Jaxon Expands Property at Price Creek
VANCOUVER, BC / ACCESSWIRE / November 23, 2016 / Jaxon Minerals Inc. (TSXV: JAX) (FSE: 0U3) ("Jaxon" or the "Company") is pleased to announce that it has signed a letter of intent (LOI) with Van Silver Holdings Ltd. to acquire 35 contiguous property claims on the western boundary of its newly acquired Price Creek precious metal-rich, polymetallic property in north-central British Columbia, Canada. The claims are being acquired following a comprehensive and on-going review of historic data on the Price Creek property and surrounding area.
"With the addition of this ground Jaxon will control more than 3,000 hectares representing the most prospective ground in this area." said Jason Cubitt, President of Jaxon. "This significantly expands our exploration potential, giving Jaxon access to multiple new high-grade gold and silver-bearing surface structures."
On completion of the property acquisition, the vendor will be owed 300,000 shares of Jaxon and a 1% net smelter royalty.
Price Creek is an advanced exploration (brownfield) opportunity that hosts widespread soil anomalies and surface showings up to 3,398 g/t Ag, 22.7 g/t Au and 22.29% Zn.
This news release has been reviewed by Glen Macdonald, P.Geo. (a qualified person for the purpose of National Instrument 43-101, Standards and Disclosure for Mineral Projects).
About Jaxon
Jaxon is a base and precious metals exploration company with a regional focus on western Canada. The company is currently advancing its optioned Price Creek Property in north-central British Columbia. The property has seen considerable historic exploration work and presents a VMS-style target with reported potential Eskay Creek / Equity Silver style mineralization.
ON BEHALF OF THE BOARD
Signed "Jason Cubitt"
Jason Cubitt, President and Director
For further information regarding Jaxon Minerals Inc., please contact Jason Cubitt at 604-608-0400, Toll free: 1-877-608-0007.
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. Neither TSX Venture exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Jaxon Minerals Inc.