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Jaxon Mining nearing target generation for Hazelton drilling

Last updated: 19:00 11 Oct 2017 BST, First published: 14:00 11 Oct 2017 BST

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Jaxon Minerals is a metals explorer in British Columbia

Jaxon Mining Inc (CVE:JAX) told investors it is in the final stages of generating drill targets for its early winter 2017 drilling campaign at the Hazelton project, British Columbia.

Project manager Bruce Ballantyne is presently engaging contractors to assist with the 1,500-2,000 metre (m) phase 1 campaign, which will likely include locations at the Max target.

Teams will be mobilized once the drill target review and planning phase is completed.

"We expect this drilling to add considerable value to the project throughout the winter drilling season. Jaxon's team is working steadily to refine a final series of phase 1 drilling targets, which will promptly be followed up by mobilization of crews to the site," said Jason Cubitt, Jaxon's president and chief executive.

"We are very pleased to be financed for a successful campaign and anticipate an exciting season ahead."

Earlier this month, Jaxon said it had identified a large anomaly at  its Hazelton project in British Columbia.

The unit is of an irregular shape and below where high grades were shown in sampling, of lead,  zinc and silver.

Jaxon Mining shares eased 1.85% on the day to stand at C$0.265 each.

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