Vancouver, British Columbia--(Newsfile Corp. - December 13, 2016) - Jaxon Minerals (TSXV: JAX) is pleased to announce that it
has received results from the re-assay of sample 16-02, one of four surface samples taken on its due diligence site visit to the
recently optioned Price Creek property (see news release dated November 2nd, 2016). As previously reported, the silver content in
the sample material exceeded the upper limit of the assay method used. The re-assay of sample 16-02 reported a silver grade of 1942
ppm or 68.5 ounces per tonne. Complete assay results of the four samples are provided in the table below.
Sample No. |
Location
(Showing) |
Au
PPB (g/t) |
Ag
PPM (oz/t) |
Pb
% |
Zn
% |
| 16-01 |
Knoll View |
6,259 (6.26) |
39 (1.25) |
4.99 |
4.45 |
| 16-02 |
Creek |
4,732 (4.73) |
1,942 (68.5) |
19.59 |
5.7 |
| 16-03 |
Ted |
488 (0.49) |
213 (6.85) |
12.21 |
6.46 |
| 16-04 |
Main |
659 (0.66) |
65 (2.1) |
1.07 |
21.29 |
The Company is also pleased to announce that it has entered into a letter agreement to expand the terms of the previously
announced letter agreement (see news release dated November 23, 2016) to include an additional 15 claims along mineralized trends
bordering the southwest border of Jaxon's Price Creek property. Payment terms to the vendor remain unchanged, subject to a 1%
net-smelter-return royalty on all ground contained within the agreement.
This news release has been reviewed by Glen Macdonald, PGeo (a qualified person for the purpose of National Instrument 43-101,
standards and disclosure for mineral projects).
About Jaxon
Jaxon is a base and precious metals exploration company with a regional focus on Western Canada. The company is currently
advancing its optioned Price Creek property in north-central British Columbia. The property has seen considerable historic
exploration work and presents a volcanogenic massive sulphide-style target with reported potential Eskay Creek/Equity silver- style
mineralization.
ON BEHALF OF THE BOARD
Signed "Jason Cubitt"
Jason Cubitt, President and Director
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.
