Drilling Intersects Possible Feeder Zone to a Potential Massive Sulphide Body ON PJX Resources’ Vine Property
(TSX VENTURE: PJX.V)
DRILLING INTERSECTS POSSIBLE FEEDER ZONE TO A POTENTIAL MASSIVE SULPHIDE BODY
ON PJX RESOURCES’ VINE PROPERTY
Toronto, Ontario – September 19, 2018 – PJX Resources Inc. (“PJX” or “the Company) is pleased to
announce that drilling on the Vine Property’s East Gravity anomaly has defined an extensive target
horizon with potential to host a massive sulphide body containing zinc, lead and/or copper.
“Recent drilling has intersected massive iron sulphide (pyrite, pyrrhotite) veins within a thick and
extensive alteration zone that may be a feeder system to a potential massive sulphide body at the
East Gravity anomaly,” states Dave Pighin , PGeo for PJX Resources. “For comparison, there is a
thick extensive tourmaline alteration zone with massive iron sulphide veins as a feeder zone
beneath the Sullivan deposit. The East Gravity alteration zone is over 700 metres (m) long and
upto 180 m thick. This is similar in size and thickness to the Sullivan alteration zone but has a silica
and sericite rich composition instead of tourmaline. There is a 5 metre (m) thick chlorite rich zone
with abundant iron sulphides and localized disseminated sphalerite (zinc -iron sulphide) and
chalcopyrite (copper -iron sulphide) mineralization in phyllite above th e alteration zone. This
chlorite rich zone is a favourable target horizon with potential to host a massive sulphide body.”
“Three dimensional (3D) modelling of geophysics by Quantec Geoscience has identified a gravity
anomaly that is coincident with a two dimensional (2D) Magnetotelluric (MT) anomaly.” states the
President and CEO of PJX, John Keating. “The anomalies start at about 400m below surface and
extend to depth. Recent holes drilled to test the shallowest part of the geophysical target have
intersected disseminated zinc with lesser lead and copper mineralization in the chlorite rich target
zone. This mineralization is not sufficient to cause the gravity anomaly. Therefore, it appears that
we may have intersected peripheral aleration and mine ralization to a more dense massive
sulphide body that could cause a gravity anomaly. Additional geophysics and drilling are planned
to test this new target area down dip and on strike.”
The road -accessible Vine Property is located approximately 140 km e ast of Teck’s Metallurgical
Complex and about 35 kilometres south of the 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.
Vine Geology, Alteration and Mineralization
The 150 to 180 metre (m) thick East Gravity breccia zone with intense silica and sericite alteration
occurs along the Moyie Fault. The zone is at least 400 m wide and over 700m long and is locally
cut by massive iron sulphide veins.
The altered breccia zone is overlain by a 100 to 150m thick phyllite unit. Near the base of this unit
is a 5 m thick zone of strong chlorite alteration with abundant disseminated iron sulphide (pyrite,
pyrrhotite) and localized disseminated zinc (sphalerite) and copper (chalcopyrite) mineralization.
Sediments that overly the phyllite zone are generally st rongly silicified and chloritic. They locally
contain disseminated sphalerite or massive sphalerite in veins and veinlets.
Right-lateral thrust movement along the Moyie fault has separated, folded and moved part of the
phyllite unit for over one kilomete r along a secondary fault (Hogg fault) to the north of the north -
east striking Moyie fault breccia zone. The large East Gravity anomaly occurs within this faulted
block.
Other Properties
As previously announced (see release dated August 20 , 2018), Teck Resources Limited has
received the necessary permits to drill PJX’s DD Property. Drilling is planned to commence this
month and be carried out into the Fall. E xploration work on the Zinger, Eddy, and Dewdney Trail
Properties has continued through the su mmer and results will be announced when information is
available.
The foregoing geological disclosure has been reviewed 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 on the DD and Vine Properties.
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 area 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for 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, statements with respect to exploration result s, the success of exploration
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