PJX Resources’ New Porphyry Copper-GOLD-Silver Target ON the Dewdney Trail Property IN the Sullivan Mining District
TSX VENTURE: PJX.V
OTCQB: PJXRF
PJX RESOURCES’ NEW PORPHYRY COPPER-GOLD-SILVER TARGET
ON THE DEWDNEY TRAIL PROPERTY IN THE
SULLIVAN MINING DISTRICT
Toronto, Ontario – April 24, 2023 – PJX Resources Inc. (“PJX”) is pleased to announce that processing of airborne
magnetic data by Expert Geophysics has identified a large donut shaped magnetic anomaly that occurs in an area
with peripheral anomalies of copper, gold, silver, molybdenum, arsenic and other metallic elements in soil. Porphyry
copper-gold type deposits are known to have d onut shaped magnetic geophysical signature s. The target is part of
the road accessible Estella Basin area on PJX’s Dewdney Trail Property near Cranbrook, British Columbia.
• The new donut shaped target is approximately 8 00 metr es from gold, copper, silver mineralization PJX
discovered last year within a porphyritic alkalic/syenite intrusi on (see Figure 1) as announced in press
releases Nov. 15, 2022, and Feb. 17, 2023.
• Alkalic intrusions associated with gold and copper mineralization are known to have a magnetic high as well
as donut shaped magnetic geophysical signatures.
• Surface mapping and prospecting have identified multiple intrusions that appear to occur as a cluster.
• The tops of the intrusions occur beneath mountain peaks and are only visible where they have been exposed
by erosion on the side of the mountains.
• The new donut shaped magnetic target also occurs beneath a mountain peak, which suggests there could be
an intrusion below that peak that has not been exposed by erosion (see Photo A).
• Compilation of historical and PJX soil geochemical survey data has identified anomalies of gold, copper,
silver, molybdenum, arsenic, as well as other elements that appear to be related to the intrusion (discovered
in 2022) and the new donut shaped magnetic target. The coincident soil anomalies support the potential for
intrusive related gold-copper-silver and molybdenum type deposits (see Figures 2, 3, 4, 5, 6).
• Intrusions appear to be differentiated with potentially multiple episodes of mineralisation. Differentiated
and/or multi-episodic intrusions are known to enhance mineralisation and are considered to be important in
the formation of intrusive related deposits.
• PJX plans to first drill and test the alkalic intrusion wit h quartz veins and copper -gold-silver mineralization
discovered in 2022. This intrusion has a high magnetic geophysical signature.
John Keating, President of PJX commented: “The structural and geological environment of the Sullivan Mining District
has many similarities to the Butte Mining District located to the south in Montana (see Figure 7). Butte is a large
producer of intrusion related copper, silver, and molybdenum. We believe that the 116 km² Dewdney Trail Property
has potential to host intrusion related copper-gold-silver and possibly molybdenum deposits. One reason that these
deposit types were not discovered in the past may be because the intrusions with mineralisation are only visible at
surface in the Estella Basin where erosion has exposed just the top of the intrusions on the side of the mountains.”
Figure 1 – Airborne magnetic map. Estella Basin’s First target to test is the syenite/alkalic intrusion with quartz veins and gold,
copper and silver mineralisation discovered last year. Intrusion appears as a magnetic high (red colour). Additional targets are
the Donut shaped magnetic anomaly and a syenite/alkalic porphyry with limited access at the base of a cliff. Porphyry copper-
gold deposits are known to have a magnetic high and/or a donut shaped magnetic signature.
Photo A – Estella Basin Target Area. Drill ready targets to test. Cluster of syenite/alkalic intrusions with gold, copper, silver and
molybdenum mineralisation potential. Erosion has only exposed the top of the intrusions on mountain sides below the peaks.
Porphyry copper-gold deposits are known to have donut shaped magnetic signatures. A large donut shaped magnetic anomaly
occurs with the peak in the distance. This anomaly and soil geochem anomalies (Figures 2-6) suggest potential for porphyry
copper-gold type mineralisation at depth beneath the mountain (that has not been exposed by erosion).
Figure 2 – Gold in soil geochem on geology map. Gold in soil anomalies occur with and/or proximal to the First targ et to test
(syenite/alkalic intrusion with gold, copper, silver) and the location of the Donut shaped magnetic anomaly (porphyry copper -
gold deposits are known to have a donut shaped magnetic signature).
Figure 3 – Copper in soil geochem on geology map. Figure 4 – Molybdenum in soil geochem on geology map.
Figure 5 – Silver in soil geochem on geology map. Figure 6 – Arsenic in soil geochem on geology map.
Figure 7 – Belt-Purcell basin geology map. Intrusion related copper-gold-silver mineralization at the Estella Basin in the Sullivan
Mining District occurs in a similar regional structural and geological environment to intrusion related copper-molybdenum-silver
deposits in the Butte Mining District.
Qualified Persons
The foregoing geological disclosure has been revi ewed and approved by John Keating P.Geo. (qualified persons for
the purpose of National Instrument 43 -101 Standards of Disclosure for Mineral Projects). Mr. Keating is t he
President, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX is a mineral 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 (z inc, lead, copper,
nickel). PJX’s primary pr operties are located in the 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
Cautionary Note Regarding Forward-Looking Information
The information in this news release has been prepared as at the date noted above. Certain statements in this news release, referred to
herein as "forward -looking statements", constitute "forward -looking statements" under the provisions of Canadian provincial securities
laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.
Forward-looking statements are necessarily based upon a number of f actors and assumptions that, while consi dered reasonable by PJX
Resources Inc. as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Many factors, known and unknown, co uld cause actual results to be materiall y different from those expressed or implied by
such forward-looking statements. Readers are cautioned not to place undue reliance on these forward -looking statements, which speak
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release publicly any updates or revisions to any such statements to reflect any change in PJX Resources Inc.’s expectations o r any change in
events, conditions or circumstances on which any such s tatement is based.
Cautionary Note to US In vestors:
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advise U.S. investors that the SEC's mining guidelines strictly prohib it information of this type in documents fil ed with the SEC. U.S. investors
are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This new s release may
contain forward-looking statements includ ing but not limited to comments regarding th e timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward -looking statement s address future
events and conditions a nd therefore involve inherent risks and unce rtainties. Actual results may differ materially from those currently
anticipated in such statements.
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It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian
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