright red gossanous areas of the CRT and RS prospects with a further 49 rock samples collected from the CRT. This work not only returned high grade gold assays but also expanded the extent of the tourmaline breccia occurrences to three separate cirques approximately 500m apart.
Figure 1. Plan view of Jaxon sample locations
Sample grades from these three cirques now include 33.8 g/t, 18.4 g/t and 18.3 g/t gold with tellurium concentrations exceeding 73 g/t. Table 1 summarizes the most significant rock sample results to date.
Table 1: Significant Assays from the CRT Prospect
CRT Prospect - North Cirque | ||||||
FAS-415 | IMS-117 | IMS-117 | ICP-240 | IMS-117 | ICP-240 | |
Au g/t | Te g/t | Cu ppm | Bi % | Sb ppm | S % | |
A0004552 | 33.80 | 73.18 | 38.6 | 0.393 | 10.30 | 0.32 |
A0003810 | 11.93 | 49.46 | 118.7 | 0.045 | 0.99 | 4.92 |
CRT Prospect - West Cirque | ||||||
A0003779 | 18.30 | 10.23 | 3549.3 | 0.917 | 0.16 | 3.26 |
CRT Prospect - Main Cirque(from highest to lowest elevation along ridge) | ||||||
A0003691 | 3.18 | 8.60 | 886.6 | 0.020 | 31.60 | 3.42 |
A0003777 | 5.99 | 17.70 | 8742.1 | 0.050 | 97.85 | 4.48 |
A0003778 | 10.81 | 7.02 | 660.4 | 0.140 | 420.33 | 0.40 |
A0003787 | 17.57 | 34.51 | 596.8 | 0.661 | 2418.00 | 6.42 |
A0003773 | 5.24 | 8.96 | 357.8 | 0.033 | 51.14 | 1.50 |
A0003774 | 1.77 | 2.32 | 202.2 | 0.014 | 53.08 | 0.67 |
A0003775 | 3.61 | 8.31 | 516.5 | 0.034 | 54.07 | 1.69 |
A0003772 | 11.38 | 19.79 | 980.4 | 0.108 | 164.95 | 4.73 |
A0003685 | 9.80 | 16.85 | 2561.9 | 0.143 | 227.10 | 3.19 |
A0003686 | 4.17 | 7.75 | 776.3 | 0.062 | 128.93 | 2.41 |
A0003770 | 18.43 | 25.02 | 1320.3 | 0.240 | 305.72 | 0.65 |
A0003682 | 4.23 | 7.50 | 15.1 | 0.435 | 118.87 | 1.61 |
A0003684 | 3.48 | 8.27 | 7.1 | 0.204 | 51.96 | 1.95 |
A0003680 | 17.55 | 30.06 | 20.9 | 0.491 | 181.25 | 4.70 |
A0003679 | 2.52 | 7.45 | 51.2 | 0.377 | 148.80 | 0.81 |
The tourmaline breccia bodies are manifest as both near vertical planar structures and as apparent stratabound bodies. The high sulphide content results strong oxidation, making the mineralization very visible as brown, rusty outcrops. The tourmaline breccias are characterized by the chemical association of gold-tellurium-bismuth-arsenic-antimony-boron which Jaxon interprets as being indicative of an intrusive origin for the mineralization.
Jaxon intends to undertake a major program of geological and alteration mapping over the CRT and RS prospects over the 2018 field season based on this exploration model. The program will include further geochemical sampling, geophysics and first pass drilling on the CRT breccias. The objective for the RS prospect is to define the character and extent of the large alteration system of the large alteration with the objective of defining drill targets for the 2019 season.