Canada - Jaxon Mining Inc. ('Jaxon' or the 'Company') (TSX.V: JAX, FSE: 0U31, OTC: JXMNF) is pleased to announce it has completed three drill holes, NET21-01, NET21-02 (233 m in length, and NET21-03 (341 m in length 0-degree/-90-degree) at the Netalzul Mt project on the Hazelton Property near Smithers, B.C.
The three holes (NET21-01, NET21-02 and NET21-03) tested the high-grade silver polymetallic sulfide-quartz veining zones at Daisy South Adit Zone that extend more than 1,600 m (1.6 km) along strike as indicated on surface by outcrops and four artisanal adits. Patterns of alteration in the core indicate the presence of the deeper porphyry system that generated the mineralization.
NET21-01 intercepted both Adit #1 and Adit #2 high-grade silver polymetallic sulfide-quartz veining zones as targeted, with total cuts of more than 24.2 m in width (hole interception, not true width) of intense mineralized silver polymetallic sulfide-quartz veining zones. NET21-01 undercut the Adit #1 mineralization zone from 21.0 m to 31.1 m and the Adit #2 mineralization zone from 147.9 m to162.0 m below surface at the Daisy South Adit Zone (https://bit.ly/3s1s48U). In addition to the high-grade vein type tetrahedrite, chalcopyrite, galena, sphalerite at Adit # 1 and Adit #2 zones, there are intense to medium chlorite, pyrite, chalcopyrite, potassic and silicification alteration from the beginning to the end of the NET21-01 hole, containing low-grade and bulk tonnage Cu-Mo mineralization. The Company projects that the grades of the Cu-Mo mineralization should increase with depth in proximity to the deeper porphyry target.
NET21-02, drilled at the same pad as NETGD21-01 at Daisy South Adit Zone with a 297 degree northeast orientation and -74 degree dip angle, intersected more than 46.3 m of four mineralized quartz veining (hole interception, not true width) and intense potassic alteration zones at 26.5 m to 39.6 m, 68 m to 72.6 m, and 146 m to 163.5 m, including 5-10 cm thick massive galena-sphalerite and tetrahedrite vein and 176.0 m to 184.2 m. Similarly, Adit #1 quartz veining zone from 26.5 m to 39.6 m and Adit #2 quartz veining zone from 146.0 m to 163.5 m including 5-10 cm massive galena-sphalerite and tetrahedrite vein as seen in NET21-01 hole were intercepted at hole NET21-02.
About Jaxon Mining Inc.
Jaxon Mining is a Canadian-based exploration and development company pursuing the discoveries of commercial scale and grade Cu, Au, Ag, polymetallic projects. Jaxon focuses on overlooked and underexplored targets with deeper intervals that have not been identified or adequately explored; in areas that often have not been systematically mapped, modeled or drilled. Jaxon is currently focused on the Skeena Arch, an exceptionally orogenic and metallogenic area, in one of the most richly endowed terrains in British Columbia. The Company is drilling the Netalzul Mountain project and preparing a drilling program to test the Red Springs project on its 100% controlled Hazelton property.
Contact:
Kaye Wynn Consulting
Tel: 604-558-2630
Email: info@kayewynn.com
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.
JAXON MINING INC. 
