PJX Resources – Sullivan Mining District Possible Second GOLD Bearing Intrusion Identified BY Geophysics ON Zinger Property & GOLD Shear Property Update.
TSX VENTURE: PJX.V
OTCQB: PJXRF
PJX RESOURCES – SULLIVAN MINING DISTRICT
POSSIBLE SECOND GOLD BEARING INTRUSION IDENTIFIED BY GEOPHYSICS
ON ZINGER PROPERTY
&
GOLD SHEAR PROPERTY UPDATE.
Toronto, Ontario – March 7, 2022 – PJX Resources Inc. ’s (“PJX”) is pleased to announce that Airborne
geophysics has expanded the potential of intrusive related gold mineralization on the Zinger Property.
The GAR intrusion with grab samples of quartz veins ranging from anomalous to 28.84 g/t go ld may be
on the edge of a much lar ger intrusi ve buried under overburden according to airborne magnetic
geophysics. Together, the large targets represent over 3 km of potential gold bearing intrusions on PJX’s
Zinger Property in the Vulcan Gold Belt of th e Sulli van Mining Distri ct near Cra nbrook, southeastern
British Columbia, Canada.
Highlights
• As announced in August 202 1, the GAR granitic intrusion has multiple phases of quartz veining
with grab samples of quartz veins ranging from anomalous to 28,841 ppb (28.84 g/t) gold, and a
1.6 km long untested gold in soil anomaly (Figures 1 & 2 below).
• Gold occurs as visible gold or with minor sulphide in multiple phases of veining, including
sheeted veins (Photos A, B & C below).
• Bismuth and mol ybdenum soil anoma lies also occur in t he Gar intr usive and host
metasediments.
• Three dimensional (3D) inversion of airborne magnetic data by Expert Geophysics has defined a
magnetic low core to the GAR intrusive rimmed by more magnetic material (Figure 3 below).
• A larger magnetic low rimmed by more magnetic material has been identified adjacent to the
large GAR intrusive target and may represent a second larger gold mineralized intrusion.
• The second larger magnetic target has an elong ated shape trending north to northeas t which is
similar in orientation to gold bearing sheeted veins in the GAR intrusive.
• The GAR intrusive area with magnetic low has limited rock exposure and is predominantly
covered with overburden.
• The possible sec ond gold bearing intrusive defined by the larger magnetic low is buried under
overburden and has not been explored with a soil survey.
• The large GAR Intrusive with magnetic low area and the larger second magnetic low target area
have not been drilled.
“The 1600 m long gold in soil anomaly crossing the Gar intrusive and adjacent sediments makes this a
large target to explore with potential to discover a deposit similar in type to the Fort Knox gold deposit
in Alaska” states Mr. John Keating, President and CEO of PJX Resources. “The deposit potential of th e
area is further enhanced by the possibility of a second adjacent gold bearing intrusive that may be larger
than the GAR target . Additional compilation and interpretation of the 3D Inversion MT-Mag airborne
survey data is on-going with more results to be announced.”
Fort Knox has produced 7.5 million ounces of gold since 1969. The Fort Knox granite host rock has a
surface exposure of approximately 1100 by 600 meters “m”). This is comparable to PJX’s Gar intrusive
target with an interpreted near surface area, from mapping, of approximately 1200 by 500 m.
Figure 1 – Gold in rock grab samples (1,000ppb = 1g/t)
Figure 2 – 1600m long gold in soil anomaly
Photo A - Sheeted vein in Gar Granitic Intrusive, 1365 ppb (1.36 g/t) gold
Photo B -Visible Gold in quartz vein in Gar
Intrusive (magnified photo)
Photo C-Visible Gold in Pyrite in quartz vein in
Gar Intrusive (magnified photo)
Figure 3 – Airborne Magnetic Survey identifies a possible gold bearing intrusion larger in size than the
GAR intru sion that h as gold mineralization in quartz veins . The GAR intrusive has limited rock
exposure and the larger magnetic low target has less rock exposure than the GAR.
PJX has consolidated the mineral rights to the largest land package in the Sullivan Mining District and has
identified over 20 gold and/or cop per, lead, zinc, silver, cobalt target areas to date. The Gar intrusive is
just one of these target areas, another is the high-grade David Gold Zone on PJX’s Gold Shear Pr operty.
Go to https://pjxresources.com/ for more information.
Gold Shear Property Drilling Update
The David Gold Zone on the Gold Shear Property occurs within a 4 to 5 m wide shear zone with a central
core of high-grade mineralization with the highest grade being 0.8 m of 196.69 g/t gold in historical hole
91-43 (See photo below). PJX drilled on strike and along the interpreted plunge of the David Gold Zone
in October-November, 2021. PJX has been informed by Bureau Veritas Laboratory that a cyber attack on
their company in No vember-December 2021 has resulted in a delay in lab results. The next date for
completion of analysis of all the core may be possibly 4 weeks or more away. Once received, PJX will be
in a pos ition to analyse the data a nd then communicate the r esults along with proposed plans for the
David Gold Zone and other targets on PJX’s Gold Shear and adjacent Eddy Properties.
David Gold Zone - High-grade gold mineralization in historical 1991 drill co re. Drill hole 91 -43
intersected 0.8m (67.20m-68.00m) of 196.69g/t gold, 17.9 g/t silver, 2.46% lead, 1.73% zinc, and 0.25%
copper.
Qualified Persons
The foregoing geological disclosure has been reviewed and approved by John K eating P.Geo. (qualified
persons for the purpose o f 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 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 (zinc, lead, copper) . PJX’s primary properties are located in the histori cal 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 statements include, but are not limited to, statements with respect to exploration results, the success
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