Lake Winn Resources Announces Silver-Antimony Joint Venture

Executive Summary

• Lake Winn Resources Corp. entered into a binding Letter of Intent with Jaxon Mining Inc. to acquire a 51 % working interest in the Blount Mountain critical‑mineral property (silver, antimony, gold, lead, zinc, copper) for a $50 k upfront payment and a $1.5 M three‑year exploration commitment.
• Early grab rock samples along a 3 km strike returned notable grades, including up to 923 g/t Ag, 4 % Sb, 2.7 g/t Au, and 8 % Pb.
• The property comprises 12 claims covering 7,209 ha, located 5 km from Highway 16 and 45 km north of Smithers, BC, with immediate field‑crew deployment planned.

Key Details

• LOI Terms
• $50,000 payable within 10 days of signing.
• $1,500,000 committed to exploration/development over the next three years.

• Upon completion, Lake Winn will hold a 51 % interest (operator) and Jaxon 49 %; dilution below 10 % converts to a 2 % NSR.

• Property Overview

• Blount Mountain sits on 12 mineral claims (total 7,209 ha).

• Proximity: 5 km from Highway 16, near CN Prince Rupert rail line; serviced by commercial air at Smithers.

• Early Rock‑Grab Sample Results (selected high‑grade intercepts)

• Sample 72030 – Ag 923 g/t, Sb 40,430 ppm, Pb 83,900 ppm, Zn 20,900 ppm, Cu 3,587 ppm.
• Sample 72028 – Ag 335 g/t, Sb 39,140 ppm, Pb 93,500 ppm, Zn 42,100 ppm, Cu 1,720 ppm.

• Sample 72029 – Ag 778 g/t, Sb 49,860 ppm, Pb 110,700 ppm, Zn 5,091 ppm, Cu 1,032 ppm.

• Assay Methodology

• Samples assayed by MSA Laboratories (ISO/IEC 17025:2017 accredited).

• Aqua‑regia digestion with multi‑element ICP‑MS; fire assay for Au.

• Target Geology

• Intrusive‑related vein system over a 3 km strike, hosted in Late Cretaceous Bulkley suite pluton and Jurassic Bowser Formation hornfels.

• Operational Plans

• Immediate deployment of field crews to follow up on grab results.
• Systematic sampling (channel or drill core) planned to verify bulk mineralization.

Notable Quotes

• “The high‑grade antimony‑silver‑gold intercepts at Blount Mountain underscore the significant critical‑mineral potential of this project, and we are excited to partner with Jaxon to advance it.” – Patrick Power, CEO & Director, Lake Winn Resources Corp.