Vancouver, British Columbia--(Newsfile Corp. - September 19, 2017) - Jaxon Mining Inc. (TSXV: JAX) (FSE: 0U31) ("Jaxon" or the "Company") is pleased to announce that it continues to identify high-grade samples and significant extensions to the known mineralization at the Max Target on Jaxon's Hazelton Project in central British Columbia, including the highest silver assay value ever encountered in this year's program.
- Float sample grading 8,952 g/t silver (highest value this season), along with 2.64 g/t gold, 3.57% zinc, 7.89% lead and greater than 5% antimony
- An important rhyolite sample grading 1,221 g/t silver, 1.80 g/t gold, 4.34% zinc, 5.05% lead and 4.53% antimony
Starting from the lowest elevations at the Max Target, a new mineralized exposure has been discovered 800 metres to the northwest of the 550 Zone. Named the 560 Zone, the new exposure consists of bleached volcanics, mudstone and altered sediments. A grab sample from this exposure assayed 1,221 g/t silver, 1.80 g/t gold, 4.34% zinc, 5.05% lead and 4.53% antimony. This semi-massive sulphide-bearing rhyolite sample is important due to its possible affinity to a shallow marine style volcanogenic massive sulphide (VMS) deposit setting. This grade is similar to those reported from channel samples in several Max trenches distributed along the slope between the 550 Zone and the 742 Zone (742 metres elevation) (see Jaxon news release August 9, 2017) and is indicative of silver sulphosalt enrichment.
Moving up-slope, approximately 150 metres to the southwest from the high-grade silver exposures at the 742 zone (which returned values including 1,006 g/t silver over a one-metre channel sample, announced August 9, 2017), a large angular float massive sulphide sample was located in a new slide area. This exposure returned the highest silver values from Jaxon sampling to date, assaying 8,952 g/t silver, 2.64 g/t gold, 3.57 % zinc, 7.89 % lead and greater than 5% antimony.
420 metres further up-slope, at an elevation of 1049 metres, a sulphide-rich siliceous vein was located, which assayed 1,018 g/t silver, 18.7 % zinc, 27.9% lead, and greater than 5% antimony.
Bruce Ballantyne, Jaxon's Project Manager, stated "Jaxon is very appreciative of the professional prospecting work completed this year by its team. The Max Target in the northeast corner of the 39,000 hectare Hazelton Project has been considerably expanded in its area potential, while the recently-announced CRT and RS high-grade gold-tellurium discovery 17 kilometres to the south is equally important in establishing the Hazelton district's opportunity for new discovery."
Technical information in this news release has been reviewed and approved by Case Lewis, P. Geo, a qualified person as defined in National Instrument 43-101. This property has not been the subject of a National Instrument 43-101 report.
About Jaxon
Jaxon is a base and precious metals exploration company with a regional focus on Western Canada. The company is currently focused on advancing its Hazelton Project in north-central British Columbia and the More Creek Project (consolidating the Wishbone and Foremore properties) in BC's Golden Triangle.
ON BELHALF OF THE BOARD OF DIRECTORS
JAXON MINING INC.
"Jason Cubitt"
Jason Cubitt, President.
For further information regarding Jaxon Mining Inc., please contact Jason Cubitt at 604-608-0400
Toll free: 1-877-608-0007.
This news release may contain forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames. or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither TSX Venture exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release