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AXQ Axe Exploration (delisted)

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Share Name Share Symbol Market Type
Axe Exploration (delisted) TSXV:AXQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Axe Exploration Announces its First Exploration Results on the GoldPeak Property

05/08/2014 3:00pm

Marketwired Canada


Axe Exploration Inc. (TSX VENTURE:AXQ) (the "Corporation") announces that it has
received the first assay results from the exploration work carried out on its
100%-owned GoldPeak Property. 


Highlights and Results: 

During the last few months, prospecting was carried out on the linecutting in
order to identify potentially outcrop zones from the anomalies localized and
defined by the GPS magnetometer survey and OreVision survey (Dipole-Dipole)
completed on the GoldPeak Property in 2013. One anomalous zone is subcropping
and was manually stripped and sampled.


Several samples collected by hand with hammer and chisel were sent to the ALS
Minerals laboratory in Val-d'Or (Quebec) for gold analysis by Atomic Absorption
(30 g) and to Aqua Regia ICP-AES for the analysis of 35 other elements. Two (2)
samples turned out to be anomalous in Ag, Cu and Zn (Table below). These samples
consist of a strongly sheared and oxidized zone with 5 to 10% sulphides (pyrite
and chalcopyrite).




----------------------------------------------------------------------------
Sample #          Au (ppm)  Ag (ppm)  Cu (ppm)  Zn (ppm)    Fe (%)     S (%)
----------------------------------------------------------------------------
P225812               0.01       0.5       405      2470      5.74      3.52
----------------------------------------------------------------------------
P225813              0.006       0.3       232      1550      4.24      2.33
----------------------------------------------------------------------------



Further work, such as mechanical stripping and/or diamond core drilling will be
evaluated and planned in this area in order to obtain, if possible, a better
understanding of the structure and mineralizing environment.


QUALIFIED PERSON

Mr. Daniel Gaudreault, Ing., Geo. (OIQ), of Geologica Groupe-Conseil, is the
Qualified Person as defined by National Instrument 43-101, to supervise the
preparation of this press release.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Mc Donald,
President and CEO,
450.622.5785
info@axeexploration.com
www.axeexploration.com


Investor Relations
Patrick Wood,
(416) 473-9133
pat.wood@tormontgroup.com
www.tormontgroup.com

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