Potential FOR Multiple GOLD Deposits Targeted at Depth Using Vtem Technology
(TSX VENTURE: PJX.V)
POTENTIAL FOR MULTIPLE GOLD DEPOSITS TARGETED AT DEPTH USING VTEM TECHNOLOGY
Toronto, Ontario – November 20, 2017 – Gold in rock grab samples associated with quartz veining can
be traced for over 6 kilometres on PJX Resources’ Zinge r Property . Gold values range from being
anomalous to over 30 g/t. Recent ly announced ground geophysics has identified slope dip structures
that appear to correlate with high gold values in soil, up to 4.9 g/t. We are pleased to announce that
airborne VTEM geophysics has defined what management believes is a large slope dip structure at depth
that expands the potential to have multiple gold deposits.
Early T ime VTEM conductivity data has identified areas in the rock that are more resistive (see blue
areas on attached Early Time map (http://pjxresources.com/vtem-early-time.jpg)). Resistive zones in
rock can be associated with areas of increased quartz veining. Gold mineralization on the Zinger
Property is associated with quartz veining. The Early time map shows the geophysical signature of rocks
near surface. As the map displays, gold in rock samples taken from outcrops at surface are somewhat
coincident with the near surface resistive zones. This correlation can be traced along the 6 km long gold
in rock trend.
Late Time VTEM data shows the geophysical signature of rocks at depth. The Late Time conductivity
map shows a large resistive zone at depth that is over 4 km long by 2 km wide (see blue area on
attached Late Time map (http://pjxresources.com/vtem-late-time.jpg). This large resistivity anomaly
correlates with the 6 km long gold in rock trend as well as other gold zones found on the Zinger
property. Management believes that this sizeable resistive zone represents a large slope dip st ructure
at depth that may be an important control ling factor in the distribution and deposition of gold on the
Zinger Property.
“The Zinger Property has one of the largest gold in rock trends that I have come across ”. states Mr. John
Keating, President and CEO. “The discovery of a possible large structural zone at depth that appears to
be coincident with gold mineralization at surface supports the potential to have multiple deposits along
the 6 km gold trend. Gold mineralization may be more concentrated at depth where the slope dip
structure intersects the vertical fold structures and/or favourable rock types for hosting gold.”
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. Some of the best sphalerite (zinc) mineralization drilled to date
occurs in folded phyllitic rocks above a major regional structu re called the Moyie fault. 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 In strument 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 resu lts, the success
of exploration activities, mine development prospects, completion of economic assessments, and future gold production. In
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Although PJX has attempted to identify important factors that could cause actual actions, events or results to differ materially
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