LAVAL, CANADA -- (Marketwired) -- 02/25/15 -- Axe Exploration Inc. (TSX VENTURE: AXQ) (the "Corporation") is pleased to announce that the publication of the NI 43-101 Technical Report on Gold Peak Property is now available on Sedar (www.sedar.com) and on Axe website (www.axeexploration.com)
During Autumn 2014, prospection and channel sampling works were completed on manually stripped outcrops corresponding to Induced Polarization (IP) anomalies (Dipole-Dipole Orevision Method). The outcropping host rock units consist of the Lac Caste sedimentary Formation which locally contains graphitic zones. Several thin intrusions of dioritic to tonalitic composition cut the main sedimentary rock unit.
The graphitic horizons generally coincide with the strongest IP anomalies and are associated with 2-5% pyrite and traces to 1% chalcopyrite. Samples P225812 and P225813 respectively returned the following significant results: 0.25% Zn, 0.04% Cu and 0.50 g/t Ag as well as 0.16% Zn, 0.02% Cu and 0.30 g/t Ag.
The Gold Peak Property is underlain by major structural metallotects, is strategically well located with respect to several proximal precious and base metals occurences, past producers and local deposits or showings (Fayolle, McCormack, Dunn, Dean-Mcdermott, Mobrun, Kerwin etc.).
The Ni 43-101 Report summarizes all the past exploration efforts that were completed on the Gold Peak Property up to now as well as future work recommendations distributed over a two phases exploration work program.
M. Daniel Gaudreault, P. Eng., Geo, (OIQ) of Geologica Inc. is the qualified person in accordance with the National Instrument 43-101 rules and has verified the technical content of this press release.
The Annual Meeting of Axe Exploration Inc. will be held March 26th, 2015 at 11h00 a.m., in the Montmorency room of the Laurentian Bank, located at 1699, Le Corbusier Blvd., Laval, QC.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
David Mc Donald, President and CEO