PJX Options High Grade GOLD Occurrence
(TSX VENTURE: PJX.V)
PJX OPTIONS HIGH GRADE GOLD OCCURRENCE
Toronto, Ontario – January 22, 2018 – PJX Resources Ltd. (“PJX”) is pleased to announce it has acquired
an option to earn 100% interest in the Gold Shear Property that hosts the high grade D avid gold
occurrence. The property is road accessible and located 29 km southwest of Cranbrook, British
Columbia.
According to B.C. Ministry of Energy Mines and Petroleum Minfile data, gold was first discovered in 1990
when an exposure of gold -mineralized quartz veining within a shear zone was chip sampled across 40
centimetres and assayed up to 144 grams per tonne gold. The shear zone occurs within quartzites and
siltstones of the Middle Aldridge Formation and has been traced along strike for 1600 metr es and 150
metres downdip. The shear is also reported to contain anomalous gold values over this entire length.
PJX Resources’ Eddy Property is adjacent to and on strike with the shear zone on the Gold Shear
Property.
“Drilling outlined one continuous zone of gold mineralization over a strike length of 150 metres and to a
depth of more than 100 metres; thickness averages 2.35 metres. Inferred resources for this zone are
96,000 tonnes grading 13.08 grams per tonne gold (uncut) or 7.11 grams per tonne gold (cut). (Property
Development Report by Bapty Research Ltd., 1991).” (Quoted from the B.C Ministry of Energy Mines, and
Petroleum Resources’ Minfile Record Summary (082FSE108)).
Bapty Research Ltd.’s resource estimate reported above is a historical esti mate and was not prepared
using the resource categorizations set out in NI 43 -101. PJX management is not aware of any more
recent resource estimate for this property and is uncertain as to the relevance or reliability of the
historical estimate. PJX is no t treating the historical estimate as current mineral resources or reserves,
as a qualified person has not done sufficient work to classify the historical estimate.
“The Gold Shear Property has not been explored since it was last drilled in 1996 ”, states Mr. John
Keating, President and CEO of PJX Resources. “The untapped potential of the property is considered to
be significant given the strike length of the shear, the shallow depth of historical drilling , the good gold
grades and apparent continuity of the David occurrence. Our plan is to compile all available historical
data to help identify structural and other controls for gold m ineralization and then drill to expand the
gold zone or zones on strike and at depth.”
Vine Property Update
Drilling continues to explore for a Sullivan type ( zinc, lead, silver) massive sulphide deposit on the Vine
Property. Drilling to date supports the potential for a bedded massive sulphide deposit associated with
the Company’s large West Gravity anomaly, and a possible folded massive sulphide deposit associated
with the large East Gravity anomaly.
The latest drilling suggests that the East Gravity anomaly occurs within a fault bound ed block of
favourable geology with potential to host a massive zinc -lead sulphide deposit . It appears that the
faulted block has been thrusted and transported to the east along the regional Moyie Fault.
“We are very encouraged by this new understanding of the geology ”, states Mr. John Keating, President
and CEO of PJX Resources. “ The new information supports why sphalerite (zinc) mineralization
encountered in drill holes is often associated with folding in vicinity of the gravity anomaly. These new
findings have also identified over 3 kilometres of add itional geology with potential to host a massive
zinc-lead sulphide deposit. Further drilling is planned to test this folded horizon within and around the
East Gravity anomaly.”
The foregoing geological disclosure has been reviewed by John Keating P. Geo. (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 li mited 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 termi nology 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 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 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 actio ns, 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 statement s. 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.