Manitoba/Saskatchewan, Canada

Flin Flon Project - Greenstone Belt, Manitoba/Saskatchewan

Project Location Map:

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Property History:

Significant copper-silver-gold mineralization is known to occur on the Lucille Lake claims where a historic shaft, adit and trenches were found dating from the 1930s. At the Beatty Lake Block typical volcanogenic massive sulphide (VMS) style deposit grades of Cu+Zn+Au+Ag were discovered by the vendors.

VMS styles of mineralization in the Belt are known to have characteristic airborne geophysical patterns showing strong conductance and associated magnetic response. Older airborne electromagnetic (EM) and magnetic surveys in the public domain show anomalous conductance and magnetic trends on portions of the properties where previous surveys were flown. Recent 2010-2011 airborne magnetic surveys flown by the vendors over the three properties were provided to Jaxon who compared the results to Hudson Bay Exploration and Development Company Ltd., public domain, proprietary, 1993-1995 SPECTRUM system (EM+MAG) airborne data which covered portions of the properties. Geophysical patterns from the vendors modern magnetic surveys, older EM shallow penetration survey and SPECTRUM EM-MAG anomalies show correlations which can be improved to drill ready target delineation with the planned deeper (plus 300 metres) penetration VTEM-MAG system survey. Coincident conductive-magnetic targets have already proven to lead to new VMS discoveries by others in this famous Belt by using the modern airborne system.

 

2011 Exploration Plan:

Jaxon is preparing to initiate an exploration program to further identify and test VMS and structurally controlled gold targets on the three properties. The Phase One approach will include airborne geophysical surveying of the claims by Geotech Ltd., Aurora, Ontario (VTEM-MAG Survey) and drilling of prioritized exploration targets.

 

VMS Bimodal-Mafic Volcanics

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