GOLD Properties Exploration Update
(TSX VENTURE: PJX.V)
GOLD PROPERTIES EXPLORATION UPDATE
Toronto, Ontario – April 12, 2017 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce
the results from CF Minerals Laboratory on the Zinger gold grains. As announced by the Compan y on
January 17, 2017, heavy mineral separation recovered 89 8 grains and 256 grains of gold from 2 soil
samples taken on the Zinger Property.
The gold grains were extracted from the soil samples by heavy mineral separation performed at CF
Mineral Labora tories in Kelowna, British Columbia. The approximately 4 kilogram (dry weight) soil
samples were taken 7 metres apart. Given the large population size of gold grains found in the soil s it
was decided that approximately every 10 th grain w ould be selected as a representative sample to
analyse by Scanning Electron Microscope (SEM). SEM analysis found all the grains to be fairly consistent
in chemical composition with gold as the major element followed by silver and trace quantities of
copper and iron. The normalized weighted average concentration of these elements for the 95 grains
analyzed from the 898 grain sample is 87.02 wt% gold, 12.60 wt% silver, 0.13wt% copper, and 0.25 wt%
iron. The normalized weighted average concentration of these elements for the 29 grains analyzed from
the 256 grain sample is 84.95 wt% gold, 14.79 wt% silver, 0.01 wt% copper, and 0.2 5 wt% iron. This
consistency in composition suggests a single bedrock source for the gold.
Geologist Dr. Charles (Chuck) Fipke, President of CF Min erals Research Ltd., states, “The angularity and
other morphological features of the gold grains suggest that they have not travelled far and that the
bedrock source of the gold is likely within 50 metres to 400 m etres of the sample locations. In addition,
the chemistry of the foreign residue material on the gold grains suggests that the gold may be
associated with potassic alter ed sediments and/or felsic intrusive rocks. Of equal interest is how the
Zinger Property results are very similar to our analysi s of gold grains on PJX’s Dewdney Trail Property. ”
(See PJX press release October 26, 2016)
CF Minerals estimates that gold grains on the Dewdney Trail Property have travelled about 400 to 600m
from their source rock and gold grains on the Zinger Property have travelled only 50 to 400m from their
source. “These 2 gold mineralized areas are located approximately 6 0 kilometres apart and this finding
along with the regional geological environment supports the potential for multiple gold deposits on PJX
Properties in the Cranbrook area”, states the President and CEO of PJX, John Keating.
The Cranbrook area is underlain by Proterozoic age turbidites, argillites, siltstone, quartzites and
carbonate rich rocks. The rocks have been folded and faulted along large regional structures that cross
both the Zinger and Dewdney Trail Properties. Cretaceous age felsic intrusives occur along these major
structures on both properties. “This type of structural and geological environment combined with the
gold mineralization discovered supports the potential for Orogenic style gold deposits on the Zinger and
Dewdney Trail Properties ”, states John Keating. Exploration for the bedrock source of gold on these
properties is planned to commence this summer.
Vine Property
The Company continues to explore with drilling on the Vine Property. The Vine Property has potential
to host a zinc -lead-silver massive sulphide deposit similar to the Sullivan Mine located 35 km to the
north. Drilling on the large east gravity anomaly has outlined a zone of anomalous zinc mineralization
that is at least 550 meters long and has a true thickness of 100.0 meters. (See PJX press release March 2,
2017). Exploration has identified multiple targets to test. Permits and funds are in place to cont inue
with drilling to test the targets.
PJX holds a 100% interest in its properties. They are all road accessible, located close to rail, power and a
local workforce in Cranbrook and Kimberley, British Columbia.
The foregoing geological disclosure has been reviewed by John Keating P.Geo. (a qualified person for the
purpose of National Instrument 43 -101 Standards of Disclosure for Mineral Projects). 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. PJX’s primary
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
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 results, the success
of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In
some cases, you can identify f orward-looking statements by terminology such as "may", "should", "expects", "plans",
"anticipates", believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other compara ble
terminology. These statements are only pr edictions and involve known and unknown risks, uncertainties and other factors that
may cause our actual results, level of activity, performance or achievements to be materially different from any future resul ts,
levels of activity, performance, or achievements expressed or implied by these forward-looking-statements.
Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materia lly
from those described in forward -looking statements, there may be other factors that cause actions, events or results not to be
as anticipated, estimated or intended. There can be no assurance that forward -looking statements will prove to be accurate, as
actual results and future events could differ materially from t hose anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements.
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.