Jaxon Confirms Gold-Cobalt Mineralization Extension Along Both Strike and Dip of Backbone Tourmaline Breccia Zone at Red Springs and Announces Investor Relations Engagement

Originally posted on: https://jaxonmining.com

Jaxon Mining
Jaxon Mining Inc

January 14, 2019, Vancouver, Canada – Jaxon Mining Inc. (TSXV: JAX) (FSE: OU31) (OTC: JXMNF) (the “Company”) is pleased to announce it has received the assay results from diamond drill holes BB18-04 and BB18-05, drilled from the same platform as BB18-03 but at different angles, azimuths and depths.

Five of ten planned drill holes were completed before weather conditions halted the program. All holes targeted the Backbone gold-cobalt tourmaline breccia mineralization zones along strike at Red Springs, located 9 km from Highway 16, on the Company’s 44,000 ha Hazelton property in the Skeena Arch area of North West British Columbia.

Assay results (Table 1) from BB18-03 to BB18-05 at the Backbone tourmaline breccia zone (Figure 1) confirm:

  • approximately a 40 m long and 2 to 3 m thick high-grade band strike extension at a gold equivalent grade from 2.40 g/t to 5.0 g/t within a 21 to 26 m wide mineralization zone
  • approximately a 100 m long and 1 to 2 m thick high-grade band dip extension at a gold equivalent grade from 2.14 g/t at BB18-04 to 15.28 g/t at surface trench Tr-D within approximately 20 m wide mineralization

See entire Press Release at: https://jaxonmining.com