Permits Received to Drill the Dd Property
(TSX VENTURE: PJX.V)
PERMITS RECEIVED TO DRILL THE DD PROPERTY
Toronto, Ontario – August 20, 2018 – PJX Resources Inc. (“PJX”) is pleased to announce that Teck
Resources Limited (Teck) has received the necessary permits to drill PJX’ s DD Property. Dr illing is
planned to commence later this mont h, subject to potential backcountry restrictions in light of
current forest fire hazards in British Columbia, and be carried out into the Fall.
“Historical drilling adjacent to the DD Property defined geological and geochemical vectors for a
potential Sullivan-type system, which increase toward the DD Property,” states Dave Pighin, PGeo
for PJX Resources. “The Sullivan deposit occurs at a geological time called the Sullivan Horizon.
The thickness, alteration and anomalous zinc -lead concentrations of the Sullivan Horizon
progressively increase s in intensity the closer holes are drilled to the DD Property. A similar
increase in thickness, alteration and anomalous zinc -lead concentrations in the Sullivan Horizon
occurs in proximity to the Sullivan Deposit.”
“The Magnetotelluric (MT) geophysical survey carried out by Quantec Geoscience on the DD
Property has defined an MT anomaly that appears to coincide with the anticipated depth of the
favourable Sullivan Horizon,” states the President and CEO of PJX, John Keating . “ The Sullivan
deposit contained iron sulphides that could be detected by a n MT survey and cause an MT
anomaly. The MT anomaly on the DD Property occurs on two widely spaced lines , 700 metres
apart, and is open to the north and south. The DD Property MT anomaly is at a depth and a size
that supports the potential for a Sullivan Type target.”
PJX has granted Teck an option to earn up to a 75% interest in the DD Property (see March 5, 2018
press release for more details.).
The road-accessible DD Property is located approximately 120 km east of Teck’s Metallurgical
Complex in Trail, BC and about 45 kilometres south of the Sullivan Mine, which operated for over
90 years before being closed in 2001.
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.
The Company's board of directors has authorized granting stock purchase options to certain
directors, employees and consultants to acquire an aggregate of 1,925,000 common shares at an
exercise price of $0.2 5, expiring August 19, 2023 . The foregoing is subject to regulatory
acceptance.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and commun ity
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 results, the success of exploration
activities, mine development prospects, completion of economic assessments, and future gold production. In some cases, you can
identify forward-looking statements by terminology such as "may", “appears to”, "should", "expects", "plans", "anticipates", believes",
"estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These sta tements
are only predictions 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 results, 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 materially 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 those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.