Read on for a bunch of pictures from Jaxon Mining (TSXV:JAX). This is the 3rd part of my interview with Mr. Bruce Ballantyne, Project Manager for Jaxon. The photos we discuss were captured during the 2017 field season. Since our interview in May, Bruce has executed one of the best field programs I’ve ever heard of in BC. Read the July news release from Jaxon about “discoveries” for more. 

Bruce Ballantyne: Now, let’s look at some of the rocks we have at surface at CRT-RS. I'll explain these things to you.

First off, when you fly around our target you see humongous leach zones or clay alteration zones. They could be high sulphidation leach cap like what they had in the other places or lithyl cap or other things, but they are clearly big areas of alteration adjacent to red rusty rock that cover a broad area.

It’s not just that we have redness all over the place, there’s some variety to the alteration that is an important part of seeing these breccia pipes as part of a system. Let me show you one of those.

>> Views from surface, “We walk along this and looking at our rocks on these hill slopes. This black rock is outcropping tourmaline breccias, which is related to the rusty zones nearby.”

Picture descriptions:

1. Red Spring showing rusty , leached sulphides and cirque tarn lakes.

2. Red Springs again with oxidized, intensely leached sulphide zone at surface.

3. See white-bleached alteration zone again in upper right, this time adjacent to copper porphyry exposure on steep slope.

4. Beached-white alteration zone in background. Rusty zone in foreground with black tourmaline breecia and sulphides.

Bruce Ballantyne: This is what we're faced with. We walk along this and looking at our rocks on these hill slopes. This black rock is outcropping tourmaline breccias, which is related to the rusty zones nearby.

We didn't just pick up one rock and put it in the bag. When we hit something like this, we came around to many other places in the area, broke off rock chips, and put them in the bag until we got a kilo of material them from this mineral occurrence. When something comes back at ten grams gold per tonne, I'm convinced that this is a pretty good spot because we are finding gold and high amounts of tourmaline.

Now we have to come back and see how far does this go over here. Is this an outcrop of tourmaline breccia here? Do we have tourmaline breccias underneath this alteration zone there, which is just across the valley – we haven’t even been there yet! I’ve only been there one day so far. This is new.

Peter Bell: And it’s covered in snow right now, or rapidly melting?

Bruce Ballantyne: Yes, we hope it is rapidly melting.

We think we could get something like what Chakana and Xanadu have around our different properties there and we look forward to testing that.

>> Close-up of outcrop with “altered white, bleached, cooked material. Keep that in mind, that white, bleached, cooked material with black tourmaline breccias, brecciated material going through and all over the place look at black over there – that's all black massive tourmaline. That's one showing.”

Picture descriptions:

1. Black tourmaline breccia altered contact host rock with bleaching.

2. Closeup of high-grade area with black tourmaline clots.

3. Vapour-volatile-bleaching adjacent to tourmaline breccia body.

Bruce Ballantyne: You can see a close-up of the outcrop here.

Peter Bell: Woah!

Bruce Ballantyne: I just lined it right up. Boom, boom there across. These are all alteration white, bleached, cooked material. Keep that in mind, that white, bleached, cooked material with black tourmaline breccias, brecciated material going through and all over the place look at black over there – that's all black massive tourmaline. That's one showing.

Peter Bell: Is there any potential for that black material to be something else? Manganese is black like that, right?

Bruce Ballantyne: You can tell with your hand lens. You can see the tourmaline minerals and open spaces that's being filled in or cemented with sulphides. Sometimes the sulphides are weathered out a bit because it’s all rusty red rocks in there.

>> Sulphides cementing breccia?! “Remember how the shingles are a classic feature of these systems? Well, this is an example of the shingle texture – a classic texture on the margin of the tourmaline body. Notice also how the black comes in between the white rocks. We’re seeing this in big boulders sticking out at surface.”

Picture descriptions:

1. Classic margin of breccia body. Shingle clasts with chaotic clast textures and black touramline cement.

2. A giant boulder displays the margin of breccia shingles clasts.

3. Example of a black tourmaline matrix acting as cement for altered clasts.

4. Classic black tourmaline needles filling open spaces volatiles and boron gas.

Bruce Ballantyne: Here's a picture of a more cemented one. Remember how the shingles are a classic feature of these systems? Well, this is an example of the shingle texture – a classic texture on the margin of the tourmaline body.

Notice also how the black comes in between the white rocks. We’re seeing this in big boulders sticking out at surface.

Peter Bell: At surface?

Bruce Ballantyne: Yes, this is at surface.

Peter Bell: It hasn’t rolled down the hill or anything?

Bruce Ballantyne: I can't say. But I can say that it’s on a red slope – all the rocks here are red from the leaching. Here’s a close up. These rocks talk to you.


Disclaimers

This document contains statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Peter Bell has not been compensated to prepare and distribute this material.