The Mining Stock Report

Phase one exploration of Jaxon Minerals Inc.'s newly optioned three blocks of mineral claims in the famous Flin Flon/Snow Lake volcanogenic massive sulphide (VMS) deposit belt of Manitoba and Saskatchewan has commenced. Geotech Ltd. of Aurora, Ont., has started an estimated 1,113-line-kilometre survey using its VTEM-Mag helicopter airborne geophysical system. This survey methodology has a proven record in the region, identifying typical VMS-style geophysical patterns of strong conductance (VTEM anomalies) and associated magnetic response (horizontal magnetometer gradiometer).

Jaxon’s strategically located claim blocks will be surveyed with grid line spacings varying from 50 metres to 100 metres apart. Wider-spaced, older airborne electromagnetic and/or magnetic surveys have been flown over portions of Jaxon’s property, and anomalous conductors and magnetic trends within the Amisk group metavolcanic rocks underlying the claims were identified but never drilled. The Geotech survey has deeper penetration ability, enabling it to identify conductors to depths exceeding 300 metres while the mag-gradiometer system, using two magnetic sensors, provides detailed and accurate survey data.

Since the vendors of the claims have discovered at surface VMS-style deposit grades of copper-zinc-gold-silver on two of the claim blocks, Jaxon expects that the survey can define and guide drilling to depth along the surface trends, and assist in blind target delineation on other portions of the three properties. Bob Lo, Jaxon’s independent geophysical consultant, will monitor the daily survey data and provide preliminary interpretation. It is expected that the survey will be completed in one week, enabling the prioritization of targets and applications for permitting.

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