Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
EPIC: JAX
Market: TSX-V
52-week High/Low: C$0.41 / C$0.04
Sector: General Mining - Platinum Group Metals
Market Cap: C$12.43M
Jaxon Mining Inc

Jaxon Mining Inc

Jaxon is a base and precious metals exploration company with a regional focus on Western Canada. The company is currently focused on advancing its Hazelton Project in north-central British Columbia and the Wishbone/Foremore property in BC’s Golden Triangle.

Jaxon Mining Inc

www.jaxonminerals.com

Interactive graph

col 3
col 4
col 5
col 6

Big picture - Why invest in Jaxon Mining Inc


Jaxon Mining Inc Snapshot

Jaxon is a Canadian-based exploration and development company focused on acquiring highly prospective high-grade precious and base metals properties within Western Canada. Using a data driven exploration approach, including re-interpretation of historic work with modern techniques, Jaxon is targeting regions with similar geological structures to known districts in order to identify new and promising opportunities. With a district scale focus, the Company is strategically amassing a remarkable portfolio of claims.

Jaxon currently holds over 32,000 ha in two of Canada’s most prolific districts - the Skeena Arch and the Iskut - Golden Triangle.

HAZELTON PROPERTY

Hazelton (formally Price Creek), Jaxon’s flagship property, spans 28,000 hectares and is prospective for worldclass Eskay Creek and Equity Silver style mineralization with direct shipping ore grades. Widespread soil anomalies and surface showings up to 3,397 g/t Ag, 22.7 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 a high potential. These include the age of the host rocks, the stratiform nature of some sulfide zones, the high silver values and the presence of 19 massive-sulfide bearing-bearing outcrops west of an extensive 3,000 m x 700 m soil grid. A systematic work program will be undertaken in 2017 on this drill ready and road accessible property. Hazelton is located 40 km north of Smithers, a mining-friendly town in north central British Columbia.

Targets are shallow-marine VMS with an epithermal component of precious and base metals containing bonanza shipping grade oreHighlights:

Geologically similar to Barrick Gold’s Eskay Creek Mine and Goldcorp’s Equity Silver Mine
$3 million worth of historical data available
Historical drilling from the 1980s, before the Eskay Creek VMS model was recognized, was too shallow and targeted veins rather than stratiform mineralization
2017 Exploration

Jaxon is compiling and prioritizing historical data in preparation for a 2017 work program. Targets are shallow-marine volcanogenic massive sulfides (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 property 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 likely that others may be nearby. Once the company has reviewed the historical data for the property, a strategic and targeted work campaign will be announced for the summer of 2017.

For more information, please click here

WISHBONE PROPERTY

The Wishbone property is comprised of 4,000 ha and is located within the Golden Triangle in Western British Columbia, aproximately 30 kilometres southeast of the Nova Gold/Teck-owned Galore Creek Property, a significant copper-gold-silver asset. The project is located in a region with active glaciation and has seen only limited exploration. Wishbone containes epithermal/mesothermal quartz hosted vein and rhyolite volcanic VMS targets on the northern extent of the property, and a series of six gold mineralized veins within 200 m of the original discovery vein have been found to date. The longest vein is exposed intermittently for approximately 550 m.

The property has seen some historic exploration which includes:

  • The most consistent channel samples in a single vein averaging 7.8 g/t Au over an average vein width of 2.4 metres and a strike length of 78 metres.
  • Mineralized boulder train and outcrop consisting of disseminated massive sulphides in quartz carbonate vein material with assay values up to 6.7 kg/t Ag, and 8.2% Cu.


The company announced the signing of a definitive agreement for the Wishbone property in March of 2017 with an option to earn 100% interest in the property.

2017 Spring/Summer Work Program

Jaxon is currently in the process of defining the summer work program. Details will be announced once the plan is complete; however, the program will include:

  • Examination of newly exposed ground from glacial melt.
  • Detailed follow-up of numerous high priority targets identified from historic data.
  • Property-wide sampling and reconnaissance.

For more information, please click here

 

JASON CUBITT
Director/President

Mr. Cubitt has 25 years of experience working with resource companies in various capacities as founder, finance agent and institutional investor. Most recently, Mr. Cubitt was director of investments for Vertus Investment Advisory and Ascenta Asset Management, offshore investment advisory firms for which he was responsible for precious metals and special situations mining and energy funds.

OLEG SCHERBINA CPA
Chief Financial Officer

Oleg Scherbina has over 17 years of financial management experience including the last 6 years in the mineral exploration and gold mining industry. He has worked for a number of years with resource companies including Uranium One Inc., Eureka Mining, Bema Gold Corporation and Zoloto Resources Ltd. He holds a Master’s Degree in Accounting and Audit from Odessa State Economic University and a Bachelor’s Degree in Business Law from Odessa State University, Ukraine.

BRUCE BALLANTYNE
Project Manager

Mr. Ballantyne has the significant role of being the Manager of the Company’s projects. Mr. Ballantyne had a distinguished career of 23 years starting in 1974, with the Geological Survey of Canada, as a well-known member of the Mineral Resources Division, where he specialized in Applied Exploration Geochemistry. He was responsible for the development and initiation of the National Geochemical Reconnaissance Stream Sediment surveys in the Canadian Cordillera and as a guest speaker has presented his research on a variety of deposits nationally and internationally. Since 1996 he has consulted to junior and mid-tier mineral exploration companies including a six year term ending in 2008 with Starfield Resources Inc. where he was an integral part of the successful exploration and development of resources at the Ferguson Lake copper-nickel-cobalt-platinum group metal deposit in Nunavut, Canada. Mr. Ballantyne is a B.Sc. graduate of the University of Guelph, Ontario.

JAMES LAVIGNE P. GEO MSC
Director & Technical Advisor

Mr. Lavigne has been a Director of Jaxon Mining Inc. since November 2008. Mr. Lavigne has over 25 years’ experience in all phases of mineral exploration and development predominantly in base and precious metal deposits. His positions included Vice-President of Exploration for Goldbrook Ventures Inc. where he was responsible for design implementation and management of their programs; senior geologist with FNX Mining Company; and consulting geologist with Wardrop Engineering. He is currently Vice President Exploration for Garson Gold Corp. focusing on the New Britannia Gold Mine, Snow Lake, Manitoba. Mr. Lavigne has a B.Sc. (Geology) from Memorial University of NFLD and a M.Sc. (Geology) from the University of Ottawa.

LAURENCE STEPHENSON P. GEO MBA
Director

Mr. Stephenson has been a Director of Jaxon Mining Inc., since November 2008. He has over 40 years’ experience in the field of mineral exploration and in guiding new companies in the acquisition and utilization of capital. He was instrumental in starting Glencairn Exploration Ltd., a listed company and its subsidiary, Wheaton River Minerals Ltd. (formerly listed on the Toronto Stock Exchange before its plan of arrangement with Goldcorp Inc.). Mr. Stephenson received his B.Sc. from Carlton University and his MBA from York University. He is a member of the Professional Engineers of Ontario and the Professional Engineers and Geoscientists of British Columbia.

EMMA FAIRHURST
Director

Ms. Fairhurst has more than 15 years of experience in the financial and public company markets. The majority of her time has been spent administering capital assets in the Canadian and Australian resource sectors. She subsequently went on to be a founder and executive in the resource business in her own right. Emma has significant experience in international development and corporate responsibility working in East Africa. She is a director and founding member of Global Change for Children Society, a volunteer charity sponsored by mining companies.

GARRY STOCK, CFA
Director

Mr. Stock has worked in the resource industry for 20 years, helping build companies from inception to up to $500 million in market capitalization. He has been involved in $400 million in equity financings and has acquired/developed exploration assets across most commodities within Canadian, US, Australian and British securities jurisdictions. Garry holds a Honours BA in Economics and completed the CFA program in 1998.

Symbol: JAX Exchange: TSX.V
Shares Issued: 37,805,339
Options: 3,775,000
Warrants Outstanding: 13,931,144
Fully Diluted: 55,511,483

 

As at April 25, 2017

Head Office:
Suite 701 - 595 Howe Street
Vancouver, BC
V6C 2T5

Tel: 604-608-0400
Toll Free: 1-877-608-0007
Fax: 604-602-9330
Email: [email protected]

Jaxon Mining Inc Timeline

Video RSS

Videos

VIEW ALL VIDEOS

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use