Jaxon Mining Provides Blunt Mountain Silver-Antimony Update

Core Viewpoint - Jaxon Mining, Inc. has terminated its Binding Letter of Intent with Lake Winn Resources regarding a joint venture for the Blunt Mountain Silver-Antimony Property due to regulatory complications, while retaining full ownership of the property and exploring alternative transaction structures [1][8]. Group 1: Property and Exploration Details - The Blunt Mountain Silver-Antimony Project is located 45 kilometers north of Smithers, British Columbia, covering an area of 7,209 hectares [2]. - Significant rock sampling results from 2021 indicated high concentrations of silver and antimony, with samples showing over 700 g/t Ag and 4% Sb [1][2]. - The primary exploration target consists of intrusive-related poly-metallic veins of silver, antimony, gold, lead, zinc, and copper identified over a strike length of 3 kilometers [3]. Group 2: Mineralization and Sampling Methodology - Mineralization is hosted in a Late Cretaceous aged Bulkley suite pluton, partially extending into the surrounding hornfels of the Jurassic Bowser Formation [4]. - Rock samples from the 2021 exploration were processed at MSA Laboratory, Langley, BC, using a multi-element ICP EM MS method for 39 elements and fire assay for gold [4]. Group 3: Corporate Developments - Jaxon Mining has appointed Evan Delukas as Chief Financial Officer and a member of the Board of Directors following the passing of Laurence Stephenson [6]. - The company has engaged O'Neill Law LLP to apply for a partial revocation of its cease trade order, aiming to resume trading and complete outstanding filings [8].