Jaxon Mining Inc. announced the results from the porphyry monzonite dating and zircon analysis studies from the Netalzul Mountain project. The geochronology study reveals the high-grade porphyry monzonite Cu mineralization (up to 1.47% Cu) formed approximately 64.41 MA to 61.60 in the Early Tertiary (Paleocene, 66-56 MA) period within two different phases, placing it within the youngest of two main episodes of porphyry formation in the Stikine terrane in British Columbia. During field work in 2021, four monzonite rock samples were collected from surface outcrops and drill cores at the Netalzul Mt porphyry copper project.

During field work in 2021, four monzonite rock samples were collected from surface outcrops and drill cores at the Netalzul Mt porphyry copper project. Two phases of monzonite dyke intrusions were confirmed by the zircon dating study. Two samples (A0027511 and NET21-05) from the north area (Figures 2-4) are dated at 64.41 MA and 63.23 MA, respectively.

A0027511 is a surface outcrop rock sample with a Cu grade @ 0.27% whereas NET21-05 is a composite core sample from a depth of 43-44 m with a Cu grade @ 0.5%. These two monzonite dykes are within a 200 m distance, with the same mineralization, lithology, rare earth and trace elements. They formed in phase I of the magma intrusion and are in the same age range as the granodiorite host at the Netalzul Mt project.

Two monzonite outcrop samples (072518 and 072521) from the south area are dated at 61.6 -61.87 MA and are 2-3 MA years younger than the granodiorite host and monzonite dykes in the north area. They most likely belong to phase II of the magma intrusion. The Cu grade of sample 07521 is up to 1.47%.

A similar age (61.6 MA) molybdenite vein in the granodiorite at the north area (A0020746-2) was reported in the 2020 dating study, indicating phase II of the magma intrusion is widespread at the Netalzul Mt project.