Quartz tourmaline breccia has been identified as indicative of porphyry systems at Jaxon Mining’s (TSXV: JAX) Red Springs project in western Canada.
Gold grades from surface grab and channel samples in the breccia zones are up to 40.41 g/t with cobalt and copper grades up to 0.36% and 8.33% respectively
The finding follows an analysis carried out by C.E. Beckett-Brown, a
According to Jaxon, the academic report also identifies other occurrences of tourmaline which have proven to be indicators of porphyry-style mineralization at different locations around the world.
“These other systems become analogs to the porphyry systems now under exploration at Red Springs,” the company said in a media statement.
Located in the northwestern part of the province of British Columbia, Red Springs sits on Jaxon’s Hazelton property, which spans more than 42 hectares and is prospective for high-grade gold-cobalt tourmaline breccia mineralization and associated large copper porphyry systems.
“The mineralization type at Red Springs is the first of its kind in this area of British Columbia and is analogous to other well-known world-class tourmaline breccia porphyry copper deposits such as the EI Teniente porphyry copper deposit (> 75 Mt copper metal) in Chile and the Soledad porphyry copper-gold deposit in Peru,” the miner’s media brief reads.