PJX Resources Identifies Sullivan Deposit Type Target at Lewis Ridge IN the Sullivan Mining District
TSX VENTURE: PJX.V
OTCQB: PJXRF
PJX RESOURCES IDENTIFIES SULLIVAN DEPOSIT TYPE TARGET AT
LEWIS RIDGE IN THE SULLIVAN MINING DISTRICT
Toronto, Ontario – July 21, 2022 – PJX Resources Inc. (“PJX”) is pleased to announce that 3-dimensional
modelling of airborne geophysical survey data has identified a strongly conductive MobileMT (MT) anomaly
with a coincident magnetic (mag) s ignature that could be related to massive sulphide mineralization. The
anomalies occur in a geological environment with potential to host a Sullivan type massive sulphide deposit
at the Lewis Ridge target on PJX’s Dewdney Trail Property near Cranbrook, British Columbia.
Highlights
• Sullivan massive sulphide deposit contains iron sulphides with zinc, lead, silver and other metals
that can be conductive and/or magnetic.
• Modelling of ai rborne survey data by Expert Ge ophysics has defined a highly conductive MT
anomaly at depth beneath Lewis Ridge and adjacent to the Jackleg fault.
• The Jackleg fault is considered to be the eastern extension of the Kimberley fault at the Sullivan
deposit. Both faults were active during the Sullivan time (see Figure 1).
• The strongly conductive Lewis Ridge t arget can be traced for o ver 2.5km away from the Jackleg
fault (Figure 2- section along conductive anomaly).
• For comparison, Sullivan deposit extends away from the Kimberley fault for 1 to 1.5km.
• Conductive core of the Lewis Ridge target occurs at depths ranging from 400 to 800 m, depending
on topography (see Figure 3 - sections across conductive core of anomaly).
• Conductive core appears coincident with a magnetic anomaly (see Figure 4).
• Anomalous gold, copper, zi nc, lead, silver, arse nic, bismuth and/or molybdenum mineralization
occur in soils with quartz veining along a 3 km trend on top o f Lewis Rid ge (see Figures 5 to 8
below).
• Lewis Ridge soil anomalies occur along a major anticline fold axis and may be related to remobilized
mineralization from a deposit at depth due to folding and faulting.
• Mapping suggests the conductive and magnetic anomalies may occur at or below the Lower-Middle
Aldridge Contact (LMC) which is the geological equivalent time for the Sullivan Deposit.
John Keating, President of PJX comment ed: “Geological, geophysical and geochemical data support the
potential to dis cover a S ullivan type d eposit at depth in the Lewis Ridge target area. The Sullivan Mine
produced ore co ntaining some 17 million tonnes of zinc and lead metal, and more than 285 million oz. of
silver over a 90-year mine life. Our first phase of drilling to test the promising Lewis Ridge target is planned
to commence this summer.
We see this as just the b eginning. The airborne survey is pro viding insight in to geology and mineral
potential near surface and at depth that has never been seen be fore for the Lewis R idge target as well as
other targets such as our Tackle Creek gold target area and the historical Estella Mine, which has not been
worked or explored since the 1960s. Our on -going exploration this year is expected to define highly
prospective gold and base metal targets to test in addition to the Lewis Ridge target.“
Figure 1 – Lewis Ridge Target, Sullivan type target along Jackleg fault that may be eastern e xtension of
Kimberley fault at the Sullivan Deposit.
Figure 2 – Lewis Ridge Target - large conductive Mobile -MT anomaly extends for over 2.5 km from Jackleg
Fault, similar to how Sulli van depo sit extends from Kimberley fault. Jackleg fault is considered to be the
possible eastern extension of Kimberley fault at the Sullivan deposit.
Figure 3 – Lewis Ridge Target - cross sections of Mobile MT data al ong flig ht lines indicate that the very
conductive core of the anomaly may be as shallow as 400m below surface depending on topography.
Figure 4 – Lewis Ridge Target – conductive core of Mob ile MT anomaly appears coincident with a large
magnetic anomaly. Sullivan type massiv e sulphide mineralization can be conductive and /or magnetic.
Horizontal orientation of anomalies suggest that the target area may host folded Sullivan type massive
sulphide mineralization at or below Sullivan equivalent geological time.
Refer to our web site for additional Figures showing bismuth, molybdenum, arsenic and silver anomalies in
soils within the Lewis Ridge target area.
Qualified Persons
The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified
Figure 5 - Gold in soil samples
Figure 6 – Copper in soil samples
Figure 7 – Zinc in soil samples
Figure 8 – Lead in soil samples
persons for the purpose of National Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr.
Keating is the President, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX is a minera l exploration company focused on building shareholder value and community opportunity
through the exploration and development of mineral resources with a focus on gold, silver and base metals
(zinc, lead, copper, nickel). PJX’s primary properties are located in th e historical Sullivan Mine District and
Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.
Please refer to our web site http://www.pjxresources.com for additional information.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
Forward-Looking Information
This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events.
Forward-looking stateme nts include, but are not limited to, statements with respect to exploration res ults, the success of
exploration activities, mine development prospec ts, completion of economic assess ments, and fut ure gold production. In some
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actual results, level of activity, performance or achieve ments to be m aterially different from any future results, levels of activity,
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Although PJX has att empted to identify important factors that could cause actual actions, events or re sults to differ mate rially
from those described in forward-looking statements, there may be oth er factors that cause ac tions, events or results not to be as
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