Jaxon Announces that Results Confirm High-Grade Mineralization; Sets Stage for Drilling

DGAP-News: Jaxon Minerals Inc. / Key word(s): Miscellaneous Jaxon Announces that Results Confirm High-Grade Mineralization; Sets Stage for Drilling 09.08.2017 / 09:01 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - August 9, 2017) - Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) is pleased to announce that the company has completed its first phase of fieldwork at its silver, zinc, gold Hazelton VMS project, located 50 kilometres north of Smithers, BC in the Skeena Arch.

'We acquired a property with spectacularly high grades of silver and zinc in outcrop at surface, but little in the way of geological mapping, structural modeling, or data continuity necessary to infer mineral potential at scale' said Jason Cubitt, Jaxon's President and CEO, 'Now we're confident that with this first phase of field operations we've taken a significant step toward that end.'

Carl Swensson, Jaxon's Technical Advisor commented, 'Feeder zone mineralisation provides significant additional width to the statiform mineralisation resulting in the potential for good mining widths.' Mr. Swensson continues, 'The exploration opportunity is to determine the 3D geometry and size potential of the system.'

Surface channel sampling at the Max Zone

Channel sampling of host wall rock and discrete veins, breccia and sulphide lenses tested thickness of sulphide zones. Channel widths of up to 5 metres from nine exposures were recorded over a 700 metre surface extent and almost 200 metres of elevation. Jaxon has received assay results from 134 of the 213 individual 1-metre-length channel samples collected in Phase 1.

Selected Highlights from MAX TARGET detailed CHANNEL ROCK SAMPLING 2017

Channel Name	Channel Width (m)	Ag g/t	Zn %	Pb %	Au g/t
742S-801	2	406	5.44	1.75	0.60
742S-807	3	694	6.83	3.98	1.12
Including	1	1,006	7.87	7.76	1.624
742N-816	1	143	1.67	1.27	0.30
742N-822	2	304	5.32	3.94	1.11
740-853	5	162	4.57	1.23	0.26
	2	288	11.59	11.50	2.96
724-945	1	120	3.10	8.29	0.66
724-949	1	244	4.85	6.41	0.69
705-926	2	166	9.11	1.23	0.39
705-933	2	295	22.02	3.61	0.81
685-901	1	780	2.00	3.69	0.94
680-906	2	408	0.26	0.74	0.62
680-914	1	231	1.71	1.53	0.02
	1	172	5.78	3.04	0.01
550-839	2	262	6.57	2.30	1.54