Jaxon Mining Inc. announced it has received the assay results from diamond drill holes BB18-04 and BB18-05, drilled from the same platform as BB18-03 but at different angles, azimuths and depths. Five of ten planned drill holes were completed before weather conditions halted the program. All holes targeted the Backbone gold-cobalt tourmaline breccia mineralization zones along strike at Red Springs, located 9 km from Highway 16, on the Company's 44,000 ha Hazelton property in the Skeena Arch area of North West British Columbia. Assay results from BB18-03 to BB18-05 at the Backbone tourmaline breccia zone confirm: approximately a 40 m long and 2 to 3 m thick high-grade band strike extension at a gold equivalent grade from 2.40 g/t to 5.0 g/t within a 21 to 26 m wide mineralization zone, approximately a 100 m long and 1 to 2 m thick high-grade band dip extension at a gold equivalent grade from 2.14 g/t at BB18-04 to 15.28 g/t at surface trench Tr-D within approximately 20 m wide mineralization. Gold-cobalt mineralization intercepts from BB18-05 are highlighted below: 21 m gold-cobalt tourmaline breccia mineralization of 0.58 g/t AuEq from down hole 66 m to 87 m, consisting of 0.41 g/t Au, 0.04% Cu and 0.01% Co including: 2 m from down hole 66 m to 68 m at 3.64 g/t AuEq containing 2.62 g/t Au, 0.28% Cu, 0.04% Co and 0.03% Bi including: 1 m 4.88 g/t AuEq containing 3.17 g/t Au, 0.55% Cu, 0.05% Co and 0.04% Bi, 7 m at 0.57 g/t AuEq containing 0.43 g/t Au, 0.01 % Co and 0.02% Cu from down hole 80 m to 87 m, including: 1 m from down hole 80 to 81 m at 0.80 g/t AuEq containing 0.41 g/t Au and 0.14% Cu, 2 m from 85 to 87 m at 0.78 g/t AuEq containing 0.49 g/t Au and 0.02% Co. Gold-cobalt mineralization intercepts from BB18-04 are highlighted below: 20 m gold-cobalt tourmaline breccia mineralization of 0.53 g/t AuEq from down hole 64 m to 84 m, consisting of 0.44 g/t Au and 0.01% Co including: 1 m at 2.14 g/t AuEq containing 1.73 g/t Au, 0.02% Co, 0.05% Cu from down hole 64 m to 65 m, 1 m at 3.94 g/t AuEq containing 3.59 g/t Au, 0.02% Co and 0.02% Bi from down hole 71 m to 72 m, 5 m at 0.75 g/t AuEq containing 0.62 g/t Au and 0.01% Co from down hole 82 m to 87 m, 5.2 m gold-cobalt-bismuth tourmaline breccia mineralization of 0.32 g/t AuEq from down hole 111.8 m to 117 m, consisting of 0.20 g/t Au and 0.02% Bi including: 2 m at 0.45 g/t AuEq containing 0.27 g/t Au, 0.01% Co and 0.02% Bi.