Aero-Magnetic Survey Completed At Netalzul Mountain
Jaxon Mining Inc. (TSXV: JAX) has confirmed three strong silver/gold/copper/zinc/lead/molybdenum polymetallic anomalies, and has defined a fourth polymetallic anomaly (Daisy East Zone) at Netalzul Mountain, based on soil sample assay results received in early November from MSALABS of British Columbia.
The soil geochemistry sampling programme covered (+/-) 2 sq. km, encompassing the Daisy and Ellen claims and their surrounding areas.The discovery of three strong Cu/Zn/Pb/Mo/As anomalies were based on geochemical samples subjected to XRF analysis.
These XRF results have now been confirmed by laboratory assays.The significant assay results come from a total of 683 soil samples. The assay lab tested for Cu/Au/Ag and other associated and trace minerals.
Four zones with anomalous (high) Ag, Au and Cu in soils have now been defined based on the assay results from MSALABS; Daisy North Contact Zone, Daisy Centre Zone and Daisy South Adit Zone were defined by previous XRF analysis and have now been confirmed by the current laboratory assay. Daisy East Zone is an additional area, newly sampled and confirmed by the results of the current laboratory assay.
· The highest Ag in soil anomaly is up to >100 g/t (Sample A0028584), accompanied by 8450 ppm Cu, 3.78 g/t Au and other polymetallic metals which were collected from the Daisy South Adit Zone area. The new results coincide with the high-grade rock sample assay results reported in the same area earlier in November
· The highest Cu in soil anomaly is up to >10000 ppm (Sample A0028779) which was collected from within the granite intrusion side of the Daisy North Contact Zone area, next to the previously reported high-grade polymetallic Old Workings site.
· There are 24 soil samples with Ag grades greater than 10 g/t and 10% of 683 soil samples with Ag grades greater than 5 g/t.
· There are 5% and 24% of 683 soil samples with Cu grades greater than 1000 ppm and 500 ppm, respectively.
· When projected on a plan map, the Ag, Cu, Au, Pb, Zn and Mo geochemical and rock sampling anomalies occupy a common area.
The company also announce a high-resolution gradient aero-magnetometer survey over Netalzul was completed on November 9 by Genesis Aviation Inc. of Calgary, Alberta.
After a two week delay while waiting for suitable weather conditions, Genesis Aviation’s field crew completed a total of 60 traverse lines and 5 tie lines flown at line spacing of 100 m traverse and 1000 m tie lines.
The survey covers approximately 5.9 km x 6.55 km with a total of 423.56 km flown lines. Genesis Aviation and Jaxon’s technical team have commenced the data processing and modelling.
The processed magnetic data will be added to Jaxon’s conceptual geological model. The results will allow the company to see and to better understand and define the structures and intrusions featured at Netalzul and use the information to design the 2021 Netalzul drilling programme.
