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A Major Discovery in the Skeena Arch Gold-Cobalt Tourmaline Breccia Mineralization Zones & Large Scale Copper Porphyry Target at the Red Springs Project
January 2019
A Major Discovery in the Skeena Arch Gold-Cobalt Tourmaline Breccia - - PowerPoint PPT Presentation
A Major Discovery in the Skeena Arch Gold-Cobalt Tourmaline Breccia Mineralization Zones & Large Scale Copper Porphyry Target at the Red Springs Project TSX-V : JAX January 2019 Cautionary Statement Investors are cautioned that, except
TSX-V : JAX
January 2019
Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward-looking information”, with respect to a performance expectation for Jaxon. Such forward-looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulations of national and local governments and political and economic developments in Canada and other countries where Jaxon carries-out or may carry-out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits located, including risks in obtaining necessary licences and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities
information in this presentation have been reviewed and approved by Yingting (Tony) Guo, P.Geo., a Qualified Person as defined by National Instrument 43-101
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high grade gold-cobalt tourmaline breccia mineralization zone
(up to 26 m thick)
8.20 g/t AuEq)
magnetic anomalies
defined by IP and surface rock sampling data
mineralization targets
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Red Springs area
slabs, 19 stream sediments, 42 hydrogeological samples
breccia mineralization zones with Co, Cu & Bi credits
hosted (Ag-Au-Cu) mineralization
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g/t in Channel D at Backbone
Backbone Tourmaline Breccia Zone Tourmaline Breccia
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Co samples in North Cirque tourmaline breccia zone
tourmaline breccia zone in North Cirque up to 0.10% to 0.36% Tourmaline Breccia Zone in North Cirque (sample location) Massive sulphide (chalcopyrite) mineralization in tourmaline breccia zone (above)
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returned up to 8.2 g/t AuEq with 6.6 g/t Au, 0.1% Co & 0.04% Bi
m dip extension from surface with gold equivalent grade from 0.53 to 1.44 g/t at a down hole depth of 64-90 m
wall of the thrust fault with gold equivalent grade from 2.14 g/t to 5.0 g/t at a down hole depth of 64-67 m
TSX-V : JAX 8 Tourmaline breccia with chalcopyrite at grade of 1.94 g/t Au, 0.13% Cu and 0.014% Co Tourmaline breccia with arsenopyrite at grade of 6.60 g/t Au and 0.10% Co Massive pyrrhotite at grade of 4.34 g/t Au, 0.22% Cu, 0.02% Co and 0.01% Bi Quartz tourmaline breccia with pyrite at grade of 2.43 g/t Au, 0.06% Cu, 0.025% Co and 0.018% Bi
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3 priority (S1) drill targets for tourmaline breccia zone in 2019 Drilled & planned drill holes at Backbone tourmaline breccia zone
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Strong copper anomalies from rocks samples (0.05-1.12% Cu) Large argillic and phyllic alteration at Primary Ridge target
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Diorite porphyry intrusion Chalcopyrite, potassium alteration veins & malachite alteration in biotite diorite Whole rock potassium, pyrite alterations in granite
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Large IP anomaly area with porphyry signatures Strong IP chargeability anomalies coincide with strong magnetic anomalies
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Shares Issued 92,070,684 Warrants 17,808,722 Options 6,175,000 Fully Diluted 116,054,406 Last (January 8, 2019) $0.06 52 week high/low $0.29 / $0.045 Institutional Support – Strategic Investor Zijin Global Asset Management Fund
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