Jaxon Mining Inc., CA47200C1023

Jaxon Mining Inc., CA47200C1023

07.11.2017 - 09:05:26

Jaxon Completes First Hole at Max Target, Hazelton

Vancouver, British Columbia (Newsfile Corp. - November 7, 2017) - Jaxon Mining Inc. (TSXV: JAX) (Frankfurt: OU31) is pleased to announce that drill crews at the Hazelton Project completed vertical drill hole number one (DDH-1) to a depth of 170 metres and have re-located 270 metres along trend to the second drill pad for holes two and three. These three holes are testing a large 2D-IP high chargeability anomaly coincident with soil geochemistry anomalies at the southeastern edge of the Max Target. This anomaly, called the Hamblin Zone, is interpreted to be 300 metres long and 80 metres in vertical thickness.

A total of 13 holes for 2,000 metres are planned for this Phase 1 Program, covering a number of zones like the Hamblin. Jaxon intends to complete fieldwork and submissions to the lab for assay by the end of November 2017.

Jason Cubitt, Jaxon's President and CEO, commented: 'We're thrilled to get our phase 1 drill program started before year-end at the Max Target and I want to take the opportunity once again to congratulate our team and all of our contractors for the excellent work they've done mobilizing for this effort.'

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

About Jaxon

Jaxon is a precious and base 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 BEHALF OF THE BOARD OF DIRECTORSJAXON MINING INC.

'Jason Cubitt' ______Jason Cubitt, President.

For further information regarding Jaxon Mining Inc., please contact Mark Carruthers 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.

Click on, or paste the following link into your web browser, to view the associated documents

http://www.newsfilecorp.com/release/30282

07.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Jaxon Mining Inc.

Canada ISIN: CA47200C1023   End of News DGAP News Service

625769  07.11.2017 

@ dgap.de

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