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Jaxon Mining Inc
Symbol C : JAX
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Close 2017-12-06 C$ 0.23
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Jaxon Mining completes drill program at Hazelton

2017-12-07 06:33 ET - News Release

Mr. Jason Cubitt reports


Jaxon Mining Inc. has completed the fall/winter 2017 drilling program at its Hazelton silver-zinc project, located 50 kilometres north of Smithers, B.C., in the prolific Skeena Arch.

Jaxon drilled a total of 2,281 metres in 12 diamond drill holes. Core logging is almost complete, and core splitting is continuing. As of today, 1,019 samples have been selected to be sent to MS Analytical laboratory in Langley, B.C. Delays are still being experienced at the lab due to an above-average volume of business late in the season. First assays are expected by late December, 2017.

Core was sampled based on zones of mineralization, alteration and lithology and sampled intervals ranged in size from 0.5 metre to 2.0 m, with the average being approximately 1.0 m. Representative samples of core from mineralized zones have been selected for future petrographic studies as well.

Bruce Ballantyne, Jaxon's project manager, stated: "Jaxon is very appreciative of the excellent expert team work of the diamond drill crews, helicopter support, pad builders, ground logistics, and the professional work of the core logging, sampling and sawing, cutting and shipping crews. Considering that the oncoming winter weather made things difficult, the swift completion of the program was outstanding." He added, "At this stage, Jaxon has strong confidence that the zones of mineralization noted in the drill core are directly related to the anomaly trends as modelled from the 3-D and 2-D IP [induced polarization] survey."

John King Burns, chairman of Jaxon, stated: "We would like to thank Bruce, our entire team, our contractors and the local community for designing and completing the drill program safely, on time and budget with no loss time accidents. We announced in the late fall that we were going to conduct a drill program at the Max target before winter weather set in, we successfully closed a financing to pay for the work and we have now completed the program. We are already starting to design our exploration and drilling programs for the spring of 2018 and will announce those plans in the winter of 2018."

This news release has been reviewed and approved by Derrick Strickland, PGeo, a qualified person for the purpose of National Instrument 43-101, standards and disclosure for mineral projects.

About Jaxon Mining Inc.

Jaxon is a precious metal and base metal 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 British Columbia's Golden Triangle.

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