Jaxon commences exploration and drilling at Nox Fort
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In the Bunker Hill area mineralization is found in quartz veins hosted in a granitic intrusion and in adjacent hornfelsed altered country rock. Several vein orientations occur but generally the meter-scale quartz veins exhibit low sulphide content and little alteration. The portal veins occur in metasediments near the western contact of the Bunker Hill granitic sill while the Bi Tel Knoll sheeted veins and veinlets are hosted in the Bunker Hill Sill and its contact. Highlights in TABLE ONE are taken from the Company's
Table One: Assay Highlights of Rock Sampling in 2008 in the Bunker Hill Mine area, Nox Fort Property ------------------------------------------------------------------------- Sample Sample Length Gold Bismuth Tellurium Silver Location Number type (m) (gm/tne) (ppm) (ppm) (gm/tne) ------------------------------------------------------------------------- Portal Level 1, S 869457 Chip 0.9 6.34 40 2.2 1.3 ------------------------------------------------------------------------- Portal Level 1, S 869458 Chip 1.0 3.27 229 15.8 26.0 ------------------------------------------------------------------------- 40m NW Portal 1 869483 Chip 0.7 17.06 1184 26 3.8 ------------------------------------------------------------------------- 40m NW Portal 1 869484 Chip 0.3 3.2 838 21 38.7 ------------------------------------------------------------------------- Quartz vein 55m N Portal 1 869476 Chip 1.0 2.80 209 6.7 26.0 ------------------------------------------------------------------------- Quartz vein 55m N Portal 1 869477 Chip 1.5 6.24 281 13.3 5.2 ------------------------------------------------------------------------- Level 3, 55m below Portal Level 1 918364 Grab Quartz- 18.96 1382 60.0 39.1 from sulphide dump vein ------------------------------------------------------------------------- BiTel Knoll, upslope 200m ENE Portal 1 869600 Channel 1.1 2.29 101 9.1 0.2 ------------------------------------------------------------------------- Ella vein upslope 175m ENE Portal 1 869706 Channel 1.3 2.28 201 14.2 1.1 ------------------------------------------------------------------------- * SEE JULY 17, 2009 NEWS RELEASE FOR ANALYTICAL PROCEDURE In the Leferve Skarn area adjacent to the western contact of the Bunker Hill Sill, gold rich skarns have been developed (See TABLE TWO) and will be drill tested. RIRGD's typically have associated skarns and at Leferve overprinting gold-bearing sulphide and quartz veinlets cross-cut the calcareous rocks hosting the gold mineralized skarn. Table Two: Highlights of Rock Sampling in 2008 at Lefevre Skarn Zone, Nox Fort Property ------------------------------------------------------------------------- Sample Sample Length Gold Bismuth Tellurium Silver Location Number type (m) (gm/tne) (ppm) (ppm) (gm/tne) ------------------------------------------------------------------------- Lefevre skarn-1 945424 Channel 0.8 1.27 105 1.6 0.5 ------------------------------------------------------------------------- Lefevre skarn-3 945516 Channel 1.8 1.42 116 3.3 11.6 ------------------------------------------------------------------------- Lefevre skarn-3 945523 Channel 1.4 3.95 256 8.4 0.9 ------------------------------------------------------------------------- Lefevre skarn-4 945530 Channel 1.1 3.30 355 10.0 0.8 ------------------------------------------------------------------------- Lefevre skarn-4 945544 Chip 0.5 14.02 1247 33.9 2.6 ------------------------------------------------------------------------- Lefevre skarn-5 945547 Channel 0.8 1.38 103 1.4 0.6 ------------------------------------------------------------------------- * SEE JULY 17, 2009 NEWS RELEASE FOR ANALYTICAL PROCEDURE
The 2009 surface exploration program which is targeting new anomalous gold areas identified in 2008 is now actively in progress and diamond drilling is scheduled to begin early October.
J.David Williams, P.Eng., a qualified person as defined by National Instrument 43-101, has supervised the preparation of the technical information in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS JAXON MINERALS INC. "Leif Smither" DIRECTOR --------------------------------------
About Jaxon Minerals Inc.:
Jaxon Minerals Inc. is focused primarily on its Nox Fort Property where it has an option to acquire 100% interest from Clarke Gold of
Since the property has never been diamond drilled, the Company in 2008 planned and implemented modern exploration methods and models to evaluate the spectrum of mineralization potentially present. This systematic approach has successfully indentified drill ready gold RIRGD targets and suggested further discovery potential in under-explored, poorly exposed areas of the Nox Fort Property. Further detailed exploration has commenced and diamond drilling is scheduled for
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, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in the 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 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 to the date of the 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.
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%SEDAR: 00024980E
For further information: regarding Jaxon Minerals Inc., please contact Michael Dake/Leif Smither at (604) 608-0400, Toll Free: 1-877-608-0007
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