Jaxon Identifies High Conductivity Anomaly Under High-Grade Silver in Massive Sulphide
Vancouver, British Columbia (Newsfile Corp. - May 24, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) ('Jaxon' or the 'Company') is pleased to announce that it has purchased and received data from the 2012 Geotech VTEM resistivity/conductivity and magnetics airborne survey (464 line kilometre) flown at the company's Hazelton VMS target, 50 kms northwest of Smithers, British Columbia.
Previous operators at the property had commissioned the survey but failed to complete final payment. Jaxon has provided the survey data to contracted geophysical experts for review, interpretation and further processing. The company has received first phase preliminary plots and expects final modelling results (Maxwell plate) over the course of the next several weeks.
The objective of the survey analysis is to establish connection between the bonanza grades of precious and base metals exposed in semi-massive to massive sulphides at surface (assayed up to 3kg/t silver and 20% zinc over a 1-square km mineralized zone), and evidence of sulphides at depth and along strike.
Early VTEM results in cross section indicate the presence of a 500-metre wide discrete high-conductivity anomaly at a depth of 25m - 75m, and a related magnetic low due to intense iron carbonate alteration throughout the high-grade zone.
The task now is to associate the wealth of historic data at surface, including soils, sawn rock channels, and stream sediment geochemistry with an interpreted 3 dimensional geophysics model, and then apply that model to a district scale understanding of the 28,000 hectare Hazelton property.
Jaxon's crews are mobilizing in the first week of June to initiate the first phase of work for the 2017 field season at the Hazelton property.
ON BEHALF OF THE BOARD OF DIRECTORSJAXON MINERALS INC.
'Jason Cubitt'Jason Cubitt, President.
For further information regarding Jaxon Minerals 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
Click on, or paste the following link into your web browser, to view the associated documents
24.05.2017 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.deLanguage: English
Company: Jaxon Minerals Inc.
Canada ISIN: CA47189K1093 End of News DGAP News Service