Price Creek Property
Price Creek, Jaxon’s flagship property, spans 3,317 hectares and is prospective for worldclass Eskay Creek and Equity Silver style mineralization. Widespread soil anomalies and surface showings up to 2,015 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. Price Creek 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 ore
- 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
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 Price Creek 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.