VANCOUVER, BC / ACCESSWIRE / February 1, 2017 / In anticipation of a scheduled summer 2017 drill program, Jaxon Minerals Inc. (JAX.V) (0U3.F) ("Jaxon" or the "Company") continues to review recent and historic data on the Price Creek volcanogenic massive sulphide (VMS) property. Highly anomalous precious and base metal values were recorded from surface samples over a widespread area within the Max target, one of several prospective targets on the property, with mineralization exposed over a vertical extent of 750 metres within a one square kilometre area.
Surface Rock Chip and Grab Samples
112 mineralized rock chip-grab samples were collected from the property. Of these:
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The highest recorded silver value was 3,398 g/t Ag. Sixteen samples recorded silver values in excess of 250 g/t Ag.
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The highest recorded lead value was 39.46% Pb. Ten samples recorded lead values in excess of 10% Pb.
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The highest recorded zinc value was 18% Zn. Six samples recorded zinc values in excess of 10% Zn.
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The highest recorded gold value was 12.7 g/t. Twenty samples recorded gold values in excess of 1 g/t.
The ten highest silver equivalent values are summarized in the table below.
| Sample # | Ag (g/t) | Pb (%) | Zn (%) | Au (g/t) | Ag Eq g/t* |
| 1050803 | 419 | 14.0 | 11.6 | 2.6 | 1,404.0 |
| 1050804 | 347 | 6.5 | 7.0 | 1.3 | 860.8 |
| 1050807 | 469 | 39.5 | 9.8 | 0.6 | 2,053.1 |
| 1050808 | 480 | 26.8 | 6.5 | 2.9 | 1,722.5 |
| 1050809 | 481 | 27.2 | 6.4 | 3.4 | 1,767.5 |
| 1050811 | 353 | 30.6 | 0.5 | 2.0 | 1,453.7 |
| 1050812 | 3398 | 15.1 | 11.9 | 2.3 | 4,403.2 |
| 1050814 | 233 | 7.5 | 10.1 | 1.2 | 869.5 |
| 1050815 | 286 | 16.2 | 12.1 | 0.4 | 1201.4 |
| 1050818 | 1231 | 5.8 | 9.6 | 0.4 | 1744.9 |
Channel Samples
Over 175 metres of cut channel samples were collected from 6 trenches. Each channel sample represents a 1 metre long interval and averaged 10 kilograms in weight. A total of 174 cut channel samples were taken and preliminary assaying indicates high quantities of Ag and Au, and multi-percent values of Pb and Zn. However, a significant number of samples assayed for silver, zinc and lead exceeded the maximum threshold for the assay method used (see table below). These over-limit samples may be re-assayed to determine their true metal content.
| Metal | # Over-limit | Max |
| Silver | 32/174 | > 100 g/t |
| Lead | 51/174 | > 1% |
| Zinc | 75/174 | > 1% |
| Manganese | 91/174 | > 1% |
"We're very excited to see these kinds of bonanza silver and base metals grades distributed over a large surface area and a vertical extent of 750 metres," said Jason Cubitt, Jaxon's president and CEO. "Price Creek is obviously mineral-rich at surface-but what's most interesting to us is that, although the property bears all the hallmarks of an Eskay Creek style precious and base metals rich VMS deposit, it's never been explored as such."