Extensive Zone with Massive Sulphide Potential Identified ON PJX Resources’ Vine Property
(TSX VENTURE: PJX.V)
EXTENSIVE ZONE WITH MASSIVE SULPHIDE POTENTIAL
IDENTIFIED ON PJX RESOURCES’ VINE PROPERTY
Toronto, Ontario – November 5, 2019 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to
announce that the 5.5 metre zone with massive su lphide mineralization intersected by recent
drilling appears to occur at the same horizon as a 3.4 metre massive sulphide zone grading 5.6%
lead, 2.7% zinc and 1.2 o unces/ton silver in an historical hole drilled 700 metres to the south. No
other holes have been drilled to test this horizon between these two holes or on strike and down
dip to the north and west. The Vine Property is lo cated 35 k ilometres south of the world class
Sullivan zinc-lead-silver deposit near Cranbrook, British Columbia, Canada.
“Both massive sulphide intersections occur below a rock unit called the Foo twall Quartzite,” states
Dave Pighin , (P.Geo), consulting geologist for PJX ’s Vine Property . “There are only a handful of
holes that have tested this horizon below the Footwall Quartzite on the Vine Property. The massive
sulphide horizon at the Sullivan deposit is laterally extensive. The massive sulphide horizon on the
Vine Property has the potential to be laterally extensive given the wide spacing of the holes drilled
to date and no holes have been drilled to test this horizon on strike or down dip.”
Highlights
• Recent PJX drill hole VA19-48 intersected a new massive sulphide (“NMS”) zone, from 777.1
– 782.6 metres. The zone has 4 layers that consist largely of iron-sulphides with anomalous
zinc, copper, lead, and silver. (see August 19, 2019 news release)
• Historical hole KV9 0-41, drilled by Kokan ee Explor ation in 1990, intersected a 3.4 metre
thick massive sulphide zone grading 5.65 lead, 2.7% zinc and 1.2 ounces/ton silver.
• The two holes are 700 metres apart and appear to have intersected the same mineralized
horizon. (see plan map and section https://pjxresources.com/plan_map_section_YV.pdf)
• No holes have been drilled to test this horizon between these holes or on strike and down
dip to the north and west.
• Magnetotelluric (“MT”) Geophysics has identified a large MT target.
• The NMS zone o ccurs at t he top of the large M T target. (see
https://pjxresources.com/NMS_Zone_MT.pdf)
• According to Quantec Geoscience data, the large MT target has an 800-metre strike length
and can be traced down dip for over 2,000 metres.
• Recent thin section analysis of core samples by Vancouver Petrographics Ltd. has identified
granofels alteration, beneath the NMS zone, that is considered to occur in areas with high
heat flow , suc h as vent ing environments on the o cean floo r; a similar alteration occurs
beneath the Sullivan Deposit.
“We now have evidence i n support of higher grades of zinc , lead and silver with the massive
sulphide horizon,” states John Keating. “Geophysics suggests that the massive sulphide horizon can
potentially cover a large area and that PJX’s recent drill hole appears to be on the edge of the zone.
Our plan is to use geophysics and drilling to explore for greater concentrations of zinc, lead, copper
and silver on strike and down dip.”
More information about the geophysics and massive sulphide potential of the Vine Property will be
announced when it is available.
DD Property Update
Teck Resources Limited (“Teck”) has informed PJX that they are terminating their option on the DD
Property, a massive sulphide sedex target located 30 km southwest of the Vine property
“We would like to thank Teck for advancing the DD Property and look forward to receiving their
data and results ,” states John Keating . “We are pleased that Teck has offered to transfer the
exploration permit to PJX. The multi-year area-based permit allows PJX to drill and explore without
having to acquire a new permit. The geophysics and drilling that has been done by Teck will be
invaluable for PJX to help determin e th e next exploration plan for the property. Regionally,
management believes that the DD Property has the next best potential, after the Vine Property, to
host a massive sulphide deposit . This potential is based , in part, on historical drilling results in th e
area around the property, and only 2 holes have been drilled on the property.”
The foregoing geological disclosure has been r eviewed 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 the Vine Property
and was responsible for managing historical drilling undertaken by Kokanee Exploration in the
1990’s. Mr. Keating is the President, Chief Executive Officer and a Director of PJX.
About PJX Resources Inc.
PJX is a mineral exploration company focus ed on building s hareholder value a nd community
opportunity through the exploration an d development of min eral resources with a focus on gold
and base metals. PJX’s properties a re located in the h istorical 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
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responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This News Release contains f orward-looking statements. F orward looking state ments are s tatements which relate to future events. Forward -looking
statements includ e, but ar e not limited to, statements with respect to exploration results, the suc cess of e xploration activities, mine deve lopment
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