Silver Mines secures $20m investment from Lundin, Rule-led fund
The company's flagship project hosts the largest known undeveloped silver resource in Australia.
Jaxon Mining of Vancouver has discovered high grade antimony-silver mineralization on its flagship Red Springs (Hazelton) property in the northwest region of the province.
Assays from the 2018 surface sampling and geological mapping program contained up to 5% antimony, 302 g/t silver, 2.94% zinc and 1.70% lead. These samples came from an area of more than 500 metres long and 200 metres wide.
Jaxon is designing a multi-disciplinary exploration program to map the sources of the mineralization and extend the antimony-silver discovery area. A drilling program is planned to test the porphyries that the company has modeled as the source of the antimony-silver and gold-cobalt tourmaline mineralized breccia zones.
This article first appeared in The Canadian Mining Journal.
