DLP Resources (Mg Capital) Completes Drilling of PAN-18-01-EX ON PJX Resources’ Dd Property
(TSX VENTURE: PJX.V)
DLP RESOURCES (MG CAPITAL) COMPLETES DRILLING OF PAN-18-01-EX on
PJX RESOURCES’ DD PROPERTY
Toronto, Ontario – August 6, 2020 – PJX Resources is pleased to announce that DLP Resources Inc., the
wholly owned subsidiary of MG Capital Corporation, has completed drilling the extension of the original
PAN-18-01 hole on the DD property, which was recently optioned from PJX Resources Inc..
PAN-18-01-EX commenced at a depth of 1425 .00m in a gabbro sill above the base of the M iddle
Aldridge Formation and ended at 1711 .00m in the Lower Aldridge Formation. The Sullivan Horizon was
intersected at the base of a faulted contact with the gab bro sill at 1529.00 m and consisted of
moderately to intensely altered siltstone /argillite. The alteration consisted of sericite, garnets,
silicification, chlorite and minor albite to a depth of 1655.20m. Trace sphalerite was noted in a 24.80m
interval from 1562.40m to 1589.42m.
Ian Gendall, President of DLP commented: “Although no significant zinc mineralization was observed in
the moderately to intensely altered siltstones of the Sullivan Horizon there is a possibility that PAN -18-
01-EX is in a distal part of a mineralized system . Further interpretation of historic drill hole data
combined with doing a geophysical survey such as MT, electromagnetic geophysical method, will now be
reviewed for assisting in identifying additional exploration targets on the DD property”.
“Garnet and sericite alteration are more intense in the Sullivan Horizon in PAN -18-01-EX than in
historical holes drilled in the Panda Basin outside of the DD Property”, states John Keating, President &
CEO of PJX. “This is the first hole drilled to test the Sullivan Hori zon on the DD Property. The significant
increase in alteration to the poi nt of o bliterating all sedimen tary textures supports a strong venting
environment that is consistent with a Sullivan t ype mineralizing system. We are pleased that DLP plans
to use geophysics to help vector toward potential massive sulphide minera lization as part of t he next
phase of exploration on the DD Property.”
The foregoing geological disclosure and content of this news release has been reviewed and approved
by Dave Pighin, P.Geo. , and John Keating P.Geo. (qualified persons for the purpose of National
Instrument 43-101 Standards of Disclosure for Mineral Projects). Mr. Pighin is the consulting geologist
for PJX and DLP on the DD Property. 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 and base metals.
PJX’s properties are located in the historical mining are a of Cranbrook and Kimberley, British Columbia.
Please refer to our web site http://www.pjxresources.com for additional information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Linda Brennan, Chief Financial Officer
(416) 799-9205
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the adequacy or accuracy of this release.
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, s tatements with respec t to exploration r esults, the success of exploration activities, mine development prospects, completion of
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