Hazelton Project

Project Overview

Hazelton (formally Price Creek), Jaxon’s flagship project, spans 44,482 ha and is prospective for Eskay Creek and Equity Silver style mineralization. Widespread soil anomalies and surface showings up to 3,397 g/t Ag, 12.7 g/t Au, and 22.29% Zn have been found on this advanced exploration project and a number of features suggest that the property has considerable potential. These include the age of the host rocks, the stratiform nature of some of the sulphide zones, the high silver values and the presence of 19 massive-sulfide bearing-bearing outcrops, just west of an extensive 3,000 m x 700 m soil grid. Hazelton is located 40 km north of Smithers, a mining-friendly town in north central British Columbia, and is nearly drill ready as well as easily accessible by road.

Highlights:

  • Geologically similar to Barrick Gold’s Eskay Creek Mine and Goldcorp’s Equity Silver Mine
  • $3 million worth of historical data available being compiled
  • Strategic and targeted exploration program currently underway
  • Induced Polarization geophysical survey completed and being interpreted by the company’s technical team

Targets are shallow-marine VMS with an epithermal component of precious and base metals prospective for bonanza grade material. VMS deposits are associated with and created by volcanic-associated hydrothermal events in submarine environments. In modern oceans they are synonymous with sulfurous plumes called black smokers.

The company believes that geologists exploring the Hazelton project during the 1980s, before the Eskay Creek VMS model was recognized, targeted veins at shallow depths as opposed to the potentially economic stratiform mineralization likely lying beneath. VMS deposits typically occur in clusters, therefore if the company discovers one it is possible that others may be nearby.

View our recent drone video here.

Max Zone

One of the main targets identified on the property is the Max Zone. The strata-bound VMS mineralization at the Max Zone has never been comprehensively sampled, and true extent of high-grade mineralization has, to date, remained unknown. The historical trenches at the Max Zone were excavated on a steeply-sloping hillside, exposing massive sulphides and associated alteration within a volcano-sedimentary package, over a lateral extent of 1,000 metres and a vertical extent of 450 metres.

The Max Zone will be one area targeted as part of the 2017 exploration work.

Mineralization at the Max Zone occurs over a lateral extent of approximately 1,220 metres and largely consists of stratabound massive sulphide mineralization. At 1,000m elevation, the Spine showing is the highest elevation outcrop on the property. The Spine showing nearby also returned one of the highest gold assays, at 12.7 g/t Au.

Jaxon has compiled historical results with exceptional grades over 1,220 metres of recurrent surface exposure at the Max Zone, representing more than 450 metres of elevation change. The current field program will add substantial new information to this data, as Jaxon continues to explore its Hazelton Project.

High Grade Rock Chip Surface Samples from Max Zone

Ag Equ g/tAg g/tAu g/tPb %Zn %
4,403.23,3982.315.111.9
2,053.14690.639.59.8
1,767.54813.427.26.4
1,744.912310.45.89.6
1,722.54802.926.86.5
1,453.73532.030.60.5
1,404.04192.614.011.6

Ag Equ based on: US$18.2/oz silver, US$1,240/oz gold, US$0.91/lbs lead and US$0.94/lbs zinc.

New Discoveries

Hazelton map showing discoveries announced Sep 14 and Sep 25.

On June 15, 2017, the Company announced two new discoveries as a result of its Phase I exploration program.

Sampling and New Discovery at Trench 742 South

Sampling work has been focused on Trench 742 South, which yielded historical values of up to 2,171 g/t Ag, 3.89 g/t Au, 18.8% Zn, and 39.5% Pb in grab samples, as previously reported. Rehabilitation and new channel sampling at two locations (7 and 6 metre channels, respectively) across the historical trench has revealed a massive sulphide unit overlain by a massive silver sulphosalt bed which has never been sampled continuously over its entire width.

Approximately 30 metres north and up-slope from Trench 742 South, the exploration team discovered a new, similar, silver sulphosalt lens showing, named Occurrence 742 North. This discovery has been expanded and trenched to expose a 30-metre high rock wall showing multiple, previously unidentified lenses and beds of silver sulphosalts hosted by a marine volcano-sedimentary sequence.

New Discovery near 550 Trench

The 550 Trench, which yielded historical values of 937 g/t Ag, 2.78 g/t Au, 4.31% Zn, and 3.83% Pb, was previously identified as float adjacent to a well-maintained trail. The in-situ source of the 550 Trench has now been discovered in a 5-metre wide rock wall exposure comprising a silver sulphosalt and gold-bearing massive sulphide vein or unit. The exposure will be continuously channel sampled in the coming weeks.

Along a trail extending from the 550 Occurrence, the team also conducted geological mapping over 1.5 kilometres to the south-southeast of the known mineralization at the Max Zone.

2017 Exploration

In May (see press releases dated May 30, 2017 and June 7, 2017), the Company announced that field crews and staff members had been mobilized to the property in order to begin the first phase of its 2017 exploration program. This field program is designed to systematically follow up data generated by previous operators, including 2,800 soil samples, 174 saw-cut 1-metre channel samples, and recently-acquired data from a 464 line-kilometre magnetic and resistivity airborne VTEM survey. Results from the field program, including structural analysis, will be used to better understand the setting and extent of bonanza grades of precious and base metals, with grab samples from historical trenching and float reaching assay values up to 3k g/t silver and over 20% lead and zinc samples, found over 450m of vertical extent and a roughly 1 square kilometre surface extent.

Jaxon has identified high priority targets, which will be subject to systematic and continuous trench sampling, including areas of semi-massive to massive banded and bedded high-grade sulphides. This will provide averaged grade contents over significant widths and along strike. A focused gradient induced polarization (IP) survey will be used to further define the depth and extent of these structures prior to drilling.

Elsewhere within the VTEM survey area, field crews will use data to identify new targets. These targets will be prospected and trenched, as will the widespread multi-element anomalous soil targets identified within the 3 kilometre by 1 kilometre detailed survey grid.

A regionally focused team will conduct prospecting, mapping and stream water and sediment sampling for exploration as well as environmental baseline monitoring. This team will be targeting BC Department of Mines regional geochemical survey anomalies and their respective drainage basins for further detailed systematic examination.


Exploration & Mining in the Skeena Region