JAX-TSX.V
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.
"Paul
Zdebiak"
President
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.
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policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Jaxon Minerals Inc.