DGAP-News: Jaxon Drill Tests High Chargeability Anomalies at Hazelton

Nachricht vom 10.11.2017 (www.4investors.de) -

DGAP-News: Jaxon Mining Inc. / Key word(s): Miscellaneous

Jaxon Drill Tests High Chargeability Anomalies at Hazelton
10.11.2017 / 00:38

The issuer is solely responsible for the content of this announcement.

Vancouver, British Columbia--(Newsfile Corp. - November 9, 2017) - Jaxon Mining Inc. (TSXV: JAX) (FSE: OU31) is pleased to provide the following update from its Fall/Winter 2017 drill program at the Company's Max silver-zinc target area at the Hazelton Project in the Skeena Arch, British Columbia.Highlights:Two additional holes completed - 270m north of hole 1Testing high chargeability IP anomaly with modelled 50m thickness and greater-than 200m strike lengthIP target in close proximity to sulphide outcrop rich in zinc and silver bearing sulphosaltsMoving drill 500m west and upslope 200 vertical metres to second sulphide-in-outcrop zoneJaxon Mining has completed the second and third drill holes, JAX 17-02 and JAX 17-03, for a length of 201m and 150m respectively. Both holes were drilled from the same pad location, approximately 270m north of drill hole JAX 17-01. These first three holes test chargeability targets (the Hamlin IP target zone) from the Volterra 2D induced polarization (IP) inversion below the survey line 4000E. The associated 2D inversion cross-section model depicts flat lying high-chargeability features with thickness of 50m and individual strike length of greater than 200m. This IP target is in close proximity to outcropping sulphide exposures previously channel sampled at the 550 Zone and rich in zinc and silver bearing sulphosalts (See JAX News Release Aug 9, 2017), as well as airborne geophysical VTEM conductive zone targets.Jaxon is moving the drill to a third location about 500m further west of the Hamlin IP target zone and upslope approximately 200 vertical metres to a location near the sulphide exposures trenched and channel sampled at the 724 zone (See JAX News Release Aug 9, 2017). At this location the sulphide exposures are also rich in zinc and silver bearing sulphosalts and are closely associated with iron pyrite which Jaxon interprets as being highly chargeable in the 3D Volterra detailed IP survey.At surface the area is characterized by a red-brown gossanous colouration in the bedrock exposed in a rockslide on the north side of a creek gully. A strong 3D IP chargeability anomaly is developed at surface, co-incident with the mineralised outcrops, and is well developed at depth for a strike length of over 200m with a co-incident low resistivity anomaly. The geophysical anomaly and mineralised exposures are also coincident with very anomalous antimony-silver-zinc soil geochemistry. This zone is known as the 700 North Zone IP Anomaly. Drill hole JAX 17-09 will commence today and will be drilled at an 80 degree dip to an estimated depth of 120m.All drill core in wooden sample boxes are removed by Jaxon staff from the drill sites daily and transported to Jaxon's secured drill core logging and core cutting facility in Smithers, British Columbia. After completion of the drill core saw cutting and QA-QC preparation for each hole, the batch of samples are sent by secure transport to the sample preparation laboratory and analytical facilities in Langley, British Columbia. The Company expects the first batch of drill core samples to be shipped at or around November 12th.This news release has been reviewed and approved by Derrick Strickland, P.Geo. a qualified person for the purpose of National Instrument 43-101, standards and disclosure for mineral projects.About JaxonJaxon 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


10.11.2017 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

Jaxon Mining Inc.


End of News
DGAP News Service

627711  10.11.2017 

PfeilbuttonErgomed: „Evotecs fantastischer Erfolg ist ein positives Signal“ - Exklusiv-Interview
Pfeilbuttonmic AG: „Wir wollen Industrie 4.0 und Blockchain verbinden“ - Exklusiv-Interview
PfeilbuttonAURELIUS: „2017 wird das beste Jahr in unserer Unternehmensgeschichte” - Exklusiv-Interview

+++ Exklusive Interviews und Analysen - gratis in Ihre Mailbox! +++

Tragen Sie sich jetzt für unseren kostenlosen 4investors Newsletter ein.

Bestätigungslink nicht per Mail bekommen? Bitte kontrollieren Sie Ihren Spamordner!

Der 4investors Newsletter erscheint unregelmäßig, i.d.R. 2 bis 6 Mal pro Monat. Wir geben ihre Mailadresse an keinen Dritten weiter! Sie können den kostenlosen 4investors Newsletter jederzeit problemlos wieder abbestellen.
comments powered by Disqus

Aktuelle Nachrichten aus der 4investors-Redaktion

22.11.2017 - Drillisch: Neues aus dem Aufsichtsrat
22.11.2017 - Nordex Aktie: Beginnt gerade die Erholungsrallye?
22.11.2017 - Geely Aktie: Haben sich die Bullen ausgetobt?
22.11.2017 - BYD Aktie: Aufwärtsdrang schon wieder beerdigt?
22.11.2017 - CTS Eventim: Online-Geschäft verbessert die Margen
22.11.2017 - Pantaflix: Neuer China-Deal
22.11.2017 - Varta: Operativer Gewinn hat sich verdoppelt
22.11.2017 - Tele Columbus: Aktie nach neuer Prognose im Minus
22.11.2017 - Aurelius verkauft Studienkreis-Gruppe an IK Investment Partners
22.11.2017 - mic AG: Gelingt der Aktie jetzt der große Sprung?


22.11.2017 - Geely Aktie: Haben sich die Bullen ausgetobt?
22.11.2017 - BYD Aktie: Aufwärtsdrang schon wieder beerdigt?
22.11.2017 - mic AG: Gelingt der Aktie jetzt der große Sprung?
22.11.2017 - Evotec Aktie: Jetzt einsteigen - oder draußen bleiben?
22.11.2017 - Medigene Aktie: Shortseller in der Falle?
21.11.2017 - Fintech Group: Achtung, Aktie mit einem weiteren Kaufsignal
21.11.2017 - BYD Aktie setzt noch einen drauf - Kaufsignale
21.11.2017 - Commerzbank Aktie: Kommt der große Durchbruch?
21.11.2017 - Deutsche Bank Aktie: Spekulieren auf die Konsolidierung?
21.11.2017 - Evotec Aktie: Nervöse Shortseller - war das nur der Anfang?


22.11.2017 - Energiekontor: Neues Kursziel für die Aktie
22.11.2017 - Deutsche Rohstoff: Nach der Warnung
22.11.2017 - Uniper: Eine klare Ablehnung
22.11.2017 - Rheinmetall: Plus 16 Prozent
22.11.2017 - S+T: Weiter im Höhenflug
22.11.2017 - Novo Nordisk: Ein positiver Unterton
22.11.2017 - Aurelius: Exit stützt die Kaufempfehlung
22.11.2017 - Österreichische Post: Quartalszahlen beeinflussen Kursziel
22.11.2017 - BASF: Neues Kaufvotum
22.11.2017 - Wirecard: Gewinnprognose sinkt


22.11.2017 - US-Daten zum Auftragseingang im Fokus - National-Bank Kolumne
22.11.2017 - Beiersdorf Aktie: Neues Allzeithoch in Reichweite - UBS Kolumne
22.11.2017 - DAX: Verlorenes Terrain zurückerobert - UBS Kolumne
21.11.2017 - Politische Sondierungen in Berlin deuten in Summa auf Neuwahlen - National-Bank Kolumne
21.11.2017 - Jamaika gescheitert – was sind die Folgen für Kapitalmärkte und Wirtschaft - Commerzbank Kolumne
21.11.2017 - HeidelbergCement Aktie: Kampf mit Trendlinie geht weiter - UBS Kolumne
21.11.2017 - DAX: Schwankungsintensität steigt - UBS Kolumne
20.11.2017 - DAX: Scheitern der Jamaika-Sondierungen als weiterer Belastungsfaktor - Nord LB Kolumne
20.11.2017 - Hohe politische Unsicherheit führt zu Kurssprung beim US-Dollar - National-Bank Kolumne
20.11.2017 - Walt Disney Aktie: Richtungsentscheidung naht - UBS Kolumne


All Right Reserved by minimalthemes - ©2014 Stoffels & Barck GbR