Drilling Continues to Support Potential FOR Massive Sulphide Body ON PJX Resources’ Vine Property
(TSX VENTURE: PJX.V)
DRILLING CONTINUES TO SUPPORT POTENTIAL FOR MASSIVE SULPHIDE BODY
ON PJX RESOURCES’ VINE PROPERTY
Toronto, Ontario – April 2, 2019 – PJX Resources Inc. (“PJX”) is pleased to announce that the first
hole to test the large Magnetotelluric (MT) geophys ical target at depth has intersected localized
tourmaline alteration for the first time on the Vine Property. This style of alteration can be found in
proximity to the Sullivan deposit that is located approximately 35 km north o f the Vine Property
near Cranbrook, British Columbia, Canada.
Drilling to test the shallow target intersected a narrow massive sulphide vein that m anagement
believes could repr esent re-mobilized mineralization from a massive sulphide bo dy at depth.
Laboratory analysis of the massive sulphide part of the vein, excluding wall rock, grades 3.73% lead,
1.97% zinc, 23.37 g/t silver with anomalous gold (0.05 g/t) and copper (.08%).
Highlights
• Magnetotelluric (MT) geophysics has identified a shallow and larger deep conductive MT
targets that could be identifying multiple massive sulphide bodies.
• Drilling the shallow MT target intersected a narrow massive sulphide vein . The vein is
conductive and is considered to be proof of concept that MT is identifying massive sulphide
mineralization and not another source of conductivity, such as graphite.
• Massive sulphide vein has milled -rolled texture ( see photo http://pjxresources.com/vine-
massive-sulphide-core.pdf). Milled texture suggests tectonic remobi lization and
deformation, possibly similar to “Durchbewegung” texture of some sulphide sections found
at the Sullivan deposit. (Durchbewegung texture is typically cr eated by movement of
massive sulphides during deformation with milling and rotati onal movem ent of more
competent rocks or minerals incorporated into the sulphide.)
• Massive Sulphide Vein contains zin c, lead, silver with a nomalous gold and copper. Vein
could be remobilized sulphide from a deposit at depth.
• First hole to test lar ger MT target at depth has i ntersected geology with localized
tourmaline alteration for the first time . Tourmaline is an alteration found in and proximal
to the Sullivan Deposit.
• Large MT target has potential to host multiple massive sulphide bodies. Target has an 800
metre (m) strike length and can be traced down dip for over 2,000 metres.
• Down hole geophysics is planned to help identify the cond uctive source or sources of the
MT targets (possible massive sulphide) to direct the next phase of drilling.
“Tourmaline and tourmalinite occur locally within metamorphosed phyllite and un-metamorphosed
blocks of sediments in the folded atten uation zone above the regional Moyie fault”, states Dave
Pighin. “Tourmaline and tourmalinite can be found around and within th e Sullivan deposit. Seeing
this style of alteration support s that the drilling may be getting closer to a massive sulphide body.
The hole is at 1488 m dep th and still in phyllite. Down hole geophysics is plann ed to assess if the
hole should be deepened or if the source of the large MT target, which could represe nt massive
sulphide mineralization, is adjacent to the large blocks of unmetamorphosed rock within the folded
attenuation zone.”
“Having both tourmaline alteration at depth and zinc, lead, silver with anomalous gold and copper
mineralization in the massive sulphide vein is very encouraging ”, states John Keating . “If the
massive sulphide portion of the vein represents remobilized mineralization from a massive sulphide
deposit at depth then t his supports that the larger target at depth would not be just iron sulphide
but could also contain lead, zinc, silver, copper, a nd gold. In add ition, drilling from 2015 to 2017
intersected disseminated and bands of sphalerite (zinc) mineraliz ation locally in the
metamorphosed phyllite up-dip from the large MT target at depth.”
Results of down hole geophysics will be compiled with the new understanding of the geology to
prepare for the next phase of drilling that is planned to commence in May.
The road-accessible Vine Property is located approximately 140 km east o f the Trail Metallurgical
Complex and about 35 kilometres south of the historical Sullivan Mine, which operated for over 90
years before being closed in 2001. The property is at an elevation with terrain amenable to drill at
any time of the year. It is crossed by two power lines as well as a rail line and is only a 20-minute
drive south along Highway 3 from Cranbrook, British Columbia.
The foregoing geological disclosure has be en reviewed an d 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 th e consulting geolo gist for PJX on t he Vine
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 com munity
opportunity through the expl oration and devel opment of mineral resourc es with a focus on gold
and base metals. PJX’s propertie s ar e located in t he historical mining area of Cranbrook and
Kimberley, British Colum bia. 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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