Jonathan Egilo, President and CEO of AXO Copper (TSX.V: AXO), joins me for a comprehensive introduction to this newly listing high-grade copper exploration and development company, and their flagship La Huerta Project in the prolific Sierra Madre Belt of Jalisco, Mexico.
We highlight the history of the La Huerta Project, where a private family business had produced high grade copper on the project, and then some of the work this team has done in the background once picking up the project in 2021 and doing some exploration and derisking as a private company.
Some prior drilling at the property yielded strong high-grade copper mineralization, with highlights including:
▪ 13.7 metres of 5.03% Cu
▪ 9.50 metres of 6.63% Cu
▪ 7.60 metres of 7.37% Cu
▪ 7.35 metres of 5.00% Cu
Jon outlined that the initial plan is to do some aggressive step-out drilling to demonstrate the potential scale of the mineralized footprint, with a 15,000 meter drill program. This exploration program will be focused on defining near-surface mineralization and targeting new discoveries at depth in this underexplored district; following up on the recent drilling and trench sampling that returned excellent grades.
There will be a C$15,000,000 proposed equity offering at the IPO, and he breaks down the budget for this year’s program and property payments. We reviewed Jon’s background in the sector, and that some of the founding shareholders and board has members from both GoGold Resources, and Silver Tiger, including the Executive Chairman, Glenn Jessome.
If you have any questions for Jon regarding AXO Copper, then please email me at Shad@kereport.com.
