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Jaxon Mining shares surge as it fleshes out 2018 exploration plans

Last updated: 07:54 06 Mar 2018 AEDT, First published: 02:54 06 Mar 2018 AEDT

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Exploration on the Max target is fully drill permitted for another four years

Jaxon Mining Inc (CVE:JAX) shares added over 14%  as it outlined its 2018 exploration plans for the Hazelton project and the More Creek project in British Columbia.

After successful drill results last year, exploration on the Max silver-zinc VMS target at Hazelton is fully drill permitted for another four years with up to 19 new drill  locations permitted for 2018.

The plan is for extension drilling at Max on high-grade silver and zinc.

The firm also plans to carry out detailed mapping/sampling at the new porphyry discovery at Hazelton - the CRT-RS target.

At More Creek, Jaxon has nearly finished a comprehensive data compilation, which covers over 24,000 hectares, and hosts 23 targets with over C$10mln spent historically.

Numerous promising results did not have any follow-up so the current plan is to test four of those 23 targets, with additional geological work and ground geophysics.

A fifth target, the TS Target, represents a new mineralised exposure, which was identified during Jaxon's brief site visit in October last year.

Jaxon Mining shares in Toronto added 14.29% to C$0.16.

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