Jaxon's 2021 Sampling Program Vancouver, British Columbia--(Newsfile Corp. - January 26, 2022) - Jaxon Mining Inc. (TSXV: JAX) (FSE: 0U31) (OTC Pink: JXMNF) ("Jaxon" or the "Company") is pleased to release the results of the 2021 soil and rock sampling program conducted at the Blunt Mountain project, one of seven porphyry-epithermal system targets Jaxon is advancing on its 100% controlled Hazelton Property 50 km north of Smithers, BC. A total of 14 rock samples and 99 soil samples were collected from the 2 km-long shear/contact zone in the northeast area of Blunt Mt (Figure 1). Seven of the chip/grab samples averaged 1079 g/t AgEq. The epithermal silver polymetallic quartz vein/breccia mineralization zone is observed to be up to 2 km long and 1 m to 5 m wide.
Key Highlights of the 2021 Rock and Soil Sampling Program at the Blunt Mountain Project
- Sampling identified a large, high-grade, epithermal silver polymetallic mineralization zone. One grab sample from an outcrop in the mineralized zone reported up to 1795 g/t AgEq (silver equivalent) including 923 g/t Ag, 2.68 g/t Au, 4.04% Sb, 8.39% Pb, 2.09% Zn and 0.36% Cu (Figure 2, Sample 072030). Two channel chip samples (072046 and 072047) approximately 2.5 m wide reported up to 878 g/t AgEq including 504 g/t Ag, 0.66 g/t Au, 2.98% Sb, 0.73% Pb, 1.41% Zn and 0.16% Cu (Figure 3); seven samples were taken from the south (072045), centre (072028, 072030, 072046, 072047) and north areas (072029, 072050) along strike in the mineralization zone, indicating the existence of near-surface Ag-Sb rich polymetallic epithermal mineralization. The strike extends approximately 2 km along the surface (Figure 4 and Table 1).
- 99 soil samples were collected from the mineralization strike and tested with a handheld XRF analyzer. Ag, Cu, Pb, Zn, Sb and As were detected and all show the same pattern of strong chemistry in soil anomalies along the mineralized zone confirming the continuation of this Ag-Sb rich polymetallic epithermal mineralization along strike (Figure 5).
- Field observations confirm the mineralization strike to be approximately NE40o, dipping SE at angles of 40o to 60o. Noranda drilled the area in the 1980s but missed the mineralization. Their holes were drilled parallel to the mineralization or were not deep enough to hit the target (Figure 6).
John King Burns, Chairman and CEO of Jaxon Mining, commented, "These sampling results place the Blunt Mountain porphyry-epithermal system target third out of seven in our ranking model. The pervasive nature of mineralization at Blunt Mountain is typical of the mineralization distribution found in epithermal caps above major porphyry systems. The geochemical data resulting from the 2021 sampling program will be utilized to inform our geological modeling exercises. The data will be augmented by the results from additional geochemical and geophysical surveys. These surveys and additional work on Blunt Mt will be conducted after Jaxon has completed a drill test of the Netalzul Mt porphyry system."
About Jaxon Mining Inc.
Rich in large-scale geological targets/assets, Jaxon has seven porphyry system targets on its 100% controlled Hazelton property, an interconnected network of concessions spanning 700 km2 in the Skeena Arch in northwest British Columbia, Canada. The Skeena Arch is an exceptionally orogenic and metallogenic setting, geochronologically suitable to host preserved porphyries.
Jaxon pursues the discoveries of deeper, under cover, commercial scale and grade Cu, Au, Ag, polymetallic porphyry epithermal systems associated with distal mineralized, propylitically altered zones nearer to surface. Jaxon's team is made up of experienced model-driven explorationists. Geochemical, geophysical and structural data is collected and integrated to generate 3D models to assist in the visualization and projection of the location of targeted porphyry systems.
Netalzul Mt is Jaxon's most advanced target, the priority of seven identified porphyry epithermal system targets at Hazelton. Red Springs is the second target being prepared for drill testing. The five other targets are in various advancing stages of exploration.
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