Tony Guo, Jaxon's COO and Chief Geologist, the team will conduct a ground magnetic surveying program targeted mainly on the porphyry system
at the Primary Ridge area at Red Springs.
Following discovery of the mineral system at West Wyalong (3 July 2017 West Wyalong Maiden Drilling Confirms Mineralised Porphyry System
) the company has undertaken an exciting phase of target generation.
"We are also excited about the project's large footprint and its promising historic exploration results, which clearly show the potential for a major copper-gold porphyry system
," she said in a statement.
Surface prospecting undertaken in early December has located what management believe is a mineralized Porphyry system
that displays an ovoid shape being 1.3 km long with an estimated width of 1 km; approximately 90% of the Porphyry signature has been mapped to date.
The geological work involved logging of the drilled cores, ore mineralogy, identification of alterations zones associated with porphyry system
, petrography and geochemistry for gold, copper, molybdenum and silver.
Caspiche is a gold-copper porphyry system
with an oxide gold zone on surface and a high-grade gold-copper core, which has the potential to be developed as a high tonnage, long life mining operation.
The Phase I drill programme includes seven drill holes for an estimated total of 2,500 meters and is intended to test the targets defined to date, an outcropping disseminated gold epithermal system hosted within sedimentary rocks and an underlying, intrusive-hosted, copper - gold porphyry system
Mineralization in the Victoria porphyry system
along this section is very regular and indicates a northerly-dipping, roughly east-west trending, tabular body which remains open to the north.
announced the discovery of a copper bearing porphyry system
at Dona Loretta, within the Bayaguana joint venture in the Dominican Republic, reports CNW Telbec (July 20, 2004).
The fourth porphyry system
, Profunda, is covered with some 400 m of post-mineralisation Tertiary ignimbrites.
(d) "Greisen" and quartz-pyrite alteration of wall rocks, characterized by the development of quartz-pyrite-hubnerite veins with minor molybdenite ([+ or -] fluorite in veins and alteration) that may be related to a large hydrothermal porphyry system
at depth, took place in the Tertiary.