VANCOUVER, Nov. 28, 2012 /CNW/ - Jaxon Minerals Inc. (the "Company") is
pleased to announce that its consulting geophysicist Mr. Bob Lo, M.Sc.,
MBA, P.Eng., has modelled drill targets using Jaxon's VTEM and magnetic
airborne data for the Snow Lake Project. He has proposed an additional
two loop (800m x 600m) ground geophysical survey and GPS grid
consisting of 7 lines. Three initial priority lines over the VTEM
targets will be completed and modelled to more closely define Jaxon's
drill holes and the conductive target intercept points.
Koop Geotechnical Services Inc has been contracted to utilize innovative
survey design with ground Time Domain Electromagnetic (TDEM) deep
penetrating systems that detects volcanic hosted massive sulphides at
depths normally not reached by other ground geophysical methods. Mr.
David Koop, President, has 21 years exploration experience; notably
over the last 12 years he has worked with numerous junior exploration
companies and HudBay Minerals in the Flin Flon-Snow Lake VMS district.
These deep penetrating ground geophysical methodologies helped with the
discovery of HudBay Minerals Lalor Lake Mine for which HudBay received
the PDAC's Prospector of the Year Award.
Jaxon and Koop are using the same ground surveying TDEM system and
design that has been a part of many recent discoveries in the north.
The Time Domain surface deep penetrating survey will be followed up by
drilling and then a Borehole TDEM survey will be completed. Borehole
surveys take 3D readings of the earth and can detect conductive
sulphide lenses within a 3600 radius and up to 150 meters beyond the hole.
Koop is now also working with the new Flin Flon Mining Academy of the
North through the University College of the North. This program helps
train Native and northern people to perform these types of geophysical
ground surveys and the creation of GPS grids. David Koop stated "We are
very thankful that Jaxon Minerals will partner with us on this
initiative as the Jaxon contract provides an opportunity for in field
training to provide future skilled workers to help explore the north."
Paul Zdebiak, President of the Company stated "Jaxon is fortunate to be
able to work with David Koop and the Mining Academy. The crews are on
site and we expect to begin drilling the first week of December."
ON BEHALF OF THE BOARD OF DIRECTORS
JAXON MINERALS INC.
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 Regulation 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.
For further information:
regarding Jaxon Minerals Inc., please contact Leif Smither or Fulvio Scrigner at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.Jaxonminerals.com.