Jaxon Mining Inc. announced that the 2021 soil sampling program conducted at the Hazelton Property has been extended to include an additional 509 samples sent for assaying. The additional soil samples comprise 409 samples from Netalzul Mountain, 89 samples from Blunt Mountain and 11 samples from Kispiox Mountain. The 509 soil samples were tested in 2022 using an XRF analyzer and have now been sent to Bureau Veritas in Vancouver to be analyzed by aqua regia digest with ICP-MS finish for 53 elements including all major porphyry system associated elements.

The new assay results together with the results from the 1,000 soil samples previously assayed will be used to generate an updated 3D model targeting the porphyry system at Netalzul Mountain. This modeling will also shed light on the nature of the epithermal-porphyry antimony targets at both Blunt Mountain and Kispiox Mountain. The new geochemical data set along with the additional newly inverted and processed geophysical data sets will be sent to Fathom Geophysics.

Fathom will update its existing 3D comparative model comparing the Netalzul Mountain porphyry target to the other porphyries in Fathom's database. Fathom's original model of Netalzul Mountain was first generated in May 2021. Highlights from the 2022 XRF Analysis of 509 Soil Samples from the Hazelton Property: 409 soil samples collected from Netalzul Mountain were tested with a handheld XRF analyzer.

A large, strong Zn anomaly (up to 3681 ppm, 11.7% of soil samples >1000 ppm) was identified in the strongly faulted hornfels area to the northern boundary of the Netalzul granodiorite intrusion; This anomaly overlaps with the porphyry modeling Rocks 1 target previously defined by Fathom Geophysics in early 2021 (https://jaxonmining.com/news/2021/jaxon-commences-2021-field-season-and-receives-report-vectoring-in-on-multiple-porphyries-at-netalzul-mt-and-red-springs/) and coincides with a discrete demagnetized zone, comparable to the Blackwater deposit in the same geological setting 250 km southeast of the Netalzul Mountain project; 99 soil samples collected along the strike of the mineralization zone were tested with a handheld XRF analyzer. Elements Ag, Cu, Pb, Zn, Sb and As show the same pattern of strong chemistry in soil anomalies confirming the existence and continuation of this Ag-Sb rich polymetallic epithermal mineralization along strike, with Ag in soil up to 496 ppm and Sb in soil up to 15,745 ppm; 11 soil samples collected from between the KS zone 1 and KS zone 2 area and tested with a handheld XRF analyzer in the field, confirmed a high Sb in soil anomaly, with the highest Sb in soil up to 736 ppm.