Potential Large Massive Sulphide Body Supported BY Additional Geophysics ON PJX Resources’ Vine Property
(TSX VENTURE: PJX.V)
POTENTIAL LARGE MASSIVE SULPHIDE BODY SUPPORTED BY ADDITIONAL GEOPHYSICS
ON PJX RESOURCES’ VINE PROPERTY
Toronto, Ontario – January 7, 2019 – Magnetic geophysics, Magnetotelluric (“MT”) geophysics and
Gravity geophysics all support the potential that a large target at depth could be a massive sulphide
body similar in area to the Sullivan Zinc -Lead massive sulphide deposit located 35 km north of PJX
Resources’ 100% owned Vine Property near Cranbrook, British Columbia, Canada.
Highlights
- Recent Three-Dimensional (“3D”) Modeling of Magnetic data has identified a magnetic
signature that appears to correlate with a large conductive MT an omaly announced in
December 2018 . (see 3D images of MT and Magnetic Models
http://pjxresources.com/wp-content/uploads/2019/01/pjx-vine-mt-mag.jpg)
- The l arge conductive MT anom aly can be traced for 800 metres (m) horizontally along
strike. The sub -vertical MT anomaly starts at about 600 m deep and can be traced down
dip to the west to a depth of at least 2 kilometres (km).
- Two-Dimensional Modelling of gravity data suggests the potential for large dense bodies
of massive sulphide at depths similar to the MT and magnetic anomalies.
- The anomalies appear to occur above the Moyie fault and adjoi ning fault splays.
Anomalous zinc and lead mineralization have been intersected above these faults, in holes
drilled up dip and on strike with the anomalies.
“The addition of a magnetic signature to the large target at depth identified by MT and gravity
geophysics strengthens the p otential for massive sulphide mineralization on the Vine Pro perty.”
states the President and CEO of PJX, John Keating. “Each geophysical technique can be used to
identify massive su lphides, however it is not often that we see all 3 corre late with the same
target.”
As announced in December, 2018, Management believes the large MT anomaly could represent a
folded massive sulphide body along the regi onal Moyie fault and adjoining fault splays. There is
also a smaller, less conductive, MT target closer to surface. Of great significance is how both MT
anomalies appear to c orrelate with the d epths of potential massive sulphide identified by gravity
data modelling. Neither of these target areas have been drilled.
PJX plans to first test shallow targets for massive sulphide potential before testing the deep target.
Shallow target s are at depths between 100 and 200 m. Drilling is planned to commence thi s
month. Additional work to assess the MT and other data is on-going.
The foregoing geological disclosure has been reviewed by John Keating P.Geo . (qualified persons
for the purpose of National I nstrument 43-101 Standards of Disclosu re for Mineral Proj ects). Mr.
Keating is the President, Chief Executive Officer and a Director of PJX.
Stock Option Grant
The Company's board of directors has authorized granting stock purchase options to certain
directors, employees and consultants to acquire an aggregate of 2,960,000 common shares at an
exercise price of $0.2 5, expiring January 3 , 202 4. The foregoing is sub ject to regulatory
acceptance.
About PJX Resources Inc.
PJX is a mineral exploration company focused on building shareholder value and community
opportunity through the explorati on and development of mineral resources with a focus on gold
and base metals. PJX’s propertie s are located in t he historical mining area of Cranbrook and
Kimberley, British Colum bia. 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
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Exchange) accepts responsibility for the adequacy or accuracy of this release.
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