Jaxon Mining Inc. released the results of the 2021 soil and rock sampling program conducted at the Blunt Mountain project, one of seven porphyry-epithermal system targets Jaxon is advancing on its 100% controlled Hazelton Property 50 km north of Smithers, BC. A total of 14 rock samples and 99 soil samples were collected from the 2 km-long shear/contact zone in the northeast area of Blunt Mt. Seven of the chip/grab samples averaged 1079 g/t AgEq.

The epithermal silver polymetallic quartz vein/breccia mineralization zone is observed to be up to 2 km long and 1 m to 5 m wide. Jaxon will be exhibiting at Roundup from January 31st to February 3rd, at booth 506 on and then at booth 705 in the Project Generators' Hub on Wednesday and Thursday. Core from the 2021 drilling program at Netalzul Mountain and grab/chip samples from Blunt Mountain will be on display.

Jaxon's management and geologists will be available to answer questions. The Blunt Mountain property is located approximately 21 km east of New Hazelton, BC and 50 km north of Smithers, BC. The project is located on a north-western extension of the main Blunt Mountain peak.

Vehicle access is by a logging road from Highway 16 and terminates on the property about 2 km north of the sampling area. As outlined by Nicholson (2006) the Blunt Mountain area has had sporadic exploration since 1984 when a government funded geochemical survey indicated anomalous silver, lead, arsenic and antimony values in the area. The area was staked by Atna and Noranda who located mineralization in a tributary of Skilokis Creek and at Northwest Cirque.

In 1986 and 1987 an extensive program was completed including prospecting, surficial geochemistry, geological mapping, geophysics surveys, hand trenching and six diamond shallow drill holes. Six significant showings were located along a 4 km structural trend. The property covers a package of hornfelsed clastic rocks of the Bowser Group of Jurassic age, intruded by quartz monzonite to granodiorite pluton of Cretaceous age.

The pluton is referred to as the Bulkley intrusive which hosts copper-molybdenum porphyries or silver-gold-antimony-lead-zinc veins. Clastic sedimentary rocks of the Bowser Lake Group and Late Cretaceous quartz monzonite to diorite intrusive rocks underlie the claims. The sedimentary rock adjacent the intrusive contact has converted to hornfels. North-trending feldspar porphyry and quartz feldspar porphyry dykes transect the area.

The polymetallic mineral showings occur mostly in the contact area between hornfels and the intrusion along a northeasterly trending structure which transects both rock types. The Blunt Mountain property hosts numerous polymetallic, structurally controlled sulfide-quartz vein mineralization and similar parallel structures anomalous in Au, Ag, As, Pb, Zn and Sb mineralization. Thirteen showings have been identified by previous exploration.

They form a northeasterly trending corridor that is up to 4 km long and 1 km wide. Within the corridor, veins are occasionally exposed on surface, forming a continuous line or an en-echelon system. Veins dip steeply and several veins are exposed by trenching over tens of metres.

The metal mineralization is associated with concentrations of galena, sphalerite, pyrite, arsenopyrite and stibnite in quartz veins and associated silicification. The adjacent rocks are altered intrusive or hornfelsed sedimentary rock. The best chip sample previously reported 4.05 g/t Au over 1.2 m from the Ridge Vein and 5.62 g/t Au over 1.6 m from the Old Post Vein.

Six holes totaling 378 m were drilled to test showings, but due to technical issues, recoveries were low. One sludge sample from 87-03 at a depth of 20 m within a structured weathering zone returned 0.38 g/t Au and 84 g/t Ag over 1.25 m. In 2021, Jaxon's geologists examined the drill sites at Blunt Mountain and observed that the drill holes were drilled to the southeast (azimuth 60o to 110o-120o) from -45o to -54o. However, the mineralized zone strikes ~40o NE and dips SE ~40o to 60o.

It was observed that the historical holes were drilled parallel to the mineralization zone and into the footwall rock below the mineralization zone. Nearby mineral showings are either copper-molybdenum porphyries or Ag-Au-Pb-Zn veins related to various Late Cretaceous Bulkley or Tertiary Babine intrusives. A 4 km-long and 1 km-wide vein system represents the surface expression of a large intrusion driven epithermal system.

Numerous feldspar porphyry dikes are found on the property close to the epithermal vein mineralization. Feldspar porphyries are found in the nearby Red Springs project and may be related to each other. The 2021 surface program focused on collecting rock and soil samples along a northeast-trending quartz-sulfides vein.

The quartz-sulfide vein is observed along sheeted fracture and shear zones, which are adjacent to the contact zone between the Bulkley intrusions and sedimentary rock of Bowser Lake Group. Both rock and soil samples return good antimony, lead, zinc, copper, and silver anomalies. The high-grade polymetallic vein is associated with Bulkley intrusion and indicates a hidden porphyry system on the Blunt Mountain property.

Jaxon is planning a comprehensive study, including geological mapping, rock sampling, soil sampling, and re-logging of historical drill holes. The geological mapping and rock sampling will further define the known mineralization veins, identify new veins, and define areas for additional exploration. An IP survey and ground magnetics will also be conducted to locate the deeper porphyry system generating the near surface mineralization.