Drilling Supports Potential FOR Massive Sulphide Body ON PJX Resources’ Vine Property
(TSX VENTURE: PJX.V)
DRILLING SUPPORTS POTENTIAL FOR MASSIVE SULPHIDE BODY ON PJX RESOURCES’
VINE PROPERTY
Toronto, Ontario – March 1 , 2019 – PJX Resources Inc. ( “PJX”) is please d to announce that
preliminary drilling to test a shallow Magnetotelluric ( “MT”) target has intersected massive
sulphide mineralization consisting of pyrrhotite/pyrite (iron sulphides) with minor sphalerite (zinc
sulphide), galena (lead sulphide) , and chalcopyrite (copper sulphide) . The massive sulphide
mineralization is conductive and occurs as a 0.8 m thick vein in sedi ments near the top of the
shallow M T tar get. As previously ann ounced, MT geophysics have identified both shallow and
much larger deeper conductive target s on PJX’s Vine Property located near Cranbroo k, B ritish
Columbia, Canada.
“The massive sulphide vein is 0.8 metres thick and is faulted along the footwall (bottom side) of the
vein.” states Dave Pighin . “ The current hole entered a thick gabbro rock unit following the fault
which suggests that the sulphide vein has been faulted away with the possibility that there is more
of the vein or additional veins that the hole missed in the gabbro unit a t the center of the MT
anomaly. Additional drilling is recommended once all the data has been compiled and assessed.”
“This is an important finding as a proof of concept that MT is working and identifying massive
sulphide.”, states the President and CEO of PJX, John Keating. “PJX’s primary target is a potential
massive sulphide body possibly similar to a Brok en H ill type deposit. Intersecting massive iron
sulphide with minor zinc, lead and copper sulphide mineralization as a vein provides greater
confidence that MT is identifying sulphides rather than other sources of conductivity, such as
graphite. The deep er MT target is much larger, with a coincident magnetic signature and possible
gravity response as compared to the shallow target. This larger, more conductive MT anomaly m ay
be similar in style of mineralization to the Broken Hill deposit as it appears to be associated with the
favourable folded phyllite and breccia rock unit s that host zinc mineralization above a regional
fault. This will be the next target area to drill.” ( see MT wit h Geolog ical cross sections at
http://pjxresources.com/PJX_Vine-X_Sections.pdf).
Background
- Three-Dimensional (“3D”) Modeling of MT and Magnetic data has identified a shallow MT
target and a larger more conductive MT target with coincident magnetic signature at
depth on the Vine Property.
- The l arge conductive MT anom aly can be traced for 800 metres (m) horizontally along
strike, starts at about 600 m deep and can be traced down dip to the west to a depth of at
least 2 kilometres (km).
- Two-Dimensional Modelling of gravity data suggests the potential for large dense bodies
of massive sulphide at depths coincident with the large MT and magnetic anomalies.
- Anomalous zinc and lead mine ralization have been intersected in holes drilled up dip and
on strike with the anomalies.
- The large MT anomaly is interpreted as rep resenting a folded massive sulphide body, or
multiple bodies, along the regional Moyie fault and suggests a mineralization style similar
to the Broken Hill type massive sulphide deposit in Australia.
- Drilling will test the deep , larger and more conductive target followed, if ne cessary, by
downhole geophysics to assist additional drilling.
The road -accessible Vine Property is located approximately 140 km east o f Teck’s Metallurgical
Complex and about 35 kil ometres south of the Sullivan Mine, which operated for over 90 years
before being closed in 2001. T he 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 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 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 community
opportunity through the explorati on and devel opment of mine ral resources with a focus on gold
and base metals. PJX’s propertie s are located in t he historical min ing area of Cranbrook and
Kimberley, Britis h 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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Exchange) accepts responsibility for the adequacy or accuracy of this release.
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