(TSX VENTURE: PJX.V) PJX RESOURCE’S IDENTIFIES SHEETED VEINS WITH GOLD UP TO 28 G/T IN FORT KNOX TYPE TARGET IN SULLIVAN MINING DISTRICT Toronto, Ontario – August 18, 20 21 – PJX Resources Inc. (“PJX” or the “Company” ) is pleased to
(TSX VENTURE: PJX.V)
PJX RESOURCE’S IDENTIFIES SHEETED VEINS WITH GOLD UP TO 28 G/T IN
FORT KNOX TYPE TARGET IN SULLIVAN MINING DISTRICT
Toronto, Ontario – August 18, 20 21 – PJX Resources Inc. (“PJX” or the “Company” ) is pleased to
announce that grab sa mples of quartz veins in a granitic intrusion returned gold values ranging from
anomalous to 28,841 ppb (28.84 g/t) gold on PJX’s Zinger Property Gar Target located in the Vulcan Gold
Belt of the Sullivan Mining District near Cranbrook, southeastern British Columbia, Canada.
“The style of gold mineralization and the intrusion hosting the gold appear similar in type to the Fort
Knox gold deposit in Alaska ” states Mr. John Keating, President and CEO of PJX Resources. “Fort Knox
and the Gar intrusive target both have visible gold that occurs mainly as sheeted veins within Cretaceous
granite that intrudes Proterozoic sedimentary rocks. The sulphide content of veins is low in both the
Fort Knox and t he Gar intrusive, and gold mineralization is associated wi th elevated bismuth,
molybdenum and tungsten. Associated hydrothermal alteration is not significant in either camp.”
Fort Knox has produced 7.5 million ounces of gold since 1969. Host granite has a surface exposure of
approximately 1100 by 600 meters, c omparable to the PJX Gar intrusiv e target area of approximat ely
1200 by 500 meters.
A 1,600 m long gold soil anomaly occurs over the Gar Intrusive. The intrusive is largely covered by
overburden and has not been explored with geophysics or been drill tested. Airborne EM and magnetic
surveys along with follow -up mapping and prospecting are ongoing this summer to help define targets
to drill.
In Summary
• Sheeted quartz veins with gold (Photo A below) occur within and along the margins of a felsic
(granitic) intrusive, the Gar intrusive of Cretaceous age (Figure 1 below).
• PJX grab samples of veins returned gold values ranging from anomalous to 28.84 g/t gold.
• Gold occurs as visible gold or with minor sulphide (Photos B & C below).
• Possible multiple generations of veins with gold.
• Compilation of pre-PJX soil survey data ha s identified a 1,600 m long gold in soil anomaly, that
corresponds with showings of gold found in sheeted veins. (Figure 2 below)
• Bismuth and molybdenum soil anomalies also occur in the Gar intrusive and proximal sediments.
• Gold with magnetite occurs locally in sedimentary rocks proximal to the Gar Intrusive.
• The Gar intrusive is largely covered by overburden, has not been explored with geophysics, and
has never been drilled.
Figure 1
Figure 2
Photo A - Sheeted vein in Gar Granitic Intrusive, 1365 ppb (1.36 g/t) gold
Photo B -Visible Gold in quartz vein in Gar
Intrusive (magnified photo)
Photo C-Visible Gold in Pyrite in quartz vein in
Gar Intrusive (magnified photo)
The Gar Intrusive-related Gold Target occurs in the Vulcan Gold (VG) Belt of the Sullivan Mining District.
The VG Belt is located at the intersection of two crustal scale structures in Western North America.
These deep-penetrating structures are associat ed with gold mineralization and a variety of base metal
deposits along their trends. PJX Management believe that this intersection is the focal point of a large
mineralizing system. This system localized the deposition of the wo rld class Sullivan zinc -lead-silver
deposit and over 60 km of creeks with placer gold. The Gar target is one of a number of large intrusive
related targets with gold and /or copper mineralization potential that we are continuing to explore and
will release information on in the coming months.
Qualified Persons
The foregoing geological disclosure has been reviewed and approved by John Keating P.Geo. (qualified
persons for the purpose of National Instrument 43 -101 Standards of Disclosure for Mi neral 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 deve lopment of mineral resources with a focu s on gold , silver and base
metals (zinc, lead, copper) . PJX’s primary properties are located in the historical Sullivan Mine District
and Vulcan Gold Belt near Cranbrook and Kimberley, British Columbia.
Please refer to our web site http://www.pjxresources.com for additional information.
FOR ADDITIONAL 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
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